2009-11-26

Change or Stick On

which is better? Changing jobs or sticking around at one place. sticking around seems to be a better thing to do. 
1. the power of compounding plays very well when one is sticking around at one place - people who join a company early have higher salaries
2. when people quit, people are perhaps catching downturns in the new company and missing upturns in the companies they leave - while one may get a jump in grade and salary as one changes a job, in the long run one loses out
3. it takes good amount of time building equity at the new place
4. we always overestimate the incidence of politics at the place of work and underestimate the incidence at the proposed place of joining* 

PS: there would be no need for exec search firms if the above holds good all the time. or people believed in this all the time. for many people jumping jobs works best.
* well explained by the saying - we think in generalities but live in details

No comments:

2009-11-26

Change or Stick On

which is better? Changing jobs or sticking around at one place. sticking around seems to be a better thing to do. 
1. the power of compounding plays very well when one is sticking around at one place - people who join a company early have higher salaries
2. when people quit, people are perhaps catching downturns in the new company and missing upturns in the companies they leave - while one may get a jump in grade and salary as one changes a job, in the long run one loses out
3. it takes good amount of time building equity at the new place
4. we always overestimate the incidence of politics at the place of work and underestimate the incidence at the proposed place of joining* 

PS: there would be no need for exec search firms if the above holds good all the time. or people believed in this all the time. for many people jumping jobs works best.
* well explained by the saying - we think in generalities but live in details

No comments: