New job offers double salary - safe change in this economic slow down?
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New job offers double salary - safe change in this economic slow down?

blue.quill Started The Discussion:

i am working in a govt concern currently. i have been offered a job in one of the leading organisation in the private sector. The offered salary is more than double of my current salary. I am in dilemma. will it be safe to change jobs during this economic slow down? All the people close to me are advising me against this. What i wonder is that if a company is willing to pay me that much when the economy on the whole is looking down, surely the job there wont be as "insecure". What should I do?

P.S. - I am an engineer in the power sector.

Shashidhar_s - Member Since: Oct 2008
Hi, Jump to private sector. You can earn an "X" amount by working in a private sector for a lesser period, there might not be job security but sure you will get another job. — Shash

Suri Babu Komakula - Member Since: Sep 2008
Dear friend

Job security is very important. Now you are working in a Government concern Company where job security is available. Merely because of doubling your salary, you will not have job security in private sector. However, you mind is blinking to accept the higher salary job, because of salary hike. I advise you not to quit your present Government Concern Company job. You just take a lien from your comapay for a period of one year ( subject to renewal year by year ) and join in the private sector job, so that you rights to come back to your original job will be retained. If any things happens to your disadvantage, you can repatriate back to your original job where your lien was retained. So best of luck

Suri Babu Komakula


Quote:
Originally Posted by blue.quill View Post
i am working in a govt concern currently. i have been offered a job in one of the leading organisation in the private sector. The offered salary is more than double of my current salary. I am in dilemma. will it be safe to change jobs during this economic slow down? All the people close to me are advising me against this. What i wonder is that if a company is willing to pay me that much when the economy on the whole is looking down, surely the job there wont be as "insecure". What should I do?

P.S. - I am an engineer in the power sector.

sanseli07 - Member Since: Jan 2008
it's all about taking calculated risks today. You can make a thorough research about the company if you have doubts. getting opportunities today and that too during this slowdown is rare and one should capitalise on it.

if you are an ambitious person and want to reach somewhere then you have to take calculated risks. Companies are not foolish to pay someone a high scale when the economy is at its slowest peak.

So go ahead and grab it after you have made your research and background check of the company.

All the best !

sujal_03 - Member Since: Sep 2008
Dear Blue You need to be first very clear in mind whether job security is important or the double salary. Think about it and follow your heart. Whatever happens be ready to face it. Regards Sonali

blue.quill - Member Since: Nov 2008
thank you all for your advice. I shall definitely give this matter deep thought and then take a decision.

ccdepindia@yahoo.co.in - Member Since: Jun 2005
Hi,

You have rightly been advised to make an objective assessment. Dont be lured by the salary offered by private sector. Remember, the salary if for ONE MONTH. You may not be there in the following month. The 'job security' is very important which you must not ignore. However, if you are financially stable, and are confident about your own self, and the organisation you are joining is good and being professionally run, you may take the plunge.

Another factor you must take in to consideration is whether you are happy with your curresnt job or not. If you are not, this could also be the compelling factor to leave your job.

Wishing you all the best

Cyril

laxmanan - Member Since: Sep 2008
Hi I am Lakshmanan from Chennai. If you get the gotten the offer mean by software line. Please think in your future, else you gotten manufacturing line mean definitely you have to go there.

Regards,
Lakshmanan M
9840344092

elpushparaj - Member Since: Sep 2008
Hi! u need to consider following before u could join new job:
1. think about urself, ur capicity, ur experience n confidence level to get another new job in case u loose old one.
2. Think wat u need secured job or high salary job or both.
for both consider following things:
1. try to find the durability and ur requirement in the new pvt sector.
2. to what extend ur required by the new company.
3. If they r ready to pay u double of existing than ask them to issue u offer letter/appointment letter with the terms of advance 3 months notice to u incase they want u to leave the job.
4. If ur young energetic and if u feel that u can earn in any other company more than existing govt. sector at any time than u can definately opt for the new change.
5. try to take a long leave from existing job and join new pvt, sector to try n see how reliable the pvt sector is, at ur own risk.
6. finally every thing depends on ur capicity, experience ,confidence and mental and physical convenience.
I always believe in change with optimum returns.:lol:
u can call me on +919923588577

a_v_ramanan - Member Since: Dec 2007
With your knowledge and background you might be feeling that private sector might be the right place to get your work recognized. Mostly it does not happen so, further more, in care of further reduction in man power due to the current global scenario, you might be in the first list of employees to be terminated, based upon your tneure with your pvt co.

Govt. employment really pays you back especially after your retirement, with assured monthly pension / income.

Choise yours, but i suppose you would be wise enough.

with best wishes,
A V Ramanan:)



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