Job Hopping

How Often is Too Often to Hop Jobs?

Recently I had a conversation with some friends about the average length a person stays in a job and the pros and cons of job-hopping.ย  It got me thinking…and researching.

According to recent data from the Bureau of Labor Statistics, the average worker stays at their job 4.2 years. To some, this may seem like a good tenure. To others, it may seem like fast turnover.

An article by Fast Companyย explains why frequent job change is on the rise:

“Shorter job tenure is associated with a new era of insecurity, volatility, and risk. Itโ€™s part of the same employment picture as the increase in part-time, freelance, and contract work; mass layoffs and buyouts”.

In addition, a number of US surveys stress that people who change jobs frequently experience faster wage growth. One Forbes article shares:

“Staying employed at the same company for over two years on average is going to make you earn less over your lifetime by about 50% or more”.

This is certainly a compelling reason to move jobs more often, but the reasons for job-hopping can vary.

Recessions and changes in the economy cause wage freezes or slower compensation increases. People move jobs more often to stay ahead of negative change, take on new challenges, or secure better wages. Changing roles can also result in a higher salary and improved benefits from the start.

So, with all this in mind – what do you think…is job-hopping smart or riskyโ“

Do companies still value loyaltyโ“

Can job-hopping create better opportunitiesโ“

Do people who transition jobs more frequently demonstrate ambitionโ“

 

A rich discussion of insights and opinions on these questions occurred on LinkedIn.ย  Read the thread and feel free to chime in here (comment below) or share your thoughts on the LinkedIn post.

 

Adrienne Tom

Looking to get noticed for top jobs? I can help. Visit me online at CareerImpressions.ca to learn more about my award-winning resume and LinkedIn writing services that helped C-suite executives, VPs, and directors land top jobs at billion-dollar companies, start-ups, and everything in between. โšœ ๐—ฌ๐—ผ๐˜‚๐—ฟ ๐˜€๐˜๐—ผ๐—ฟ๐˜† ๐—ฑ๐—ฒ๐˜€๐—ฒ๐—ฟ๐˜ƒ๐—ฒ๐˜€ ๐˜๐—ผ ๐—ฏ๐—ฒ ๐˜๐—ผ๐—น๐—ฑ. Everyone has value to offer employers. But conveying this story in a modern, succinct executive resume isnโ€™t easy. I can do this for you. โšœ ๐—œ ๐—ผ๐—ณ๐—ณ๐—ฒ๐—ฟ ๐—บ๐—ผ๐—ฟ๐—ฒ ๐˜๐—ต๐—ฎ๐—ป ๐—ท๐˜‚๐˜€๐˜ โ€˜๐—ฎ ๐—ฟ๐—ฒ๐˜€๐˜‚๐—บ๐—ฒโ€™. I'm often told that my process is as valuable as the final documents. People feel more empowered and confident after our work together. โšœ ๐— ๐˜† ๐—ฟ๐—ฒ๐˜€๐˜‚๐—บ๐—ฒ๐˜€ ๐˜„๐—ผ๐—ฟ๐—ธ. I hear amazing success stories from my clients. For 15+ years, I have written hundreds of executive resumes and LinkedIn profiles that generated increased recognition and escalated earning power for my clients.
Posted in

Leave a Comment