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Job Hopping
06-24-2017, 12:03 PM
We all know that job hopping is the best way to get a raise. But how much is too much?
Is one year at each job a good amount of time? I'm early in my career and finding it possible to make huge jumps by leaving, while my current company thinks they can "figure out a way to increase comp package next year" (maybe, probably not).
Worse, knowing you can do the next role but keeping you where you are because the company needs someone there.
I'm always interviewing and will probably start actively interviewing here soon to know my market value, but how much is too much?
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Job Hopping
06-24-2017, 12:18 PM
I don't think it matters much as long as you can sell it. 1 year is more than OK.
It's funny to me how corporations don't repay loyalty. I mean a pay raise of 1 to 4% for the same position is almost like an insult. Nowadays, they seem to value new hires a lot, even internal promotions don't really add up to significant pay raises. You can get 10-20% extra while a competitor will give you 40-50%.
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Job Hopping
06-24-2017, 02:23 PM
At an early age, 1 year is ok.
One can also omit positions from one's resume, if push comes to shove.
One thing though - when you hop, think about the next position after the one you are taking.
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Job Hopping
06-25-2017, 01:12 AM
If we're talking job hopping purely for compensation, depends on how much the raise is. 50% and all else is equal? Skip town every fucking time. I don't care if you started yesterday. But I wouldn't bounce for a 10% raise.
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Job Hopping
06-25-2017, 05:28 AM
Depends on the competition as well. If you're in a small niche industry and there are only 4-6 players in town....you won't be able to hop around much in the future. My previous company had a 20% market share in my previous city, but in some places it had 60+%. The competitors were so small, it was a joke.
So this brings the next point, don't hop around much to where you are burning bridges. Some industries are small and word will get around.
When you're starting, I would say a year is acceptable. You will learn the rules in 3 months, the job in 6, and finally "add" value from month 6-12. Good thing you asked, I've seen some resumes out there where the guy has 2-8 months in each job. It only made me wonder how this dude had 6 different jobs in 3-4 years.
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Job Hopping
06-25-2017, 09:52 AM
Keep looking until you find a combination of high salary and good work conditions. Don't worry about what other employers think about your job hopping history, particularly in early years of your career.
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Job Hopping
06-25-2017, 02:03 PM
Just to provide some perspective from the other side - I work at a very small law firm, and we recently decided to pass on an otherwise qualified candidate (she had about fifteen years experience) because she never stayed at any position for more than 1.5 years. However, she's been hopping around for fifteen years - her resume was extremely long, and she said that her ability to work for numerous employers allowed her to learn from many mentors, be exposed to a myriad of different work situations, etc.
My partners weren't having it - they liked her, but said she was too much of a liability - we would spend time training her, and then she would bounce on us.
I think for someone just starting out though (or for the first maybe five years of your career) if you have a good reason for every job hop - you are good.
Keep in mind the experience above is from a small / boutique, so we value loyalty more than a large company would (I've never really worked in a very large company, so don't know how hiring decisions are made).
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Job Hopping
06-25-2017, 02:18 PM
I would only jump if the bump in pay was at least 20%. Try for 25% or more. But this is an old HR rule of thumb, so often times their offer will be exactly 20% over where you are now.
20% shouldn't be hard. You likely have relevant experience and if you have been with your current firm for any amount of time you are probably underpaid.
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Job Hopping
06-25-2017, 03:33 PM
I worked as a Recruiter for many years. When I had to hire someone for a position requiring 10 years of experience, some Managers would prefer a candidate who only had 2 jobs (5 years at each place, because it shows more stability). Others would prefer someone with 5 jobs (2 years each place), because they've experienced different environments.
Don't worry too much about it when you're young. When you get older, you'll probably omit some jobs you've had to make yourself look more stable, and to adapt your CV for the job you'll apply to (it's perfectly fine to do so, just be honest if they ask you "did you have other jobs that you didn't include on your resume?").
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Job Hopping
06-25-2017, 04:25 PM
With most jobs, you are net negative for the first 3-6 months, and net break-even for an employer is generally not before one year in.
Cost of switching is also lower when you're young in career and more in processing roles.
A 100% pay raise is a no brainer, though. Keep in in mind that when interviewing, I usually word it as "I was happy but a recruiter reached out for my excellent skill set / background and the opportunities for personal development at the new job were too good to ignore."
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Job Hopping
07-05-2017, 04:44 PM
Ok I need some advice.
I currently make 50-100k to keep it broad. The new job pays about double that.
My first job ever was at 9 mo before I changed industries, and I've been here almost six.
Do I jump and risk being a job hopper (or take the 1st job off my resume?).
I feel like a 50-70k raise is too much to not go there for...
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Job Hopping
07-05-2017, 05:19 PM
Take the new job, who cares if you're labeled a job hopper for taking a new position that's around 150,000. You can stick it out there for 3 years plus and then decide if you want to move again. If you sit on one job long enough the prior moves kind of disappear
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Job Hopping
07-05-2017, 06:51 PM
Always step up if you have the chance, as long as its a decent increase, not just 10% etc
If changing jobs affects your ability to step up, then you won't be able to change jobs for a while.
At least you are on the highest pay you can get, instead of lingering on a lowe paid job for an imagined fear the effect of change will have.
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Job Hopping
07-05-2017, 10:18 PM
The choice is yours. You are the driver. You can drive your ship to wherever you want today, tomorrow, or for a while
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Job Hopping
07-06-2017, 02:48 PM
In certain industries they won't move forward unless you disclose your comp, especially if a head hunter is involved. And you can't lie because at the finish line the background screen will require you to consent to them talking to your employer.
The ultimate job hop is to hop to learn skills and then work for yourself.
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Job Hopping
07-06-2017, 03:40 PM
Also some background checks include a credit report which discloses your income.
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Job Hopping
07-07-2017, 07:38 AM
^^^
Ok that makes sense from the point of view of the company.
Here in EU of course you disclose your previous company and they will call to make sure you worked there.
However I highly doubt the previous employer would disclose your salary. Employees salaries are part of the corporate secret. Having your competitors know how much you pay your employees is not a very good idea.
Actually, not even my managers know my salary. If I told them, or they asked for it, that would be a serious breach of contract.
I think there are maybe 2 people in HR that have access to salary data, most HR people can't even know. They know a very rough salary band, like "senior engineer with 5-10 years of experience is in band C, which is between 60k and 120k per year. That's all they know.
It's scary that my bank history could be publicly accessible like that. I know that the government could force my bank to tell them, and I hate the idea.
But a private company? Fuck no!