Eric Siu cites a Forbes study showing that staying at the same job longer than two years reduces lifetime earnings. He recommends seeking 10-15% promotions or changing employers every two years, emphasizing high performance and communicating accomplishments to get paid more.
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 going to get paid every year, and they always have since the dawn of time.
