Are you open to exploring new opportunities in 2023?
Deciding to look for a new job isn’t always an easy one. Everyone needs a little guidance here and there—especially when it comes to important career decisions. If you’re asking yourself if you are open to exploring new opportunities in 2023, you’re not alone. According to a report from Monster, 96 percent of workers are looking for a new position in search of better pay. What’s more, 66 percent also think it will be difficult to find a new job given the state of the economy.
When it comes to making the decision to look for a new job in 2023, consider the current hiring trends in the market. With the uncertainty of today’s economic outlook, it’s difficult to predict what the job and insurance markets will look like and just how long those conditions will last. However, there are a few essential things to take into account that may help you make the best decision for your career.
The Job Market
First, understand that the job market is cyclical, meaning that hiring trends go through periods of both recession and expansion. During a recession, hiring is typically slower and job opportunities may be more limited. But it’s important to remember that recessions don’t last forever. Eventually, the job market will rebound.
The insurance industry is also in a unique position where an ongoing wave of baby boomers continues to retire, leaving behind a number of jobs that need to be filled by younger generations.
The Potential Downturn
As such, weigh the pros and cons of looking for a new job during a recession. On the one hand, you may have fewer job options to choose from, and the competition for jobs may be fierce. On the other hand, it can be a terrific opportunity to gain valuable experience in a new field or explore a new career path.
It’s also important to consider whether a job change during a recession is a good idea for you personally. Are you currently feeling unfulfilled in your current job? Do you need a new challenge or a different work/life balance? If so, a job change may be the right move for you.
What’s happening near you?
Additionally, understand the job market in your area. Are there insurance entities that are still hiring during the recession? Are there any opportunities that you’re qualified for? Researching the job market in your area can help you decide whether it’s a good idea for you to look for a job in 2023.
Overall, look at the current job market and your career goals before deciding whether to look for a new job in 2023. While it may be more difficult to find a job during a recession, there may be opportunities to explore a new career path or gain valuable experience. Ultimately, the decision should be based on your own unique financial, personal and professional needs.
It’s hard to find a job on your own. When you work with an insurance recruiter, you have access to more job opportunities than the average job seeker. We maintain deep relationships with employers and have the advantage of being able to campaign for you every day of your search. If you need help navigating a change in your career, reach out today and talk to an insurance recruiter.