How to switch careers and still reach your retirement goals

Personal Finance


Careers switchers often make the mistake of not adjusting their market value accordingly and not appropriately anchoring their new numbers in compensation conversations with their potential employers, said Rachel Kim, a senior manager of the career advisory board at online lender SoFi.

“Your professional market value is not a fixed number – it is one that has to be adjusted not only with your education, experience and expertise, but also with the context of the market that you’re working in and the company you’re working for,” Kim said.

Career websites, such as Glassdoor, LinkedIn and PayScale, offer free online tools that can help you estimate what your pay will be if you change roles.

Boost your value to potential employers by highlighting your transferable skills, such as communications, teamwork and leadership, that apply across all fields and roles, said Blair Decembrele, a career expert at LinkedIn.

“With 59 percent of U.S. hiring managers struggling to find enough candidates with soft skills – capabilities such as interpersonal management and critical thinking – it’s important to showcase everything you’re bringing to the table,” Decembrele said.

More from Your Money Your Future:
What financial advisors recommend for your bond portfolio

‘Closet indexing’ can hurt investors, expert says

Would-be snowbirds are come home to roost as retirees age in place



Source link

Products You May Like

Articles You May Like

Don’t get speculative with oil, gas stocks
Oil refiner Total is a winner right now
Homebuilder shares plunge after JP Morgan says recovery will be ‘tepid’
GMO’s Catherine LeGraw on emerging markets, trade tensions
One correlation in commodities market could point to new S&P 500 highs

Leave a Reply

Your email address will not be published. Required fields are marked *