What are the benefits of changing jobs?
Many employed professionals are choosing to take roles with a different employer rather than seeking job growth within their current organization.
In past generations, people who otherwise would have switched jobs instead chose to stay with their current employer because they assumed too much job-hopping on a resume could make them appear fickle or disloyal. However, as Millennials become the workforce majority and take on more leadership roles, and Gen Z enters the labor force, perceptions about job-hopping are rapidly changing.
There are several reasons you might choose to pursue an opportunity with a different employer. And while competition varies between job types and industries, a stronger job market generally means you’ll have a better advantage when it comes time to negotiate an offer.
1. Better jobs offers.
To bring in the talent they need, many employers are open to increasing pay, improving benefits and even loosening job requirements such as years of experience or level of education.
2. More opportunities.
Because the number of new hires with less than a college degree has increased, you may also be better positioned to earn roles that traditionally have higher barriers to entry in weaker economic conditions.
3. Increased earning potential.
In many cases, job switching is an excellent time to increase your earning potential. Or, if you’re open to remaining with your current employer, the hiring boom and growing competition can strengthen your bargaining power when asking for a raise or promotion.
Of course, many workers also switch jobs for reasons other than earning more money.
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