"Job-hopping was once the ticket to success, with workers bouncing from role to role to secure pay gains and bigger titles. While the tactic has since lost its compensation edge, Gen Z are still switching jobs at a quick pace early in their careers. During the first five years of their professional lives their average company tenure stands at just 1.1 years-but they're job-hopping for professional development, not out of disloyalty, a new report says."
"And it's not even for the money: job-hopping has lost its compensation edge, as the salary difference between people who stay in their jobs and those who switch has reached the lowest level it's been in 10 years, according to February data from the Atlanta Fed. Employees who stayed put at their jobs received a 4.6% wage bump in January and February this year, while those who switched gigs only received a marginally higher increase of 4.8%-only a 0.2% difference."
Gen Z workers leave jobs much faster than previous generations, averaging 1.1 years at a company during their first five professional years. Millennials averaged 1.8 years, while Gen Xers and Boomers stayed about three years before moving. Entry-level job postings have declined 29% since January 2024, coinciding with reports of many young workers feeling underprepared and unsupported. Wage gains for stayers and switchers have converged, with stayers receiving a 4.6% bump and switchers 4.8%, a 0.2% difference. Overall tenure is shrinking and younger workers are changing jobs more rapidly.
Read at Fortune
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