By Kirstie McDermott
It's January, and many American workers are weighing up their options. In 2024, should you stay, or should you go? It's a good time of the year to take a look at your current role and remuneration, and ask yourself where you'd like to be in 12 months time.
After a hugely mobile period during the pandemic––dubbed "The Great Resignation"––which saw more than four million employees quit their jobs through June 2021 to December 2022, the dust settled in the form of layoffs across industries.
Now, this year is looking less like a repeat of the Covid-era big quit, and a lot more like a "Big Stay". The stats bear it out: new data has found that those staying only a year in a job is down nearly 30% on last year.
Workers are remaining in their jobs for longer, hunkering down until they're confident the hiring environment is more robust.
One of the main reasons people do make a job move, however, is to earn more money. It has long been an accepted fact that if you switch jobs, your negotiating power can net you a salary increase of 10-15%. But new research has found that while pay increases peaked in June 2022 at 16.4%, they dropped back to 13.2% in 2023.
That may cause some who are on the fence about switching some pause, but there are other reasons to look for a new job. Those include the chance to get a better or more senior job title, acquire more skills and in general, progress your career upwards. Money matters, sure, but job switchers can also ask for financial benefits around 401(k) matching, health insurance and more.
So, if you've weighed your options and a job move is on the horizon for you, The American Banker Job Board is a great place to start. It contains thousands of job openings, like the three below.
Account Executive — FinTech, Plaid, United States
Plaid works with thousands of companies like Venmo, SoFi, and Betterment, several of the Fortune 500, and many of the largest banks to make it easy for people to connect their financial accounts to the apps and services they want to use. As an Account Executive — FinTech, you'll work with the Fintech Sales Team, which combines deep product and industry knowledge and is focused on bringing Plaid's expanding solution suite to the ever-growing number of fintech companies across the country. As a key individual helping to achieve this mission, your focus will be identifying and engaging with leading fintechs, building long-lasting relationships, and aligning solutions to their needs. You will also work with highest-value customers to identify new opportunities where Plaid's increasingly diverse range of solutions can add value to their business. You'll need significant experience in a new-revenue role, along with a strong track record of closing complex, high-value deals with specific expertise selling to fintech companies. Get the full application criteria.
Senior Banker, Bank of America, Okemos
Bank of America is guided by a common purpose to help make financial lives better through the power of every connection. The Senior Banker role will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference, as you uncover the personal banking needs of both individual and small business clients, either by phone or in person, by offering appropriate financial solutions and services as well as connecting them to specialists. You will proactively connect with clients through outbound calls, and execute consistent follow-up routines to meet their needs. You'll need the ability to effectively balance financial center performance, operational risk, and client relationship care. Additionally, you will have a minimum of one year demonstrated sales experience in a relationship-oriented and client-centric environment and are an enthusiastic, highly-motivated self-starter with a strong work ethic and intense focus on results, acting in the best interest of the client. Apply for this job here.
Compliance Specialist IV, Comerica Bank, Charlotte
This senior level position as Compliance Specialist IV is responsible for providing leadership, vision and direction to multiple business units with respect to compliance with laws and regulations. You will provide ongoing guidance as well as lead and manage major implementation processes, beginning with reading, interpreting and developing an in-depth knowledge and understanding of the regulation and ending with a successful implementation across all impacted business units. Plus, you will provide oversight to multiple business units with their ability to detect, assess, and respond to emerging risks. Criteria for application include a Bachelor's degree preferred (or four years' relevant experience) plus 10 or more years' of banking regulatory compliance or related legal experience. A Certified Regulatory Compliance Manager (CRCM) certification or other applicable/relevant certifications or licenses are helpful––but not required. See all the information you need.
Want a new job, fast? Check out The American Banker Job Board for thousands of opportunities
