Kannanmv
Hr & Administration
Imok
Hr Executive
Dhrao
General Manager - Hr
Nashbramhall
Learning & Teaching Fellow (retired)
Raj Kumar Hansdah
Shrm, Od, Hrd, Pms
Pon1965
Construction
Essykkr
Statutory Complaince/labour & Employment
Sreeram70
Manager
+3 Others

Thread Started by #Anonymous

My friend has got job in a PVT. LTD. company with good hike . He is now in a Multi National Company. Is it good to change from established company to newly opened pvt. ltd. company.?
2nd January 2014 From India, Bangalore
Dear Friend, According to me salary is not only thing which has to be considered while changing job. few of other aspects and important are security of job, working environment, growth, Just imagine if we get say 5K hike we will join a pvt company leaving a MNC. after this say if management feel that you are a costly affair then what will happen to you and your family dependents?? therefore you will have to analyze all other aspects also drawing plus and minus table and after this also discuss all the points with your family or wife or your immediate dependent, then take an opinion from them and then take a decission. I do not suggest to change from MNC to PVT just for salary hike. Regards and all the best. JSR
2nd January 2014 From India, Hyderabad
I agree with the above comment.
It is a very risky venture to opt for a newly opened Pvt. Ltd. Co.; for even its owners may not know how it will perform in future.
A career in a reputed MNC itself carries certain weight. If salary hike is the only criterion, then one may get better opportunities in other MNCs or reputed Indian companies.
Warm regards.
2nd January 2014 From India, Delhi
one should not change seeing the title and hike.must know about the company in all respects before you join
3rd January 2014 From India, Hyderabad
According to my opinion you should not move to a pvt. Ltd. firm just by looking at salary. I am agree with Shreeram 70.Everybody should consider all aspects mentioned above before taking any decision.
4th January 2014 From India, Pune
I agree with above comments. Their is huge difference between Multinational & Pvt Ltd co. culture.
In Multinational co. everything is framed & written but Pvt Ltd. co. are person oriented.
Govind Pawar

4th January 2014 From India, Mumbai
Dear Friend,
I agree with all above statements ...
But I would like to add few more diffrent points. Also the priorities are diffrent from person to person.
Your Friend is working in MNC but currently what power he has? If he is shifting to Newly Opened Pvt Co., then he may enjoy lots of powers. He can learn lots of new things, which he is not able to learn by serving MNC too ... Because, what I observed in MNC is, mostly your work area is very limited ...
Plus, I accept the Newly Opened Pvt Co may think "you are a costly affair" but if your friend perform better, then management may think about Salary & post hike also. Because, though every company think about "Budget of Department" but on the other side they are not ready to loose good performers also.
Also, suggest your friend to check Professionalism of the newly Opened Comany, this is the very important thing.
Convey my Good Wishes to your Friend..
Regards,
Akshay
4th January 2014 From India, Pune
There is growing cult about MNCs in India. Many have been shown the door from the MNCs. I don't think any job security with MNCs. Analyse the new company's growth prospects, their business line, market acceptability, any other factors. If you see encouraging signs, nothing wrong to opt the new challenges. Suppose you perform in the challenging atmosphere, your growth will be phenomenal. There is no question of difference betn MNC and a Pvt Co but where you are going to stand in the long term. In this competitive era, no company provide you job comfort and security. It is "perform or Perish".
Pon, Chennai
4th January 2014 From India, Lucknow
Hello,
I run a small private limited IT company. The employees I got are coming from WHO, TCS and other such companies and are happy with our environment. They are our assets and we can not afford to lose their services and commitments. All are satisfied and enjoy their working environment.
So you need to see the company prospective, atmosphere, growth opportunities and exposures scope along with the salary hike and only then decide. In MNCs you do not get good exposure as you are put in just one field and may be your some lesser performance may not be detected but it is not in the case of private limited companies. So just not go by conventions but go by all aspects.
6th January 2014 From India, New Delhi
Greetings Anonymous,

As Mr.Pon has rightly pointed out many MNC's have hired professionals offering them lucrative salaries. Without knowing the intentions, unwary candidates have fallen into the trap. I am aware of a reputed MNC that merely paid up the notice pay due to employees and closed operations overnight without any advance intimation.

Hence, in my opinion whether it is MNC or private company, do some research about the company and its prospects before joining it. Private companies are a little conservative as most of them are owner managed, so the company takes cautious steps while embarking on expansion plans.

Weigh the offer, look for longevity of the company, company's brand image, market potential for the products, future prospects in the company, turnover of the company for the past few years and the work culture.

It will be a great risk to join a start up private company. However, if you are quite young and willing to take the risk, you can certainly test the waters. On the other hand, if you have financial commitments to be honoured and in your opinion you cannot afford to take the risk, then ignore it and continue with your present employment.

Private enterprises do offer you the variety you will be looking for, challenges, freedom (to limited extent, as most of them are owner managed) and if you have the leadership quality, you can certainly experiment at the early stages of your career.

Regards
6th January 2014 From India, Madras
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.
B.Saikumar

7th January 2014 From India, Mumbai
#Anonymous
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...
8th January 2014 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.
Regards
8th January 2014 From India, Madras
As per my view hike is also matter a lot because without hike we cannot survive.
9th January 2014 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.
10th January 2014
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!!!
10th January 2014 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
11th January 2014 From India, Delhi
#Anonymous
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!!!
29th January 2014 From India, Bangalore
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