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4 Benefits of Picking a Job and Sticking With It

Many people believe the best way to “rise to the top” is to switch jobs often.  You start with a small company, get promoted once or twice, then move on to the next company, with better compensation and benefits.  Sounds good enough, but switching jobs can often be stressful and non-beneficial.  Here are some reasons why you should find a good job when you’re young and stick with the company throughout your career.

1. No Starting Over

Don’t you hate that new job anxiety?  Going to work the first day not knowing anyone, not knowing the processes, and not knowing what do to.  When you pick a job and stick with it, you don’t have to worry about starting over.  Don’t worry, you’ll still get promoted throughout your career, but it will be the same people, same processes and systems, and same culture that you’re used to working with.

2. Early Retirement

I’d like to share with you my story of Bob and John (that’s not their real names, by the way).  Bob is nearing 50 years old.  He was hired by a company when he was fresh out of high school.  He stuck with the company all these years, moved up the ranks, and has been quite successful throughout his career.  Bob plans on retiring within the next year or so.  On the other hand, John is in his early 50’s.  He’s had a number of careers throughout his life and has been successful without a doubt.  But John isn’t planning on retiring any time soon.

Part of starting over with every new job involves your retirement benefits.  Let’s say you worked for a company for 2 years and you’re ready to move on the the next.  You’ve contributed $5,000 to a 401(k) and your employer matches 150% of your contributions, which means the total value of your retirement is $12,500.  Unfortunately, you aren’t fully vested until you’ve completed 5 years of service, you’re only 1/4 vested.  If you quit, you only get to carry over $6,875 instead of $12,500.  That’s like free retirement money that you’re throwing away by switching jobs.

3. More Likely To Get Promoted

Companies like to look internally for possible promotion candidates before they post the job on the website.  The nice thing about current employees is there’s no surprises.  When you’ve worked for a company for 5, 10, or 15 years, they know exactly what you’re capable.  Sometimes, they know you’re capabilities better than you do and they know what path is best for you.  At least that’s what a good company would do.

4. Gets Easier As You Go

Similar to not having to start over, the more time you spend in a job or with a company, the easier it gets.  You learn more about the people, processes, systems, and culture, and the more you know, the easier the job gets.

So what are your opinions?  Did you pick a job and stick with it or did you move around throughout your career?  What are the benefits of each?  Share your thoughts in the comments section below.

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Pros and Cons of Sticking With One Job for Years

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