How Job Hopping can affect your Career or Business badly

1
How Job Hopping can a?ect your Career or
Business badly
3/22/2021
How Job Hopping can affect your Career or
Business badly
blog.onsurity.com (https//blog.onsurity.com/job-h
opping/) by Editorial Sta?
How often do you switch jobs? Ask someone over 60
and the answer is likely to be met with a laugh.
For millennials and Gen Z though, its just a part
of life. Because of a large job market and
variety in roles, job hopping has become a
popular trend today. Younger employees ?nd it
perfectly acceptable to shift from company to
company, but did you know that it isnt always a
good thing? Whether you are an employee or an
employer, job hopping has severe repercussions
over the long term. Thats why it is vital for
both businesses and employees to stay. Now days,
it is very common for employees to move on after
a year or two. Job hopping is popular for many
reasons, most importantly salary. Employees tend
to move quickly if they get better o?ers
elsewhere. Other reasons job hopping is popular
is lack of recognition, unhealthy work-life
balance, bad company culture and a loss of faith
in a companys goals and vision. Regular job
hopping though comes with serious consequences,
some that employees and businesses will feel
much later. Its easy to justify jumping now,
but in the long run it becomes harder.
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3/22/2021
How Job Hopping can affect your Career or
Business badly
Why Job Hopping is Bad for Employees Limited
Learning On average, it takes an employee 12-16
months to fully learn their job. No matter what
your role, you cant be an expert in just a few
months. If you are job hopping regularly, you are
likely to limit your learning. Lack of
Expertise Limited learning leads to a lack of
perceived expertise. Even if you have mastered
your previous role, you wont always get an
option to showcase that. Your CV can be rejected
before you even get an interview, with employers
thinking you cant handle the role. Limits
Growth If employers think you dont have the
expertise, you are likely to ?nd it hard to jump
up the career ladder. Getting a more senior
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3/22/2021
How Job Hopping can affect your Career or
Business badly
role becomes increasingly di?cult, limiting your
career prospects. Weakens the Resume If youve
got a CV with 5-6 jobs on it in a very short
time span, employers are less likely to hire you.
Not only will you be seen as inexperienced, but
also disloyal. Job Security Someone seen as not
committed will be the ?rst to go when there are
layo?s. Regular job hopping leads to poor job
security, which isnt good for your mental
health. E?ects of Job Hopping on Employers Its
not just employees, employers too su?er from
regular job hopping. For one, if employees keep
leaving your company, it can be hard to build a
reliable core team. Every business needs a core
to drive innovation and growth. The core team
isnt just the CEO but includes heads of all the
departments. They act as the glue that brings
the wider company together. Without a core team,
a company is very unlikely you will be able to
stay competitive for long. That is more damaging
for for SMEs and startups, where job hopping is
more common. Another reason job hopping is bad is
that job hopping is expensive. Employee turnover
has a huge ?nancial impact, which can sink a
small business with limited resources. Thats
because you have to bear the costs for recruiters
(if you use third-party ones), costs for
interviewing and hiring candidates and then
training them. According to GA Partners
(https//www.gnapartners.com/resources/articles/ho
w-much-does-employee- turnover-really-cost-your-
businesstextThe20average20cost20to20repl
ace20a20termi nated20employee,about205020per
cent20of20that20employee E28099s20annual2
0salary.), replacing an entry level candidate can
cost up to 50 of his/her annual salary, and up
to 150 for a senior supervisor.
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3/22/2021
How Job Hopping can affect your Career or
Business badly
As a business, it is vital you ?nd ways to get
your employees to stay. Just o?ering a good
salary isnt enough. It will keep some employees,
but others will ?nd reasons to leave. Thats why
you need to pay attention to your employee
experience. Ensuring you have a positive company
culture is just one of the many things you can
do to limit job hopping. Here are a few
others Be More Transparent Show your employees
that they are valued assets. Listen to their
issues, and work with them to resolve it. Its
also important you share everything with the
company, from successes to failures. Thats how
you build a transparent company
culture. Recognize Achievements Even if it is
something small, ensure that you recognise an
employees achievements. A certi?cate, shoutout
on social media, an Amazon voucher or even a
company-wide mail are some e?ective ways to do
so. Ensure Work-Life Balance Nobody wants to be
working all the time. Ensure your employees can
go home and not have to worry about work till
they show up the next day. Giving them time to
switch o? will help ease the pressure, making it
more likely that they will stay. Advertise
Truthfully When advertising for a role, make
sure you represent the company and the job as
truthfully as possible. Nothing annoys employees
more than learning that they have to do something
they didnt sign up to or arent quali?ed to do.
It will reduce job hopping drastically. Provide
Employee Healthcare Bene?ts Take care of your
employees by providing employee healthcare
plans. A healthcare membership is a good way to
show your team that you care about their
wellbeing, which is likely to reduce job hopping
and increase loyalty. Looking for a?ordable
employee healthcare (https//blog.onsurity.com/em
ployee-healthcare-bene?ts-to-children/) for
startups and SMEs? Why not check out Onsurity?
Onsuritys employee healthcare plans are a great
way to take care of your team, giving them more
reasons to stay. Click on the button below.
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5
3/22/2021
How Job Hopping can affect your Career or
Business badly
blog.onsurity.com (https//blog.onsurity.com/job-h
opping/) by Editorial Sta?
https//www.instapaper.com/read/1397282084