Job Hopping: The Pros and Cons

(Originally Published on by Matt Tarpey)

... Pro: You can attain a higher salary
Another attractive upside to job hopping is the opportunity to quickly increase your personal take-home. Savvy job hoppers understand that the pay-bump associated with accepting a new job usually outpaces the typical salary raise long-term employees can expect.

“When people switch jobs and are able to negotiate new packages, they can get anywhere from a 10-20 percent increase in salary and benefits,” says Rachel Ritlop, career and business coach. “Whereas, if you stay at the same job year after year, you can expect a typical more standardized annual raise between 1-5 percent. You will basically be leaving money on the table.”

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Rachel Ritlop