Job hopping was once all the rage, but the days of big salary increases from switching careers might be over

This month, the global organizational consultancy firm Korn Ferry declared that we’ve entered a nationwide era of “job hugging,” a term to describe the trend of workers increasingly holding onto their positions for dear life amid economic uncertainty, layoffs, and AI disruption.

Now, a new report from the Bank of America Institute is shedding fresh light on the trend, showing that workers may be choosing to cling onto their current jobs because “job hopping” is no longer profitable.  READ MORE