4 ms·

> Less than three in ten Millennials expect to stay at their current job for the next five years. Well yeah. I can stick around my current company for 5 years

> Less than three in ten Millennials expect to stay at their current job for the next five years. Well yeah. I can stick around my current company for 5 years and get a 2-4% increase each year, or job hop every 2-3 years and get a 20% raise each time. With a market like this, why wouldn't you job hop? Loyalty to a company only inhibits you.

keiferski 7y ago
All things considered, I think most people would sacrifice earning power for stability, with a reasonable tradeoff of course.
- xj9 7y ago
  changing jobs has ~0 risk. i can (and have) spent time job hunting while fulfilling my responsibilities to my employer. then i use the offer as leverage to get a raise and switch jobs if my current employer declines.
  - JMTQp8lwXL 7y ago
    What are your odds your current employer will offer you a raise in response to an external offer? I know it's only business -- but doesn't damage working relationship with your manager if you were to get an external offer, then take a pay raise, instead of leaving? It'd make you appear as a flight risk.
    - xj9 7y ago
      communication is key. they should be aware of the market rate for their employees and adjust compensation accordingly, but i try to be very clear from the get go that i'm in it for the money and how i define my relationship with their organization. i also tend to decline non-monetary perks to drive it home that i am motivated primarily by compensation.
    - madengr 7y ago
      I got a good promotion after threatening to leave. Then 2 years later got a retention bonus and 12% raise, without asking. They key is, you have to be willing to do it, and can only play that card once with your employer. I have been at the same place 23 years, and played that card at year 20.
sjg007 7y ago
Lots of reasons: risk in the new job, different benefits, different job tasks and promotion opportunities.
- JMTQp8lwXL 7y ago
  Job hopping makes you more resilient. You see more organizational styles and become more effective at navigating in a variety of environments.
  - sjg007 7y ago
    Staying in a job or at a company also builds resilience.
    - JMTQp8lwXL 7y ago
      More depth than breadth. You get good at navigating that particular organization. Which is certainly a valuable skill to have.
      - sjg007 7y ago
        I don’t believe that, companies have to continually innovate to stay alive.
asdff 7y ago
It's hard to job hop if you aren't already in an area with lots of hoppable jobs. That really only covers a handful of metros in the U.S., and if your school doesn't draw recruiters from these places it's all the more difficult to get your foot in the door when these companies have mountains of just as qualified local candidates they can pick through. Then if you do get all these interviews you have to not only take time off, but book travel, potentially burning airline tickets and hotel stays if it doesn't pan out. You almost need a buddy with a free couch if you are job hunting in NYC or LA. That's why I left the midbest as fast as I could, because I know how easily people get trapped out here with very limited prospects and mobility.
- opportune 7y ago
  Pretty sure most well-paying jobs will pay for your airline tickets and hotels to interview. Not sure why you would take a job in a very high COL city that doesn't cover that type of thing, sounds like you're walking right into poverty
  - madengr 7y ago
    Ditto. It’s been 23 years since I looked for a job, but all 5 interviews out of EE grad school flew me out and paid for hotel, car, etc. Have times changed? This was standard practice back then.
    - opportune 7y ago
      For me no, I'm in my early-mid twenties (granted, I've worked at large tech companies) and every interview I've ever been on paid for all the travel related expenses
    - filoleg 7y ago
      Not at all. If anything, a lot of tech companies have only upped the stakes since then. Every single one of my friends who just graduated college and was actively interviewing recently had not only flights/hotels/transportation taken care of, but also got some nice perks like first class tickets or airline lounge access at the airport. Most also reimburse for food and any other expenses while you are in the city, up to a certain limit per day, which is usually very generous (the most common one I heard was $75/day for food). I don't know of a single dev in real life who had to fly out for an interview and had to pay for flights/hotel out of their own pocket.
rubidium 7y ago
Just beware of first in first out in case of a crash...
- SamuelAdams 7y ago
  During the 2008 recession I've seen people who were with a company for 20 years get laid off. At the end of the day, most people are signing an "at-will" employment agreement. Which means the risk is the same weather you move frequently or stay in place for a long time.

keiferski 7y ago

All things considered, I think most people would sacrifice earning power for stability, with a reasonable tradeoff of course.

xj9 7y ago
changing jobs has ~0 risk. i can (and have) spent time job hunting while fulfilling my responsibilities to my employer. then i use the offer as leverage to get a raise and switch jobs if my current employer declines.
- JMTQp8lwXL 7y ago
  What are your odds your current employer will offer you a raise in response to an external offer? I know it's only business -- but doesn't damage working relationship with your manager if you were to get an external offer, then take a pay raise, instead of leaving? It'd make you appear as a flight risk.
  - xj9 7y ago
    communication is key. they should be aware of the market rate for their employees and adjust compensation accordingly, but i try to be very clear from the get go that i'm in it for the money and how i define my relationship with their organization. i also tend to decline non-monetary perks to drive it home that i am motivated primarily by compensation.
  - madengr 7y ago
    I got a good promotion after threatening to leave. Then 2 years later got a retention bonus and 12% raise, without asking. They key is, you have to be willing to do it, and can only play that card once with your employer. I have been at the same place 23 years, and played that card at year 20.

sjg007 7y ago

Lots of reasons: risk in the new job, different benefits, different job tasks and promotion opportunities.

JMTQp8lwXL 7y ago
Job hopping makes you more resilient. You see more organizational styles and become more effective at navigating in a variety of environments.
- sjg007 7y ago
  Staying in a job or at a company also builds resilience.
  - JMTQp8lwXL 7y ago
    More depth than breadth. You get good at navigating that particular organization. Which is certainly a valuable skill to have.
    - sjg007 7y ago
      I don’t believe that, companies have to continually innovate to stay alive.

asdff 7y ago

It's hard to job hop if you aren't already in an area with lots of hoppable jobs. That really only covers a handful of metros in the U.S., and if your school doesn't draw recruiters from these places it's all the more difficult to get your foot in the door when these companies have mountains of just as qualified local candidates they can pick through. Then if you do get all these interviews you have to not only take time off, but book travel, potentially burning airline tickets and hotel stays if it doesn't pan out. You almost need a buddy with a free couch if you are job hunting in NYC or LA. That's why I left the midbest as fast as I could, because I know how easily people get trapped out here with very limited prospects and mobility.

opportune 7y ago
Pretty sure most well-paying jobs will pay for your airline tickets and hotels to interview. Not sure why you would take a job in a very high COL city that doesn't cover that type of thing, sounds like you're walking right into poverty
- madengr 7y ago
  Ditto. It’s been 23 years since I looked for a job, but all 5 interviews out of EE grad school flew me out and paid for hotel, car, etc. Have times changed? This was standard practice back then.
  - opportune 7y ago
    For me no, I'm in my early-mid twenties (granted, I've worked at large tech companies) and every interview I've ever been on paid for all the travel related expenses
  - filoleg 7y ago
    Not at all. If anything, a lot of tech companies have only upped the stakes since then. Every single one of my friends who just graduated college and was actively interviewing recently had not only flights/hotels/transportation taken care of, but also got some nice perks like first class tickets or airline lounge access at the airport. Most also reimburse for food and any other expenses while you are in the city, up to a certain limit per day, which is usually very generous (the most common one I heard was $75/day for food). I don't know of a single dev in real life who had to fly out for an interview and had to pay for flights/hotel out of their own pocket.

rubidium 7y ago

Just beware of first in first out in case of a crash...

SamuelAdams 7y ago
During the 2008 recession I've seen people who were with a company for 20 years get laid off. At the end of the day, most people are signing an "at-will" employment agreement. Which means the risk is the same weather you move frequently or stay in place for a long time.