Recruiters have had an insight on how the job market has been functioning in recent years, and especially with the growing interest in the technology sector, frequent job change particularly into tech, is now an element which will foresee how the job market structures itself in the future.
On average, people are changing jobs more frequently than in previous years. Unlike previous decades, where people stayed within their careers, and even with the same companies for years on end; today, the new “normal” is having 4 job changes in your career of choice by the time you're 32. Careers have additionally been easier to change and access, compared to previous years.
This increase in frequent job change can be a cause of many things, whether it’s the employer or the employees affecting the change, it is something seen nationwide. Some of these things have naturally been brought on with the change of society, whilst others have been a change of attitude by employers and employees themselves.
There are certain changes seen from the employers side of frequent job change, for example:
Lack of job security
In recent years, employers have become less loyal to their employees, and thus there is less care of giving employers job security. The rise of monopolisation within businesses has allowed a big corporation mentality to arise. It is not uncommon for bigger corporations to depersonalise employers, whereby they may be seen as digits rather than loyal workers. This in turn, may also less workers less loyal, and thus less caring of their work.
A way in which this can be avoided is to have a strong ethos as a company, to which every day people, not just customers, can relate to. If it is a place in which company spirit is difficult to instil, having common values will ensure a tight-knit team and more loyal employees.
And there have been changes seen from the employees side such as:
Better perks - monetary or otherwise.
With the growth of cooperation and communication between business, employers have stepped up their game with rewarding their employers. As much as a free gym membership may be an amazing perk, there are now even bigger perks which can definitely sway people if they consider leaving their current workplace.
People are more volatile
The rise of communication and cooperation strikes again. People are able to chase any opportunity they want. With the way of life being made more simple with technological advancements and the shrinking of time and space, people are more easily able to move around when it suits them.
It is definitely not effective for employers to be having a high turnover of staff. Seeing as a lot of resources go into the training of new employees, as well as reflecting badly on the employers themselves. Having a high turnover of staff is often not within the realms of the factors mentioned above, many reasons for a high turnover may also be; poor management; lack of opportunity and progression; and lack of loyalty.
But most importantly, is it effective for employees? As stated, people now are more volatile and prone to change in everyday life. Even though new employment may bring new and exciting challenges, it can also have a negative effect. Job change can cause a lot of stress, it can raise questions of loyalty to work, and may harm the chances of progression.
So what can employers and employees do to keep their staff from changing jobs so frequently?
There are many ways in which employers and employees can reduce the chances of frequent job change, and it may be that to some this comes more naturally than others.
Generally the best places of work are those in which employees feel secure and appreciated. There are certain things that you can look out for when looking for new employment, which will in turn make you, as well as your team, want to progress within that company.
Frequent job change is not a threat to stability within the job market, rather a threat to the progression of employees and their employers within a career. So make sure you get to know your employers well for a long and happy career.