What Should I Consider Before Making a Career Switch?
By Deanna Bonaparte
Gone are the days when workers would evolve from freshly-minted to veteran in one organisation. Ask anybody you know – you’d learn that they either have worked in a different organisation in the past, or are considering a switch to another in the future.
There is a kernel of truth in the notion that job-hopping opens doors to career advancement opportunities and a higher salary. But if you are thinking of job-hopping onto another industry, which should you particularly zoom in on?
The JobsCentral Community team recently attended the SPRO-CaliberLink seminar, during which we heard from recruitment experts and gained insights into some market trends. Here’s what we learnt.
Recent Job Trends
1. Oil and Gas Industry
The oil and gas sector has been going through rough times. Oil prices are near multi-year lows and production demands are slow. Since oil and gas companies might impose a hiring freeze, should you even attempt to look for opportunities in the sector? According to recruitment expert Femke Hellemons, oil and gas companies are still selectively hiring for certain roles. These include roles able to bring in revenue, improve productivity and enhance efficiency for the company – such as roles in sales and finance.
On that note, LinkedIn and recruitment expert Benjamin Teh saw light in the industry’s gloomy time. He shares, “When there are waves, there are opportunities. Especially at a time when these companies are facing an employee exodus, they would want trustworthy people equipped with the right skills to hold the forte. If you do get a job opportunity in the sector, you would become an extremely valuable member.”
2. Popular sectors
According to the experts, sectors ramping up hiring activities in the next 12 months are the ever-booming banking and finance industry, as well as the pharmaceutical industry. These are where more investments will be made and where roles will still outnumber jobseekers. In addition, another popular industry you might want to consider joining is the tech industry.
“Technology has gone from novel to norm. It is the backbone of our economy and its industry won’t ever die,” affirms Benjamin. He moves on to tell us that Facebook in Singapore has grown from having 7 employees to 700, indicative of a flourishing sector. Although a move into the tech industry might seem strategic, it is not for everyone. The likes of Facebook, Twitter and Google nurture a fast-paced work environment. While employees enjoy enviable perks and benefits, they have the onus to deliver good results. This certainly sets a high bar for people looking to enter such companies. Furthermore, it makes it necessary for employees to upgrade their skillsets constantly.
What Should You Do?
Now that you have a sense of the trends and demands of some industries, you might have a better idea of which industry to pin your hopes on. But what must you do to ensure doors in your desired industry open and you remain marketable? First and foremost, get onto LinkedIn. LinkedIn affords headhunters and prospective employers the key to open your door of opportunity.
Benjamin advises, “If you are not on LinkedIn, then by default you are already losing out. But you must learn how to harness it to your advantage. You would be losing out even more if you use LinkedIn wrongly – you would be diverting attention to your co-workers instead.”
Networking is another means to open new doors. The right networking skills when engaging recruiters will create meaningful exchanges about career opportunities. CaliberLink will be holding another seminar for participants to gain networking tips and enhance their networking skills, details of which can be found here. The seminar on which this article is based also gave us tips on how to polish our resume. Look out for our next article soon for more of these insights!
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