Are you Googling, “How risky is it to quit my job before a recession?” Do you find yourself wondering if a recession is a good time to change jobs? If you’re reassessing your current role, you’re not alone. Despite rising inflation and rumors of recession on the horizon, workers continue to quit their jobs, with 40% of workers in the U.S. reporting that they might leave their jobs in the near future.
As your colleagues make career changes amidst the Great Resignation, it’s healthy to evaluate your work situation. In the current job seeker’s market, any reason is a good reason to reflect on your spot in your career (even if reflection doesn’t end with a change.) There are a variety of reasons you may be looking to make a change – are you struggling with burnout, eager to move vertically, or simply wanting a breath of fresh air?
Should I quit my job?
If your work environment is toxic and you find yourself dreading going to work each day, trust your instincts. If you’re struggling to make the decision of whether you should stay or go, you may already know the answer; do not let fear stop you from making decisions in your best interest.
Many workers seeking new roles right now report feeling underworked, underpaid, and disrespected as cause for resignation. Often, U.S. workers are leaving their jobs for the opportunity for advancement, increased flexibility, and/or better benefits.
Evaluate your spot now – Does your current role align with your priorities? Are you feeling valued in your role, does your leadership emphasize work/life balance, and are you receiving the right benefits?
If you feel like you have just lost enthusiasm for your current role and are evaluating what is next, there are a few things to consider before you leave. It’s important that we remember that the grass is not always greener on the other side – the grass is greener where you water it. Communicate with your current leadership about how you have been feeling, and see if you are able to re-engage and reignite your passion.
Last Hired, First Fired
If improvements aren’t being made to your current position and you still have that desire to look for something new, be aware of the current economic conditions. It’s important to evaluate risk in order to make an informed decision.
While some labor economists believe it’s currently a job-seeker’s market, some experts still warn that recent hires are more at risk for layoffs come the recession.
With a recession impacting the labor market, we may see layoffs and rising unemployment rates, making timing important. Waiting a year or two down the road to make a change could make things more difficult.
Making a Change
If the benefits of a job change outweigh the risks and you’re considering joining the Big Quit, be strategic about the new role you take on. Now is the time to lean on your network and reach out to the people you trust to see what opportunities are available. Have knowledge of the industries that historically are hit harder during recessions.
Looking to make an industry jump? The telecommunications industry is on fire – and is frequently touted as a “recession-proof” industry. Broadstaff specializes in all-things digital infrastructure, with small, medium and Fortune 500 partners in the telecom and tech space.
Unsure of the first steps to making a change? Our team of industry-trained career consultants are here to help. We hire for IT/technology, telecom and engineering. We are always eager to help you with your resume, support you through the interview process, and bring you new job opportunities not found on other websites. Send your resume to firstname.lastname@example.org.
Know a colleague looking to make a career change? Refer a friend to Broadstaff – support your peers while earning up to $1000!