The True Benefits of Staying Power 5th March 2018

In this article we looked at the true cost of job hopping. Here, we use a fictional story to take a look at the positive effect of staying power on your long-term career prospects.

Mr. Job Hopper and Mrs. Staying Power join their first fictional company on the same day as Marketing Assistants on salaries of £20,000 per year.

After 8 months, Mr. Job Hopper and Mrs. Staying Power both feel that the opportunity is not quite what they wanted. Mr. Job Hopper sees another opportunity as a Marketing Assistant another company who are paying a salary of £22,000 per year. Result! Mrs. Staying Power decides to stay and work with the first company.

At the end of year 1, Mrs. Staying Power is rewarded with a 5% pay rise (to £21,000) and is given positive encouragement by the management who realise things are not perfect but are glad to have her on board. Mr. Job Hopper is in his honeymoon period and enjoying his extra salary.

Another year goes by.

At the end of year 2, Mrs. Staying Power is rewarded with another 5% pay rise (to £22,050). She is also now the longest serving Marketing Assistant and her company tell her that they are looking to promote her when the opportunity arises. Mr. Job Hopper is 15 months into his new job and is also given a 5% pay rise (to £23,100) but there is not much chance for career progression in the immediate future.

3 months later and Mrs. Staying Power is given her promotion to Marketing Executive, along with a salary of £26,000. She is mighty proud of her achievement and is considered an important team member.

Mr. Job Hopper has had enough of waiting for a new opportunity and has, again, decided that the grass is greener at another new company that offers him a Marketing Executive position on £24,000. It’s a pay rise and a better position so he leaves.

At the end of year 3, Mrs. Staying Power is not given a pay rise. She has been having some difficulty in the new position but her company are patient with her and detail her improvement plan. Mr. Job Hopper is not faring so well in his new role either but his company are less patient. He was given the job as Marketing Executive but it is clear that he is not ready for that position, he needs to improve quickly or leave.

6 months into year 4 and Mrs. Staying Power is really thriving now. 

Her training plan has worked really well and she is performing fantastically. She is now rewarded with a pay rise to £27,500. Mr. Job Hopper is not enjoying life at his 3rd company, they are really hard on him. He feels like he is being forced out so he finds another job as a Marketing Executive, this time for a salary that matches his current one, he just wants to move at this point.

Another year on and into the 5th year of their careers and the staying power is really starting to pay off. Mrs. Staying Power gets her 2nd promotion to Senior Marketing Executive and a salary of £32,000. She is in charge of a small team and she absolutely loves her job.

Mr. Job Hopper is a year into his 4th job, which is okay but his salary is only raised to £25,000 and he begins to look around him at people like Mrs. Staying Power and wonder why they are on higher salaries, it’s not fair!

In the final part of our small and entirely fictional story Mrs. Staying Power’s Manager has now left the company. Better yet, Mrs. Staying Power’s Manager really wants her to come over to the new company. Even better, the new company know they really have to pull out all the stops and offer her a salary of £38,000!

Mr. Job Hopper has now been at his 4th job for 2 years and this are going okay. His salary if now £26,500 but opportunities are limited and there are 3 longer serving team members working with him who seem to be at the front of the queue for promotions.

At this point we will leave Mr. Job Hopper alone but I think we all know where that leads!

Now compare the positions of these two people after 6 years of their career.

Mrs. Staying Power is a Senior Marketing Executive with 5 years solid experience in her first job. She is on a salary of £38,000 and is about to embark on a new and exciting opportunity with someone she knows and trusts.

Mr. Job Hopper is in his 4th job in 6 years and already feels a bit trapped. His salary of £26,500 is a lot lower than his true potential but if he leaves his current company that is 5 jobs in under 7 years and that will really start to have a negative impact on his options.

This is an entirely made up and convenient little story but it is not much of an exaggeration! It does take years to build trust and it will take years before a company gives you additional responsibility (and pays you for it).

Staying power is an underrated virtue that has a massive positive impact on your career and long-term earnings potential.

If you are considering leaving your current job, answer these questions first.  Read more from our Dream Career Project news series here.