All the learned members above have given very valid inputs showing both sides of the coin. I have nothing much to add except that every MNC may not be a place for growth and security and every new company may not be engulfed in uncertainty.You need to do a risk analysis, researching about relative merits of both the companies in terms of their cultures,benefits, growth and learning opportunities, long term demands for products and services offered by the new company, your financial back ground and ability to take the risk and ability to cope with the challenges of a new company since it wants to grow fast and thus push the employees to perform.You need to weigh all this before taking a call. All the best.

From India, Mumbai
I think this all suggestions from all of nice persons are very usefull. But he speaks with HR of that company and he assured that they have work for next 5 years as that Australian company with which this small PVT. LTD. company is collaborating is big enough and their all design works for PLC and Automation will be done by only this PVT. LTD. company. Please check this and suggest again...
From India, Bangalore
Greetings Anonymous,
It appears that the Australian firm is outsourcing its design and automation work to the private limited company. There are instances when the private company is also bought out by companies overseas. Likewise there are also instances wherein the outsourcing is reassigned to yet another company which is more competitive.
As said earlier, ask your friend to weigh options and then decide.
In my opinion I am not sure whether any member will be in a position and offer expert opinion on future prospects of a company as the industry is quite volatile and we have seen television companies in the past, like Dyanora, Solitaire, BPL, ECTV, etc are names we have seen in 1980's.

From India, Madras
As per my view hike is also matter a lot because without hike we cannot survive.
From United States, Los Angeles
i fail to understand what it difference between Pvt Ltd Company and MNC? is MNC not a private Ltd company in India and my learned friends are not pointing out. MNC are also pvt ltd company depending on share holding. companieswise there is no difference.
ideally its should whether, changing job from established MNC( Pvt Ltd) to a newly incorporated Pvt Ltd company is good or bad. It depends on number of factors already discussed as above.

Dear all,

Learned friends have given apt responses based on the limited information. That's why I have not appreciated and validated their responses.

Dear Anonymous, I take this opportunity to appeal to all bloggers to give enough information about the person and the scenario. For example, had you given all the information, it would have helped people to give precise answers without having to assume (ASS-U-ME). Let me give some examples of the information that would have helped. How old is your friend and how long has (s)he been working for the MNC? What position does (s)he hold in the company? Is it a she or a he? What family commitments are there?

I know of a person that worked for a large computer firm in the United States. When he applied for jobs through consultants, he was told that he did not have any experience of working in small companies. He was only 28 at that time and not married. So, when HP were laying off people, he joined a small firm and quit that after one year and joined another small firm to get wider experience. Then he joined a large organisation as Vice President of Global ...... Then he was asked to leave without giving reasons. So, job in an MNC is not a guarantee. Now, at the age of 40 he is back at HP.

Another person that worked for an MNC, joined a small firm at a very high position; became the CEO within 5 years . His company was acquired by his old MNC and he became a millionaire within 10 years of leaving the MNC and is back with them.

So, what your friend should do depends upon his background, capabilities, inclination and above all LUCK.

Finally, I wonder why you have chosen to be Anonymous when raising a question about a friend!!!

From United Kingdom

may be he needs to adjust in the culture, as if i talk about my self, i am working and worked as admin in large corporates having turnover of millions and having emp strngth more than 5k, and that reflect on companies culture, so i feel uncomfortable in working mid sized firms, its my opinion, you may disagree,
PS: salary is another thing, may be MNC not paying a good amount but still their are other perks

From India, Delhi
Dear All, Thanks for advices from all respected peoples. I am revoking my resignation. I have gone through all the comments and has taken this decision. Tons of thanks!!!
From India, Bangalore

If you are knowledgeable about any fact, resource or experience related to this topic - please add your views using the reply box below. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone.

Please Login To Add Reply →

About Us Advertise Contact Us Testimonials
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2022 CiteHRô

All Material Copyright And Trademarks Posted Held By Respective Owners.
Panel Selection For Threads Are Automated - Members Notified Via CiteMailer Server