Years ago, it was common for people to stay at their jobs
for decades, with many staying at the same company for their entire career. Today
however, bouncing from job to job has become the norm. In a culture when people
are constantly on the lookout for a better opportunity, how long should you be
staying at each company? Thanks to this
article from Wanda Thibodeaux, we can narrow it down to six different categories
of consideration.
1. Cost to your employer
Finding a new worker can be extremely
costly. With expenses like sign-on bonuses, relocation costs and advertising
fees, it's not unusual for a company to spend up between $1,000 and $5,000 to
hire someone. Then you have to consider costs like training, too. One guideline
is to leave only when you've provided a value to the company that is equal to
those fees for your replacement. Otherwise, you're costing the company money,
which can reflect badly on you.
Remember here that the cost of staying
when things stink is much higher than hiring-related expenses. A Harris poll
indicated that the cost of a bad hire was
more than $25,000 for 41 percent of respondents and greater than $50,000 for 25
percent.
2. Smoothness of transition
Employee turnover can disrupt processes
and decrease productivity. If you can help even out wrinkles your exit might
create, such as by assisting with the candidate search or sticking around a few
extra weeks to make sure your replacement is properly trained, your employer
might not think as badly of it if you leave before a year or two.
3. The gig economy and
what you achieved
Traditionally, job hopping on resumes has
suggested that you couldn't find a good fit and weren't able to contribute well.
It's also been seen as rude--companies don't want to be seen as secondary or
only as a stepping stone to something better.
But the gig economy is changing all this.
Temporary and flex workers, who often stay at a company for just a few months,
have become essential to operations, with 2 out of 3
employers say they wouldn't survive without them. They are able to get
jobs by proving over and over again that they stepped up and met unique needs.
If you can do the same thing and
demonstrate your time was truly productive, hiring managers who understand this
workforce shift might cut you some slack if they see shorter job durations.
This is especially true if the industry you are applying in prizes or requires
adaptability and flexibility. Lack of movement in those is more likely to be
perceived as stagnation.
4. Your overall career
vision
In many cases, there's simply no
substitute for having a specific mentor, project experience or training. If
you're getting those things at your current job, it might be worth it to hang
in there a little longer to make sure you have the footing necessary to take
the path you really want. But conversely, some jobs, like that extra weekend
gig you use only to fill a financial hole, don't even need to be on your resume
in the first place. Don't burn important bridges, and at the same time, if you
do your homework/research and see your dream job right in front of you, most
leaders will understand if you reach out and grab it.
5. How the company is
using you
If you were hired to do certain tasks or
projects and your duties have gone completely off the rails, or if you're
sitting around waiting for jobs to do, you're probably worth more and would be
happier at another business. It's fine to leave early if you've already
discussed how you're utilized with management and they're not addressing the
problem.
6. The number of candles
on your birthday cake
If you're younger, leaving a job before
six months to a year has passed can reinforce the negative stereotype that
youthful employees don't have the drive or focus to be serious or considerate.
You might do yourself a favor by staying for a while and showing that you're
grounded. If you've been around the block, many hiring managers are more
lenient. They often assume that, at that point, you've got the life experience
and common sense enough to know what's best for you.
About 68 percent of millennials say the longest they'd stay in
a job they enjoy is three years, and 58 percent say they plan
to stay less than that. 41 percent of millennials expect to be in their
current job for two years or less (compared to 17 percent of Gen X and 10
percent of Boomers).