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[Video] The Benefits Of Changing Jobs

by Financial Design Studio, Inc. / October 28, 2019

[Video] The Benefits Of Changing Jobs


[Length: 1:37 Minute Video]

Let’s talk about your career and what the benefits of changing jobs might be for you.

A lot of career experts will say that changing your career jobs on a regular basis is not only good to help you advance your career to get new positions, but also monetarily as well.

Let’s get practical with that.

Some interesting data out of the Federal Reserve Bank of Atlanta shows that it is actually worth it financially to change jobs on a regular basis. What the data showed is that over the last 12 months those who stayed in their jobs, called Job Stayers, saw annual wage growth of 3.5%. 

Now, Job Switchers, those that changed jobs over the last 12 months, they saw an annual wage growth of 4%.

What’s really interested when you look back over the last 20 years, is that that gap is pretty consistent. 

Job Switchers tend to have any where from a .5% to a full percentage point advantage in their wage growth versus Job Stayers.

So I you have been thinking about if you should stay or switch you job, remember there are not only mental benefits and career advancements from doing that, but also financial benefits as well.

We can work with you to show you the impact of getting maybe a little bit better wage growth over the course of your career means for your long term financial plan.

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Financial Design Studio, Inc.

We are financial advisors in Deer Park and Barrington, IL. A team with a passion for helping others design a path to financial success — whatever success means for you. Each of our unique insights fit together to create broad expertise, complete roadmaps, and creative solutions. We have seen the power of having a financial plan, and adjusting that plan to life. The result? Freedom from worrying about the future so you can enjoy today.