When companies hire staff, they attempt to hire people with a number of attributes including competence. Among the qualities that they look at is job stability.
Most people accept this notion and stay in jobs longer than they should, believing that to change jobs too frequently will damage their careers—and they’re right . . . and they are wrong.
You need to look at your salary AND retirement costs as part of your evaluation. For example, when evaluating your job, do you see a company that offers a 3% annual raise when fuel costs have increased by 40% during the past year worthwhile? Do you see it the same way when you factor in a 401K that offers a 50% match?
According to the U.S. Census Bureau, about half of all U.S. households earn $65,700 or more per year. However, only those households earning at least $131,350 per year are among the richest 20% of households nationwide. In some parts of the US, that is not a lot of money because of taxes and high costs of living.
Given how many firms cut staff cyclically, you need to put your interests ahead of theirs when planning job and career changes.
As Rodney Dangerfield said so inelegantly at the end of “Back to School,” “You’ve got to look out for #2 or you may wind up stepping in #2.”
Periodic job changes have helped a lot of people advance in their careers and finances.
Don’t overthink it.
It is your job to look out for yourself, not theirs.
Ⓒ The Big Game Hunter, Inc., Asheville, NC 2021
ABOUT JEFF ALTMAN, THE BIG GAME HUNTER
Jeff Altman, The Big Game Hunter is a coach who worked as a recruiter for what seems like one hundred years. His work involves career coaching, as well as executive job search coaching, job coaching, and interview coaching. He is the host of “No BS Job Search Advice Radio,” the #1 podcast in iTunes for job search with more than 2100 episodes.
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