Economic Wisdom to Apply in Your Twenties

Chapter 51

Chapter 6 Section 7 Frequent job hopping, impetuous or rational?
Near the end of the year, the 28-year-old yoyo began to think about job-hopping again.Speaking of it, yoyo's personal capital is not bad: graduated from the finance and economics department of a prestigious university, CET-[-], good spoken English, beautiful appearance.But her capital makes her not satisfied with the status quo.Therefore, one of the things she must do every day is to study the recruitment notices in the newspapers. If any company offers a higher salary than the current company, then she will run to that company without hesitation.Someone secretly helped her do the calculations, but she was shocked: three years after graduation, yoyo has already changed seven or eight companies. The most exaggerated time was when she jumped to two companies in a row, and one of them only worked for three days. The boss said goodbye.
Yoyo always sneers at those who have stayed in the same unit for several years and have no plans to change jobs: "With such a small salary every month, if you don't change jobs, what can you do in this life!"

In fact, if Yoyo knows how to calculate a job-hopping account for herself from the perspective of economics, maybe she will reconsider the issue of job-hopping.

First of all, from a short-term perspective, after job-hopping, you need to find a new job.How much will it cost you to find a job?Someone once calculated an account based on his own job hunting experience.

After leaving the company for more than half a month, I participated in three on-site recruitment in the talent market, and the expenses are as follows:

1. Buy admission tickets to the talent market three times, a total of 45 yuan.

2. Three trips between the residence and the talent market, the fare is 50 yuan; to five companies for interviews, the fare is 200 yuan.

3. Living expenses (here only refers to food), an average of 20 yuan per day, a total of 17 days, a total of 340 yuan.

4. The rent fee is 25 yuan per day, and 17 yuan for 425 days.

5. Other expenses, such as daily necessities, double charges, and drinking water, are calculated at 8 yuan per day, a total of 17 yuan for 136 days.

During this period, a total of 1196 yuan was spent.

Before leaving the job, the company provided food and housing, and the monthly net income was 3200 yuan, and the cost of looking for a job within 17 days was about 1200 yuan.If you leave your job to find a job, not only will you not spend 1200 yuan, but you will earn about 1800 yuan on the original basis.Then, the actual cost paid in the 17 days of looking for a job is at least 3000 yuan (1200 yuan + 1800 yuan).It is not difficult to deduce through calculation that the higher a person's existing salary, the higher the cost of finding a job.

Secondly, from a long-term perspective, those who do not "relocate" will be borne by the unit for "three golds" every month, and the average annual salary will be adjusted by about 5%, and they will have the opportunity to get promoted and raise their salary after a few years.Frequent job hoppers, change jobs several times a year, with a salary increase of about 12% each time, but that is after being hired as a regular employee. During the three-month trial period, they usually only receive a small amount of basic living expenses. The company does not bear the "three golds".Of course, this is still in an ideal situation. Many times you have to wait for the employment notice during the days without salary, or pay a liquidated damages for unilaterally terminating the labor contract early, or it may be caused by constantly changing new environments. More expenses are required, such as re-purchasing "outfits", moving to a place closer to the new company, and "bribing" new colleagues to build a good relationship... What's more, most units issue year-end bonuses based on The length of service of employees is the standard. As a newcomer, the year-end bonus will naturally be very meager.
In addition, there are job-hopping costs and risks in job-hopping.Whether the new unit has development prospects, whether there is enough room for development after arriving in the new unit, and whether the salary increase in the new unit will make up for the original colleagues’ relationship are all factors that we must consider during the job-hopping process.Of course, this is just a game of job hopping. From a lifetime point of view, a person has to change multiple units in a lifetime, especially young people change jobs more frequently.Combining multiple scattered job-hopping games in a lifetime constitutes a multi-stage continuous job-hopping game.

From a short-term perspective, employees usually change jobs because the new unit recognizes their higher human resource value as an excuse; from a long-term perspective, the time before an employee's job-hopping will affect future employers' assessment of their human resource value.The impact of the information provided by employees’ past job-hopping behaviors to new employers on employees themselves will eventually be reflected in the unit’s evaluation of its human resource value.This effect can be both beneficial and detrimental to the employee.In other words, when employees choose to change jobs, they are also making choices for their own short-term interests and long-term interests.

Of course, as a part of career, job-hopping cannot be completely regarded as a bad thing.The behavior of job hopping in order to obtain better personal development space is worth advocating.Those who have just graduated have not yet determined what they are suitable for. It is important to change a few more jobs and accumulate more experience.And people who have "not been the big brother for many years" in the workplace will also get tired of the same company and the same position, and gradually look for breakthroughs.What we in our twenties need to remind ourselves is that there are risks in job-hopping, no matter how you choose, no one else will pay for your mistakes.

Wisdom Pieces: The Three Best Periods for a Career Change
The first period is 25 to 30 years old.At this time, people's thinking is gradually becoming mature and independent, and they can deal with problems calmly. They have accumulated social experience and interpersonal relationships, and they are full of energy.
　 The second period is around the age of 35.Compared with the previous period, professionals in this age group have more mature and independent thinking and richer industry experience, but there is still a certain gap compared with more mature professionals.Although there is a great possibility of career change, it would be a pity to abandon the accumulated industry experience if the direction is completely changed.Therefore, you can consider switching to related industries, so that you can make use of the professional experience and professional skills accumulated in the past, and you can also make new breakthroughs in your career.

The third period is 40 to 50 years old.At this time, the rich work experience of professionals makes their personal abilities show infinite charm, and the company also has a variety of job requirements waiting for them to choose. After the age of 45, for capable people, high-ranking enterprises should be the main goal, but attention should be paid to implementing career changes in related industries, otherwise the risk is too great.

(End of this chapter)