How long has it been since you met someone who started and ended his or her career at the same company? The days of working 40+ years for the same employer and retiring with a generous pension after years of company loyalty have been replaced with a new norm – changing jobs every few years in constant pursuit of knowledge, challenge, and career satisfaction.
According to a recent Bureau of Labor Statistics news release, those born between 1957 and 1964 held an average of 12.3 jobs between the ages of 18 and 52. Similarly, the median tenure for U.S. wage and salary workers is only 4.2 years. While numbers will vary depending on age, industry, and location, chances are that nearly everyone will change jobs at least a few times in his or her career.
So barring layoffs and company closures, how should you know when it’s time to make a switch? Though the job market remains strong, competition is fierce and many employees may be reluctant to abandon the familiar for the unknown. While leaving an old job for a new one always involves a bit of uncertainty, there are some factors that make it worth the risk. Let’s look at a few situations that warrant taking a leap of faith in your career.
As a business grows, so does the number of tasks that need to be completed in order to keep it running successfully. However, sometimes, in an effort to maximize profits, employers don’t grow their staff as quickly as new tasks pile up, leaving them to be completed by current staff. When this happens, employees may find themselves taking on more and more duties outside their job description, leaving them feeling frustrated, overwhelmed or disengaged. Of course, some added job duties can be expected in any role. However, if months or years pass and responsibilities continue to add up, the employer’s unwillingness to increase headcount and assign realistic workloads may prompt a job search.
Your Salary Hasn’t Increased
As your workload increases and you continue to prove your value to your employer, your salary should increase accordingly. The U.S. inflation rate typically fluctuates between 1.9 and 2.1 percent annually. Therefore, employees who don’t see at least this increase in their paychecks each year are actually making less than they did in previous years. Obviously, most employers want to know that employees can handle their job duties and make a positive contribution to the company before handing out raises. However, if you continue to receive positive feedback on your performance, yet your salary has not kept pace with your assigned responsibilities or the cost of living, a job change may be in order. Read more here…
Source: Undercover Recruiter