Wonsulting Newsletter #11: Is company loyalty... Bad? Job-hopping, explained.

Jonathan here, sharing a piece of advice that could shift the way you navigate your career journey. 

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Let's talk about something many of us were never prepared for when we entered the corporate world: the paradox of loyalty.

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Ok ok - now, Kobe Bryant’s loyalty to the lakers is unmatched and different than company loyalty (and if you’re thinking of job hopping / finding your next role, I got you by clicking here).

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Let’s break it down.

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Traditionally, loyalty is regarded as a virtue. However, in the corporate landscape, being too loyal to a company can sometimes hinder rather than help your career. Surprising, isn't it? 

And you now what’s more surprising? According to this CNBC article in January 2023, 96% of workers are looking for a new job  in 2023…

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So why is job hopping becoming a trend that you should potentially consider following?

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• Increase of compensation: Companies often have larger budgets for incoming employees compared to raises for existing personnel. This means that the longer you stay, the more likely you are to be underpaid relative to your value.
• Higher-level positions: Been at your current company for 3 years and haven’t been promoted? If you jump to another company after a year, you could potentially go one level higher depending on the role you’re going for! (Ex: Analyst -> Senior Analyst)

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If you've been feeling underpaid and undervalued, consider this your sign to explore new opportunities. Sometimes, the most effective way to get a significant salary boost is to switch jobs, even if that means joining a competitor…

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It’s how I went from a compensation of ~$40k at Snapchat to ~120k at Cisco in 2 years.

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This isn't about disloyalty; it's about knowing your worth and taking steps to ensure you're compensated fairly for your skills and experience. 

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So, if you've been contemplating a job switch, maybe now's the time.

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Good luck, and remember: you deserve to be paid fairly for the value you bring!

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Until next time,

Jonathan Javier

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Need more help? Our 1:1 services could be a good fit for you! With 90% of our clients land interviews within 3 months and 70% land offers in 6 months, it’s only a matter of time until you land that job you’ve always dreamed of.

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If you need help in making that decision, sign-up to speak to our team. We’ll help you turn from an underdog into a winner.