So you are looking ahead to 2017 and thinking about where you want to be in your work life. What kind of changes do you want to see? What kind of job expansion (or reduction) would make you happiest? How can you maximize your earning potential? All of these are great questions to consider as the year draws to a close and you like all strategic-thinking business professionals review your past goals for 2016 and re-evaluate where you want to go in the next year.
In the world of Cosmetics and Personal Care, total compensation is up with non-executive workers reporting a median increase of 6% which in itself is up slightly over the 5% increase in 2015, according to a market report by CEW & 24 Seven. Pay is on the rise across the beauty sector but especially so for those making a move to a new position. Survey results show that workers in new positions saw an 11% median increase as compared to the 6% increase others received for staying in the same position.
What does that mean to you? Consider how long you have been in your position and if the time is right to plan a change in 2017. The average length of stay in a role at any given company is steadily declining especially with the growing influx of millennials who are less loyal to employers than any other generation before. According to the United State Bureau of Labor Statistics, “The median number of years that wage and salary workers had been with their current employer was 4.2 years in January 2016, down from 4.6 years in January 2014”.
Does your current employer value the work you do? Have you earned the right to expand your job duties or move forward on the career ladder both by your proven results and time in your current role? Are you in danger of being considered un-promotable because you have chosen to stay in your current position too long?
New employers and third-party recruiters look at work histories of prospective candidates when hiring and evaluate tenure in positions, both long and short. Too short (less than 2 years) could mean a job hopper who will move on before the employer recoups the cost of hiring and training them. Too long (more than 4 years) could mean an employee with less than average drive or ability to excel in their work. Why would they feel confident hiring someone like that into a more senior-level position?
As the year winds down, now is a great time to review your work history and career goals. If you are not moving forward but feel stagnant, make plans for a change in 2017 and consider the help of industry-specific hiring professionals like Momentum Search Consultants. We focus on the unique hiring needs of beauty industry firms and know the market better than other players with broader focuses. Visit Momentum Search Consultants to learn more great tips to move your career in cosmetics and personal care forward in the coming year.