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"Job Hopping" is the New Norm in the Nomad Economy.

By Chloe Whitelock

The way in which the younger generations augment their careers is changing.

In the latest figures, "workers are switching their roles nearly 50 percent faster than they swap their cars. Indeed, the average job tenure in the United States has dropped to 4.2 years, according to data analysis by the Bureau of Labor Statistics (BLS). That is down from 4.6 years just five years ago and continues a long-term decline."


So this is a US article and based on US figures, however, I'd be surprised if the UK was too far astray from this pattern.

Attitudes in the UK are certainly starting to adjust to job hopping being more acceptable in my opinion, so if you're reading this and wondering if it's too soon to look for a new job, the answer might be more positive than traditional values you've grown up with.

This article really struck a chord after talking to some pretty impressive people who have had great careers with one employer.

Sure, they've had a rocket-fuelled career growth with a great business and achieved plenty on some awesome brands, but they were surprised to hear me say...

"If you don't leave now, you might never get out at all."

So how long is too long in a job now?

There's no right or wrong answer for this and of course, there's plenty of allowing for individual circumstances, but you can reap some of the rewards of switching jobs sooner.

As long as your reasons are not just purely financially based, there's justification in switching employers for advancement, on a professional, personal or circumstantial basis.

Do have a read of the article and related links below.

Call it the “nomad economy,” where an increasing number of highly skilled employees are broadening themselves by taking on new professional challenges every couple of years. The trend is impacting how workers need to manage their professional lives as well as how organisations should hire and get the most out of them. “Certainly, it has become increasingly uncommon for people to have lifetime or decade-plus tenures at companies,” says Dorie Clark, author of Entrepreneurial You Workers need to drop assumptions around pay. By staying in-house, workers can expect typical pay bumps of around 1 to 2 percent, after accounting for inflation. However, changing companies or careers could change those dollar figures dramatically—both up and down. The good news is that any short-term hit to pay can be counteracted by picking up new skills. “If over three or six months you develop a valuable new skill that the marketplace rewards, like learning a new programming language that is in hot demand, then you can name your price,” Clark says.

Read the original article here
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