With the rise in mergers, acquisitions and new startups, the institutional landscape has changed, so the market for employees to fill it has moved to reflect that. Technology and globalization have driven those working in this economy to seek the same sorts of advantages that their corporate employers have.
Not only is the stigma of what used to be called job-hopping diminished, but as the following article explains, the danger of remaining too long in one place may be interpreted as lack of ambition or diminution of up-to-date skills. The rapid changes in organizational structure and the compensation derived from it has been driven by economic forces that have also required a change in workforce attitudes about the benefits of employment longevity. Smart institutions do not want to penalize talent for the disruption they themselves have inspired.
Successful companies recognize that the pressure for immediate results has redefined the meaning of loyalty, both for enterprises and for those who work in them. The dedication has moved from the organization to the outcome from which both the enterprise and the employee benefit. JL
Joann Lublin reports in the Wall Street Journal:
Workers aged 25 to 34 years old in 2014 had worked a median of three
years for their current employer. That compared with 5.5 years for all employees 25 and over as
of 2014. It has become risky for managers to stick with the same employer for
longer than a decade. There’s a concern they won’t be able to play in a
new sandbox. 80% of U.S. recruiters are more willing than
they were a decade ago to consider executive prospects who stay less
than three years