Stability and loyalty are often looked into, especially when it comes to a career. Sure, there are always routes like becoming a freelancer or opening up your own business, but not everyone wants that. Technically, there is more stability in if you have a standard 9 to 5 job, and you don’t need to worry about client loyalty or anything like that. However, while there are perks to staying in one job or at least one company, something that’s very Boomer-centric, it’s not always helpful. In fact, this can actually do more harm than good.
Nowadays, recruiters want people who are job hopping; it proves you’re not easily set on certain ways, and it can even help you out financially, too. So maybe staying at your current job is hurting you more than it actually is helping. So, with that said, here are some reasons why staying in the same job can actually hurt your future and even hurt you financially.
There’s Going to be Limited Income Growth
The longer you stay at a company, the harder it actually is to get a raise- shocking, right? In fact, that new coworker you have is most likely making even more than you are and is doing less work. While most employers offer annual raises, these increases are often modest and may not keep pace with inflation or your increasing financial responsibilities. Changing jobs or seeking new opportunities can lead to higher salary offers and better compensation packages.
Sure, you can negotiate, but employers begin to treat you poorly because you’re expecting a raise. But if you’re jumping into a new job, they want you, they want to hire you, and they’re willing to negotiate to have you. Once they have you, they’re not going to bother negotiating because they have you.
Higher Chances of Being Mistreated
Most people think if they’re a new person at the office, they might get more flack. Sure, in some office cultures, that’s how it is, but it’s usually people who have been there because there’s this assumption of the employee establishing their loyalty. This means that employers will mistreat you the longer you’re there, and they’re expecting you to be loyal and deal with it. It’s horrible, and no one should ever put up with it. if you’re having the idea you’re being discriminated against, then chances are, you are. So, in cases like this, it’s best to partner up and get discrimination solicitors to help you out.
Eroded Negotiation Power
This was somewhat already mentioned before, but it’s best to go into a bit more detail about this. If you’ve been with the same employer for many years, you may find that your negotiation power has diminished. You’d think the longer you’d be there, the more power you’d have, but it’s really not the case. New job offers often come with more leverage for salary negotiations and better benefits packages. As an employee who has worked there for years, you’re just not going to get that same privilege. So this means you’re limited, and you might not even be taken seriously with negotiating either.