What's holding them back from finding a new role?
Financial concerns are holding employees back from pursuing a change in career, leaving them stuck in roles that they no longer want, according to a new report.
Findings from Resume Now revealed that 60% of employees have stayed in a role longer than they wanted, despite 66% believing that a change in career could improve their happiness.
About 36% of employees said they have considered a career change, but only 18% are actively pursuing one, and only 13% have successfully made the switch, found the survey of 1,000 U.S. workers.
The lack of initiative to switch careers comes as 35% of employees said they worried about starting over to a lower salary, while 34% are concerned about financial instability during the transition.
"Career changes can feel daunting, especially when financial concerns and uncertainty come into play," said Keith Spencer, career expert at Resume Now, in a statement.
Spencer, however, noted that switching careers may no longer mean starting from scratch as employers start to focus more on skills over degrees.
"By leveraging transferable skills and taking a strategic approach to the job search, workers can transition into new roles with confidence," Spencer said.
The desire for a career change comes as the practice becomes more acceptable than five years ago, according to the report, which surveyed a thousand employees in the United States.
Among career changers, more than half of them (57%) cite a desire for better pay and benefits as their top motivation. Others cited:
"Employees pursuing a career change are primarily driven by financial stability, flexibility, and job fulfillment," the report reads.
"As high-paying remote jobs and skills-based hiring grow, more workers view career shifts as a chance to improve their quality of life without taking a step backward."
