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Weekly Tip #33: How Long is Too Long? When to Consider Changing Your Employer
After a few years, your job may feel as comfortable as an old pair of slippers. But keep in mind the considerable cost of staying too long:
- Due to the Covid disruption, all industries have been forced to reconsider their compensation and benefits packages. This makes it an ideal time to consider a move.
- Most companies limit annual raises to under 5% – slowly you may have fallen behind the average pay scale for your position.
- Unless your employer is an industry leader, you may be falling behind in your peers in innovation knowledge and skills.
- Even if you are a promotion fast-track, you may be a big fish in a small pond with a one-company philosophy and a narrow network.
You can be safe, or you can be special. Now might be the perfect time to make a move and boost your career momentum.