Are you struggling with leaving your current company even though you like the company? It’s your job that’s the problem, not the company. Perhaps you’ve gone as far as you can go in your existing job. Maybe you’re bored with what you’re doing or maybe you’ve figured out that you’re in the wrong career.
Before you leave, consider looking for other jobs inside the company.
Your company has invested a lot of time and money into training you not only to do your existing job but also to the policies and procedures that are a representation of that company’s culture.
Turnover hurts companies.
It’s expensive and time consuming starting over with a new employee. There’s varying statistics regarding the monetary cost of employee turnover. Some reports estimate the cost at 40% of an employee’s annual salary and up to as high as 150%.
Companies are beginning to realize that it would be better to transfer good employees to other departments even if they may not have all the skills to do the job. They would rather spend more in training getting an existing employee up to speed because internal employees are already familiar with the company.
There are estimates that it can take new employees anywhere from 1 – 2 years to be productive at a new job. But an internal employee may get up to speed faster.
So how do you go about finding another job inside your current company?
If you’ve been at the company or in your existing position for a while there’s a good chance that you already have an interest in another area. Arrange to meet with the manager or director over the group and talk to them about possible opportunities for someone with your skills.
If you aren’t familiar with the other departments in the company you can start researching on the company’s website. Research the different business groups and then reach out to those groups that interest you. It’s acceptable to ask managers for informational interviews in order to collect more information about what the group does. In fact, many companies encourage their employees to do this regardless as part of their career development. When speaking with the manager find out what it would take for someone with your skills to be able to transfer into the group.
Keep in mind that if you do decide to leave it could take anywhere from six months to a year before you find another job. But if you look for a job inside your company, you might be able to train for a new job while you still have a job. Your company might even pay the cost of the training. Or you might find that another group would be happy to have you right away.
So the next time you decide to make a job change, don’t forget there might be a great opportunity waiting for you right in your own back yard.