Job Change Factors

There are many reasons why you may need to find another job:

1.

Downsizing

When the economy slows down due to changing market demands or international factors, people grow more cautious. They save more and spend less, slowing down the economy even more. Then business becomes more competitive. Companies look for ways to save money by reducing their expenses through reducing their work forces. All this can lead to job loss. It can also lead to job opportunities, when people see ways they or their smaller businesses can do contract work for companies that are downsizing.

2.

Environmental Factors

In some natural-resource-based indutries , large changes to the resource itself can lead to shutdowns and job loss. Recent examples include the failure of ocean fishing stocks; crop/forest destruction due to fire, flooding, weather, or pests; and mine shutdowns due to depleted ore or disappearing markets. Though it’s a slow process, the positive side to this change is that it can lead regions to develop a variety of businesses, which, in turn, makes communities more immune to drastic changes of fortune.

3.

Personal Initiative

Finding a more satisfying work situation, a better job, more money, more time for family, personal advancement, leaving a dead-end job - all these are reasons to take personal initiative.

4.

Technological Change

Introducing computers, robotics, and telecommunications into the workplace not only changes how workers function, it means that people’s jobs can be replaced my machines or systems. The upside is that it can also create jobs for those who are able to adapt to new technological systems. It also creates new jobs in engineering, manufacturing and maintaining and fixing the new technology.

5.

Restucturing

Companies often make organizational changes in order to increase their efficiency, which results in more profits. Restructuring means changes to the organizational structure which can result in job changes or job loss.