Job-hopping for higher pay may offer a short-term gain, but it can be detrimental to your career in the long term, and even negatively impact your personal brand in the jobs market, warns recruiting expert Hays in Singapore.
The job-for-life culture is long gone, but it seems that some candidates have gone one step too far with a rapid succession of jobs.
There are also cases of candidates accepting a job but then withdrawing before the start date to commence another job that offers only a very slight increase in salary.
Money is the motivating factor for these candidates, but this is a short-term gain. Employers are now starting to pass over candidates who have held three or four permanent jobs over the past six years.
Given not only the cost but time involved in inducting and training a new staff member, employers want to hire a stable and loyal candidate rather than take a risk on a candidate who is likely to resign after only a short time in the role.
So rather than progressing quickly through a series of jobs offering a slight salary increase, Hays advises candidates to instead focus on their long-term career.
Think about your career goals and look for opportunities that will develop your career in the direction you want. In this way, you will expand your skills and expertise and ultimately achieve your long-term career goals.
This will also ensure that your personal brand in the market remains positive since you will gain a reputation of loyalty.
It is also worth considering that as a result of your expanding expertise, your salary will naturally rise over time.
If you are unsure of how to plan for your long-term career, it is a good idea to create a “career map”. Here’s how:
Examine your current role. Write down your job title, salary and benefits, key responsibilities, existing skills, future prospects and potential for skill development.
Consider your long-term goals. List at least five goals and a date by which to achieve each. Make sure each goal is specific, challenging, realistically achievable, actionable and measurable.
Plan for your career future. For each of the next one, three and five years, list the job title and salary/benefits you wish to achieve, the responsibilities you would like to take on and skills required to achieve your goals.
Create a detailed action plan. Determine the objectives and skills you need to achieve each of your one, three and five-year career goals.
Determine how you will go about successfully achieving each goal. For example, could you chair meetings, manage projects or train others in an area of proficiency?
Could you seek a mentor, attend short courses or workshops or learn by watching the high-performers in your company or industry?
By drawing up a career map in four steps, you can see at a glance what you want to achieve in the future and how to get there.