Sorry gene z, days of increasing the salary for work have been completed: the first time after 10 years, staying a loyal payment equally well

• He used to pay for jobs to move – but now the career strategy is Gen Z for drainage. The new report from Atlanta Fed shows that the workers who remained in their jobs last month recorded a salary of 4.6%, compared to those who switched roles and made more 0.2%.

Gen z was fast monitoring their path to a career ladder move to work. But the shortcut to larger pay plans and the Snazzy job title lost the advantage. Now, staying loyal salary almost as much as a jumping ship.

Workers who stayed in their jobs received 4.6% salaries in January and February, while those who transferred gigs received only a slightly higher increase of 4.8%, state New data from Atlanta Fed.

The gap in financial capabilities quickly closes: the difference in the salary between the people staying at their jobs and those who are transferred is currently at the lowest level that has been in 10 years.

Just two years ago, Job Hoppers increased 7.7% of the salary compared to a 5.5% increase for those who remained.

This can be stacking professionals who have long been told that switching jobs is the best way to rise to The following tax box. And there are several reasons why things have changed; an uncertain job with white collar The market has remained to many to be afraid to jump, with high competition and Reduction options; Employees experience Deflation of the salaryoffering less to do the same job in different companies; and the salary is increasing They stagnated in industries like technology.

Executive Directors in Cisco, Walmart,, Disneyand even more points out that playing a long game can be paid off

Gene X And Baby boomers have once said that the best way to success is a residence with an employer for many years; their loyalty He would mean a pension and a better chance of climbing Totem Pole. But as benefits disappear and promotions were killedGoing to greener pastures has become common.

About 75% of workers Discover your own The employer even received a promotion, the ADP report states information about the payment list. Are especially gene z in charge of Strategy-on-deprived 83% self-instructed as “hoppers”, according to 2023 report from Resumelaba. And by this point it has paid off. H & r Block report They found that in 2023, almost one -third of the work gene changed, and 35% explicitly made a move to provide higher salaries.

The last job has become normalized, despite how much executive directors hate it. About 41% of workers generally think that switching gigs every two to three years is acceptable, and 56% gene Z believes the same, according to 2024. data from the CV. Still, the leaders are still unwavering that loyalty will be rewarded – accept it CiscoNew Great Britain Chief Sarah Walker, who said Wealth The 25 years she spent climbing on ranks at a company of $ 17.7 billion, it was worth it.

“You just have to be patient in the way,” she said. “As a society, we have moved to a place where everything is directly, and these are bleeding in the expectations of people about how fast progression the pressure that people should put on themselves to say,” I have to promote myself within a year, and if not, means that I am not on the right path, and that is why I will go elsewhere and can come to any faster. “

She’s not alone. Many others Wealth 500 executive directors similarly earned their stripes after dedicating the years to the same company. WalmartDoug McMillion, DisneyBob Iger, HpEnrique Lores, I. General Motors‘Mary Barra all moved to the office. If workers look after the ball with their employer, good things can be naturally woken up.

“Don’t take your current job for granted,” McMillion said in an interview with Straša last year. “The next job doesn’t come if you don’t do the one you have well.”

Since the job is no longer a gold ticket for payment and promotion, Gen Zers may need to be reviewed by your career strategy anyway, loyalty will become increasingly valuable as the ladder moves.

As Ashley Constable, Senior General Director at Executive Employment Company Robert Pole,, said Wealth: “If someone was an early job of a job, that’s fine. But as they grow, then you need to see more longevity in terms of mandate within the organization.”

This story is originally shown on Fortune.com

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