How Often Should You Be Job Searching?
While people commonly used to commit their entire career to a singular company back in the day, it’s quite uncommon to see someone stick it out with one employer until retirement these days.
Since the labor market is continuously shifting and your skill set is changing, it is highly appropriate to jump from company to company now. The important question is, how frequently should you change jobs? The most common answer is: around every three or four years.
Why should you leave?
Research has revealed employees who stick with a company for more than two years end up getting paid half as much as they would be had they left. To put it another way, businesses, even the one you might be working for right now, aren’t sufficiently promoting workers, giving raises or adding benefits. After two years of being employed by a company, you should begin to push for advancement up the company ladder. If internal advancement isn’t coming, be on the lookout for a new job somewhere else.
In addition to earning more money, there are numerous other benefits one could gain from changing jobs every 3 to 4 years. With continual change in jobs and surroundings, your skills will continue to grow and evolve, as opposed to being stagnant by remaining at the same position at the same company.
As people have a tendency to do, we can get complacent in our jobs if we refuse to leave. Your day can become largely predictable; you can grow stagnant and spend most of your time on autopilot. You don’t learn new skills, which can make it more difficult to get a job in the future if you’d have to.
When is it time?
If you have been with a company for at least three years and you’re thinking about leaving, there are a few things you should consider, including your abilities, the timing and your career objectives.
If you rarely make a mistake, and you’re feeling bored in your job, then it’s time to move on. Be particularly keen about moving on if you aren’t receiving the recognition you think you deserve. Conversely, if your skills just don’t fit with the job and your performance is reflecting that fact, you probably should start looking elsewhere.
You should also consider the timing of your search. If you’re in the midst of a busy season or a major project, put the job search on hold until you have more time and energy to dedicate. You should also avoid a job search in July, August or during late December as key hiring personnel and decision makers are often out on vacation during these times.
Finally, identify your career objectives before setting out on a job search. Are you content to stay at this level in your career, but just want a better work environment? Are you looking to advance to the level of company executive? You need to know the answers to these questions before you start making decisions that affect your career.
At LTI Services, we have years of experience helping working professionals to find better opportunities. If you’re currently looking to move on from your job, check out our job board today.