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So how often do young people really change their jobs? According to a study by LinkedIn (a well-known professional social media platform), students who graduated between 2001 and 2005 change jobs 4 times within their first 10 years of work. For students who graduated after 2006 this number is much higher.
The same study also cited that employees in the media industry change their jobs far more frequently, averaging 4 different companies within the first 5 years of graduation. This was closely followed by Entertainment, Government, NGO and Education which averaged 3 changes. The most stability was seen within Financial Services, Manufacturing Engineering, Aviation, Auto and Transportation which averaged at just under 2 changes within the first 5 years.
Guy Berger, a LinkedIn economist who conducted a study on the early careers of nearly 3 million graduates, states:
「Once upon a time, the degree you studied would determine your career trajectory for life, but nowadays it's only a ticket to your first job」
The study also found that women change jobs more frequently than men, especially amongst those who graduated between 2006 and 2010.
According to CNN (an influential global news network), the primary reason for the rise in early career turnover is salary. The average pay rise when changing company is 15%, compared to just a 1-3% annual rise for those who stay at the same company. Another key factor is that this generation is much more willing to change jobs than their parent's generation.
According to Barbara Safani, chairperson of LinkedIn and Careers Solvers based in New York, 「friends are more important than words」 when looking for a job. Half a million graduates in LinkedIn's study identified help from former colleagues as the most important factor when finding a new job. If you're just starting out, engaging with your college alumni and former professors was also cited as highly beneficial. Ms Safani also states that building a personal brand on social media platforms such as LinkedIn and Facebook is also important - but you should remember to keep things profession adding 「I always suggest that people stay away from politics and religion」