I think I’m in a dy­ing in­dus­try. Should I bail out now?

The Advertiser - Careers - - Front Page -

IT IS al­ways good to eval­u­ate and re­view your cur­rent po­si­tion, com­pany and in­dus­try with an eye to ca­reer prospects in the fu­ture. If you feel you are in an in­dus­try that is show­ing signs of dry­ing up, now is the time to start look­ing at what your next move might be. But don’t leap too soon. Think about what you would like to do next and start de­vel­op­ing ex­pe­ri­ence or skills you think you might need. Also start to build a net­work in the new field and do some re­search on what is re­quired to be suc­cess­ful in that area. Then once you feel you have these, you can make your move.

Mid-ca­reer KEL­LIE RIGG Gen­eral man­ager, HR So­lu­tions Rand­stad

IN­DUS­TRIES are con­stantly evolv­ing, be it in re­sponse to changes in tech­nol­ogy, en­vi­ron­men­tal fac­tors or the econ­omy. It’s a sad fact that at some point many in­dus­tries find them­selves in de­cline. If you feel your in­dus­try is shift­ing, get all the facts by re­search­ing labour mar­kets to un­der­stand how your role may be af­fected and in what time­frame. Re­view your skill set and in­ves­ti­gate how to trans­fer it to a sim­i­lar role in an­other in­dus­try. Be pre­pared to get ex­tra train­ing or work ex­pe­ri­ence and, when the time is right, see a spe­cial­ist re­cruiter and be­gin ap­ply­ing for suit­able po­si­tions.

Ex­pe­ri­enced TIM ROCHE Prac­tice leader, Right Man­age­ment Ca­reer Tran­si­tion

I WOULD give se­ri­ous con­sid­er­a­tion to those al­ter­na­tive in­dus­tries that of­fer the best prospects, in light of your ge­o­graphic lo­ca­tion, ex­ist­ing qual­i­fi­ca­tions, skills and ex­pe­ri­ence. Most think im­me­di­ately of the man­u­fac­tur­ing sec­tor as fail­ing but the IT sec­tor is thriv­ing and Australia’s largest in­sti­tu­tions are in­vest­ing and rapidly in­tro­duc­ing new tech­nolo­gies. Con­sider whether your skill set aligns with the old or the new tech­nolo­gies? Make sure you re­search the pro­jected growth rates of your in­dus­try, lev­els of com­pe­ti­tion, trends, etc. You can then cre­ate a plan with time­frames and ac­tions.

The Ex­pert MICHELLE BENT­LEY Gen­eral man­ager, Don­ing­ton, tran­si­tion and out­place­ment

THE decision to leave an or­gan­i­sa­tion or in­dus­try sec­tor needs to con­sider many is­sues, such as over­all hap­pi­ness and sat­is­fac­tion in the cur­rent job and prospects of gain­ing al­ter­na­tive work. Con­ti­nu­ity of in­come of­ten is a key re­quire­ment and a planned ap­proach to ca­reer change is im­por­tant. As­sess your trans­fer­able skills, at­tributes and knowl­edge and iden­tify other in­dus­tries in which you can use these to good ef­fect. Avoid a snap decision to leave an in­dus­try you be­lieve is in de­cline, as you may be in­ex­pe­ri­enced and ill-equipped to at­tain an­other job.

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