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It's true that moving on to another job is the most effective way to get a raise. It's how companies attract new talent. I got out of the comfort zone once and found a better job and it worked out pretty well for me. I was thinking maybe I'd try that again this year, but events have convinced me it's not a good time. Companies seem to be doing a de facto hiring freeze in response to all the disruption with the trade war and tariffs. So it's not even clear that I could find something else if I tried. I think it best to stay put for now and ride out the storm.
It's not my comfort zone that's the limiting factor. I would happily take another job with a pay bump if one came along. The problem right now is the job market. Do I really want to send out hundreds of applications to waste time interviewing at companies that are going to hire someone who was laid off and willing to take a paycut just to be working again? For now, it makes more sense for me to stay where I am rather than stressing myself out.
I think this is true for the most part and I've done a bit of job hopping in my career over the past 10 years in order to bump my pay much higher than staying with one company. But I feel like this mentality is starting to slow down with economic uncertainty and the recession looming. I'm going to be holding onto my job for the foreseeable future.
It's always a great idea to self evaluate your future and we're you are headed. Research and educate yourself for the next move. I was fortunate to have long tenor in three
different fields. Observation is a important mindset. Why sit back and observe? We do this to Forcast answers to questions all prrofessionals have. Can I advance in this company? How much of myself will it take to get there? Risks on outside adventures? Reminding ourselves you get what you put into your work ethics.
I’m skeptical of the job market right now - how strong of a relationship do you have with your manager and how far out are you from comp discussions. If it’s 6 months I think it’s a good time to have a convo internally to ask what’s possible or what they need to see.
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I’m trying to stay loyal to my company
Correction to that. Job hopping used to be the best way to get a raise. But in this current job market job hopping is the best way to find yourself unemployed or underpaid. In fact, many people who job hopped and reached a high salary are now finding it difficult to find a job. Because they priced themselves out of the market.