For most of us, the very thought of staying in the same job for more than five years is unthinkable, even unacceptable. The time horizon that we usually have in our mind is a period of about 3-4 years in most jobs. A number of studies that we have read over multiple media platforms have shown us that over the last decade the average numbers of years that individuals have stayed put in the same company has been steadily on the decline, irrespective of levels of seniority.
When we looked at the newest data from the U.S. Bureau of Labor Statistics, released in mid-September, what we found was quite alarming.
As of January 2012, the median time that wage and salary workers in the U.S. had been with their current employers was just 4.6 years. Other recent data points are equally disturbing: The staffing company Randstad says that 40% of employees are planning to look for a new job within the next six months. Another survey notes that 69% of employees are already at least passively shopping for new job opportunities via social media today.
Clearly, statistics show the majority of employees at every level are unhappy enough in their current positions to be actively or at least passively considering new jobs.
As business owners, we have big incentives to do all we can to keep our talented people around. But beyond our own motives, we think it's often good for employees to stick around, too.
Here are the 10 reasons why we think executives and employees need to think carefully before making a jump:
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