Eric Siu argues that staying at the same job longer than two years costs you money over your lifetime. He recommends seeking a 10-15% raise or switching employers every two years, and emphasizes the importance of being visible, performing well, and asking for raises.
Forbes did a study. People who stay at jobs for longer than 2 years make essentially 50% less their entire lifetime. So my thing is, is like, you need to be either up or out every 2 years. Every 2 years, you need to be getting a 10 to 15% promotion at a minimum every 2 years. Otherwise, you need to leave. You need to go somewhere that's going to pay you. Because if you're not doing that, you're going to be making less.
And people are like, well, the job market's bad. And like, it's not the Great Resignation anymore.
I agree. I concur. It's not as easy as it was 2, 3 years ago. But we have to take a long, hard look at ourselves and be like, am I actually doing a good job? Do I deserve a raise? Because the best people, the smartest people, the people who perform the best and have the best results and make sure their boss knows that they're doing a good job— they tell people what they're going to do, they do it, and then they tell everyone how they did it— those people are gonna get paid every year, and they always have since the dawn of time.
