Now You Can Leave Your Job!

Posted On 6 Jan 2021

Now You Can Leave Your Job!

6 Jan 2021
Now You Can Leave Your Job!

Candidate Resource, News & Events

Now You Can Leave Your Job!

You may recall, a blog I wrote in August 2020. It was a quite direct blog, stating very clearly, not to leave your job – then. You may have thought it odd advice at the time, coming from a recruiter that is – but as you know, we are not your average recruiter! We are your Consultants, Advisors, and Advocates. We can only ever give to you, our candidates, and clients the best advice, the advice that serves you – even if that does not serve us.

For example, at client briefings – you will always hear me advising, to work with one agency exclusively, and if that is not us, then my advice still stands, because it is what I believe to be best for you.

So back to why now is the right time to leave your job…

The market is picking up

At last! With an increase in job flow, there is an increase in security. My advice previously to not leave your job was centred on ensuring you have a job and financial security. In a volatile market, as we have been experiencing, I could not hand on heart, advise people to leave their current positions. For me, the risk was too high. In making this statement, I am not saying that the market is back to where it was. But…. all signs are pointing positively and in an upwards direction, providing me with more faith and trust.

For us, December saw the highest number of jobs listed since March 2020 and January has continued in this manner. There has been an increase across the board for contract roles, maternity leave positions and temporary roles. This shows not only, there are vacancies and needs but that companies have faith in the market and are thus willing to spend on salaries. Increased business confidence – this is the sign we are looking for!

Now, that is my feeling and opinion, based on what I see through my lens, business, and professional experience, but let’s look at the numbers.

Our current unemployment rate is at 6.8% (this is the figure released in December for Novembers figures – leading me to think the rate may be even better than this) vs 7% in October 2020 and vs 5.2% for January 2020.

Let us also look at the underemployment rate – this, in fact, is more important in my opinion than the unemployment rate, for it considers the actual figure, i.e., not counting the part-time roles, reduced hours etc. This rate currently sits at 9.4% vs October’s underemployment rate of 10.4% and 11.4% for September.  We are moving in the right direction!

Salaries have picked up

This is another indicator. When salaries move upwards, it shows further business confidence.

We have seen an increase in salaries for the senior level roles, i.e., at C-Suite and Chair. At the beginning of COVID-19, when businesses had a senior recruitment need, there was a significant push back in salaries – as much as 20%. The good news is the increase currently sits at more than 20%, which has been unprompted, i.e., without us advising clients to do so. Again, the increase in salaries is music to our ears as they are indicators of strength and buoyancy in the market.

Buyer beware though!

You still need to be responsible, and the onus is on you! If you are happy in your job and like your boss and the people you work with – then consider wisely why you are looking to leave your job. I am not sure the grass is greener – yet.

Please do not be leaving your job, only ‘for a change’ – again, the market will not support flippancy in job moves and allow for multiple job-hopping. Employers are becoming more focused on loyalty and longevity in people’s roles.

Do leave your job if it has been on your mind for 6 months plus, it is a ‘better’ move, you are unhappy, looking for a challenge etc. or when you know, it is simply ‘time’.  You will still need to do your due diligence. Consider the following:

  • Why is the role available?
  • How long was the last person in the role for?
  • Have you met your future boss?
Checklist before even thinking of applying for new roles:
  • List the reasons why you love your job (yes, love – I am on purpose prompting the positive attitude to your existing role)
  • Pros for leaving
  • Cons for leaving
  • What are you looking for in your new boss, company, and role?

Use this to help you decide if in fact, you should be applying for new roles – do not tyre kick ?.

Then use this list in qualifying new offers!

Be brave. If you have been contemplating changing roles – now is indeed the time to do so!

Please give your favourite EST10 recruiter a call as we would love to assist you with your new dream role for 2021!

It takes as much energy to wish as it does to plan.” – Eleanor Roosevelt 

About the author
Roxanne Calder
Managing Director

As Founder and Managing Director at EST10, Roxanne has an all-encompassing role that includes building and growing the business, as well as actively recruiting and consulting.

After completing a Bachelor’s Degree at Monash University, Roxanne began her recruitment career with renowned recruiter Julia Ross. From there, Roxanne worked in HR and recruitment with a number of global players and boutique businesses throughout Australia, the UK, Singapore and Hong Kong for over 20 years. She has been responsible for managing large teams and projects, implementing RPO models, managing and assisting businesses to an IPO and assisting companies in setting up their recruitment teams and processes.

Following completion of her MBA at the Australian Graduate School of Management, Roxanne launched EST10 in July 2010. In doing so, she hoped to combine the flexibility and high touch service levels of boutique agencies with the structure and strategy afforded to larger firms. Roxanne believes in high-touch, high-care consulting and is always on the lookout for consultants that share this vision of recruitment.