Many payments-industry executives are considering taking new jobs for the opportunity to gain professional growth, according to new survey results from TopGrading Solutions Inc.
The Port Lucie, Fla.-based recruitment firm, which surveyed 227 payments executives online in September, found that 47% of respondents chose professional growth as the reason for switching jobs (see chart). Among the reasons for switching, 20% cited the desire for a better work/life balance and an increase in pay, while 10% said not “being on the same page” with their boss or peers. Only 3% said they would make a move based on the success or size of the hiring company.
Job stability had been the main priority for most professionals during the past two years, but the shift now is toward less-tangible goals, according to TopGrading Solutions.
“Now that the economy is rebounding, people are building the confidence to move their career to that next level,” says Larry Lebofsky, TopGrading vice president. “Employees want to learn, want to enhance their skills and want access to training and development program.” he says.
The survey did not ask about specific moves within the payments industry, but there is some, albeit careful, movement in the mobile industry, Lebofsky says. More payments professionals seemingly are moving into mobile payment, and more mobile professionals may be moving into the development or engineering area of the mobile industry, he says.
However, uncertainty remains in terms of which mobile technologies will be the ones consumers adopt, a factor that plays into which companies professionals might find attractive, Lebofsky.
“No one wants to miss getting into the industry early, but there still is a slight reluctance to evaluate which is the right model,” he says.