The trend among Gen Z employees who are increasingly job hopping to achieve significant salary increases. Stories of individuals like Connie and Kayla LaNise highlight this strategy, emphasizing the importance of negotiating salaries and understanding one’s market value. A study from ResumeBuilder supports this trend, showing that a majority of job changers among Gen Z and millennials received salary hikes, sometimes substantial.
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Key Points:Â
- Job Hopping for Higher Salaries: Many Gen Z employees are frequently switching jobs as a strategy to gain substantial salary increases, often moving to positions offering tens of thousands more.
- Study Supports Trend: A study by ResumeBuilder found that 62% of Gen Z and millennials left jobs for higher salaries, with 80% achieving salary increases post-switch, and about 20% gaining over $50,000 more.
- Importance of Negotiation and Market Value: Personal stories highlight the significance of negotiating for higher base salaries and understanding the impact of one’s market value on salary gains.
- Career Progression through Switching Jobs: Individuals like Connie and Qetsiyah demonstrate the effectiveness of job switching in career progression, moving to higher-paying roles through persistent negotiation and self-advocacy.
- Challenges in Salary Negotiation: The article also touches on the challenges faced during salary negotiations, illustrating that while some successfully negotiate higher pay, others encounter firm resistance from recruiters.
Source: https://www.fastcompany.com/90979371/gen-z-employees-pay-raises-job-hopping-bigger-salariesÂ
