3 ways to job-hopping might mean leaving money on the table

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By Kirsty Wareing

skip Great motivation from one job to another in a relatively short period of time, is that it is possible to climb the income ladder. Every time you will be offered a new job, it is an opportunity to perfect his technique wage negotiations to seek and higher compensation. That is, it can be a way for job-hopping be your ability to attract or affect wealthy.

Here are three traps to avoid:

1. The balance of your (k) 's 401 could suffer

If an offer under consideration - to leave and behind a job - it is important to look beyond the pay gap. Other benefits, such as 401 (k) corresponding options, and procurement policy will have a significant impact on your finances over time. Many companies allow you to start a 401 (k) a review after a certain period of employment. This means that when you jump from job to job or so each year, saving difficulties for retirement this time will have.

If you are in your 20 years can think that you, so that compound interest to work not about retirement yet, but it really is to get a good idea registration as soon as possible its magic.

2. Consider the cost of change

be your new job in another area of the city as your previous employer. It could be in a completely different city - or even another state! While some companies offer their pay relocation costs , especially if you are your skills and experience very competitive and not everyone will. Move across the country is an adventure that is difficult to pass, but make sure that you weigh all factors before making a final decision.

3. There is still a certain stigma

While job-hopping has become more acceptable over time, it is important that you do it tactfully. He wants his former employer and you think your network is still strong and can get a positive reference, if needed. Keep track of how your resume, and not get used every six months to hunt a new position. It takes time to settle in a new role, to learn what is necessary, and begin to make their mark. If you go too fast, you risk showing little for them.