With the possibility of a better salary or title, it is not surprising that job jumping has become a common trend in various industries. It is over the time when employees remained in a single company for decades, progressing on the scale in a single stable environment.
Now, many professionals are more eager to skip the ship in the hope of finding larger and better opportunities. But how does this trend affect their gain potential, especially in a structured field such as accounting?
In this blog article, we will explore how the job jump has an impact on the potential of gain. In addition, job jumping can affect intangible assets such as networking, skills development and wage negotiation power. Continue to read to see how the job jump can hinder or benefit from ACP wages and long -term career growth in this area.
When is the job jump beneficial?
For employees who feel stuck in a winner of gains, the evolution of jobs could lead to a salary bump. Many companies follow a traditional salary model linked to fixed schedules or minimum performance increases.
The problem with this model, however, is that an employee’s salary will always be the reference number for an increase. However, by moving to a new company, accountants can negotiate a higher starting salary. They could even land in a higher number as they would have received from an annual increase in their current employment.
This practice can be particularly beneficial for accountants at the start in the middle of their careers. Work jumping every two to three years can produce a significant salary increase with a wise approach to negotiation.
Employees who change work frequently can see around 10% increase in salary compared to those who remain faithful to a single employer. In an industry where certifications such as the CPA (certified public accountant) are precious assets, accountants with diversified experience can be found in higher demand. And that can only raise their gain potential.
Develop new skills sets
Another reason to jump into the jump is to increase the extent of what you can do. In an accounting role, obtaining an exposure to a variety of industries, customers and accounting systems can only benefit from your skills.
Each new job presents opportunities to develop new skills or refine those existing. And for accountants, this can mean perfecting their understanding of financial management, compliance, audit and taxation.
In addition, accountants can familiarize themselves with different accounting software and increase their general skills. They acquire a range of unique personalities and styles. The absorption of these experiences can lead to more solid interactions and more communication skills. Employers often see the accountants who have worked in different sectors as versatile and capable, which can lead to better compensation packages.
On the other hand, the accountants who remain in the same role for long periods risk stagnation. Although a role can feel comfortable, it may not offer enough challenge. Accountants could miss the possibility of diversifying their skills, which could limit their long -term wage growth.
Expand your network
An often neglected advantage of work jump is the possibility of creating a larger network of contacts. Each job change presents accountants to new customers, managers and colleagues, which can be beneficial when looking for future job opportunities.
A robust professional network can be a precious resource to learn more paid roles. Accountants can also take advantage of new professional development or mentoring courses that may not have been available from a previous employer.
In the end, in fields such as accounting, networking plays an essential role in career progress. All you need is a new colleague or an acquaintance to alert you a next job opening, for example.
In addition, employers often prefer candidates who are recommended by a trusted professional in their circle. The establishment of relations between several companies helps accountants to position themselves for future roles which offer better remuneration.
Negotiate a better salary
Better salary is not always an automatic consequence of job jumping. You will need to use negotiation tactics to get there. Employees would be wise to start comparing ACP salaries between companies with data available to know what they can expect realistically. Employers are often more ready to offer a competitive salary to attract talents from outside the company, which gives an advantage to the hoppers.
Alternatively, staying with a business for a long time could stifle the possibility of a negotiated salary increase.
Even if an accountant excels in his role, he could be limited to the structure of the standard wages of society. And this generally leads to a lower percentage increase. Accountants hoping for a higher salary trajectory could be more lucky with the workplace than to remain faithful to a single company.
Understanding the risks of job jumping
Although job jumping can cause substantial wages growth, it is not without risk. Frequent work changes can stamp a red flag on your CV, especially in a field where stability and reliability are very appreciated.
In addition, potential employers may be concerned about the commitment of an accountant to the company and wonder if they will stay long enough to justify the investment.
Constantly evolving jobs can also cause gaps in professional development. Some specific work skills – such as mastering the internal accounting systems of a company or the management of long -term customers – require time and commitment to develop.
Accountants who advance too quickly can miss the deeper experience necessary to ensure higher level roles. Rather than climbing the rank of a main accountant or a financial director, they could rather complain.
Find a balance between stability and growth
Work jumping can be a powerful tool for accountants who seek to increase their wages and build their networks. Even so, accountants do not want to risk being perceived as unfair or under-qualified by changing jobs too often.
It is essential to find a balance between the exploitation of new opportunities and the creation of long -term career stability. The right strategy – and solid negotiation skills – can open the way to regular wage growth and precious professional development