Job Hopping Staff Get Lower Salaries
Employees who decide to jump from one job to another in order to find higher salaries are actually going the wrong way about it.
A new analysis has found that full time workers who stayed in the same role last year took home more than colleagues who left to find a “new challenge”. Employees who stuck it out received a rise in median earnings of 4.1%, while pay of all full time employees rose by just 0.1% – the lowest since 1997.
A reason for weak wage growth across the board in comparison to those who remained with the same company can be partially explained by the occupation of those who are more likely to be in continuous employment; managers, directors and senior officials. Other reasons could be that long serving employees are more likely to be asked to work overtime or may benefit from a pay progression scale, bonus and other performance related pay.