How to Transfer Skills From One Industry to Another
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Future Money Briefing for Tuesday, March 23rd. I'm J.R. Whelan for The Wall Street Journal.
Why are so many workers considering an industry pivot during the pandemic?
The labor market in the U.S. has improved over the past several months, but there are still more than 9 million fewer jobs than a year ago, and permanent changes to some industries mean a sizable chunk of those jobs may not come back. That's causing many people out of work, and even those still employed, to make a career pivot or pursue transferring their skills to another industry.
How to move to something totally different can feel like an entirely new universe, even if you have the core skills that another employer might really want.
Coming up, we'll hear from our careers reporter, Catherine Dill, as well as job experts about how people who want to get ahead by changing industries can get a leg up on the competition. That's after the break.
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The pandemic threw many people off of their career track as companies shed jobs and reorganized over the past year. One way to get back on track is to leverage your skills from one industry to find success in another. That process can be intimidating, but experts who spoke at the Wall Street Journal's Job Summit this month offered steps you can take to make the jump. We'll hear from two of them in a moment, but first I'm joined by our careers reporter, Catherine Dill. Catherine, thanks for coming on the show.
Thanks for having me.
So we've seen periods of unemployment before. What makes this stretch of time unique in terms of people wanting to pivot to new kinds of jobs and new industries?
Well, you know, one thing we're seeing is that for some people, it's an imperative. You know, they've lost jobs in industries like hospitality, travel and leisure, which have been really battered by the pandemic and which may take a while to come back or look different when they do. So some people need to pivot right now. But for others, you know, they've spent the year... If they've kept their jobs, they might feel stagnant. They might have wanted to make a leap before the pandemic started and haven't been able to because of the state of the job market. Or for others, they may have been laid off and gotten a job in which they feel slightly underemployed. And so there's a number of scenarios right now that could make someone feel ready to pivot to a new industry or occupation.
But that process can be intimidating. Why does it seem like such a steep mountain to climb for some people?
Well, it's hard, especially, you know, if you are particularly experienced in a certain industry, it's, it might be simple to think about how to get another job with your existing job title, or maybe how to try and get a promotion, but how to move to something totally different can feel like an entirely new universe. Even if you have the core skills that another employer might really want. And for people with less experience or who might be coming from, you know, a public facing job, um, in retail or in hospitality and,
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