Finance job description

WITH TODAY'S sluggish economy, most people who are employed can't help but breathe a little sigh of relief that they have a job--even if they don't really like it. Human nature is to retreat to the trenches in times of uncertainty, and those who would like to make a job change are left wondering whether it is safe to poke their heads out and take a look around.

The good news is that, despite the economic slowdown, it's still an "employees' market" in much of the U.S., with a significant labor shortage in many parts of the country. For example, a survey by the Connecticut Business and Industry Association and Andersen Consulting found that 75% of small and midsize businesses that responded are having trouble filling vacancies because of the shortage of qualified workers.

This should help to quell the fears of unhappy employees who are contemplating a job change, but what about the timing issues of doing so? How do you really know whether you are just going through a rough patch that will improve over time or whether it's time to let go and move on? Most people understand the mechanics of finding a job, from how to write a good resume to how to negotiate salary and compensation, but who has the skills to leave a job at the right time and for the right reasons?

Some people find it harder to deal with change than others. For the faint of heart, the prospect of switching jobs creates a sense of unease so overwhelming that they will remain in an unhappy work situation rather than face the unknown. These individuals often need an external force to "convince" them to move on. They can only be nudged out of their chairs by the likes of a layoff, salary freeze, or the prospect of relocation. They tend to be motivated by income necessity and lifestyle convenience issues, rather than by the pursuit of opportunities to advance their careers.

Then there are those adventure-seekers who welcome the opportunity for change and may actively seek out professional growth and movement up the ladder. One of our clients has changed jobs--and scaled that ladder--seven times over her 14-year public relations career. Christina's most recent move, to a position as media relations manager for the investment division of a large financial services company, was the result of a calculated strategy, she says. "I really planned my career to bring me to this point, because I had always been intrigued with the financial services industry." While the economic uncertainty did give her pause, she felt that the risk was at least equal in the small marketing communications firm she was leaving.

Another client also took a new position with a larger company, in his case moving from a direct marketing firm to a bank. Like Christina, Mike sized up the risks of staying put and decided that things looked a little more stable in a bigger company that is well-respected within its industry. His reasons for moving centered around lifestyle issues, too, mainly reducing a two-and-a-half-hour daily train commute and spending more time with his family. The icing on the cake was that his new job is an upward career move as well. "I couldn't have written a better job description than the one I have right now. I'm doing what I loved in my last job, but in an expanded capacity," he indicates.

The desire to make a lifestyle change is one of the most common factors in motivating people to look for new jobs. These include consistent frustration over salary/pay level; ongoing problems with one's boss and/or coworkers; lack of professional development opportunities; lifestyle change requiring job adjustment, such as relocation, arrival of a child, or divorce; concern over the current company's stability; interest in changing careers; and one's job is stale and no longer challenging. Examining these key motivators and applying them to your current employment situation can be a good way to work through the decisionmaking process. You may even have more than one issue that is causing dissatisfaction with your job.

Consistent frustration over salary/pay level. Most people feel an occasional twinge of frustration over their current level of compensation after a stint of extended hours or a major project, for instance, but that alone doesn't indicate a need to change jobs. However, if you have felt a high degree of frustration for an extended period and know that similar positions in different organizations pay more, you may want to take action. You should begin by speaking with your supervisor about the possibility of a salary increase or adjustment. This conversation should not have a "bullying" tone to it, nor should you threaten to leave if your salary isn't increased. Simply state your continued interest in the company, briefly outline your longevity and accomplishments, and ask whether an increase would be possible. Once you have been given a response to your question, regardless of whether it is positive or negative, maintain your professionalism. If the answer is no, it may be time to start the job search.

Ongoing problems with your manager/ supervisor. Working directly for someone with whom you can't get along can be an extremely difficult situation. The frequency with which your job requires you to interact with your boss will be a major factor here. The delicacy of the boss-employee relationship can make resolution uncomfortable at best. You will need to ask yourself whether you have exhausted all options, such as talking to your human resources department or requesting a transfer within the company. The bottom line is that, even if you chose to leave your current position, future employers will likely check references with this individual, so leave with as much grace as possible.

Ongoing problems with coworkers. People continually tell us that one of the more important aspects of overall job satisfaction has to do with enjoying their coworkers. When those relationships are positive, they can add a wonderful element to your life, but when they're not, the workplace can be a stressful, unhappy place. The issue intensifies if your position requires frequent interaction with these individuals. There are avenues to pursue before leaving a job because of coworkers, including speaking with them directly in an attempt to resolve differences and/or approaching appropriate supervisors for support and suggestions. If these fail, moving on may be the best course of action.

Professional growth opportunities not available. Career consultants always talk about the need constantly to improve your skills and sharpen your knowledge in your industry. This is a key factor in maintaining your career "marketability." The ideal work situation is one where your current employer offers ongoing, advanced training and learning programs. However, not all companies do.

Approach your manager or human resources department to inquire if such programs are available, even if they are not actively promoted. This approach also serves to convey to your manager your commitment to your field and desire for continued learning. If they don't or can't offer programs in-house, they may be willing to pay for you to take them elsewhere. If no assistance is available, and if you feel it is hindering your career, you may choose to look elsewhere.

Lifestyle change. Many working people tell us they are struggling to balance their work and personal lives. It is a continuous challenge and goal for many, especially working mothers. As a result, one of the more-common reasons for switching jobs is due to a change in lifestyle. Divorce, marriage, a new baby, and relocation are all reasons why a new job might be necessary. When people seeking to make a change for these reasons explore new opportunities, their criteria for selection can be different than when they chose jobs at other points in their careers. Their focus will be on tangibles such as flexibility in hours, convenience to their home, employee/health benefits, and vacation time.

Many firms recognize the need to be flexible to attract and retain talented employees. As a result, workers often find they don't have to leave their current position in order to accommodate their lifestyle needs. Numerous companies have become more progressive, many offering flextime, telecommuting, and part-time options. If your employer isn't one of these, you may need to dust off your resume to find one that does.