Is 3 Years at a Job the New 5 Years at a Job?
NEW YORK (TheStreet) -- When it comes to career devotion, is three years the new five? Many experts say "job hopping" -- spending less than a year or two in a position -- isn't quite the resume killer it used to be.
During the Great Recession, many companies were forced to lay off loyal employees who'd devoted 20 or 30 years of their lives to their jobs. Today's workforce saw that happen and realized they have to look out for themselves first. As a result, there's less of an expectation of loyalty all around, says Mary Hobson, executive vice president at recruiting firm EFL Associates.
"We have seen a change in the expectation of the traditional company/employee relationship," Hobson says. "For several years, we had people taking any job they could get, and that reduced the expectation of a longer-term relationship."
Because for several years people were snagging any job that could pay the bills, many began looking for a new, better job more applicable to their skill set almost from the minute they were hired, says Julie Hochheiser Ilkovich, career expert and co-founder of Masthead Media."They knew the first day on the job, 'This is not the job for me,' and they started looking," Ilkovich says. People realized, "No company is going to watch out for me -- I have to watch out for myself," and now, as soon as people are unhappy, they start looking -- they start taking control of their career, she says, "People have more of an entrepreneurial spirit when it comes to finding a job. They are trying to be successful the best way they can," she says.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV