DON’Ts: multiple job switches may fetch short monetary benefits but are very likely to lead to stagnation over the long term
As an individual, you may change your jobs frequently due to numerous factors. While some look for short term monetary benefits, others look for change in job roles. However, like everything else, switching jobs frequently has its pros and cons as explained below:
Pros:
Ø You are likely to have a salary at par or more than the industry standard in the short to mid-term. The yearly hike offered by one employer won’t be as much as you would get by switching jobs. Your salary may lag the industry standards if you have long stints with one company.
Ø Switching may lead to quick advancement of career and learning. Working in one company for higher pay and benefits can take substantial time. However, switching jobs may give you higher pays, change in responsibilities and benefits.
Ø Working in different jobs allows you to work with different people, new challenges and opportunities quite often. This helps you acquire more skills.
Cons:
Ø Staying in an organization for a longer period brings you leadership opportunities and seniority. Your employers may term you as ‘loyal’ and ‘dependable’. On the contrary, you might be labelled ‘unreliable’ or ‘deserter’ if you switch frequently and without genuine reasons.
Ø If an individual constantly changes their jobs, s/he may find it difficult to find jobs in the long run. This is because employers need resources to train an employee which is wasted if they happen to leave the organization.
Ø Staying for long leads to creating strong and long-lasting work relationships and formation of strong professional networks. This isn’t possible if he/she switches jobs frequently.
Ø Staying in an organization for a longer period gives you access to special benefits that are only limited to long time workers. Those benefits are never available to those who switch jobs often.
Takeaways
Job hopping is very likely to hurt your career in the long-term. Job hoppers rarely make it to the top management positions. The short-term benefits pale when compared to the long-term losses. Employers like to hire someone whom they can rely on and not someone who might vanish within a short time frame. Switching jobs frequently make you look like someone who lacks gravitas. Furthermore, employers consider you a bad investment.
Pros:
Ø You are likely to have a salary at par or more than the industry standard in the short to mid-term. The yearly hike offered by one employer won’t be as much as you would get by switching jobs. Your salary may lag the industry standards if you have long stints with one company.
Ø Switching may lead to quick advancement of career and learning. Working in one company for higher pay and benefits can take substantial time. However, switching jobs may give you higher pays, change in responsibilities and benefits.
Ø Working in different jobs allows you to work with different people, new challenges and opportunities quite often. This helps you acquire more skills.
Cons:
Ø Staying in an organization for a longer period brings you leadership opportunities and seniority. Your employers may term you as ‘loyal’ and ‘dependable’. On the contrary, you might be labelled ‘unreliable’ or ‘deserter’ if you switch frequently and without genuine reasons.
Ø If an individual constantly changes their jobs, s/he may find it difficult to find jobs in the long run. This is because employers need resources to train an employee which is wasted if they happen to leave the organization.
Ø Staying for long leads to creating strong and long-lasting work relationships and formation of strong professional networks. This isn’t possible if he/she switches jobs frequently.
Ø Staying in an organization for a longer period gives you access to special benefits that are only limited to long time workers. Those benefits are never available to those who switch jobs often.
Takeaways
Job hopping is very likely to hurt your career in the long-term. Job hoppers rarely make it to the top management positions. The short-term benefits pale when compared to the long-term losses. Employers like to hire someone whom they can rely on and not someone who might vanish within a short time frame. Switching jobs frequently make you look like someone who lacks gravitas. Furthermore, employers consider you a bad investment.
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