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“I Need a New Career!” – Options to Consider

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“I Need a New Career!” – Options to Consider

We all have moments in life when it is clear that a change needed. It might happen to anyone, whether a recent graduate, an experienced professional, or someone who fails to achieve any satisfaction from a current job.

Even when there is no chance for a career change and you are stuck doing some job that does not appeal to you, it is possible to find a way to joy and fulfillment.

Reason for Changing Careers

Work takes a huge amount of your life. Aside from actual working hours, commuting to and from your place of work and even regular thinking about professional matters take up a large chunk of your time.

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If a job is demotivating or stressful and you feel anxious only imagining a new day at work, it may lead to serious physical and mental issues.

Moreover, if you do not feel that your occupation is rewarding, it is unlikely that you will be enthusiastic and will achieve great results. If you find you are in a situation like this, switching careers might be a good idea.

How to Make a Career Change

The most important thing is to muster the courage for this big step. A good place to start is to get a career change advice from a mentor or professional aptitude tester, and read some materials on this topic. Ask yourself the right career questions that may help you select a new path in life, but don’t be hasty!

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Define the Job That Suits Your Passions

Choosing a job by thinking what is the most profitable is natural and often subconscious, but the more important thing is to concentrate on what is more naturally enjoyable for you. When you are passionate about your job, you are more motivated and more likely to achieve success.

A few internet tests might help to determine your interests and careers that suit them. If you have doubts about the new career, you may ask someone who is already working in this area and discover the details of your possible new career.

Start Your Own Business

If you regularly have difficulties with bosses and being your own boss seems more attractive, or you prefer working from home, starting to work for yourself could be a great solution. Of course, starting your own business requires a certain money investment. If you are wondering how you could ever get started, look into how to run your business on $100, when you should make each dollar count.

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Manage Your Skills

Once you realize what career is for you, it is time to revise your skills. Some experiences might be used from a previous occupation. Easy career changes are usually made on the basis of skills developed earlier. Communication, managing, and planning might be already on your list. However, do not be limited to your past jobs. The experience you need can be gained from hobbies, extracurricular activities, volunteering etc. may have given you skills you wouldn’t naturally think of, but that may be perfect for your new career.

Step-by-step Transformation

Changing jobs is not a fast process. Do not be in a rush to make this decision. You may start with a part-time job or even volunteering to make sure it is the right thing to do. This way you will have time for other preoccupations that will occur during transition. Try to divide your tasks into smaller ones and accomplish them step-by-step daily to reduce possible stress.

What If Change Is Not an Option

There are life situations when a career change is not a good variant. Money issues, a newborn child, long-term contracts all may be impediments to you, telling you that it is not the best time.

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However, it is still necessary to find a satisfaction while doing your job. Focusing on advantages of your job may change your attitude. Even monotonous occupations may benefit other people and make someone happy! If you find you can’t change your job, focusing on the positives of your situation and developing a habit of gratitude can help you to make it through.

Another way is to find joy in after-work activities, hobbies or family. For example, your work may allow you to pay for a good vacation which will refresh you and give you a break from the daily monotony. A good work environment can make it easier too. Even if the tasks are boring, a friendly atmosphere and jokes can help you to deal with them.

Either way, there are choices and changes you can make to increase your daily satisfaction in your work. Try some of these ideas to make your career the stuff of your dreams!

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Featured photo credit: Unsplash via pexels.com

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Victoria Vein

Content Manger, ResumeWritingLab

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Last Updated on January 27, 2022

12 Reasons Why You Should Consider Working in Singapore

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12 Reasons Why You Should Consider Working in Singapore

Nine out of 10 foreign workers are satisfied with working in Singapore, a recent governmental survey reports. Being ranked best for numerous criteria from best intellectual property protection laws to the easiest country to do business in, Singapore also receives a bunch of accolades for the overall quality of life, top education standards and efficient medical system, ranking the nation as the healthiest in the world. So, what exactly makes the City of Lions such an impeccable place to start your career or relocate your business? Here are just 12 reasons why you should consider doing it!

1. Singapore ranks second as the most globalized economy in the world

The Global Competitiveness Report 2014 – 2015 named Singapore as the world’s second prospering economy. By defining “competitiveness” as the set of institutions, policies and factors that determine the level of productivity of a country, the report claims to be the most authoritative assessment of the country’s prosperity and well-being. What does that mean for you and me? High wages, low unemployment rate, excellent work conditions and nourishing business development and investment climate.

2. Salaries are extremely lucrative

As the economy is booming, Singapore companies are hungry to acquire overseas specialists, offering top salaries and lucrative benefit packages to attract highly-skilled workers and talents. With a median salary of 3.500$ per month, software engineers can earn up to 72.000$ annually, whereas general practitioners usually receive around 80.000$ per year, according to PayScale. Elementary school teachers earn around 34.000$ per year and working as a waitress part time will bring you around 1100$ per month.

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3. Progressive personal tax system

Calculating and paying taxes in Singapore is extremely easy and usually takes around 30 seconds to submit your online tax return. If you already obtained a residence permit, your personal taxes in Singapore range from 0% if you earn less than S$ 22.000 per year to 20% for incomes above S$ 320,000. Non-residents are expected to pay a flat rate of 15% from all income gained in Singapore. In addition, all of your earnings gained overseas and brought to the country are not subjected to any taxes.

4. Getting a work/residence permit is really easy…

With a population of only five million, and dropping fertility rates, Singapore is highly interested in acquiring new residence and labor force to boost the country’s economy to soaring heights. If you already have a job offer secured, applying for a work permit would take only a few clicks on the governmental website and you will know the outcome within just one day. No lines, no paper bureaucracy and no huge list of supportive documents or blankly stated requirements. Their entire procedure is even simpler if you are a business owner wishing to relocate your business to Singapore, or a start-up entrepreneur wishing to develop your company within the island. You are likely to receive your work permit for a longer term, plus the renewal process is fast and simple. Residence permits are usually issued along with your work permit for the same period of time.

5. …And the same with permanent residence status

If you have lived and worked in Singapore for over a year and enjoyed your experience, you can start considering applying for a permanent resident card. Again, the whole process can be done online without much hassle or paperwork involved. Among the factors of a successful outcome, expats name young age (below 50), educational background (degrees obtained in Singaporean universities will earn you extra points), the industry you work in (again extra points to those who are involved in scientific research and working with innovative technologies), and your ability to speak one of the four languages. The processing time does take up to six months.

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6. The adaptation process goes easy

As English in the main working language you won’t experience the dreaded language barrier. The local society is an absolute melting pot of Chinese, Malay, Indian and British cultures with 42% of population being foreigners. There is a huge amount of expat communities and meet-ups, restaurants serving awesome foods from all over the world, and imported goods you are used to buying back at home. As expats say, “Singaporeans are generally very comfortable with diversity and have been very welcoming to foreigners” with rare case of racism or religion discrimination occurring. There are numerous international and English schools available, along with pre-school daycare centers, so your kids won’t experience much troubles either when changing environments.

7. Top notch higher education

If at any stage you feel like lacking relevant educational background or certain skills to get a promotion, you should consider getting a degree in one of the six Singapore universities. National University of Singapore currently ranks number one in Asia and 22nd in the world offering degrees in Arts, Law, Medicine, Computer Sciences, Public Policy and nearly any other profession in demand. Tuition fees for undergraduate programs range from S$ 28.600 to S$ 129,200 for medical degrees. However, all students (foreign or resident) can apply for governmental grants and tuition aid, cutting down the costs by 50%, as currently around 20% of government spendings go into education. If you are aiming at a top executive position, getting an MBA in Singapore will cost you S$ 58,000 full-time or part-time.

8. It takes three days to open a business

Being ranked #1 for the ease of doing businesses by World Bank consequently for seven (!!!) years, starting your business in Singapore is easy and fast indeed. The whole process is done online and your registration will be deemed completed within a few hours after you pay a registration fee of the S$65. Afterwards, you can either refer for further assistance to ACRA (Accounting and Corporate Regulatory Authority) offering you a huge selection of agencies and providers to handle all your business needs – from business start-up services to preparing all the documents for your annual returns.

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9. Singapore is rated #1 as the best labor force in the world

As your business grows and you feel it is time to expand, hiring new professional team won’t be much of a struggle. With expats and work migrants flooding the market, local labors are known for their effectiveness, strong work ethics and superb educational profiles. Filling in top executives and managerial positing will not be a problem either as the share of high-skilled professionals with relevant background rose from 27% in 2003 to 31% in 2013. Moreover, 25% of residents reported to have worked for the same company for 10 years, which means less personnel changes and headhunting.

10. Low crime rates and zero corruption

Currently ranked the 5th least corrupted country in the world, Singapore surpassed a long chain of reforms and law enforcement practices on the road to a bribe-free society. The Corrupt Practices Investigation Bureau has kept an eye on matters since 1952 and tries all cases according to strict Singapore laws with long-term jail sentences and huge fines up to S$ 100,000. Same goes towards any sort of crimes–even minor offenses are treated with extreme severity. Think: three months of jail and three hard cane strokes for painting graffiti on a war memorial. When living and working in Singapore you don’t need to worry about your belongings getting stolen, nor your life threatened. Besides, you don’t need to have any sort of “special connections” to do business and get through all the legal and bureaucratic procedures.

11. You can become a millionaire in less than 10 years

According to a recent report issued by Boston Consulting Group, over one half of wealthy Singaporeans accumulated the majority of their wealth in less than 10 years. That’s the quickest growing rate in the world. Now, Singapore boasts one of the highest millionaires’ density in the world with 8.8% of the population having assets over one million US dollars. The phenomenon exists due to the ease of doing businesses in Singapore, advantageous location with easy access to nearby booming markets of India, Indonesia and Malaysia and quick implementation of progressive new technologies.

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12. Absolute political stability

Obviously, your business and you as an employee do not exist in a vacuum and are highly dependent on governmental policies and law-making. The Singaporean government is known for conducting open and fair policy towards constantly introducing new laws, tax relieves, and regulations to enhance the countries’ business environment even more. With the People Action’s Party forming the majority in Parliament since 1965, Singapore has a very stable and orderly government indeed.

Featured photo credit: Larry Teo via unsplash.com

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