Is longevity (with a single employer) overrated?

Reflecting on the CURRENT state of talent and opportunities in tech sales..

Growth, stature and 3% salary increase yearly or a new gig with higher base and new product but steep learning curve.
🤔 foodforthought
16
Sunbunny31
Politicker
6
Sr Sales Executive 🐰
Too many unknowns to really answer, honestly. Let's start with:
How long is the tenure at the current employer?

How much higher a base is being offered at the new gig?
birdski
Executive
2
Account Manager
I guess this is just more of a general question, given the market and job opportunities, or lack thereof
Sunbunny31
Politicker
1
Sr Sales Executive 🐰
It's very conditional, though. "It depends" totally applies here.
In general, hiring managers don't like to see a whole lot of short term stints, as that's a red flag. And there are some benefits to being with the same company for a while - familiarity, not having to ramp or scale, established customer base, etc., but there are drawbacks too. It's kind of hard to generalize. Every situation is going to be different.
HVACexpert
Politicker
5
sales engineer
There are costs from a company standpoint as well. It’s obviously cheaper to keep someone or promote from within than hire someone from outside and invest in all this training. If I run into a person who has been at a place for a long time, that is a reflection more of the company that they take care of their own and there is a good culture in place.

In the end, if you’re happy, and your bills are getting paid why not stay? The grass isn’t always greener on the other side. It’s easy to be attracted to money being thrown at you and it can blind you from major issues the company has. Don’t be so quick to jump ship!
oldcloser
Arsonist
3
💀
Not overrated in general. Stability looks better.
HVACexpert
Politicker
2
sales engineer
Sometimes it feels better too
oldcloser
Arsonist
1
💀
Aaaaaamen
CuriousFox
WR Officer
3
🦊
Sometimes to move up you gotta move out 🤷‍♀️
Kosta_Konfucius
Politicker
1
Sales Rep
It’s dependent on the person or the company
ThatNewAE
Big Shot
1
Account Executive - Mid enterprise
I have only experienced and learnt that staying with the same employer for over a prolonged time is not something that will bring you growth.
BUt then again, it depends on what you want from your career and life.
HappyGilmore
Politicker
0
Account Executive
I think it depends on the person and company. There are times where it makes sense to dip after a short period of time for a better opportunity.
GDO
Politicker
0
BDM
jumping gets a higher compensation but every jump is also a bit of a risk,
SportsSalesGuy
Tycoon
0
Enterprise Account Executive
3% salary increase yearly? You live in a good world my friend that doesn't exist where i'm at lol
jefe
Arsonist
0
🍁
It's definitely good to have multi-year stints, but gone are the days of being a lifelong employee.
Beans
Big Shot
0
Enterprise Account Executive
It shows long-term success - you definitely want a couple 2-4 year stints on the resume. But you're right, real comp increases come with job hopping.
DataCorrupter
Politicker
0
Account Executive
I'll give you a hot take: Yes, it absolutely is. It's totally overrated and the market conditions are generally against you being at a company for a long time.

Start at VC funding, it's quadrupled over the last decade. What that means is more companies getting funding. More companies means more less-than-qualified people doing things for the first time (new CEO/founder who's never run a company, new sales leaders who lead teams but not global teams, new marketers running marketing org, etc). That means more possible (uninformed) bad decisions, which can make or break a company. That results in salespeople either closing less (and leaving naturally) or getting fired because of company non-performance (with sales as the scapegoat).

More companies means that usually multiple companies are trying to tackle the same exact problem or adjacent problems at the same time. There might be 100 data platforms now where as 5 were on the market a decade ago. One company may solve problems upstream in the data stack, and 5 others solve it downstream. They're all fighting for the same market share, which means overall less revenue for each. Less selling is bad for everyone. Overall, it just means we're going to sell less, which raises the probability that we'll leave or get kicked out of the door. Unless you're at a very large/stable company (SAP, IBM, etc), instability is the norm and that means less tenure for you whether that's deserved or not. It's just logical given the market conditions.
ApocalyBoom
Politicker
0
Account Executive
Sometimes you have to go out to get up
ZachBlide
Opinionated
0
AE
I know quite a few people who have made a lot of money by moving quickly from role to role, and negotiating a big base pay bump every time.

Honestly though, most of these people are good at selling only one thing: themselves.

Of course, not saying that applies to everyone. And most of us will have at least one gig on our resume which we bounced off. Just my experience of people who have a track record of job hopping.

Also think you can hit a ceiling with this approach - it’s doesn’t look great on a resume. In addition, my view is that this sort of move is good for increasing your base salary quicker, but not your OTE. Obviously, it takes a while to ramp as an AE in a new job, especially a complex sale. The longer you’re at a job (if you’re good at it) the more historical pipeline you have and your earning potential can really compound.

As most people have said, ultimately this is more of a personal choice and dependant on organisation etc. But in the spirit of offering an opinion that’s my two cents.

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