Salary increment for Job Hopping in Singapore: A Reality Check

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how much salary increment for a job change in singapore

An array of surveys conducted amidst an array of potential office going people suggested that a majority of people are not satisfied with their present jobs. Talking in number, over 85% or the individuals feel like quitting their job & find a new one. Shockingly only seven percent of the people are happy with their current jobs. Job statistics also pointed out you can expect an average of 20% for each job hop in Singapore.

In this article, we’ll talk about the pros as well as cons of job hopping, it’d be evident to say that changing the profession or roles can be one way of refreshing yourself when it comes to job satisfaction. We will talk about the factors that are associated with job hopping & they will seriously help you when it comes to keeping your next role for a long time.

Is Job Hop even a good option?

When it comes to trying different roles, switching jobs can be an out of the box pick. If you’re looking forward to finding and building a robust & steady career, then job hop can act as a catalyst for finding your dream job. An array of roles which you might encounter during job hop can help you gain experience blended with exposure. You can build up your network of contacts through the same, it is always good to have a flavour and your presence in more than just one domain.

When it comes to your salary, it can be said that it might not switch as fast as you can switch job. But, sticking to a single job can help you jump corporate steps and hence, it will help you in the long run. If you’re more like a money oriented person, then switching jobs aka job hops can be your only state of the art choice as the same can increase your salary manifolds.

But more than necessary inflation in your resume can depict signs of discontinuity. Hence, it might make you look unreliable or even flaky. Potential employers take many precautions while hiring a person for such profile. You must be prepared to answer them whenever asked about, try to make a positive impact no matter what.

There might be a case where you switch your job without even establishing yourself. In other words, getting the required skillset and increment in a salary is necessary before you start looking for a job hop. If you’re too quick then it might place you at the bottom chain of command at your new workplace. The main thing here is evaluating whether it’s even feasible to switch your current job? What would happen if you stay & get an increment? Will you get a higher salary or exposure you’re looking forward to after the job hop? Try asking these fundamental questions to yourself, it’ll only make things easier for you.

Read also: In Demand Jobs in Singapore for both Locals and Foreigners

Calculated risks are a win-win

One must take utmost precaution when we talk about switching jobs as you might not really want to leave the job which guarantees you a stable and continuous income. Always remember that you have responsibilities, you got dependents. For example, supporting your parents can be your big responsibility or paying monthly bills for other chores can be a great deal too. It’s not so advised to leave an established network of co-workers which you have built from scratch. Always remember starting again from the zero & building a rigid network in the domain with which you’re not familiar is no easy task. But, change is what drives the innovation right? So, taking calculated risks can be your out of the box solution here. Change is the law of nature, calculated risks just help you change easily and ensure a healthy run for a long time

How to pick the job that suits you?

Selecting your dream job from an array of job profiles is not an easy task. You should try to evaluate your interests & think about the big picture, that is your end game. You must keep the milestones which you wish to achieve in your mind. Try to keep things at your tips which you’re looking forward to achieving in coming few years. Keep a track of an active time span, keep a regular check on your goals, hence always fulfil them at the desired time. A pool of goals with an achievable timeline can help your career in numerous ways.

What benefits might follow?

Your new job encapsulates a pool of opportunities blended with experience. You get the new type of training, you can be entitled to several bonuses, in short, you can literally start fulfilling the goals from that pool. You might also get access to a flexible working environment with timings of your likings or even work from home type opportunity. When you switch a job, you might be entitled to better health and travel allowances at your new workplace, which is a great thing. A balance amidst the work and your life can be achieved when you switch a job.

Read also: Top 10 Jobs that are High Demand According to Linkedin

Satisfaction over Money?

There comes a time when you will be asked to accept a lower pay scale, well this is not that depressing actually. If you’re getting access to a ton load of experience, then settling for a bit less is still a win-win for you and your career. You might ask your employer about the hikes in the future, but remember if the experience is what you’re craving? Then take the shot. Enthusiasm is what drives the endeavours in this condition.

Still not satisfied?

Let us say that you have made your switch and you have this new array of responsibilities. It takes some time to settle in, knowing how a company really functions requires a bit of time. If you’re still not satisfied and desire to leave, then think twice before doing that. Remember, you don’t wish to depict inflation in your resume, it’s highly advised to go to your employer or visit HR department and ask them for a pay raise or even more training or supervision. Hoping for your next job requires an utmost level of care.

Now watch about Millennials Job Hopping where money is NOT everything.