Job-hopping: Just like playing leap frog or hopscotch. But for your career.
It’s pretty much mandatory to judge the next generation of young people, isn’t it? The ones in their filthy 20s especially. Those ‘Gen Y’ and ‘Millenial’ kids are so entitled, etc etc. They walk around the office so confidently, chew their gum so obnoxiously, and switch jobs about as fast as Spotify tracks or Tinder dates.
AND THEIR HEMLINES ARE DISRESPECTFUL.
But hear me out on a radical idea.
What if, rather than willfully underestimating the next generation of employees, we tried to learn something from them? Better yet, what if they secretly know how to revive a dangerous, stagnant corporate culture? Ah? How ‘bout it?
Stay with me. For a start, sure, you were right about the attention span thing. Where most adults stay in their jobs an average of 4.4 years, 91% of Millenials expect to stay in a job for less than three years (according to the Future Workplace Multiple Generations At Work study).
In fact, many of them expect to move jobs in under a year.
Now, you might think short stints at multiple workplaces looks pretty dismal on a resume. And, yeah, if someone fired yo’ ass 12 times in 12 months, I’d agree. But here’s the case for smart job-hopping — which has been, until now, a Gen Y specialty.
Young people move pretty fast. If you don’t stop and look at what they’re doing and why they’re doing it, you might miss ‘em.
1. Variety makes your life spicy, or whatever.
According to a 2014 Forbes study, employees can expect roughly a 1.3% raise year on year if they stay in the same company. It’s closer to 4.5% for outstanding candidates, but once you take inflation and the general state of the economy into account, it aint that swell.
Contrarily, every time you switch jobs, it puts you in a position to negotiate a new salary.
Economist Cameron Keng suggests that people switching jobs can expect between 10 – 20% raises. And — GET. THIS. — he also argues that “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.”
Whaaaat? Fiscal slam-dunk, yo.