There can be a number of benefits to staying at the same company. For example, the longer you stay at one company, the more people you will know there, the better you will probably become at your job, and the more benefits you can potentially get from your employer.
However, there also a number of reasons why staying at one company too long could actually hurt your career. Here are some of those reasons.
If you only stay at one company, and you never see what else is out there, then you could potentially miss out on some great opportunities on the job market. Who knows, there could be a job out there right now that you are qualified for, that pays 50% more, and that is better for your career progression. You won’t know what else might be out there unless you look by becoming a job seeker and conducting a job search.
Lack of corporate culture optimization
Working for a company that has an ideal culture for you can have a very strong positive impact on your career. However, it may take a number of different tries before you succeed in getting hired at a company that has a culture that is a strong match for you. If you only stay at one company, then it can significantly reduce the chances of you finding a company that is an ideal corporate culture match.
Reduced networking potential
It is a basic concept that you will tend to meet more people if you work for multiple companies as opposed to just one. The more people you meet in a professional sense, the greater the chance that you will meet someone who can help you advance your career in some way! Working at only one company can really limit your in-office networking capability.
Reduced ability to leverage rising value
If you work for one company for years, then your value as a worker will tend to rise. This is because you will gain skills and experience along the way. However, if you stay at the same company, then you will not be able to leverage your increased value on the job market to get a new higher paying job. You can attempt to use your increased leverage to try to get a raise within your own company, but raise requests are often denied.
If you are trying to work your way up the career ladder, then you may be tempted to stay at the same company for a long period of time. However, working for different companies may actually be a faster way to obtain those higher wages that you are seeking.
After you decide to leave your company, figuring out how to make a career change successfully is the next step to an increased income!