‘Gen X shows big appetite for career change’

Over a third of 40-somethings are seeking university-level education or a professional qualification in the next two years, according to a survey on Generation X which shows a big appetite for switching careers.

The research from Management Today and Vauxhall Motors, shows more than half of Gen-X believe a ‘job for life’ culture stifles development, with one in five planning to move industry sectors in the next two years.

The findings of the survey of over 500 professionals show almost half plan to start their own business in the next 10 years, with 70% looking for a “major change”. The main motivations is doing interesting work (52%), being their own boss (61%) and being challenged (49%).  

For those simply seeking to change careers, the research reveals job satisfaction (66%); a better work life balance (60%); reward packages (50%) and flexible working hours (42%) are the most important factors for 40-somethings.

The survey also shows 43% want the opportunity to learn and grow in their next career. A third have a hobby that they intend to earn a second income from, with 7% already doing so. Over 60% are legally allowed to earn a second income, and when asked about the benefit of turning a hobby into a second income, 23% said this would be to eventually turn the hobby into a full-time career.

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