Jeff Altman, The Big Game Hunter explains why it’s critical for you to make strategic job changes periodically to get ahead.
I want to talk with you about the fact that you really need to change jobs from time to time. The system is set up to keep you in a tough position financially.
Think about it. If you stay in one organization, most people are going to get very modest salary increases. When you're the junior level, they may give you $5000 or $10,000. That may sound like a big percentage when you are making $50,000. They may say it is a 10% or 20% increase... But think about it. Archer costs going up even more? Isn't the government taking more in taxes? You are basically standing still.
When you become more experienced in the percentage increase comes down a lot (many individuals are getting 2%, 3% or 4% increases), even at that $50,000 level, haven't you noticed your insurance premiums have increased? Haven't you noticed that everything your bind cost a lot more than it used to? Movie tickets are going up?
Financially, the system is really set up to force you to change jobs. If you are getting that 3%, 4% or 5% raise, how do you get ahead financially?
Here's some simple math. If you change jobs as a $50,000 your person, and you change jobs for another $5000, if you didn't change jobs again, over the next 5 years receive the same modest increase of 3% or 4%, you probably be ahead by about $27,000 pretax. By changing jobs one time and staying there for 5 years, this is where you would pay.
If you change jobs one time and 3 years into your tenure with this 1 firm, you change jobs again, you would be $35,000 ahead pretax even though in the way that I've explained this you did not get a raise during that five-year period of time. I'm not saying that $5000 Is is a big increase. Obviously, it isn't.
But let's look at $10,000 or $15,000 increases and see what happens. If you get a $10,000 raise for changing jobs and stay there for 5 years, you would be about $53,000 ahead Given that modest 3% or 4% increase. If you changed jobs a 2nd time, you be about $74,000 or $75,000 ahead. How can you stay still at your current organization within give you a 3% decrease when they are just telling you that you are doing great work? That handshake they give you is not going to pay your bills when they start increasing!
My advice to you is to be smart.. Do what organizations do when they start establishing a budget. When things get tough, they do what's right for the stockholders and for the Board of Directors and they cut jobs, right? They look out for the business interests and, if that involves you, tough luck. You have to look out for the Board of Directors for your organization. "Atta boys," and, "Atta girls,"
"You're doing a great job. We're going to give you a promotion. You're doing great work."
I've got to tell you that other firms will have you do great work, too. AND you will make a lot more money.
My advice to you is to be smart and start looking for something else from time to time and if you just want to keep your profile up to date on LinkedIn and attract recruiters to it, think of it like a resume with keywords.
Jeff Altman, The Big Game Hunter is a coach who worked as a recruiter for what seems like one hundred years. His work involves life coaching, as well as executive job search coaching and business life coaching. He is the host of “Job Search Radio” and “No BS Job Search Advice Radio,” both available through iTunes and Stitcher.
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