Here's How Job-Hopping Might Cost You

Here's How Job-Hopping Might Cost You

Gone are the days when workers would get hired straight out of college, work their way up the ladder, and retire after 40 years of service to the same company. These days, job-hopping is practically a rite of passage, and changing jobs is something the typical worker will do 12 times throughout his or her career.

Of course, the motivating factor behind switching jobs is generally money. While staying at the same company will get the average U.S. worker a 3% pay increase, those who move on to new companies are likely to see their earnings grow nearly a percentage point more than that. But if you're not careful about jumping ship, you could end up canceling out that higher salary as a result of poor planning.

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Source: Fool.com