Chris Malone

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Earn More Money By Switching Jobs

Time for a new job. A new study reveals that people who stay at the same job for more than two years earn 50 percent less over their lifetime than those who change companies more frequently. Forbes magazine says the average raise a worker can expect in 2014 is three percent, which is really just about one percent after inflation. By contrast, the average raise an employee receives for starting at a new job is between ten and 20 percent, and in some cases as high as 50 percent. Loyal employees lose out in the long-run because many businesses have been forced to freeze payroll and decrease salaries following the 2008 recession. Bethany Devine, a Silicon Valley hiring manager, says, "There is often a limit to how high your manager can bump you up since it's based on a percentage of your current salary. However, if you move to another company, you start fresh and can usually command a higher base salary."

Read the rest of the story by clicking here.


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Topics : Labor
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06/24/2014 2:58AM
Earn More Money By Switching Jobs
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