Over the last couple of weeks I’ve been writing about traveling over the long term and experiencing the world at She Thinks I’m Cheap but I also wanted to bring a subset of this discussion to the readers at Boomer & Echo.
Taking time off from your day-to-day routine for several weeks, months or even years isn’t just an activity for new graduates or those wanting to live “off the grid”. Let’s discuss the career break.
The term career break is pretty self explanatory and has become a commonly used word around the world. It describes a period of time that people use to pursue personal interests such as travel, volunteer work or even just to spend more time with family.
Related: How A Career Change Improved My Life
Let’s say you’ve worked for 5, 10 or even 15 years and over that time you’ve come to realize that there are a lot of things you’d like to see or do but just haven’t had the time. Here’s where the career break comes in.
What many people don’t realize is that there are lots of ways to take time off work and keep your job. Keep in mind that you won’t continue getting paid while you’re off!
- Large companies usually provide the option to take a leave of absence during your time with the company. Leaves can range from anywhere from a couple of weeks to several months depending on the length of your service with the company. The policies that discuss leaves should be available from human resources.
- Smaller companies may be able to work out an arrangement where they hire a temporary worker to fill in for you for a period of time.
- Small business owners could promote a staff member to run the day to day operations of their company for a short time while they stay on top of things remotely for a few hours a week.
Before we go into why a career break is a good investment, let’s first look at why many people think they can’t take one.
The first thought that will pop into many people’s minds is that they do not have enough savings to fund their lifestyle for a long period of time while they are not working. The problem is they are usually right.
We tend to structure our financial obligations based on the assumption that we will always be working and getting paid on a biweekly basis. The key to solving this is to:
a) plan ahead and save for a while according to the plan, and;
b) adjust your lifestyle before, during and after the leave to reduce your spending.
Fear of losing a job
By asking for a leave of absence many people may think that their employer will replace them while they are gone. This is a legitimate concern so the first thing you should do is make sure you get the leave documented in writing.
Related: How Did You Choose Your Career?
Many people are not scared of losing their job because of how great it is, they are actually scared of losing the job because of the financial impact it would have. This brings us back to the first point that I mentioned!
It’s just a crazy idea
Taking time off from working may simply seem unattainable, impossible or even crazy to some. The idea is so foreign with so many issues to tackle that many will simply decide that they just can’t do it.
North Americans put a lot of emphasis on home ownership and career growth so a career break may be a taboo subject for many as it deviates from a predefined path.
People will often cite children, their house, a pet or any number of other commitments that prevent them from taking a break. Meanwhile, once you actually go through it, these all become reasons to TAKE a career break!
Why Take a Career Break?
I think that if more people realized how great a career break can be (personally and professionally), they would stop focusing on the barriers to taking one and realize that taking time off for personal growth can tremendously increase one’s quality of life!
Related: Does Your Job Define You?
So, why should you take a career break?
- Pursue personal interests or develop new skills which will lead to greater self satisfaction and fulfilment
- Volunteer or give back to the community either locally or globally
- Spend more time with friends and family
- Re-assess your current career
After taking some time off, you might realize you didn’t really like your old job in the first place and you’d like to set out on a different career path. On the other hand, you might feel reinvigorated like never before and dive back into your old job with a fresh perspective.
If your current or perspective employer has a particularly negative view of career breaks you might want to consider if it is even in your best interest to work for them!
Here are a few concrete examples of things you could do with your time: learn a language, spend time with an ailing family member, get closer to your children, travel to different and exciting places, learn how to fix your own car, grow your artistic abilities in music, painting or sculpture.
Let’s not forget that you can improve your health during this time by dieting, training for a sporting event like a marathon or Ironman or learning a couple of new sports.
In short, a career break can be anything you want it to be.
Going back to the barriers I listed earlier, if you see the benefits of taking time off you can come up with your own solutions to those problems by saving money and planning for it.
When you consider all the things you could learn, do, see and experience with a few months off, you’ll realize how valuable an investment a career break can be!
Andrew Martin is a personal finance and investing blogger from Toronto, Ontario with a background in technology and a passion for travel. His blog, She Thinks I’m Cheap aims to help Canadians make more money by sharing facts, stories and advice.