The pandemic has led many companies to revisit their strategic goals and initiatives.
You could end up with a new role - either a great lateral move or a promotion - or an opportunity to lead or participate in a strategic initiative that offers you increased visibility. If you’ve been building the right relationships, you can take advantage of this moment to both develop your skill set and add value to the organization. Their departures could mean opportunities for you to take on new responsibilities, build new relationships, and be seen with fresh eyes by management. Your company may have unforeseen opportunities.Īs key employees are departing companies, they’re triggering an organizational shuffle. It was one of the best career moves that could have been suggested to me - a guided opportunity that paved the way for my advancement to the C-suite. Our CHRO told me he was leaving the company, giving no explanation other than that HR “would not be a great place to be over the next year.” (It turned out the company was downsizing and had massive layoffs later that year, but of course he couldn’t tell me.) I was stunned when he recommended that I leave HR and move to the legal department, but doing so kicked off what became my 10-year career in ethics and compliance. This happened to me earlier in my career, when I was an HR director. During times of change, when turnover is happening and opportunities become available, they will likely put forward your name. If you lucky enough to have a sponsor at this time, it may be a worthy gamble to double down, work hard, and let your sponsor know how committed you are to the organization’s success. A sponsor is someone with power, clout, and influence in your organization who will speak up for you at promotion and compensation time. A sponsor is someone who knows you and your work, and will vouch for you. Much has been written about the value of mentoring, but experts know that the real value lies in sponsorship. So how do you know whether staying at your current company might be the better decision for you? Here are five key factors to consider: 1. After more than 20 years as a Fortune Global 50 executive and coach to the C-Suite, I know that the changes we’re now seeing - mass departures and a reshuffling of the organizational chart - mean unprecedented levels of opportunity for employees at all levels. Add in the opportunities to “work from anywhere,” and you can understand why we’re seeing employees quitting in record numbers in 2021.īut before drafting your resignation letter, take a hard look at whether quitting is the best way to achieve your long-term career goals. personal savings hit a record high of 33% this year. Some are leaving their jobs simply because they can afford to - U.S. Some may be suffering from burnout or general work/life dissatisfaction. Some workers may be fed up with their existing company’s toxic or unappreciative culture, inflexible work arrangements, or pay inequity. A strong labor market is pushing up wages and benefits, and companies are offering additional perks to attract new talent.
There are a lot of reasons for them to consider leaving. Whether you call it “The Great WorkQuake,” The Great Resignation,” or “The Great Reset,” up to 41% of employees are thinking about changing careers right now. Has there ever been a better time for employees to quit their jobs? 5) It’s a great time to negotiate. Employees have unprecedented leverage at this time to reasonably discuss pay, working conditions, growth opportunities, workplace flexibility, and career development. 3) You’re crushing your goals. If you’re overdelivering value to your team and organization, generating innovative solutions to seemingly intractable problems, and earning a standout reputation for your efforts - why leave now? 4) You’re not ready. Change can be exhausting, and you need to make sure that this is the right time for you - and/or the people who depend on you at home - before you shake things up. Your colleagues’ departures could mean opportunities for you to take on new responsibilities, build new relationships, and be seen with fresh eyes by management. 2) Your company may have unforeseen opportunities.
Five factors to consider: 1) Do you have a sponsor in place? If so, it may be a worthy gamble to double down, work hard, and let them know how committed you are to the organization’s success. We may be living through the “Great Resignation,” but before drafting your resignation letter, it’s important to take a hard look at whether quitting is the best way to achieve your long-term career goals.
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