People who switch jobs make more than those who stay with an employer, according to a new study. But workers who get hired via employee referrals could end up with the short end of the stick paywise.
An ADP study finds that full-time job holders — those who stay in a single job for at least a year — saw a gain in income of 4.3 percent over the previous year. But the job switchers made out better, with a gain of 4.9 percent.
Another study from Payscale, Inc., finds that some employees who are referred earn less per year than nonreferred employees in the same company. If they’re referred by a family member or close friend, the average offer declined by about $1,600. Overall, about a third of new job offers go to people who received a referral.
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