With Fewer Promotions, Job Changes Surge Among Employees Over the Past 5 Years!
Nicolas BEHBAHANI
Global People Analytics & HR Data Leader - People & Culture | Strategical People Analytics Design
?? 65% of people have changed jobs in the last 5 years, whether moving internally or switching employers.
?? 58% of people have switched employers in the last 5 years. This group switched employers an average of 2.7 times in the last 5 years.
?? On average, people stay with their current employer for 4.53 years and change jobs, whether through promotion or by leaving, approximately every 2 years and 10 months.?
Changing jobs can be a fantastic way to advance your career, and shouldn’t necessarily be seen as a last resort, according to a new interesting research published by Kickresume using data ?? from a randomly selected 1,250 US LinkedIn profiles from various?towns and cities?across different US regions.
?Decline in Promotions Drives Employees to Seek New Employers
Researchers observed that among the 1,000+ LinkedIn profiles analyzed in this study, only 17% of employees have received promotions since 2019.
? Various factors could be at play, such as budget constraints or limited promotion opportunities within companies.
?? However, the overall trend indicates a reluctance among companies to promote their workers.
Researchers highlighted that aiming for a promotion offers numerous benefits for both employees and employers. When employees receive a promotion, they gain career advancement, a title upgrade, and often a pay rise, all without the hassle of changing jobs. These employees remain in their familiar work environment, with the same coworkers, and within a company they know well.
?? For employers, this reduces the need to search for new employees and lowers the cost of replacements.
?US Employees Favor Role and Employer Changes
Researchers discovered that 65% of individuals have changed jobs, either through internal moves or by joining new companies.
Among those who switched jobs, the majority chose to change employers entirely after an average of 1 year and 5 months.
On average, people stay with their current employer for 4.53 years and change jobs, whether through promotion or by leaving, approximately every 2 years and 10 months.?
In other words, , 150 people had 232 promotions in the last 5 years, meaning that multiple people were offered multiple promotions at their current employer.
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?? Researchers have finally shared three essential tips for employees seeking new job opportunities:
?? Make sure you have a fantastic resume
One of the major things to do when you begin looking for a new role is to update and?improve your resume.?You should make sure to include all the relevant skills and experience that you’ve picked up in your current role, and it should be formatted in a way that's easy for employers to read. A good resume can make all the difference in your job search.
?? Narrow down your applications
Applying to many different jobs across your industry that may not be all that relevant might not be the best way to land a new job. Quality applications take a fairly long time to complete, and this also depends on the processes for each business. With that being said,?applying to too many jobs?could waste your time, prolonging the search. It’s best to be selective and focus on creating a few quality applications.
?? Upskill
Another way to elevate your job search is to improve your current skill set through upskilling. This is especially crucial if you feel like there are gaps in your knowledge, or you’re looking to move into a different kind of role than the one you have now. One way you can do this is by taking online courses to showcase on your resume and/or LinkedIn profile.
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This intriguing study on US employees uncovered notable patterns in career trends within companies. The findings suggest that if a promotion isn’t forthcoming, seeking opportunities elsewhere might be more advantageous. Changing jobs can be an excellent way to advance one’s career and shouldn’t be viewed as a last resort. However, employees should consider various factors such as the flexibility offered by new companies, compensation, and other benefits.
??Thank you Kickresume researchers team for sharing these insightful findings:
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Fractional CHRO | HR Consultant | People & Culture | Change Management |Talent Management
2 个月Thanks Nicolas BEHBAHANI for sharing research based figures and patterns for career advancement, retention by the companies and overall career landscape. Companies should focus on internal movements for the employees to stay. For new employees, mental comfort in terms of giving more time to absorb and digest is important. Setting the goals and targets in the first few weeks highly damaging. New employees are struggling to adjust and at the same time, pressure by the management is being built for the new hires to complete certain tasks bound by time. Create more flexibility and comfort for the new employees to learn, adjust, bring new ideas, build relationships and so on. It is how the culture is terms as positive, productive and caring.
Human Resource Professional | MBA | Coporate Recruiting Professional- ASA | Ex-Wirtgen Group,A John Deere Company
2 个月Insightful research! It’s evident that job mobility is on the rise, with employees increasingly prioritizing career advancement through new roles rather than waiting for internal promotions. To retain top talent, organizations must create meaningful opportunities for growth within. This isn’t just about promotions—it’s about demonstrating that employees can achieve career progression without leaving. This research prompts both companies and professionals to reimagine the importance of longevity, loyalty, and continuous growth. Three key takeaways for me from this research: 1. Changing jobs is no longer a fallback—it’s a strategic move for career growth. 2. Upskilling is a career superpower—adaptability is essential in today’s fast-paced job market. 3. Employers must innovate internal growth strategies to attract and retain top talent in a competitive landscape. Thank you for sharing!
Vivo Team is the ONLY digital L&D company that uses unique, internationally award-winning processes and analytics to build your company into one that is winning in the marketplace with people & profits.
2 个月Nicolas thank you for this research that adds to my knowledge. Reading all you stuff for the last number of months it seems to me paint a very bleak picture of how companies are making people decisions. I remember seeing a video by Dave Ullrich about board meeting agenda's which I think would apply to Exec.Meets to: 1. Review the numbers 2. Check the strategy movement 3. People I guess neither boards nor exec.'s do not get to or do badly because if I was a CEO, CFO I'd be shaking in my boots at how inefficiently we are handling our most precious resource - people and its cost. Its like leaving your house completely open, going away for a month only to find it emptied and now you have to buy all new furniture.! Thoughts.? Jim
| Consultor RR.HH. | Mentor Organizacional | Formación | Coach Empresarial | Profesional Senior de Recursos Humanos | Interim Management
2 个月Very interesting post #Nicolas BEHBAHANI. In my opinion, should not be underestimated external elements such as the economic cycle, special circumstances (e.g. pandemic and post-pandemic) or the information that employees receive about economic and political news. These external circunstances can influence in employees decisions about job changes.
Industry Veteran | Exploring Future of Work | Great Manager’s Coach & Mentor
2 个月Absolutely fascinating insights on the shifting landscape of career mobility! Nicolas BEHBAHANI. ?? With 65% of employees changing jobs in the last five years, it's clear that the winds of change are blowing strong. ??? ?? Gone are the days of hierarchical structures & endless promotions - "Horizontal is the new Vertical". ??♂? Companies should adopt a "Buy (adding new knowledge, youth) vs. Build (Culture fit)" policy & philosophy (& don't forget to Borrow sometimes). By fostering a culture of internal promotion & balancing this approach, companies can retain top talent while still bringing in fresh perspectives. ?? Thank you, Kickresume researchers, for shedding light on these pivotal trends. ???? ? C- Approach - Clear Career Paths, Continuous Learning & Development, Care for their wellness, Connect with Industry, Coaching, Celebrating achievements.