Many of Brampton’s Residents Are Considering a Career Change

Published August 15, 2019 at 4:08 am

Have you ever thought about changing careers in Brampton? If you have, you’re not alone!

Have you ever thought about changing careers in Brampton? If you have, you’re not alone!

According to a recent poll conducted by Edward Jones, it revealed the majority of Canadians (54 per cent) have considered a career change in the past twelve months. Edward Jones is a full-service investment dealer with one of the largest branch networks in Canada.

However, nearly half (46 per cent) of the poll’s respondents claimed a lack of finances is a barrier towards taking that first step towards a new career.

According to the data, those least likely to feel financially prepared to make a career change include:

  • Individuals who are 18-34 (52 per cent) and 35-44 (51 per cent)
  • Females are less likely to feel financially ready to make a career change (54 per cent), compared to men (44 per cent)
  • Those who earn less than $40K (56 per cent)

“Career changes can mean taking a significant step towards finding personal fulfillment, but it’s a transition that should be thoughtfully planned,” said Patrick French, the principal of solutions-based strategy and tools at Edward Jones. “Taking a career turn without having a solid financial foundation in place could put one’s long-term plans at risk. A trusted financial advisor can help you develop a personalized financial strategy which best positions you to achieve your career goals, while also considering personal and long-term family responsibilities during this life transition.”

For what respondents value most in their careers, respondents selected:

  • Work-life balance (26 per cent)
  • Security (15 per cent)
  • Career fulfillment (13 per cent)

Despite noting financial preparedness as a barrier to making a career transition, only 12 per cent of respondents selected compensation as the element they valued most about their careers.

In the demographic breakdown by Edward Jones, it finds:

Taking a closer look at the demographic analysis:

  • The youngest respondents (18-34 and 35-44) were considerably more likely to contemplate a career change (68 per cent and 58 per cent) and are looking for career fulfillment in their new roles (16 per cent), more so than the other age demographics.
  • Those 35-54 and 55+ were the most likely to report that work-life balance was what they valued most about their careers (59 per cent and 28 per cent).
  • Autonomy and flexibility were most valued by those aged 55+ (36 per cent) than younger Canadians, aged 18-34 (7 per cent).

The online survey of 1515 Canadians was completed between January 4 and 8, 2019, using Leger’s online panel. The margin of error for this study was +/2.5%, 19 times out of 20.

What do you think about this poll’s findings?

insauga's Editorial Standards and Policies advertising