We want to stay but you're making it hard...

Baby boomers or basically, my parents, have the mentality that people should be loyal and stay with the company for a long period of time. I agree that employees shouldn't job-hop too much and it doesn't look good on your resume and I would prefer to stay with a company for a few years before considering any better opportunities. However, I feel that my mindset has changed. Friends who have jobhopped constantly within the past few years are earning more. Simply because, when you stay with a company, you only get 1 pay review a year. If you job hop within 6 months of the pay review, you will get a payrise instead of having to wait a full year and with every new job, its an increase in salary. So compared to someone who is loyal and stay with the same company, you are about $10K worst off within a 2-3 years and well, $10K isn't a huge sum but is a significant figure, especially when you are trying to get that home loan to buy a dream house or car.

So bottomline, instead of blaming employees, why not blame the company for not being able to come up with salary that will match their competitors constantly instead of waiting for a yearly review and then at board meetings, wonder why there's a high turnover? There's major resource company thats willing to do that and they are happy to give you $5K on top of other competitor's pay just to keep their employees because they rather do that as it cost more to retrain someone. Why can't all companies have that mentality as well? Maybe that will lower a company's turnover? With inflation and rising cost of living, you can't blame employees for wanting more.