The Job Hunting Podcast

126. Why we make bad career decisions.

March 21, 2022

When it comes to making career decisions, I have noticed that professionals fall into the sunk cost fallacy when they continue a career track event when they are not interested in it anymore. This is especially true when they have already invested years working or studying towards a degree. This behavior happens for many reasons, none of them rational! 

Keep listening to learn how Sunk Cost Fallacy can cause you to get stuck in your career. You will also learn 5 strategies you can use to help you make better career decisions to achieve your goals.

Timestamps:

[02:19] What is Sunk Cost Fallacy?

[04:36] Why we're all prone to Sunk Cost Fallacy.

[05:26] One of the biggest risks to your happiness and wellbeing is sticking to a career you aren't happy with.

[06:21] Sticking with a course of study just because you've paid for it.

[09:00] First thing to consider: Only take future costs into consideration.

[09:54] Second thing to consider: Stop making irrational decisions.

[11:04] Third thing to consider: Don't feel guilty.

[11:38] Fourth thing to consider: Reflect and review constantly.

[12:09] Fifth thing to consider: Focus on future benefits instead of past commitments.

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Are you new to The Job Hunting Podcast? If so, here is a bit about your host:

Hello, I'm Renata Bernarde, the Host of The Job Hunting Podcast. I'm also an executive coach, job hunting expert, and career strategist. I teach corporate, non-profit, and public professionals the steps and frameworks to help them find great jobs, change, and advance their careers with confidence and less stress. 

If you are 1) an ambitious professional who is keen to develop a robust career plan, 2) looking to find your next job or promotion, or 3) you want to keep a finger on the pulse of the job market so that when you are ready, and an opportunity arises, you can hit the ground running – then this podcast is for you. In addition to The Job Hunting Podcast, I have developed a range of courses and services for professionals in career or job transition. And, of course, I also coach private clients

So there is no excuse – I'm determined to help you! I want you to feel empowered, nail your next job, and have the career you want.

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Thank you so much again for listening to the episode. Please leave us a review and give it a 5-star rating on Apple Podcast if you enjoyed the content. An appraisal is the best gift you can give to a podcaster; I'll be so happy you wouldn't believe it! Writing a review and giving it five stars helps the podcast reach more people like you who want guidance and support in job hunting and career advancement.

Enjoy the episode and ciao for now!

RB

Renata Bernarde | Job Hunting Expert | Founder, Pantala Academy

Book a time to discuss 1-1 coaching and achieve your goals faster

rb@renatabernarde.com     

www.renatabernarde.com

 

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Host: Renata Bernarde

Editing: Cianna Reider

Music: Scott Holmes

Contact us: rb@renatabernarde.com

The Job Hunting Podcast is a podcast by Pantala Pty Ltd.

Pantala acknowledges the Traditional Owners of the Land we have recorded this podcast on, the Bunurong people. We pay our respects to their Elder's past and present and extend that respect to all Aboriginal and Torres Strait Islander cultures.

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