Skip to main content
Monthly Archives

July 2022

Is there such a thing as a career for life?

By Uncategorized

As our retirement age recedes and no career is safe from the threat of redundancy, you can no longer rely on a job for life?

This is a view that is hard to disagree with – as less than one in twelve professionals in the UK expect to stay in one job for their whole careers.

According to recruiter Hyphen, more than a quarter of young workers (aged 16-34) say they want to change careers between eight and twelve times during their working lives. And although older workers tend to show more loyalty to employers, they struggle with looking for a new career if their employer does not reciprocate that loyalty.

The unpredictability of the current economic climate, as well as the speed of change and increased mobility of workers, means that most should expect to change careers numerous times in their working life.

This isn’t just restricted to external forces. People themselves can feel the need to change career if they are not satisfied in their current roles. Our motivations and interests change over time; with much more flexibility now available for those who wish to build their own business or return to work after having a family.

So how can you prepare for the seemingly inevitable? Are there ways you can adapt your current career to conquer any boredom or the feeling of not progressing?

At Career Analysts, we work with thousand of people to help them develop their career or find the ideal career change for them.

As we move beyond our first jobs, into our thirties and beyond, our lifestyle and priorities change – does your career still motivate you and reflect your ambitions? We can help you re-evaluate who you are, what drives you and how your career can help you accomplish your dreams.

This means assessing your current situation and considering your options. By understanding who you are – your motivations and personality, your abilities, interests and values – through a unique combination of psychometric testing and a one-on-one consultation with one of our highly experienced careers advisors, we can devise a realistic plan for your future.

There’s no need to fear a career change, so embrace the possibilities that occur when you stop looking for that one job for life!

Self employment is masking the decline of jobs

By Uncategorized

New analysis by the independent thinktank The Resolution Foundation, reported by the Times, claims that traditional employee jobs are declining or flatlining across the country, and the true effect is being masked by the rise in self-employment.

The research shows that the total number of employed jobs fell in nine of 12 British regions between 2015 and 2022, ranging from a drop of 144,000 posts in Scotland, to a fall of 26,000 in the east Midlands. The numbers of employee jobs in the south-east (-1,000) and eastern region (+4,000) remained virtually static, while in London, uniquely, 246,000 were created.

The number of self-employed people rose by 112,000 in the south-east, by 76,000 in London, by 63,000 in the east and by 66,000 in the west Midlands. There were 54,000 additional self-employed posts in the south-west and 46,000 in the east Midlands.

These newly created self-employed jobs were sufficient to offset the loss of employed jobs, and this has contributed to an increase in the numbers in work in other regions over the 2010 baseline.

Additional research has also shown that self employment weekly wages have decreased at a much bigger percentage than employed jobs. While weekly wages for employees have fallen 6% since 2007, typical self-employed pay has decreased by 20% in the same time period. The typical self-employed person is now being paid 40% less than the average employee.

This move into self-employment can be for personal reasons, but some state a lack of other options for the move. There is also worrying analysis that this move can be putting even more financial pressure on homes across the UK. 

The Times quotes labour market economist and former Bank of England rate-setter, David Blanchflower “Self-employment is often the last resort of the desperate… Such workers operate under considerable strain, worried about where their income is coming from. They are sometimes forced to finance themselves by borrowing against their home, exposing their families to the same financial uncertainty that attaches to their job.”