Found a stat that changed how I view job hopping

I read in a LinkedIn Workforce report that people who stay at a company for over 2 years earn 50% less over their career than those who switch every 18 months. Honestly that blew my mind because my parents always told me loyalty and sticking around was the way to go. Am I missing something or is the whole 'stay put' advice just outdated now?

2 comments

2 Comments

henry1015d ago

Had a buddy who stayed at a bank for like six years because he thought loyalty looked good on a resume. When he finally left his salary was basically the same as when he started minus a few tiny raises. Meanwhile our other friend who bounced around every 18 months is now a senior manager making double what my buddy makes.

flores.tessa5d ago

@henry101 nailed it. Your buddy's story is literally the textbook example of why job hopping pays off. Companies will absolutely lowball you if you stay put, they count on you being comfortable. Your friend who bounced around figured out the system early, he probably got 15-20% bumps each move while the loyal guy was getting 2% annual adjustments that didn't even keep up with inflation. The only loyalty that matters in a job market is to your own bank account. Nobody hiring is going to punish someone for changing jobs every couple years, they just want to see results not tenure.