You’ve graduated. Now, where should you live and work to jump start your earning power?
By: Melissa Leong- Financial Post/ When Karen Larkin graduated in 2010 armed with a bachelor of commerce from the University of Guelph, she began applying for entry-level jobs with a $40,000 starting salary.
“The jobs I was applying for, I wasn’t really interested in,” the 26-year-old project co-ordinator said. “When I did my budget a couple of months before I graduated, I was looking to live in downtown [Toronto]. I was budgeting $700 for rent and with my student loan payments, I ended up with $20 a month of disposable income. That’s when I decided I needed to make a drastic change.”
Ms. Larkin moved to Nunavut where she joined a small translation company for $73,000 a year.
University or college is a launch pad — but to where? Should you set your sights beyond your local borders or should you just park at home? Do you have to be wiling to relocate to jump start your career and your earning power?
“The money was great. But it was more about being able to use my degree,” Ms. Larkins says. “There was just no way I would’ve been able to walk in somewhere and write an HR manual and do all of the marketing for a small company. Those jobs weren’t available.”
She still lives in Iqaluit where she admits that the costs of living are higher: for two people, rent is $2,000 and groceries, $1,200. “But there are ways around all of that. You can still end up on top,” she says. “The job opportunities are so great and I get to travel a ton…I watch my friends [back home] still struggling.”
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A new Ipsos Reid survey for the Canadian Employee Relocation Council suggests fewer than half of Canadians are willing to move for employment opportunities. The survey asked more than 2,000 Canadians whether they’d move either within their provinces or to other parts of the country for a job. Only 10% of respondents indicated an eagerness to move, while a third said they could be persuaded for the right job and the right incentives.
“It’s a nice theory to think that young people are extremely mobile because they’re not as tied down with family or mortgages or commitments,” says Lauren Friese, founder of TalentEgg.ca. “There is a subset of them who are like that but it’s also a generation that values family and values close connections. The idea that your work should move you to somewhere that doesn’t fit with what you envision for your life is less desirable.”
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She says that many of the young people using TalentEgg are looking for work near their schools or hometowns.
“When Baby Boomers were raising us, they [were saying,] ‘There’s more to your life than work and there should be other priorities, mainly family,” Ms. Friese says.
/ 23.May.2014
