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Wednesday, October 03, 2012

Job-Hoppers Actually Make Less Money Than Those Who Stay

Gen Y's "lack of loyalty" is a problem for employers, but it also presents a money issue for job hoppers as well. 
Tim Devaney and Tom Stein write in ReadWriteWeb that job hoppers actually make less money than those who stay at a company longer, according to research conducted by Kathryn Shaw, a professor at the Stanford Graduate School of Business.
The study included 50,000 Silicon Valley software employees and found that those with five years' experience with the same company actually received 8 percent annual raises compared to 5 percent annual raises that those who frequently changed jobs received. They are also more productive and creative than those who leave often. 

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