Home Business & Industry Retiring at 71? Career Experts Warn These Signs Could Mean You’re Ready for a Career Change

Retiring at 71? Career Experts Warn These Signs Could Mean You’re Ready for a Career Change

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With reports that the retirement age could rise to 71, employees’ thoughts turn to planning for their future. In fact, in the UK, there are an average of 1,600 Google searches each month for “how to retire early”.

While the UK pension age is currently set at 66, this is expected to rise to 67 between May 2026 and March 2028. Following this, the retirement age is expected to rise to 68 in 2044.

According to research from Statista, in July 2023, the average working week was 36.4 hours. Over an employee’s lifetime, this can amount to over 90,000 hours, highlighting the importance of getting enjoyment out of your work environment.

With this in mind, distance learning provider DLC Training highlights the importance of knowing when it’s time for a career change and how you can prepare yourself for this big move.

Learning and development expert, Neil Finegan believes the key to knowing when it’s time to consider a career change is by assessing your growth within the company.

Neil suggests that if you can relate to any of these points, you might be in a position where you’re ready to consider a career change.

Wanting a new challenge

“Have you made your way to the top of the ladder and are you ready to pursue something new? While this is an incredible achievement itself, people in this situation can find themselves eager to start a new challenge when facing a lack of future progression.”

Seeking more flexibility

“If you find yourself dreaming of having more control over your own schedule and better balancing your work and personal life, it could be that you’re seeking more flexibility in your role.

“In a world where factors outside of work can cause employees to struggle with managing their work-life balance, flexibility has become a hot topic amongst employers. It’s even been reported that having flexibility at work can improve job satisfaction and overall commitment to the role.”

Greater scope for promotion

Neil comments, “If you’re in a position where you’re anxious to progress, not having accessible means for a promotion can be frustrating.

“In these circumstances, employees may consider a career change and opt for new roles with greater scope for promotion opportunities.”

Overall job satisfaction

Neil suggests that one of the most important factors when it comes to considering a new role is overall job satisfaction.

“If you’re not getting a lot of happiness from your current job, you might be ready to switch it up and try something new. Before taking a leap of faith, consider the aspects of your current role that brought you the most satisfaction and ultimately led you to seek new pastures.”

Preparing for a career change

Neil suggests that the best way to prepare yourself for a career change is to do your research, and consider as many different options as possible.

“If you’re at the point where you’re seriously considering changing your career, make sure to gather all the information you need to do it successfully.”

“This might include considering average commute length, financial impacts and salary, holidays, benefits, and flexibility.”

“If you have your mind set on a particular role or industry, learn more about the personal specifications, and if you have any gaps in your CV, make sure to fill these before you make your move.”

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