Millennials have been known to be the official generation of the job-hop, with some surveys reporting that up to 30% of companies lose newly hired Millennials within a year. For these employees, the temptation of finding something better is too much to pass on, but is it turning employers off? Here’s a look at the postiives and negatives of job hopping:
Negative: Perceived lack of loyalty.
If a potential employer sees you’ve been jumping from job to job for the last few years, the hiring manager may hesitant to bring you on board to only have you around for a year. After all, it costs a company about $15-20k on average to replace a Millennial employee, so why would they be willing to take this risk? No employer is looking for someone with an expiration date, they want long-term employees ready to grow and develop with the company. Be ready to explain your job-hopping days in any interview with valid reasons for why you left each company.
Negative: Missed opportunities.
Some Millennials job-hop in an attempt to move up the corporate ladder, not realizing that by leaving a job, they’re missing out on an opportunity for internal promotions! Many of the leadership roles within big corporations are filled by employees who have been there years and years, and not with employees who have jumped ship after trying out the role for a few months. Once you’ve found a company you’re satisfied with, fight the urge to look for something better and stick around to see if you can find that “something better” within the company!
Positives: Depends on your age…
You may be off the hook from the negative effects of job-hopping depending on your age. It turns out, employers don’t look down on new graduates or younger employees for resumes filled with job-hopping, instead they tend to view it as a young worker taking time to find a job that fits. Once an employee reaches the age of 30, the employers start to frown upon job-hopping and expect the employee to settle down. If your job-hopping days are behind you, have no fear! Future employers will most likely understand hopping from one c-store distributor job to the next was just a phase when looking over your resume.
…and your industry.
In some industries such as IT, hospitality, retail and manufacturing, it’s more accepted to job-hop between careers. Many of these industries are highly competitive with aggressive recruiting tactics and pay raises, so employees often jump ship when a better offer is presented. If you’re heading into an interview with a history of job-hopping in one of these industries, you shouldn’t fear a negative reaction. Be ready to explain that job-hopping is the nature of these industries, and you’re looking to settle down with a career now.
Positive: Add skill sets.
Although job-hopping does have some negative effects on your career, it could also help you develop unique skills that could make you competitive in the job candidate field down the road. If you’re stuck at a job that doesn’t challenge you or present you new opportunities to learn or develop professionally, a job-hop might be just what you need to broaden your knowledge base and add vital skills to your resume for the future. When heading in for an interview, be sure to emphasize not the length of time at each position, but instead the skills you acquired by switching back and forth. Potential employers will forgive your job-hopping if it was all in the name of learning new skills.
Have you been job-hopping in an attempt to get a better position? Find out if you’re suited for a leadership role with this free assessment courtesy of Joel Goldstein!