Should You Switch Jobs in a Recession?

February 23, 2009 RSS Feed Print
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You hate your job. The work is boring, your boss annoys you, you share an office with someone who insists on taking all her calls on speakerphone, and you're pretty sure the guy down the hall uses your photo as his screensaver.

Or maybe you like your job all right but you saw a higher-paying opening at another company that you'd be perfect for.

But in such a bad economy, should you think twice about switching jobs?

Before I trick you into thinking I have an answer for you, know that I don't. What I do know is this: Switching jobs is always a risk, even in the best of economic times. And right now, it's extra risky because if the new job doesn't work out, the escape route--leaving and finding something else--is far more clogged with people than it used to be.

So if you're considering switching jobs, here are some factors to consider--anytime, but especially now:

  • You might hate the new job or the culture or the boss. People tend to see only what they want to see when they're considering a new position, but this is a time when you should be as clear-eyed as possible. Don't let yourself overlook danger signs or you might jump from one bad situation into another.
  • The new job might pay more, but it also might lay you off in three months. What do you know about the new employer's financial stability versus your current employer's?
  • Are the things that are driving you away from your current job things that you might be able to change by speaking up? Or that you might be able to live with more or less happily by changing your perspective?

Obviously, it would be silly to say people should never change jobs in a bad economy. Maybe you can find your dream job, or a way out of a career sinkhole, or a financial windfall. But if there was ever a time to proceed with some extra caution and not leap rashly, it's now.

Alison Green is chief of staff for a medium-sized nonprofit where she oversees day-to-day management of the staff as well as hiring, firing, and staff development. She is working with the Management Center to coauthor a book on nonprofit management. Her writings have been published in the Washington Post, the New York Times, Maxim, and dozens of other newspapers. She blogs at Ask a Manager.

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I'm 29 and have been working in my current company for 5 years. The job is exactly related to my educational background and I really enjoyed the work and challenges for the first 4 years. But it's been a year that the company is badly affected by economical crisis. The number of active projects have decreased significantly, some people have been laid off, others have moved to other companies. The salary is good here and the office is 10 minutes distance to my house, but i'm idle most of the time. I have a job offer in a reputed company with the same position and the salary is 10% higher than my current salary. But it's rathe far (it takes me 1 hour to get there) and I have heard that staying overtime there is a must. Is it wise to accept the offer or should I wait here for sunnier days?

GOL 2:14AM September 17, 2011

I am in a little bit of a "pinch". I have been currently employed at my present job for off and on ten years since my college days. I am a computer programmer,but is lacking skills and enhancement. I make a descent income, and my wife makes the same. My current job doesn't challenge me as much as it use to. I could switch to the private sector and make up to 10K more a year, plus I currently commute 50 miles everyday? But is it worth the risk ?? Right now I wake up and have a job and there is no talks of any layoffs or pay cuts ?? Or heck with it and just continue to live within our means and wait for the right opporunity to fall in my lap ?? What does everyone else think ??

Dan of MN 10:10PM February 24, 2010

i live in carson ca and my mom works in newport beach and its waaaaaaaaaaaaaaaaaaaayyyyyyyyyyyyyyy too far!!!!i can see how stressful the drive is. i go to school in huntington beach-idk why-and were always late im being real close to gettiin expelled. i understand theres a ressesion but she picked the wrong time to look for a new job closer to carson but is it safe to switch or transfer??

jada of CA 8:02PM December 04, 2009

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