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Use this simple chart to figure out the risks you'll face if you change careers right now - Business Insider

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Use this simple chart to figure out the risks you'll face if you change careers right now

Become an InsiderThe coronavirus recession has caused many people to consider making big changes in their careers, but it can be hard to know whether or not to take that professional leap. developed a decision-making tool known as the "professional risk spectrum" to help people consider the risks and benefits of making a career change.

In an exclusive research partnership with Business Insider, data from the business advisory firm Brunswick showed that 25% of polled US workers are currently looking for or will be considering a job change within the next year. "As a portfolio manager, I knew it was really important to help people diversify risk under pressure," Craddock said. "What's really important when investing in our careers is having a consistent decision-making process, because when there are risks you want your decision-making process to be consistent."

"You want to think about how that's meeting your needs both in terms of your standard of living and what I call your standard of being. So, in terms of the cashflow that you require to continue to function, to take care of your loved ones, to navigate your own line," Craddock said.involves translating current skills into another industry. At this stage, Craddock emphasizes thinking diversely about your skill set and how it might be used in other roles.

 

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