Your 2016 New Years Resolution
What a year 2015 was. The uncertainty of the markets affected many of us, especially those tied to the energy sector. Here is why I think 2016 is going to be much better: You’re going to take some risks.
To stay in a job that isn’t hitting on most, if not all, cylinders, is not ideal at best and can be detrimental at worst. For too long, many of us simply stayed in jobs for the simple reason that no other option paid as well. Obviously, being compensated well is important to most people. But, especially in Western Canada, many people remained in the energy sector, even if they hated their jobs, because it paid 30, 40, or 50% more than any other comparable job in the market. It’s tough to change jobs when that’s your reality.
My advice is this: take a chance and be willing to take more risks in 2016. Given the softness of the market, maybe the risk of staying in your current job is greater than joining an upstart or getting into a new industry in a job you will like more. Perhaps you aren’t making the truckloads of money you used to. Moreover, if you don’t make a move, you run the risk of getting laid off, or of being anxious about being laid off regardless of the likelihood of this happening. Be proactive, not reactive to the market.
Identifying those things that are most important to you in your career is critical to your ongoing happiness. Things like a great boss, constant learning opportunities, a positive working environment, the chance for promotion and lateral moves, better resources for your clients, a better platform to build your own portfolio, or a great corporate culture are likely important to you. If so, there is certainly a chance that the proverbial grass may be greener on the other side of the fence.
In the summer of 2015, I went through my own career evaluation, in part because of the downturn in the economy. Part of this evaluation involved sitting down with a handful of people whom I trust in my network to discuss my situation. Perhaps because I have given career advice to candidates over the last 10 years I had a little bit of an edge in finding a new opportunity of my own, but asking for and getting honest feedback from people who know you well is a useful exercise and time well spent.
In part, I worked with a company called Higher Landing (founded by my friend and long-time contact, Jackie Rafter) where I went through a battery of tests and interviews to figure out how I was wired. I’ve always said that I flourish as a professional when I’m surrounded by smart, motivated, top performing individuals. And regardless of how much I get paid, I need to be motivated by the people I am surrounded by and also be in an environment where I’m constantly learning. Those, amongst others, were the keys in my job search and these tests and assessments helped confirm and crystallize what I felt I already knew on some level.
I feel extremely fortunate that I landed in a new role with BMO Nesbitt Burns a few months ago with an amazing team, in a role where my talents can flourish and where I can evolve as a professional.
Maybe now is a perfect time for you, too, to make a change and take a risk - this would be a powerful resolution - And this is why 2016 may be your best year yet.
The opinions expressed in this article are my own and do not necessarily reflect those of BMO or BMO Nesbitt Burns.
Image taken from http://wpuploads.appadvice.com/wp-content/uploads/2015/12/2016-new-year-ss-1920.jpg
By Paul Landry, CPA, CA, MBA
New Business Development & Recruitment Partner at BMO Nesbitt Burns
EDITOR's NOTE: Thank you Paul for the inspiring words on how to face risk in an uncertain economic market. Many Calgarians can benefit from your words as they re-evaluate their careers in 2016.