Long gone are the days where you can spend your entire career at one company and collect a pension when you retire. According to the Bureau of Labor and Statistics, the average person born in the latter years of the baby boom held 11 jobs from age 18 to age 44.
The time spent at one employer is even shorter for millennials (born between 1980-200). Many people either voluntarily leave an employer for a better opportunity or they are forced to look elsewhere due to a changing economic climate.
I’ve been in the pharmaceutical industry for 10 years. I’ve seen the highs of the industry during pharmacy school during the 1990’s, but am currently experiencing major slowdown. The industry is consolidating and merging. Company pipelines are drying out and generic entry threatens future growth. Because of these trends, no one pharmaceutical company is immune to a slowdown, so for me, I am constantly looking. I keep my resume current and continue to look at other opportunities. I keep my LinkedIn profile current so that potential recruiters can easily find me with new opportunities.
Never Get Too Comfortable
If you ever find yourself flying under the radar at your company with no new challenges, be cautious. Even though you may be under the radar, the company is constantly looking for ways to reduce labor costs if it threatens future growth.
My company recently downsized and associates who thought they were cruising along were given the pink slip because they did not exceed expectations and did not express an interest in their own career development.
Whenever I find myself getting comfortable in a job, I make it a point to my manager that I want to advance my career and to keep me in mind if a new opportunity opens up within the organization. When presented with opportunities, I have utilized my network to land new opportunities. I have survived this industry for 10 years, but it’s getting smaller.
It never hurts to see what else is out there. Though the grass isn’t always greener on the other side, there are a few times when it is greener. Look at trends within your industry. Search for jobs though job search engines. And always keep your LinkedIn profile and resume up-to-date. It could mean the difference between being unemployed or a long prosperous career.