Midlife Crisis & Worst College Degrees {infographic}

Some highlights from this infographic/research project
True or False: Average American Changes Careers 7 Times in a
Lifetime
?

TRUE

I. When Job Satisfaction isn’t what it should be

A. Overall Job Satisfaction in the U.S.

1. 71 percent of workers are “not engaged” or “actively disengaged” from
their work.

B. Why people aren’t satified

Top four reasons for job dissatisfaction:
Underpaid = 47% of women, 44% of men
Lack of growth opportunities = 36% of women, 32% of men
No career advancement opportunities = 33% of women, 34% of men
Feeling trapped = 29% of women, 32% of men

C. Top Burnout Careers:
45.8% physicians reported experiencing at least one symptom of serious burnout, such
as emotional exhaustion, depersonalization and a low sense of personal
accomplishment.

II. What are you gonna do about it?

A. Stick With It:
How long do people stick with their jobs?

1 out of 2 respondents are satisfied in their current jobs. However, nearly 3
out of 4 respondents have no plans to leave their current companies.

The typical American worker’s tenure with his or her current employer was 3.8 years in 1996, 3.5 years in 2000 and 4.1 years in 2008.

B. Change Careers
Reasons for Career Changes:
1. Downsizing or restructuring (54%)
2. Sought new challenges or opportunities (30%)
3. Due to ineffective leadership (25%)
4. Poor relationship with manager (22%)
5. To improve work/life balance (21%)
6. Contributions were not valued (21%)
7. Better compensation and benefits (18%)
8. Better alignment of personal and organizational values (17%)
9. Personal strengths and capabilities weren’t a good fit (16%)
10. Company was financially unstable (13%)
11. Company or job relocated (12%)

3. Embrace your midlife crisis:
14.6 million jobs projected to be created by 2018
If you’re seeking a fresh start 3 million jobs added to the healthcare industry expected between 2010 and 2020. 600,000 computer jobs expected to be created between 2010 and 2020.

If you’re ready to save the world 6.9 million jobs expected in the social sector, including in education, health care, nonprofits, and the government by 2018.

If you’re over 50 a growing portion of Americans 50 and older are still in the workforce, but at
this stage of your career you may be ready to switch into a job with shorter hours, less stress, or more social purpose, even if it means backing off your peak pay.

If you’re a working parent one recent survey found that 53% of U.S. companies offer flextime; nearly half allow for telecommuting, at least on occasion.

Nationally, the number of workers responding that they worked exclusively at home increased by 1.8 percentage points (4.8 percent to 6.6 percent) from 1997 to 2010.
Workers who reported that they worked at least one day per week at home increased from 7.0 percent in 1997 to 9.5 percent in 2010.

Just under half of those who work at home were also self-employed,
while a quarter were from management, business, and finance occupations.

3. Get an upgrade -
How to Make the Most of Your Crappy Major - When Grad School is the
answer.

Did you know that 200,000 students age 50-64 and about 8,200 students age 65 and over were enrolled in graduate study in 2009?

FACT.

Sources:

http://www.forbes.com/sites/work-in-progress/2011/03/04/employee-job-satisfaction-is-low-motivation-to-leave-is-lower/

http://online.wsj.com/article/SB10001424052748704206804575468162805877990.html

http://moneyland.time.com/2008/05/28/top_reasons_why_we_change_jobs/#ixzz29O3m4Svj

http://www.ama-assn.org/amednews/2012/09/03/prl20903.htm

http://www.forbes.com/sites/carminegallo/2011/11/11/your-emotionally-disconnected-employees/

http://www9.georgetown.edu/grad/gppi/hpi/cew/pdfs/Unemployment.Final.update1.pdf

National Center for Education Statistics

http://www.census.gov/prod/2012pubs/p70-132.pdf