HR Trends

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Job Hopping

job hopping1Changing jobs frequently, especially as a means of quick financial gain or career advancement appears to be trending. Gone are the days when people hang on to their jobs for 30 years before getting their pension and retiring in comfort. Gone are the days where college grads joined a company and stayed for life, rising through the ranks to win that ultimate workplace trophy: the corner office.

Job hopping is the ‘New Normal’ for Gen X and the millennials (Gen Y). It is all about instant gratification.

By the age of 35, 25 percent of workers have held five jobs or more. Most job hoppers can be found in the Information Technology and hospitality industries that have talent shortage and the financial and telecom industries that are quite competitive

Before you engage in job hopping, it is important to understand the dynamics and decide if it is “your thing”. Many people have had successful careers working in one place for a long time.

Whether you are contemplating staying put or moving on, Ajilon put together a list of questions to ask yourself to help make a smart decision: Understand the opportunity costs.

  1. What do you want from your career?
  2. Have you made the most of your current role?
  3. Why do you want new opportunities?
  4. Which job has the greatest long term potential?
  5. What is your industry’s norm?

 

Employers find job-hopping less acceptable after the age of 40. Trends show otherwise. With the retiring baby boomers, this generation Xers are most sought after to fill top senior positions.

With the internet and social media trend, accessibility is possible allowing more workers to take on traditional career paths – freelancing, temps, consulting which allows them pursue other interests.

Those advocating for job hopping say…

  1. Stay too long and you might be considered not ambitious or able to adapt to a new role. You may be considered as one who is afraid of change or taking risks.
  2. Fast track your way up the corporate ladder.
  3. Someone who has a diverse background is often more attractive to a potential employer because they potentially bring new ideas and ways of doing things.
  4. This provides an opportunity to gain valuable technical knowledge in different environments and cultures. Working in several different environments provides access to different resources – both human and informational – that one couldn’t gain through a single employer.
  5. Those who’ve been working in a variety of places are able to grow their networks which is beneficial to the individual and the company they have joined.
  6. Job hopping gives you more opportunities to figure out what you like and don’t, and what is important to you in a position and company – finding the right fit for you.
  7. If you want to earn more, it may be best to leave your current position and seek out one that will bump up your salary, earning as much as 20% pay rise.

What can I say, if it has to do with leadership or careers, I am in on it. Do it for the right reasons. There are benefits in job hopping for both employees and employers.

Those against job hopping say…

  1. You are perceived as one who is unable to commit and be loyal to an employer.
  2. The learning curve – It takes time and is costly to recruit, on-board and train newbies. Should they leave in a short period of time, it can be quite costly to an employer.
  3. Employers are hesitant to invest in employees for fear they will leave.
  4. If your employer is forced to lay off employees, you might be the first to go (given your track record of leaving companies quickly)
  1. Where most products and services have a relatively long life-cycle, a job hopper will never experience such a satisfaction.
  2. In an environment where relationships are more important than ever, gaining experience by job hopping seriously compromises one’s potential for developing deeper, more reliable contacts that can act as guarantors or referees.
  3. The employer might wonder if you’re prone to making bad decisions. Bad judgment is definitely not on the list of desired employee traits. Also, you jump ship whenever challenges arise instead of taking them on. You may raise a red flag!!!

What can I say, Loyalty is no longer about putting in your time, or paying your dues, it is about providing measurable value and being rewarded for just that.

“The most important thing is to be able to demonstrate that no matter where you worked or for how long, that you were someone who was critical to the success of a project or the company as a whole,” says Steve Kasmouski, president of the Search Divisions at WinterWyman. “Your resume should tell the reader why you were important to the success of some project or company and should show that you have grown over time gaining increased responsibility, scope and success.”

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2 comments on “Job Hopping

  1. Kathurima Mwongera
    23/07/2015

    A good read.

  2. Lily
    23/07/2015

    Job Hopping is a reality! Can we also say that our Human resource of 19th Century did less to curb job hopping which has now led to being the order of the day.

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This entry was posted on 23/07/2015 by .

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