Does frequently switching companies in the IT industry affect career growth?

Changing companies frequently comes with both positive and negative aspects like -

Positive Aspect -

1)Salary Boost - The biggest benefit of changing companies frequently is in salary boost as every new company gives you a minimum 20-30% hike in your salary.

2)Diverse skills - Changing companies frequently also exposes you to new technologies and you learn those and gain knowledge of a diverse field.

3)More Network - Changing companies also give you more connections in the industries with different Kinds of people which helps you in a long-range career.

Negative Aspects -

1)Unreliable image - Changing companies creates your image as an unreliable person to others and maybe you lose some long-term projects as people think you will leave them in the middle.

2)No expertise in anything - Changing companies frequently also makes you knowledgeable in a vast range of technologies but you will not be an expert in any of them as you didn't work long-term on any of them.

3)Problem in adjustment - Changing companies frequently also comes with a problem of adjustment with new technologies and the environment of the new companies. Read more.