How frequently to switch companies for salary growth?

I Personally believe that, a switch should be made every 2 years.

Reason : In a span of 2 yrs you have a fair share of knowledge about the current company and your skill sets. If you believe you are undervalued as per your skills, jump off the board.

Coming to the point of matching compensation in the current company. What's the point after putting papers and then matching it. If they are willing to pay the same amount they could have given much before not after resigning.

Never ever stay back after resignation, they start treating you like a slave.

Lol. I would be very wary to hire a jumper, esp for senior position, he/she is gonna jump in 1-2 years, what is the point of hiring and investing time anyway?

From the other side of the table I can say those who switch frequently have never seen a full review and been there to experience the fruits and problems of past decisions. Generally are bookish and hence can crack interviews but are poor when it comes to practical application of book knowledge due to lack of experience. This is a vicious circle and as experience in yoe grows, underperformance compare to peers makes them switch again and this is a vicious loop. Have seen 3-4 cases personally and learnt from it and catch them by crafting interviews away from theory and towards practical thinking and they flunk.

My take would be, if you’re early in your career, switch companies to get wide breadth of experience. Stick to a company you like if factors like pay, growth, leadership are good.

2 yrs should be considered the ideal interval. But few stick to this ideal. Most folks end up spending more than 2 yrs, due to comfort zone, luck factor and salary matching by existing organisation. Also, contrary to the view, switching frequently (before 2 yrs period) doesn’t affect adversely. I know an average guy from tier 3 college, who switched so frequently that his average after 7 yrs, was 1 switch every 1.5 yrs. And he had made into one great product based company too (left that one too). He had a knack for cracking interview. Talking of salary matching by existing organisation, no point of accepting it, since one put lots of efforts in preparing for interviews and cracking them. Also, most of the times, you decide to switch not only for package, but for various other factors- work culture, diverse tech experience etc. I would say, one should revoke the resignation, only if the offer is not only matched but also countered with 30% higher amount, and that too assuming that work culture was not the factor for the switching decision.