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According to the latest data from the US Bureau of Labor Statistics, over 3.3 million Americans quit their jobs in March.
And while several factors can come into play when employees decide to part ways with their employer (higher salary, better title, personal life change), quitting a job with or without a Plan B can be a risky decision.
Related: Kevin O'Leary: Don't merge finances with your spouse
That's why “Shark Tank” star and O'Leary Ventures CEO Kevin O'Leary went on X on Tuesday to share his opinion on how long employees should stay at a company before leaving to pursue other opportunities, even if they feel like they have “hit the ceiling” with what they can achieve in their current role.
When should you make a change in your career?
If you can hold out for at least 24 months and are still on an upward trend and want to make a move because you feel like you've maxed out in that particular situation, it might be time. pic.twitter.com/lCCoUYZnmv
— Kevin O'Leary aka Mr. Wonderful (@kevinolearytv) May 7, 2024
“It has to be at least two years,” O’Leary explained. “If you can hold out for at least 24 months and are still on an upward trajectory and want to make a move because you feel like you've maxed out in that particular situation, it might be time.”
O'Leary said job hopping too quickly can cause major concerns among employers.
“When I look at resumes and see people moving to a different company every four or five months, that's a big red flag to me,” he said. “I want to see commitment in your career, that you’re committed to making it happen.”
O'Leary also weighed in on what he believes the future of work looks like for most U.S. employees, saying office mandates are outdated and unproductive. He contradicted the comments of fellow multimillionaire Martha Stewart and argued that employers should give their employees the option to work remotely or in a hybrid environment.
“The economy has changed radically. The problem with saying everyone has to work in an office is that you don't have the ability to hire the best talent,” he said last June during an appearance on FOX's “Outnumbered.” “They want to work where they get their work done.”
As of Tuesday afternoon, O'Leary's estimated net worth was $400 million.
See also: Kevin O'Leary defends Elon Musk, calls out 'loser states'
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