The Age
·general
·1 hour ago
Why staying in your ‘safe’ job is costing you $5700 a year
Research from Australia's e61 Institute found job switching yields pay increases 9 percentage points higher than staying put, costing the average worker $5700 annually. External hires receive market-rate wages while loyal employees get minimal raises for identical work. Younger workers aged 21-34 lose $7500 yearly by remaining, compounding over decades and affecting retirement timelines.
Summary by Glance · The Age
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