Job hopper’s guide to riches

Your pay could increase by 8.3%

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From the Summer 2016 issue of the magazine.

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Seeking out new employment in the hopes of landing a bigger salary? Make sure you’ve been in your current position for three to five years before moving on. That’s the sweet spot for getting the biggest pay bump, according to payroll processing company ADP.

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It surveyed 24 million U.S. employees and found that job hunters with that amount of work experience in one role increased their pay by an average of 8.3% when they landed a new position.

Meanwhile, those who stayed in the same job role for six to nine years before switching positions only got pay raises of 6%, and those with less than two years at a job netted a measly 2.7% bump when they changed roles. As they say, experience counts.

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