In order to select a more appropriate workplace when considering career change, it is important to carefully and objectively carry out future forecasts after arranging the situation such as family and living design, as well as their own career. Therefore, this time I’ll explain concretely 10 things to consider when changing jobs.
- Estimate of revenue when not changing job
If you are 35 to 40 years old, no one knows if you can succeed in the future. For this reason, it is important to predict revenue with a conservative stance “I do not get much better in the future”. In that case, the income seems to be 5 to 10% at 10 to 15 years until 50 years old, likely to flatten until 55 years old. In many cases, it will decrease every year from 55 years old and decrease by 30 to 40% at peak age at 59 years old. Even if they are reemployed after the age of 60, income will be further reduced and it is assumed that annual salary will be less than half of 50 years old.
- Calculate expenditure when not changing jobs
If you do not change your job as it is, you also need to see how much money you spend on the current plan. Spending is greatly reduced if child becomes independent or repays the mortgage. Because the influence of the home environment is large, individual differences will be larger than income difference. Although the situation is different for individuals, it is important to grasp the income up to age 65 and the expenditure assuming that when you continue to work for the current company.
- Think about risk factor in case you do not change your job
It is also important to think about a risk that the prediction of cash flow by 65 years will go wrong. On the income side, please take into account possibility of your workplace’s bankruptcy, large organized dismissal and salary cut. On the expenditure side, consider the possibility that unforeseen circumstances may arise such as medical treatment due to illness or injury, family care, child’s support and education, housing extension and renovation, etc.
- Current residence
If the current residence is in the downtown area, there are many companies in the commutable area, so the choice of the job change destination also expands. On the contrary, if you are in a suburb or a local city, there are fewer candidates to change. In addition, the ease of moving is changed by residential type (own a house, condominium, lease). If you are a homeowner, it is likely that you will be moving and selling, but condominiums may be redeemed for rent even if you move. Considering the current housing situation, let’s think about whether you can change your job.
- Achievements to date
If you are currently 40 years old, the general rating for 40-year-old personnel is 10% potential capacity, 50% professional capacity, 40% management ability. In the case of 20s, professional skills are the most important evaluation factors mainly because they work as person in charge. From the late thirties it is expected that we will mainly exert power as a managerial staff, but that is the ability to manage the organization based on professional abilities and achieve the goal. For this reason, those who already have a track record as leaders of section chiefs or project teams are more likely to get a good reputation outside the company.
- Your personality
The job environment will change greatly if you change jobs. By moving to a completely different company, you are going to be exposed to greater stress. People with optimistic personality who are not bothered by this situation too much are suitable for changing jobs.
- Decide the job change destination
After confirming the above 6 items and deciding to change jobs, it is important to consider timing of changing jobs. There are surprisingly many people who are troubled at the timing of when to change jobs (before leaving work or after quitting). Especially, those who are not used to changing jobs tend to worry about it. There are people who find their jobs carefully after leaving their jobs, because it is not easy to find a new job while continuing their current jobs. It is, however, correct that you find the next job change before retiring. In this recession, the number of companies’ job offers is on a downward trend, and the job change market is never sailing smoothly. In the unlikely event that job change activity is prolonged, income during that period will be greatly reduced, and the length of the leave period may be disadvantageous for re-employment. Finding the next job before quitting and securing income sources for tomorrow can be said to be an essential condition for changing jobs in this era.
- Paid vacation application upon retirement
In retirement, it is also a matter of trouble what to do with remaining paid leave. In the case of using up paid vacation at the time of retirement, in general, from the date of retirement states in “Retirement Notice”, you apply for the remaining paid vacation backward calculation. For example, if you have 20 days paid vacation and it seems that the end of March is on the retirement date, we will conclude the handover by March 11 and tell the company that you want to use up 20 days paid vacation for the remaining 20 days. However, in reality, in most circumstances, due to circumstances such as handover and the hiring date of a new employee, it is not possible to use up paid vacation enough and retire. Paid leave is the right granted to workers by law and it is better to take as much as possible.
- Make a credit card
At first glance it seems like it is unrelated to changing jobs, but joining a credit card is one of the things you should to do before retirement. Credit cards are useful not only in large expenditure scenes, but also are useful tools that can earn points for each use and use the saved points for product exchange and cash back. However, credit card examination will be difficult to pass during periods of unstable income, such as after retirement, immediately after change of career, during leave, etc. When you consider your job change, it would be a good idea to make a credit card in parallel with your career change.
- Looking at the timing of buying a home
Those who are planning to buy houses in the future, those who currently secure a housing loan, or those who are considering refinancing the mortgage, please also keep in mind about the relationship between career change and mortgage loan. In a mortgage where a bank finances home purchasing funds, the loan is executed only after the review has been made by checking the borrower’s annual income, years of service, and loan history at the preliminary examination / main examination. In the case of newly getting a mortgage, as well as refinancing, the same examination as new will be done. However, if the credit information of the borrower changes due to change in job or retirement that will affect the results of the examination and the loan may not be executed. Therefore, those who are considering purchasing houses or those who are considering refinancing mortgages will need to choose between job change and mortgage priority.
In order not to regret after changing jobs, I think that we need much preparation in advance. With above 10 points, I recommend you carefully change your career.
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