According to Rick Guzzo, movement from a job to another frequently would become much common probably. Rick Guzzo is Washington DC partner with the Institute of Workforce Sciences of Mercer LLC.
The major reason is that nature of the employment tends to be changing. Best resumes depict combination of leaving and loyalty.
Guzzo said that there was much of part time and contract work or the flexible employment and that is what leads the people having many jobs.
What is more, salary freezes and layoffs, among the other things, happen to have pushed the people from a job to the other. In some of the cases, stagnant job market worldwide has got limited opportunities where star employees are concerned, prompting them into seeking new challenges with other companies.
Implications Of Career
While moving from a company to another frequently does not mean that workers climb faster the corporate ladder. Depending on country and industry, being job hopper might be viewed as liability.
Many of recruiters still have their eyebrows raised when they get to see some candidate who previously changed companies after every 2 or 3 years, according to Jason Peetsma, the interim practice’s managing director at an executive firm in Toronto. He said bias was largely due to the idea about a candidate if he jumped from the last employer in a short period, then he is likely to do same, there’s notable financial risk about hiring the one who tends to leave in just short order.
Towards flipside, Peetsma also said that there was a risk with hiring the one who has been in same firm from decades. The companies prefer such people who have at least a bit of experience in adapting to the new cultures at work.
In 2005,one professor at the IE School of Spain, Monika Hamori, looked at the CEOs at the age of 55 in order to see whether the ones who moved around much did climb the ladder comparatively faster.
She found that the executives staying in a company became the CEO after twenty-three years, whereas executives having much diverse resume got the best job after twenty-six years. One of the reasons is that workers in the same institution get promoted frequently and also into jobs that are better.
Does One Needs Job Hop All For Money?
Staying at a place might be good in climbing corporate ladder, though that wouldn’t usually earn anyone any remarkable increase in salary. Many studies show that change in employers could increase someone’s salary substantially.
Peetsma said that she had found that the people who go to new firm could get salary increase up to 15%, while those in same company ordinarily get maximum 10% raise at the time of promotion. The employees at the same place normally take what is offered and they do not know what they really are worth while moving up, according to him.
Whether one hopes for job or not depends largely on his career goals and age. Statistically, younger people change employers more often while they try to search for a job which suits them, Guzzo said. But the employers don’t find it much acceptable for someone of 35 years to have spent 12 years in 7 companies. To find a lasting career, you’ll need an executive search firm like Bristol Associates.
There is an exception. The top performers at specific industries tend to move around not having any career penalty, according to Guzzo. For instance, the stars in advertising sectors or media get recruited regularly by the competitor companies.
So, what then is the perfect time to be with one company? Its answer differs with industry. Some technology company may see a forty percent turnover of staff each year and also expect job moves frequently from the employees, while some operation that is agriculture-related would only see 3% of the staff leaving the job and be cautious n hiring someone who doesn’t have long history with one company, said Guzzo.
The job tenure that is considered acceptable also differs with country. Median No. of years that a worker from North America stays with one employer is only about 4.9%. In U.K., it’s a bit above 9 years; it’s around 13 years in Italy; in the South Korea, it is 5 years; and average for Brazilians is 7 years.
The laws of labor tend to be great predictor of the corporate tenure, Andrea Bassanini, one senior economist in Organization for Economic Co-operation and Development said. It is quite harder to have the people hired and fired in Europe compared to North America and so the people within Europe stay with one employer for a long time, according to him. The emerging markets as Korea and Brazil have economies which are strong and which often means many jop opportunities. Work’s cultural views and the differences in benefits of unemployment are factors in the tenure of job.
Though, as a whole, best of the resumes show combination of leaving and also loyalty, Hamori said.
She said that after having made 1 or 2 moves across the employers it is in everyone’s best interest that they spend long time in one organization and it is important to get promoted minimum once within same company.