The Dilemma of Pay Raises and Job Hopping
I don't know why any employee is not given a pay rise until he gets another high-paying offer from another company. Suddenly, he also receives an offer of equivalent or higher pay from his company to stay back. Here, frequently employees have the question of why their current company is ready to give such a rise which was never offered earlier.
Reasons for Job Changes
Reasons for job changes differ from person to person, but most importantly, it is a higher salary/benefits.
Employees are compelled to hop jobs because of the following reasons:
- Rising expenses and inflation
- Increase of dependents: children, their education fees, old parents, their decreasing health, and increasing medicinal costs
- Home loan or any other liability, and many more...
Many times a person has to leave a job that he loves just because he is not getting enough compensation, but at the same time, he has to fulfill his family's demands, his own wishes, and secure his future.
The Reality of Job Hopping
Nowadays, it is compulsory for any employee to change at least 5-9 jobs before he gets a stable lifelong job where he can work until he retires. Please do not deny this fact as employees change at least 4-7 jobs on average. I have seen not one but several resumes and profiles on Linkedin.com where employees have worked in 8 companies in 10 years, and by inside information, we get to know that they have joined with a whopping salary package. Are these people called "Job Hoppers"? No, in fact, companies call them people with "A Rich Job Experience."
Yes, it is definitely called a Rich Job Experience because he has proved that:
1) He is versatile and can adjust to anything like shifts, long hours, work on holidays, or any job location.
2) He accepts every challenge, environment, and every situation.
3) He has worked in all different designations throughout.
4) He has been given a good pay rise on every job change by every company, which means he is performing decently well.
5) He is a responsible employee/manager who is the reporting manager for a team of his subordinates.
The Plight of Loyal Employees
On the other hand, there is a loyal employee who has been working for the last 15 or 25 years in the same company, which might be his 2nd or 3rd job in life, but who only gets a fraction of those who have had several job hops. Employees who remain loyal to the company are punished by not being given enough pay rise even though they get a good designation. Staying in the same company for 3 years means stagnation, and companies think that such employees are not so talented, lazy to do a job change, or have lost their demand, so they do not get any new job.
Clearly, job hoppers only seem to climb the corporate ladder faster and also win in the short term and long term as compared to loyal and stable ones. No wonder why interviewers ask silly questions like "Why do you want a job change."
I don't know why any employee is not given a pay rise until he gets another high-paying offer from another company. Suddenly, he also receives an offer of equivalent or higher pay from his company to stay back. Here, frequently employees have the question of why their current company is ready to give such a rise which was never offered earlier.
Reasons for Job Changes
Reasons for job changes differ from person to person, but most importantly, it is a higher salary/benefits.
Employees are compelled to hop jobs because of the following reasons:
- Rising expenses and inflation
- Increase of dependents: children, their education fees, old parents, their decreasing health, and increasing medicinal costs
- Home loan or any other liability, and many more...
Many times a person has to leave a job that he loves just because he is not getting enough compensation, but at the same time, he has to fulfill his family's demands, his own wishes, and secure his future.
The Reality of Job Hopping
Nowadays, it is compulsory for any employee to change at least 5-9 jobs before he gets a stable lifelong job where he can work until he retires. Please do not deny this fact as employees change at least 4-7 jobs on average. I have seen not one but several resumes and profiles on Linkedin.com where employees have worked in 8 companies in 10 years, and by inside information, we get to know that they have joined with a whopping salary package. Are these people called "Job Hoppers"? No, in fact, companies call them people with "A Rich Job Experience."
Yes, it is definitely called a Rich Job Experience because he has proved that:
1) He is versatile and can adjust to anything like shifts, long hours, work on holidays, or any job location.
2) He accepts every challenge, environment, and every situation.
3) He has worked in all different designations throughout.
4) He has been given a good pay rise on every job change by every company, which means he is performing decently well.
5) He is a responsible employee/manager who is the reporting manager for a team of his subordinates.
The Plight of Loyal Employees
On the other hand, there is a loyal employee who has been working for the last 15 or 25 years in the same company, which might be his 2nd or 3rd job in life, but who only gets a fraction of those who have had several job hops. Employees who remain loyal to the company are punished by not being given enough pay rise even though they get a good designation. Staying in the same company for 3 years means stagnation, and companies think that such employees are not so talented, lazy to do a job change, or have lost their demand, so they do not get any new job.
Clearly, job hoppers only seem to climb the corporate ladder faster and also win in the short term and long term as compared to loyal and stable ones. No wonder why interviewers ask silly questions like "Why do you want a job change."