Amid the recovery from the COVID recession, employers and workers have found themselves in a jobseeker’s market. Businesses are lavishing benefits, high salaries, and aggressive promotions on candidates in hopes of luring and retaining talent. For many employees, especially younger generations eyeing a big promotion at a rival firm, the situation may seem to present all upsides—a welcome contrast to 2020’s dismay.
But bouncing around in search of higher pay and loftier titles can come at a cost. Employers and job candidates alike would do well to consider the drawbacks of a hiring frenzy, as well as the benefits of sticking with a firm instead of pursuing the next big thing.
