How Job-Hopping Affects Career Growth

Job hopping is becoming more popular among a new generation of young professionals, who have strong internet profiles, are in high demand, and often shift positions. Workers who do this are called job hoppers or job jumpers in the human resources field, and one of their distinguishing features is a continuous desire to climb the corporate ladder.

However, what are the exact causes behind their job-hopping every few months? Among them are the ongoing hunt for new challenges, better income and working conditions, the view of change as a driving force in their life, the sense of independence that comes with not being bound to a firm, and the desire to expand their knowledge. If businesses provide them a comparable circumstance and make it simpler for them to make the internal transition, some may reconsider their status and remain.

Effect on career growth

Professionals who shift positions experience more financial growth than they would have gotten in the same job after a year. After switching, the gain in compensation is greater than the increment they would have earned in the same job after a year. In IT businesses that provide competitive compensation, a typical annual salary increase of 10% to 12% is usual. However, those who change employment may anticipate an increase of around 20% to 25%.

Professionals nowadays are eager to change not just for a higher salary but also for better possibilities. Moving to a new company generally means a promotion. However, does this result in an individual's growth? That is isn't easy to determine.

Whether this results in overall professional development is subjective. The one certainty is that changing employment often may increase financial growth. Too frequent job transitions might have a detrimental effect on a person.

Additionally, it is dependent on the level at which one is operating. For people just beginning their professional careers, switching employment makes sense for various reasons. They may be relocating due to a geographic limitation or seeking more growth and compensation. However, frequent job changes for greater compensation make little sense for a senior until their current job is eliminated. For example, an individual earning Rs 30,000 per month would see a Rs 5000 increase as a favorable opportunity. On the other hand, an increase of this magnitude makes little sense for a person earning more than a lakh a month.

People are increasingly encouraged to jump occupations as and when they need to in the modern-day since the habit of remaining in one job for an extended time is losing relevance. Professionals often change jobs to further their careers. Additionally, job-hopping exposes you to various disciplines, critical for professional development.

Bottom Line

In a nutshell, yes, it does result in quicker financial growth. It makes sense for young professionals attempting to carve out a niche and advance their careers to achieve their goals. The catch is that one must learn in the face of constant change. And this talent differs by person.