You’re passionate about your work, but right now, you’re not earning the salary you want. While things are good at your current job, you’re pretty certain you won’t be getting more than a minor cost-of-living raise — if that.
Therefore, you’re thinking about pursuing new opportunities solely to get more money. From a financial perspective, this seems like the right move, but you’re not sure if it’s the best move for your career.
This is a tough one because there’s no right or wrong answer. Job hopping was once viewed as a major stigma, but it’s becoming much more common. Whether it’s right for you depends on your unique situation. Here are a few points to consider.
Four Pros and Cons of Job Hopping
Pro: You Will Likely Get a Larger Raise
Essentially stating the obvious, when job hopping for a higher salary, you wouldn’t accept an offer unless it paid notably more than your current one. Without a promotion, you probably won’t get a huge raise at your current job, but there is a chance you could get significantly more money doing relatively the same thing at a different company.
Con: You’ll Lose Seniority Perks
Staying with the same company for years can offer plenty of benefits. For example, the longer you stay with an employer, the more likely you are to accrue additional paid time off. You’ll probably have to start over each time you accept a new position.
If your employer prefers to promote from within, you might also have to wait longer to move up the ladder because you’ll lack seniority.
Pro: You’ll Likely Acquire More Marketable Skills
Changing jobs means you have to acclimate to an entirely new position at an entirely new company. Therefore, it’s almost inevitable that each job you hold will allow you to learn new skills that will boost your resume.
The more experience you have, the more value you can bring to a company. This can increase your earning power, allowing you to command a higher paycheck at each job.
Con: Potential Employers Might Think Twice About Hiring You
Generally speaking, job hopping no longer has the stigma it once did. However, many hiring managers will still be a bit leery of hiring you if you have a proven track record of not sticking around for long.
Hiring new employees requires significant time and resources, so employers might think twice about bringing on someone who probably won’t grow their career at the company.
Ready to find a new job in Michiana? Wood Staffing is here to help you find a rewarding opportunity that pays a competitive salary. Apply online today to get started!