Career Crossovers

Experts expect more workers to switch industries, even careers, as they change jobs in 2008.

As job seekers, we've been remarkably loyal to our industries. About 60% of professionals with new jobs stayed within their industry during the third quarter of 2007, according to a recent survey. That put the year on track for a record-low level of industry-switching -- until trouble broke out in the housing and finance sectors. Now, outplacement firm Challenger, Gray & Christmas expects a spike in industry crossovers early in 2008, similar to the one that occurred in late 2001 as the dot-com bubble collapsed.

Starting anew can be invigorating, but it's risky to your earning power. "The secret is to be conversant in the language of the industry you're moving to," says Jan Cannon, of Cannon Career Development in Boston. For instance, networking skills means something very different in the tech field than it does in public relations, says Cannon. "You don't want the person reading your résumé to do any of the work -- you have to do all the translating."

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Anne Kates Smith
Executive Editor, Kiplinger's Personal Finance

Anne Kates Smith brings Wall Street to Main Street, with decades of experience covering investments and personal finance for real people trying to navigate fast-changing markets, preserve financial security or plan for the future. She oversees the magazine's investing coverage,  authors Kiplinger’s biannual stock-market outlooks and writes the "Your Mind and Your Money" column, a take on behavioral finance and how investors can get out of their own way. Smith began her journalism career as a writer and columnist for USA Today. Prior to joining Kiplinger, she was a senior editor at U.S. News & World Report and a contributing columnist for TheStreet. Smith is a graduate of St. John's College in Annapolis, Md., the third-oldest college in America.