How to Change Jobs in 5 Steps & Tips to Avoid Regrets

Updated on: Apr 12, 2024

Look, not every job will be the right fit for you, and it might take exploring multiple roles to find where you truly belong. It might look like working as a freelancer so you can have greater control over your career path. Or it could look like climbing up the corporate ladder.

But what if you don’t even know which to choose? Should you stay or leave and start fresh? In this case, having a solid plan is your roadmap to making an informed career transition. And this article can help get you- and many others- there by offering valuable blend of insights and practical advice for those contemplating a job change.

If the prospect of navigating this change feels daunting, keep reading for a clear, actionable strategy to reinvent your career with confidence.

The most common mistakes when changing a job

Avoid these common job change blunders:

  1. Not Enough Research: Jumping to a new job without thorough investigation is asking for trouble. Get to know the company and the role inside out.
  2. Chasing Money Alone: A bigger paycheck doesn’t guarantee job satisfaction. Prioritize what truly matters to you in a job beyond just the salary.
  3. Escaping Rather Than Arriving: Don’t just flee a bad job; aim for a role that genuinely excites you. Moving “to” something is always better than running “from” something.
  4. Short-Term Focus: Think about your career in the long run, not just the immediate benefits. Your next move should align with your broader career goals.
  5. Overestimating Yourself: Confidence is key, but overconfidence can lead to underestimating the challenges ahead. Be realistic about the transition.
 

Staying too long in one job can make you lose sight of the broader job market and opportunities. Avoid making a move just for the sake of change; aim for a thoughtful, well-researched transition. For more insights on when it’s time to go (or stay), check out our detailed guide.

How to change jobs (the only roadmap you need)

If you make a bad decision, the best thing would be to cut your losses and leave. However, with the right approach, you can mitigate risks and make a move that truly benefits your career. Here’s a concise guide to navigating your job transition effectively, ensuring you make informed, strategic decisions:.

Structure your decision-making process

It’s easy to get swept up in the ego boost of being wanted by another employer, but letting that cloud your judgment can lead to trouble. To avoid falling into this trap, approach your decision objectively. Pin down exactly what you’re looking for in your next role—be it advancement opportunities, a better work-life balance, a specific company culture, or a certain salary range. This structured approach ensures your career move is driven by thoughtful consideration, not just emotion or impulse.

Ask hard questions (beware of cognitive bias)

Thinking of changing jobs? First, make sure your reasons are solid. It’s easy to feel frustrated temporarily and think the grass is greener elsewhere. But, not all that glitters in job interviews is gold, and sometimes, sticking with what you know is better than jumping into the unknown. Be careful not to let your first impressions or wishful thinking cloud your judgment. Really dig into what life is like at the new place by asking about how happy people are there, chances to move up, what’s expected of you, the company’s vibe, how often people leave, and what success looks like to them. It’s important to be honest with yourself, even if it means facing some tough truths. This way, you’ll make a choice that’s truly right for you.

Reverse engineer

One technique is to reverse-engineer the careers of people you admire. You can do this by checking their LinkedIn work history and analyzing where they started and where they’re at. 

Instead of just copying their moves, you should understand the context behind those decisions. Try to gauge WHY they made those decisions and how adaptable that framework can be for you.  What skills and experiences will you need to acquire to reach your goals? Think about the industries, companies, and roles that align with your aspirations. 

Seek a third-party perspective

You are not the only one who has thought of changing jobs and actually done it. Naturally, you will have many questions, doubts, and dilemmas. The best way to understand a company’s commitment to employee development is by talking to those who already work there. Network with employees and get their view of what it’s like inside. Sometimes, an external viewpoint provides the clarity or reassurance needed to make the right decisions.

Minimize your regrets

Just because you are changing jobs doesn’t mean you will get 100% satisfaction from your new job. Yes, a lot can go wrong, especially in the early stages, but that should be different if you plan carefully. To avoid regretting your decision, thoroughly research the job you are eyeing. Talk to some employees and inquire about the company culture and growth potential.

Also, consider test-driving potential roles through informational interviews, job shadowing, or freelance projects.

 

Wrapping up

Changing career paths is more than just changing job titles. it’s a series of deliberate actions to architect the career of your dreams. The tools we’ve discussed—cutting through the noise to understand your true motivations, learning from the paths of those who’ve navigated their way to success, and tailoring their strategies to fit your unique journey—are your compass in the wilderness

Use the insights shared here to make informed decisions and learn from those you admire. Now it’s your turn. Take these strategies, apply them to your situation, and take a confident step towards your next career milestone. The future is yours to shape—start now!

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Frequently Asked Questions about changing jobs

When is the right time to change jobs?

The right time to change jobs is when you’ve outgrown your current role or when it no longer aligns with your career aspirations and personal values. If you’re no longer feeling challenged, seeing opportunities for growth, or if the work environment has become toxic, it’s a clear signal to consider moving on. Trust your instincts—if you’re constantly thinking about leaving, it’s likely time to start looking for new opportunities.

 

How do you know when it's time for a job change?

You’ll know it’s time for a job change when you experience consistent dissatisfaction, lack of motivation, or a sense of stagnation in your current role. Other indicators include feeling undervalued, a desire for better work-life balance, or the realization that your career goals have evolved away from your current job’s trajectory. Pay attention to these signs; they’re telling you it’s time to explore new horizons.

What should I do if I regret changing jobs?

If you regret changing jobs, take a pause and

give yourself time to adjust to the new environment and responsibilities—it’s normal to feel unsure during a transition. If, after settling in, you still feel the move was a mistake, assess the reasons behind your regret. Is it the company culture, the role itself, or external factors? Identify what’s missing and consider if there’s a way to improve the situation. If not, it’s perfectly acceptable to start searching for a new role that better matches your expectations and career goals. Remember, each experience is a valuable step on your career path.

What salary increase is worth switching jobs?

A salary increase worth switching jobs for varies depending on your industry, current compensation, and career stage, but a general guideline is a 10-20% increase. However, salary shouldn’t be the only factor in your decision. Consider other benefits such as career advancement opportunities, professional development, work-life balance, and company culture. Ultimately, a switch should align with your long-term career goals and improve your overall job satisfaction and life quality.

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Host of Netflix’s “How to Get Rich”, NYT Bestselling Author & host of the hit I Will Teach You To Be Rich Podcast. For over 20 years, Ramit has been sharing proven strategies to help people like you take control of their money and live a Rich Life.