Why do you change jobs?

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Before you start preparing for that job interview, it's helpful to understand why job hopping is so common.

Let's look at some of the main motivations for these frequent changes.

1. Professional growth: Search for better opportunities or higher salaries
According to a report by the Federal Reserve Bank of Atlanta, nearly half of those unemployed in 2022 saw their wages outpace inflation. In contrast, less than half of those who remained with the same company received increases in line with rising costs.

To put this into perspective, nearly one in four Gen Zers who changed jobs saw their income increase by $50,000 over five years.

However, changing jobs is not just about salary.

For many, it is a way to explore career advancement and gain diverse experiences.

By changing roles and companies, people can face new challenges, expand their knowledge and ceo email list move up the corporate ladder more quickly.

2. Sector dynamics: Short-term contracts or temporary work in sectors such as technology or marketing
Do you know why our older generations probably worked for one company their entire lives? Loyalty.

Hard work and dedication meant you would likely be rewarded, promoted, and looked after.

But that may not be the case now in most scenarios.

Since January 2023, a whopping 949 tech companies have laid off more than 200,000 employees .

Mass layoffs and remote working have driven job change. The pandemic has also changed workers' priorities: they want to be seen as people and not just productivity machines.

The rise of hourly work and short-term contracts, particularly in the technology and marketing sectors, also offers flexibility for workers: 36% of the US workforce is engaged in "gig" roles and 39% of adults are self-employed.