We were interested to read the findings of a survey conducted by Monster.co.uk at the end of 2016 – which asked people who are registered with the site about their thoughts on 2017, and the career choices they might make. The most notable statistic from our perspective, was that just under 10% of those who took part in the poll wanted to start their own business over the coming year. Sounds like a great idea to us!
Beyond this, the survey discovered that almost a third of people (32%) are considering changing to a completely different line of work in 2017, while around a quarter (23%) are planning to focus their efforts on achieving an improved work/life balance. Something which we’re sure is even more topical after a nice long Christmas and New Year break.
Based on other questions in the poll, Monster also discovered that 17% of respondents are planning to change jobs, but within the same industry – and 12% are hoping for a promotion or even a pay rise during the next year.
Monster also asked people about the last year, and what aspects of their working life they most wished had been different – all of which is useful information for anyone who is planning to have a more successful year in 2017, as well as a happier one! Over a quarter (25%) of those surveyed said they regretted not changing jobs, while 11% felt they should have taken launch breaks more regularly. Not asking for a raise and not being promoted were also two other regrets, at 8% each.
Commenting on the findings, Monster UK & Ireland Managing Director Andy Sumner said, “I don’t think it’s a coincidence that large numbers of workers are seeking a greater work life balance or looking to start their own business. Having your own business gives greater flexibility over working hours and autonomy to decide how to structure your work life balance.
But above all, being happy in your job is most important. Spending so many hours every week doing something you don’t enjoy, or working in an environment that doesn’t suit you can really inhibit your career. The Christmas period is a great time to evaluate your situation and consider searching for better options more suited to what you’re looking for. The job market is on the rise, so there’s really no excuse to start 2017 on the front foot.”
James Leckie, MD at LimitedCompanyHelp agrees: “Not only is the limited company the most tax-efficient business structure to operate under if you’re a contractor, but you will also enjoy a new sense of freedom and confidence which is likely to have been lacking in your previous job. What better time to make the change than the start of a brand new year?”
It’s clear from these results that many people are looking to improve their working lives, and their work-life balance, in 2017 – and in our opinion there is no better way to do both of these than to set up your own business, working as a limited company contractor. Not only for the freedom and flexibility which this lifestyle brings, but also for the potential to earn higher rates of pay and to choose your individual contracts. What could be better as a new year resolution!