Do you feel trapped in a salary that is too low in relation to your skills? You feel you offer a lot to your company, but your salary remains stagnant? you want to increase wage
If your goal is to stay in your current job, you should certainly consider asking for a salary increase. But if this option proves to be a dead end, a second option is available to you: leave.
In France, for many years now, job stability has been considered the holy grail of a career. The permanent contract is set up as a model of success and accomplishment, as opposed to the fixed-term contract or self-employment.
It’s a symbol of “stable” employment, so your parents don’t have to worry about having to help you pay your bills at the end of the month. These clichés that still make life hard for us today didn’t come about by chance.
There was a time when working for dozens or even twenty years for the same company was a sign of success and prosperity. Is this still the case today? The answer seems to be no. And that the best way to get a salary increase is to… leave.
Salary increase: what are the advantages of changing employers?
According to a study conducted by Deloitte and Nomination, French executives would change positions or companies on average after four years of seniority. The reason for this change? They can therefore expect a salary increase of 10 to 15% gross on average.
Even better: for 25% of them, it is a salary increase of more than 20% that awaits them where the grass is greener.
A very attractive percentage compared to current internal rates of increase. In 2019, the average salary increase in France was 2.5% for managers, compared to 2.1% for non-managers. Given that not all employees benefit from an annual increase, the advantage of going elsewhere may seem substantial.
The best way to obtain a salary increase or a promotion would therefore be… to look elsewhere.
Another undeniable advantage: a more important development of consequences for the job-hoppers. By changing jobs more often, you can easily diversify your skills and strengthen your expertise.
Changing jobs frequently: a sign of instability?
Changing jobs every two to three years used to be considered a bad sign on one’s CV. Associates have negative prejudices such as constant dissatisfaction, a lack of skills, or perhaps recurring problems at work, the employer would prefer not to take any risks and choose a candidate they consider loyal and stable.
Today, in most cases, this has changed. Curious to continually learn and continue to develop their skills in new and varied environments, Millennials no longer hesitate to leave their employer in search of new adventures.
Far from a feeling of dissatisfaction, these changes reflect a desire to learn. But also an undeniable ability to get out of one’s comfort zone.
In addition to the possibility of a higher salary increase, the ability to master new skills, new software and to learn innovative and varied work methods has become an undeniable advantage on the job market, which is constantly looking for flexibility.
How often should I change jobs?
Patty McCord, Chief Talent Officer at Netflix, recently recognized the importance of changing jobs regularly, every 3-4 years, in order to continue to learn and grow while remaining profitable for the company.
Although the subject is still debated, there are many parameters to consider before deciding whether changing jobs is a good decision for your future.
Here, the focus is on salary increases in general, but there is no universal answer. Keep in mind that changing every 6 months will inevitably be less well received than changing every 3 years. So be careful not to fall into a frequency of change that is too excessive. Since the expense of hiring and training new employees is substantial, companies will surely be more reluctant to take the risk.
Furthermore, if you are one of those who prefer to change companies regularly, you should know that you must first be able to justify your frequent changes to your potential employer. This will help avoid any prejudices or misguided classifications.
What are the most common motivations for changing jobs?
As we have seen, changing employers frequently can have undeniable advantages in terms of salary increases and career advancement.
It should not be forgotten that the salary is only a part of the benefits offered when joining the company. It is therefore important not to take these benefits lightly, and to know how to recognize their importance. Mutual insurance, provident scheme, company savings plan, variable compensation, parking space, profit-sharing or incentive bonuses…
An attractive “compensation package” can lead to many benefits and long-term savings. Knowing its value on the market and not hesitating to enter into negotiations can make you gain a lot.
You no longer like your current position, but you remain out of fear of instability.
If you do not feel fulfilled in your current position, ask to exchange with your superiors. Together you can discuss possible solutions for your future in the company. If not, it’s time to look elsewhere.
If when asked “where do you see yourself in 2 years”, you shudder at the thought of answering “still in this company, in this position”, it is surely time to move on
Likewise, if the path of evolution does not please you or seems closed, it is certainly time to dare to change. To make the best decision for your future and your career, don’t hesitate to regularly evaluate your value on the job market, as well as your financial situation and stability.