Should I stay or should I go now?

Sarah Fallon our consultant managing the role
Even though it appears that the world has turned on its head right now, surprisingly we have seen an increase in the number of professionals who have decided now is the time to make a move. Why now!? … well along with all the other changes lately, candidates are experiencing a range of changes to their roles, and for some, the negatives are outweighing the positives.

In order to ascertain whether a candidate is ready to move, I have look for the five P’s in my conversations. What are these five P’s I hear you say?, (or maybe not, and lockdown is getting to me already!):

Payment – It’s usually the first reason I get from a person looking for a new role, but the truth of it is that although payment or feeling you are being paid fairly is important, it’s only ever part of the reason you look to change your job. There is more to life than money and being in a very well paid job that you hate will never last! With people currently working from home and saving on travel, lunches and the extortionate amount of coffee we purchase – payment is only ever part of the puzzle! I regularly speak to candidates who are being paid up to 20% below the market average salary and when I ask them about making a move and tell them the disparity, they often respond with, ‘but I’m happy in my job’. This might sound crazy to some, but another ‘p’ is priorities, and everyone’s are different!

People – Now, more than ever, people’s relationships with their colleagues are being tested. But not how you might think - I have spoken to professionals who are no longer searching for their new role to escape interpersonal challenges at the office, because rather than sitting beside someone for eight hours a day, it’s now virtual meetings a couple of times a week! Similarly, I have other candidates who were staying in roles just because they had very strong relationships with their colleagues, and that was the most positive aspect of their working day.

Plateau – Growth is important and feeling like you are learning and growing year on year is an integral part of your career happiness. However, if this doesn’t go hand in hand with at least some of my other ‘P’s’, it’s unlikely that you will see a professional leave when they have hit the glass ceiling in a company they love working for. Often these candidates will actively seek out other opportunities for growth within their organisation. Sometimes candidates will give lack of progression as the reason when in fact they are unhappy with other aspects of their role.

Place – Location and commuting are less relevant at the moment than ever before. Having to battle the traffic on the stairs in the morning is the most many of us have been doing recently. However, one consideration under this point at the moment is - has your employer made your ‘place’ any better for you? I spoke to a candidate recently and part of their reason for wanting to make a move was because their company did not provide them with a monitor to work from home comfortably. A monitor is a relatively small thing, but it helped the employee to work more efficiently. This was the last straw for them and gave them the drive they needed to look for a new role. I have also spoken to candidates who have praised their companies for sending a desk, supplies, treats and anything to make their working from home life better. 

These acts of kindness by employers are earning loyalty points with employees. "

Praise – People who feel appreciated by their colleagues and managers for the work they do generally work harder to continue this circle of praise. It’s human nature to seek positive reinforcement that we are good at our job and really appreciated for the work we do.

So what can we take from this? That you can be well paid and feel you are developing within a company, and still be motivated to move. Similarly we can have great work colleagues and feel valued in our role, and still seek something more in our careers. However, in my opinion and experience, if your job ticks most of the P’s then are you really looking for a new job, or just testing the waters?

I think we will see an even bigger focus on being content at work going forward, because although our work life balance might be a bit better these days, our job is still a big part of our lives. I would be very interested to hear if you think there are other strong motivators that drive professionals to leave, or stay in a role?

22/10/20
posts

Related articles

What is the role of a financial controller?
What is the role of a financial controller?

Teaser

Finance & Accounting

Content Type

General

04/09/24

Summary

An organisation’s financial controller is the executive responsible for overseeing all of the accounting functions of the firm, ensuring they are completed accurately and on time. From compiling

Teaser

Join us as we outline the main tasks that fall within a FC's job description.

Read full article
Carmine Scalzo

by

Carmine Scalzo

Carmine Scalzo

by

Carmine Scalzo

The Exciting Growth of Global Private Credit
The Exciting Growth of Global Private Credit

Teaser

Financial Services

Content Type

General

15/08/24

Summary

We’ve long been talking about the fact private credit is a future giant in financial services.In today's fast paced financial landscape, private credit stands out as one of the most interestin

Teaser

Discover the dynamic rise of global private credit and it's impact on the financial landscape

Read full article
David Harvey

by

David Harvey

David Harvey

by

David Harvey

Documents, Business woman and accountant reading report for information, financial data or analysis. Paperwork, auditor check, review and bookkeeping, Calculate finance and tax in office
How to successfully transition from a large corporate to an SME

Teaser

Finance & Accounting

Content Type

Career Advice

30/07/24

Summary

Making the leap from a corporate giant to a Small or Medium-sized Enterprise (SME) can be both an exhilarating and challenging experience. In the corporate world, processes are often highly struct

Teaser

Navigate the exciting transition from corporate giant to dynamic SME with insights into trends, challenges, and strategies for a successful career shift.

Read full article
Neil Burton

by

Neil Burton

Neil Burton

by

Neil Burton

jobs

Related jobs

We are sorry we can't find what you're looking for


Why not try one of the following ...

View all jobs