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It's people like him and the 1-2% is causing people to not stay or last more than 2 years at a job. Layoffs are common these days, unfortunately most people have little control of that even if they are doing their jobs you still can get let go.
This is an old dog from a private equity firm who shouldn't even be looking at resumes at his level in the organization. His "advice" completely flies in the face of the corporate policies of most Wallstreet traded corporations. Employers like diversity. I can find you 1,000,000 employees with 10 years of experience doing the same thing day in and day out. Theyre really good at the little picture that they do know. However its the guys who've worked in ops, accounting, finance, treasury etc and can put all of the pieces together that make great project managers.
The best thing for a company is to have good people that stick around. But he sounds a bit disconnected. People don't always have control over how long they stay at a company.
I agree with him, although sometimes people just plain work in an intolerable place or a place where there is no room for advancement. No one wants to stay at a deadend job.
As far as job hopping, let's say someone works at a company for three years, is laid off and takes a "survival" job for two years to get the bills paid. He then leaves when he finds an opportunity in his original field. I don't consider that scenario to mean someone is an irresponsible or flaky employee. Sometimes circumstances dictate that you move around.
That's fine, but you have to realize that perspectives can vary radically from place to place.
One guy I know, who is involved with a very successful hedge fund, said his ideal analyst candidate is felon with an IQ over 130, an strong academic background and at least *some* time in prison. This comes after decades of hiring Ivy League MBAs.
He realizes the sorts of insights he wants and needs very rarely originate with kids who've never left the cul de sac. Here's a guy talking about six figure positions (seven with bonuses if they really start hitting homeruns) wanting to hire a guy that a grocery tore might instantly disqualify to be a bag boy with no other considerations.
Once you get a pool of candidates who, on paper, appear otherwise qualified to do the job, the art of hiring them becomes about finding the right fit. That guy in the article values stability and loyalty. We all do, but he's probably in a position to offer jobs that lure people away from long time positions and can demand that. Not everyone is in that situation. The tech industry is a perfect example where everyone is constantly shuffling around.
As far as job hopping, let's say someone works at a company for three years, is laid off and takes a "survival" job for two years to get the bills paid. He then leaves when he finds an opportunity in his original field. I don't consider that scenario to mean someone is an irresponsible or flaky employee. Sometimes circumstances dictate that you move around.
In the past 5 years, increasingly that many people are required to take temp jobs or consulting gigs just to stay employed and relevant. It is these companies such as the article based on that instituted these drastic cuts to headcounts and rely more on temp workers.
How does anyone in this economy maintain a solid work history when you can be let go simply when your salary grew above what the company is willing to pay for.
Of course there are always many exceptions to the rule but I have worked with 2 hoppers in my career and true to form, both of them proved to be all talk. The most recent one is an MBA graduate from Columbia with great credentials. But if you look into his work history, he hasn't stayed more than 7 months at any recent position. I work with complex IT systems which hundreds of people. Seven months on the job really isn't enough to make any meaningful impact. However, seven months is enough time for your managers to realize you don't really know what you are doing, giving you the incentive to leave. I'm sure he interviews very well so he is able to hop. But from what I have seen, that is his strongest skill.
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