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Why flexibility needs to be your priority
Business, Business Observer
August 14, 2024

Why flexibility needs to be your priority

IN the era of our parents and grandparents, the ultimate career goal was stability. Life back then was predictable, and rapid changes were not as common as they are today.

One could expect to start and end a career in the same job, often lasting 30 years or more, until retirement. The path was set, and the milestones were clear and stable. However, the world has evolved dramatically since then. Change now happens at an unprecedented pace, impacting careers, lifestyles, and personal choices far more frequently and intensely than in previous generations.

Today, prioritising flexibility is not just a choice; it’s a necessity. The average global tenure in a job is now only about four years, with many career advisors recommending a change every two years to maximise earnings and career growth. This shift is largely because companies often have fixed budgets for salary increases, which can restrict financial growth unless one moves to a new company that values their skills more lucratively. Furthermore, global factors such as inflation and the rising cost of living make it increasingly challenging to maintain a fixed lifestyle. Younger generations, observing these trends, are choosing flexibility over the traditional paths of homeownership and long-term employment at a single company. They recognise that adaptability is crucial to keep pace with the rapid changes in today’s world.

This emerging paradigm shows why flexibility should be a priority for everyone. From geographic mobility to financial adaptability, the ability to pivot and adapt is more vital than ever. Now, let’s delve into why embracing flexibility can be the most strategic decision for navigating the complexities of our modern lives and which aspects of your life should place a premium on being flexible.

 

1.Geographic Independence

The traditional model of living and working in one location is becoming increasingly outdated. Flexibility means having the freedom to move across borders. Whether it’s for better career opportunities, a higher quality of life, or simply for a change of scenery, being able to pick up and relocate to another country is a significant advantage. This mobility allows individuals to experience diverse cultures and global markets, enriching both personal and professional life. 2023 was the year that recorded the highest number of migrants leaving the US, UK, and Canada in search of better lives in what used to be deemed Third World countries. This is why places in Central and South America, Asia, and some European countries have been receiving an influx of ex-pats, bringing their currencies with them and taking up residence in countries with a lower cost economy. Being able to work from a laptop and pick your destination to live is on the rise around the world.

 

2.Choosing Your Collaborations

In the realm of work, flexibility translates into the freedom to choose who you work with and on what terms. The ability to change clients or collaborate with new companies as you see fit allows you to steer your career in the direction that best suits your goals and values. This autonomy is particularly vital in a world where the dynamics of work are continuously shifting. The gig economy continues to explode due to the flexibility it offers skilled labour around the world. Now, when you live in a cheaper economy, you no longer need to earn as much money in order to have a high-quality life, making this extremely attractive to the freelancer community.

3. No Geographic Limitations to Opportunities

Being tethered to a single location can limit your career opportunities. Flexibility means your professional endeavours are not confined to the borders of one country. This global perspective not only broadens your horizons but also enhances your ability to operate in a multicultural environment, making you a valuable asset in any globalised business. This looks like living in one country whilst the company or clients you work for are in different parts of the world.

 

4. Financial Adaptability

Life is unpredictable, and economic conditions can change rapidly. The ability to scale up or scale down expenses in response to life’s fluctuating circumstances is a crucial aspect of flexibility. This financial adaptability can help you maintain stability during economic downturns or capitalise on opportunities when times are good. When the money is rolling in and you feel like spending a year in a penthouse suite, do so, and when you need to live on a budget, scale down to that studio apartment.

As stability becomes an increasingly elusive goal, flexibility emerges as the key to navigating the complexities of modern life. It allows individuals to remain agile in a world that is constantly changing, thereby not just surviving but thriving in the face of challenges. Prioritising flexibility isn’t just about being prepared to handle the unexpected — it’s about creating a life that can adapt and flourish regardless of external changes. That’s why, moving forward, flexibility needs to become the priority in your life.

 

Keron Rose is a digital strategist who works with businesses to build their digital presence and monetise their platforms. Learn more at KeronRose.com or listen to the Digipreneur FM podcast on Apple podcast, Spotify, or YouTube.

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