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4 Benefits of Job Hopping

July 26, 2021 by Vicky Monroe

Benefits of Job Hopping

Job hopping used to be viewed negatively until recently. Employers thought workers who switched jobs often were disloyal and unreliable. But as job hopping has entered the mainstream, many businesses have become more open to hiring employees with varied work experience.

Now that changing jobs frequently isn’t a career ender, workers have been enjoying the benefits of job hopping. According to a recent survey, 64% of workers prefer job hopping to staying in one place. And 75% of employees under 34 believe that moving around every few years will help them advance their careers.

If you’re considering trying out this new career trend, here are some of the advantages of changing jobs instead of staying put.

Benefits of Job Hopping

Grow Your Income

Switching jobs every two or three years is one of the quickest, easiest ways to grow your income. If you stay at the same company, you may only get a 3% annual raise. But by switching jobs, you can increase your salary by 10% to 20% each time.

After a few years of jumping around, you could double your salary, enabling you to save more and enjoy a better lifestyle. This is one of the main benefits of job hopping, but there are more.

Expand Your Network

If you stay at one company for years and work with the same people every day, it can be hard to expand your network. You might have to attend industry conferences or networking events in order to meet new people. But when you change jobs frequently, you can easily gain contacts at every new company you work at without going out of your way.

Having a strong professional network is key to career success and can open up new job and mentorship opportunities you may not get otherwise. So it’s important to prioritize networking, and job hopping can help you do it.

Experience Different Company Cultures

Every business has a different operating style and unique company culture. Even if you stay in the same industry, working for a another employer will give you a new, exciting work experience. If you’re bored at work and feel stuck in a rut, changing jobs may be the reset you need to reignite your passion for what you do.

Job hopping also enables you to figure out what type of company is right for you. Do you like small, tight-knit companies or large organizations? Do you prefer to work from home or in an office? You’ll be able to get the answers to those questions by trying out roles in different companies and seeing what feels right.

Gain Skills

Working the same job with the same set of responsibilities for years can make it harder to gain new professional skills. Although it’s possible to further your education outside of work, you may not have the time or energy to upskill on your days off.

Moving on to a more challenging role can help you learn hard and soft skills on the job and get valuable work experience. Growing your knowledge base will make you an asset to any company you work for and help you get those raises and promotions you’ve been wanting.

When done correctly, job hopping can help you advance your career, earn more, and feel happier at work. So even if you haven’t been at your current company for long, it may not be a bad idea to remain open to new opportunities.

Read More

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Check out these helpful tools to help you save more. For investing advice, visit The Motley Fool.

Vicky Monroe
Vicky Monroe

Vicky Monroe is a freelance personal finance and lifestyle writer. When she’s not busy writing about her favorite money saving hacks or tinkering with her budget spreadsheets, she likes to travel, garden, and cook healthy vegetarian meals.

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