Job hopping is still (generally) paying off:
Bottom Line: In October's jobs report we learned that the average person is earning about 2.4% more than this time last year. While not terrible it's still not back to that 3%+ territory we'd like to see in strong economies. While 2018 is potentially the year we could finally see that happen, for the first time since 2007, it's happening sooner for those who're job hopping. Here's the latest...
According to the newest data from ADP, the average person who's changed jobs is earning 4.9% more year-over-year. The good news is that the gap is narrowing. There was a time around two years ago when the difference was nearly double these numbers. That's not to say that it's in the best interests of folks to jump ship, as an employee of iHeart for 20 years and counting, I'm a big believer in loyalty when appropriate but it's potentially leverage. Companies should be taking note and with profits surging, often in record territory for many companies, it's in their best interests to take care of their better performers where possible. This could also prove to be an opportunity for smaller companies who're capable of paying a bit more but that often have trouble competing with larger companies over talent.
2018's shaping up to be an exciting year with the best economy in 13 years within the realm of possibilities. That also means opportunity time for many who've been looking for the right time to make a move and or make a case for a raise.