As the new year deepens, now is the most exciting time for job hoppers everywhere. I’m convinced we’ll see more employee turnover at various industries than over the past two years combined. We’ve got two years of itchy people waiting to leave their firms for better opportunities. Are you one of them?
If you are, remember one thing: join people, not firms. Isn’t that the same you ask? No, it is imperative you differentiate between the two. Joining great people means working with people you respect, and working for people who support you. Working with great people means not hitting the snooze button five times because you dread going to work. When you see people get promoted within the ranks, you cheer for them instead of secretly contain your jealously. Great people encourage each other to succeed.
A great firm, on the other hand, can be entirely different. Procter & Gamble, Apple, McKinsey, Genentech, and Google are great firms in their respective industries. Getting a job at one of these institutions is like winning the lottery to some, and as such, they are “braggable firms” to your friends and loved ones. Yet, I caution you to not blindly aspire to work for a place just for its prestige.
How often do we see people quit their dream jobs out of misery due to a bad boss or untenable work environment? They say that the average person changes jobs seven times in their careers. That can’t be pleasant and good for the nerves, can it? You can work for Google, but if you’re in one department that has a lazy, demoralizing manager whose already worth millions and doesn’t care one lick about you, why bother?
I encourage job hoppers to insist on interviewing their perspective new employers as much as they interview you. Yes, we have 10% unemployment, and 17% underemployment, which necessitates humility in your search. But, humility is a given no matter what the unemployment rate is.
You owe it to yourself to meet as many people you potentially will work with as possible. The prospective employer wants to make sure you are a good match as well. No amount of prestige is worth being in a miserable state. Join good people and you will never want to job hop again! That is of course, until a better opportunity comes a long……….
Start your own business: If you feel you’re not getting paid what you’re worth and want to boost your income, start your own business online on the side! It used to cost a fortune and a lot of employees to start your business. Now you can start it for next to nothing with a hosting company like Bluehost for under $4/month and they’ll give you a free domain for a year to boot.
Brand yourself online, connect with like-minded people, find new consulting gigs, and potentially make a good amount of income online one day by selling your product or recommending other great products. Not a day goes by where I’m not thankful for starting Financial Samurai in 2009.
Updated for 2017 and beyond.