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Are you a Corporate Refugee?

Updated: Jul 29, 2021

Back at work and thinking you could be doing more? You might be a corporate refugee!

Refugees are always a hot topic, but not all of them come from countries. The term 'corporate refugee' has been around since the 1980's, but in the ever expanding and contracting markets of today, the term has grown to cover those corporate high flyers who make the jump to run their own business on their own accord.

When the term was originally coined, corporate refugees were mid to high level corporate managers who had found themselves out of a job through no fault of their own. They had gone from highly secure positions, with pay cheques to match to unemployment and a job market that no longer valued their contribution. Enter the 2010's where the high flyers weren't always being pushed into the unemployment pool, but many were jumping for the freedom and power that being a 'corporate refugee' could provide.

The very security that was key to long term employment in corporates is now the reason why there is a growing movement to corporate refugees by election.

Take Peter McCleary for example, the Managing Director of HR Coach Australasia. Peter had spent 20+ years in the c-suite of ASX listed or public sector organisations, only to find he was often reporting to people who had different values and beliefs, that his influence could only be pushed so far and that the long hours were for the growth of the share price or payment of dividends. With children still at private school, a mortgage to pay, he had to find an opportunity that met his professional needs, while meeting his financial requirements. Peter took the plunge like so many before him and so many after him. He left his secure corporate job and started his own consulting business where he set the hours, who he worked with and what direction the business would take.

After a year or two, the things he had taken for granted in his corporate roles were beginning to become glaring gaps in his own professional consulting business. 'Running your own business is rewarding, but it can become extremely lonely without colleagues to talk with and being in charge of product development, business development and the client facing work meant that the free time I was craving with my family, was often taken up with building new products to go to my market with', says Peter. There had to be a way where the freedom of running your own consulting business was not impacted by the constant demand to build client offerings, and having peers to talk with was an added bonus. Franchises or Licence models offer many of these freedoms but also provide the backend support often needed. In peter's instance, he found the HR Coach licence model and never looked back.

If you feel you might be ready to take the 'corporate refugee' plunge, ask yourself these questions:

  • Are you tired of your current role and want more out of your professional hours?

  • Do you want your expertise and experience to influence more than it currently is?

  • Do you have the drive to start your own consulting business?

  • Do you want to work with business owners and others to add real value?

  • Do you have a people heart and business brain?

If you answered yes to any of these questions, then you might be a corporate refugee! If you are interested in running your own business, using your own skills and expertise combined with ongoing IP development, and a truly collegiate feel then click below to review the HR Coach Business Feasibility Guide, and start planning for the job you own on your own terms!

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