Standing Still

TL;DR: Staying in place is significantly more desirable to employees than leaving, hence less rewards required.

There are three major factors that contribute to why employees may be hesitant to leave their current job for a new opportunity. These include loss aversion, momentum, and irrationality.

Loss aversion refers to the psychological phenomenon where individuals place a higher value on what they stand to lose than what they stand to gain. This can make employees hesitant to leave their current job for fear of losing the security and stability it provides.

Momentum can also play a role in an employee’s decision to stay with their current employer. It is often easier to continue with the status quo rather than to make a change, which requires a certain level of energy and effort.

Irrationality can also influence an employee’s decision to stay with their current employer. This can include feelings of loyalty towards the company, as well as a sense of being valued and appreciated by the organization. However, it is important to remember that at the end of the day, a company is a soulless money-making entity and it is important to prioritize one’s own needs and those of their family.

It can be helpful to periodically reassess one’s career goals and consider new opportunities, rather than becoming too comfortable and letting momentum hold them in place. It is important to be proactive in constantly seeking out better job opportunities, rather than remaining stagnant and settling for less than one’s full potential. It is also important to not feel guilty for leaving a company, as it is necessary to prioritize one’s own well-being and the well-being of their loved ones.