The pay premium for job-hopping is disappearing—switching roles nearly has nearly the same payoff as staying loyal to an employer

Workers have long been taught that job-hopping is the fastest way to rise through the ranks and secure big pay raises—but the career strategy has lost its edge. 

Professionals who switched jobs this January only got a median pay increase of around 4%, according to a recent Bank of America study. Meanwhile, those who stayed in their roles during the same period received a 3.5% wage bump, according to the Atlanta Fed’s Wage Growth Tracker. 

And the financial incentive for workers...