You are looking to increase your earnings
If you believe your current salary or commission structure isn’t up to market level, with inflation stripping back your real wage, switching roles may be the best way to increase your income. There are still plenty of opportunities to make more money in the industry. Whether you’re looking to switch to a higher paying position or simply get a raise in your current role, now is the time to do it.
Our real estate salary 2022-2023 report showed that those who switched jobs gained an average salary uplift of 18%. If you’re looking to boost your earnings, switching roles could be a viable avenue.
Before you make the switch, it is important to make sure that you’re doing it for the right reasons. If your earnings are the key reason, make sure to speak to your current employer first and see if there’s any room for negotiation. You may be able to get a raise or a better commission structure without having to leave.
You’ve reached a plateau in your current role
Have you hit a ceiling in your current role? If you’re feeling unchallenged or bored in your current role, it may be time for a change.
If you’re not growing or learning in your current position, trying a new role can help you jumpstart your career development and help you reach new heights. Working with a new team could give you a whole new perspective and broaden your knowledge in your specialism.
Whether you’re looking for a new challenge or to learn, switching roles can help you achieve those goals.
Associate Director, UK
There are plenty of different areas to choose from that will enable you to transfer your skillset, so it's important to do your research, speak to a specialist recruiter, and find the next step that's right for you.
You’re looking for a better work/life balance
Are you finding that your current role is interfering with your personal life? If you’re struggling to maintain a healthy work-life balance, it may be time for a new job. There are plenty of positions in real estate increasingly offering a more flexible schedule or the ability to work from home.
6 out of 10 employers in the real estate sector are permanently implementing new, flexible working styles. This trend is carrying on from the adaptations that had to be made in response to the pandemic. It’s now easier than ever to find opportunities in real estate that accommodate your lifestyle.
So if your current working patterns are no longer working for you, switching to an employer that embraces hybrid or remote opportunities could be the answer.
You want to move into a different area of real estate
Do you love the industry but want to try something new? Moving into a different area of real estate can be an excellent way to shake things up, learn more about the industry as a whole, and broaden your skillset. All in all, it can be a great way to revitalise your career and your passion in the sector.
There are plenty of different areas to choose from that will enable you to transfer your skillset, so it’s important to do your research, speak to a specialist recruiter, and find the next step that’s right for you.
Perhaps you can go from a sales role to marketing or utilise your development knowledge in commercial real estate into another asset class.
Consider all your options, alongside your strengths and weaknesses before applying for a new job. Once you’ve found the perfect fit, making the switch can breathe new life into your career.
Managing Director of Wates Construction
From engineering to construction. Listen here >
CEO of Thrive FPP Newman
Law, to media production then real estate lending. Listen here >
You’re ready for a change
Sometimes, the grass is greener simply because you’re ready for a change. If you’re feeling stuck in a rut or feel you’ve lost your passion in your role, it may be time to try something new.
If you’re considering switching roles in real estate, there are plenty of things to consider. Ultimately, if you’re not happy with your current situation, making a change could be the best thing for you. So don’t be afraid to explore your options – the grass might just be greener on the other side.
You don’t feel appreciated
If you’re not feeling appreciated in your current role, it may be time to move on. If you feel like your hard work is going unnoticed or unappreciated, it can be demotivating and make it difficult to stay positive about your career. If you’re looking for a more uplifting work environment where your contributions are valued, switching roles may provide that.
However, sometimes you might find the grass isn’t always greener on the other side. So before you move job, it’s important to do your research on the company you are looking to join and delve into their culture, ethos and values. This will help you get a better idea of whether or not they are the right fit for you.
You are worried about job security
If the company you work for is going through a phase of layoffs or struggling to keep afloat, it may be time to start looking for a new role. While it’s always difficult to leave a company during tough times, sometimes it’s necessary to protect your career and livelihood.
If you’re worried about your job security, make sure to do your research and look for opportunities at companies that are stable, most likely to weather an economic storm and have a good reputation.
The bottom line
There are a few key reasons why you may want to consider switching roles in real estate. Whether you’re looking for a raise or simply wanting to jumpstart your career development, switching roles could be the right move for you. And, ultimately, if you’re not happy with your current situation, don’t be afraid to explore your options. Moving job could be the best thing for you.
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