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Someone I used to work with gets paid a truly ridiculous amount of money because she changes jobs around every 14 months to 2 years. She hates every job she takes and is constantly worried that her boss hates her in every role. I don't think she's happy, despite the huge pay. I'd rather be happy. I work to live, not live to work.
I hope she retires early and enjoys life after work.
FIRE people know
That's the thing, being able to pay bills makes me happy. Work will never make me happy.
That's the thing, paying bills doesn't make you happy, it just temporarily eliminates the drop in happiness that would occur if you didn't pay those bills.
Or some more sage advice: keep interviewing and an eye on salaries and compare that to your realistic prospectives at your job. Employers aren't dumb, and if they see that you move around a lot they might not even bother hiring you.
I have a lot of acquaintances in my field that seem to have no problem changing jobs every 1-2 years and keep doing better each time.
2ish years is the Goldilocks zone of job hoping. Less then that and you look more trouble than you are worth. More than that and you miss out on real pay raises. Though of course if you have it good then you don't have to jump.
My manager does this. If he sees that a job candidate hops jobs a lot he won't give them an interview. That being said, our yearly raises meet/exceed inflation and he's a pretty good manager
Just because they are good and your job gives raises doesn't mean previous employers did.
If you want loyalty get a dog, I work to get paid.
That's not a very logical approach.
If the qualifications are in place, your manager may be losing out on good and qualified workforce that would be loyal if they got treated well
That’s about as logical and as loaded as an assumption as being fickle. It could also mean the person isn’t qualified and other employers figured that out. But again these are assumptions. In their shoes they are right to be wary and probably have some experiences backing up that caution.
This is pretty dumb advice, because someone who's hopping every 2 years and getting passed on interviews is still getting more interviews than someone who's not applying at all.
Yeah the new strategy is lateral climbing. Companies don't value loyalty and don't give raises for sticking around anymore, so fuck em.
...I should look for a new job, perhaps
Doesn't hurt to check out your options. And almost any job will welcome you back (usually at your new pay rate) if you change your mind down the road.
Over my career, lateral moves have netted me +80%, +30%, and 20%. Not to mention quality of work/life improvements.
Most companies basically offer a < 5% raise every year, which is just around inflation. Maybe a 10% bump if you get promoted. The wider world values your skills much more.
I laugh at people bitching about their pay. Move. On. Why would the company suddenly throw you a 20% raise!? Out of the goodness of their heart?
My last 3 jobs (top pay): $14 -> $22 -> $39. At this point I could probably jump ship for more but I'm quite content to retire out of this place.
Stay put 3-5 years, gain experience, jump. When we moved here my buddy took a job at an oil change place, barely above min wage and far below his skillset. Kept job hopping and now he's making $120K+.
It’s sad how true this is. I quit my job and went to work for another company for a year. The previous company contacted me wanting me back, and hired be back after a year for $15k more than before. I’ve been there a year now and got a 3% raise. Probably should just quit again and get rehired
Suddenly no more office-only or office-first policies, suddenly there is money to offer, suddenly there is possibility to have a better computer.
Also suddenly HR system couldn't work for a week, so signing a new counter-offer contract might not be possible at the moment. "Cancel your offer, you will sign in next week".
Interesting stuff :)
Stupid question, wasn't that a risky move? I mean, the way I was raised to think by my parents I can hear their voices in the back of my head if I went through a situation like this, similar to this:
"But aren't you worried they might hire you then fire you just out of spite for switching companies? And then what are you gonna do?"
Not OP, but companies don't really care about people to that degree. They act for profit, or perceived profit, or to avoid a loss- someone that they know to be useful who is already familiar with the business is more valuable than an unknown.
Makes sense. People think they are the center of the universe when companies only see you as an additional cog in the machine. I'm not sure if I'm happy or sad by this. I'll choose the positive side of things today.
I was born into a family run company. Gave them 10 years of my life. The first few years I worked really hard and got a 2-3 dollar raise. Shortly after, minimim wage went up to 50 cents below what I was making. I did not get another raise until 2-3 years down the line. Regardless who your employer is, get treated fairly or leave for somewhere that will treat you fairly.
Sad, but true. First 7 years of my software career were split between two companies and despite 3 promotions and exceeding expectations in reviews regularly, salary growth was between 2-5% YoY.
Most recent 5 years of my career I've changed jobs every 6ish months and am now averaging about 40% YoY salary growth.
Insane that a company will pay you a 20% premium to hire someone that they'll spend 6-months training just to watch said person fly off to another firm.
Contracting is even worse. Bring someone on to do menial piecework at 2x-5x the median company salary, then kick them out so you can bring on another person who has no idea how your company operates to do the same entry-level jobs. All so you don't have to tell investors how many people are actually on your payroll.
No wonder the business failure rate is so fucking high.
And then they act like it’s the employees who are wrong. I bet every single one of the job hoppers enjoying these huge salary benefits would prefer to just chill in the same job forever if it achieved the same thing.
I've been with the same place for about 16 years. I wasted a lot of time staying in one department trying to be the best employee. I've moved repeatedly just within the company. Because moving within the company is pretty easy to do. The yearly pay raises I was getting was garbage. By moving departments and renegotiating my pay I've effectively doubled my pay from 4 years ago.
When there's no incentive to stay but all the reason to go...
Telling your manager how shit they are is very satisfying too
It's not worth it if you chase money. Even the biggest assholes at your previous job might end up in a place adjacent to you, especially if you don't look internationally (or at least out of your area) for jobs.
I read a few times that there is a breaking point between people who switch jobs every 3 years on average. Any less often you make significantly less at retirement.
I'm sure there is a value that's too often but I've tried to stay pretty close to the 3 year mark and we make about 5x what my wife and I wanted to make at retirement.
I'm staying put till the interest rates start falling. I don't want to get hired (locked into a particular salary order of magnitude) when capitalism is cautious. I want to get hired when capitalism is stupid
This comment makes no sense. You can change jobs any time, and the sooner you get paid more, the sooner you can switch to a position that pays even higher
It sucks but it's true. These days, loyalty just means you're easier to take for granted.
Always good to know what you are worth and keep interviewing skills sharp. But yeah, you could wait years for a promotion (more responsibilities!) and it only be 10% whereas a lateral move at a new company could be higher pay for the same type/amount of work. Crazy, right?
Yep, a medium sized youtuber that worked as HR said this to everyone that is looking for a raise: change company and come back.
I have been working at my current company for two years. Because China's economic environment is not good, I have never dared to leave this job.