Decades ago, it was typical for an employee to work their entire career for one company, climb the corporate ladder, and retire with a nice pension. Two major things have changed in recent years: pensions have been replaced with 401(k) plans, and most people no longer work for the same company their entire career. In fact, the Bureau of Labor Statistics reports that the average person stays at each of their jobs for 4.6 years, which means job-hopping has become the new normal.
