New Job Offers Double Salary - Safe Change In This Economic Slow Down?

Moreover the power sector is bound to grow because of shortfall by govt electricity boards. Please consider following aspects:
1. Do you have job dis-satisfaction in govt job.
2.Age bracket - If below 30, and you are confident of your capabilities private sector would be rewarding.
3. However, keep it in mind that you will get less time with your family members and less privileges such as leave, etc
4. Regarding package - Weigh the financial aspect of subsidised housing which you might be having in central locality given by govt
Best wishes,
JP

I agree with Cyril's suggestion. Job security is very much important in present context. Hence, before leaving the present job think rationally.

Dear Friend ,
There is a lot of opportunity in this slow down of economy too. If some one offered you double salary , certainly he has assessed your capacity and ability . But please remember that in private organization is always challenging field . if you perform there is lot of scope but versa vis. In your CV what you had written down you have to know all the things. You know your ability and capacity very well . if you have that much confident that you can do your assigned job , I will advice please change your job don't afraid of slow down of economy. Please be remember you have called to fill the vacancy then where is question for fear only you have to perform.
Personally I advice to join new Co. but if you more conscious of Job security please don't join.
Thanks ,Pramod

leave your govt job only for salary is not correct,
if current job salary is less think of your long term benifits.what comes to u in the couple of years 4 - 5 years,
then match ur private job which gives you instant more,
then the decision is yours all the best to u

Hi,
I think you should not jump to the private sector for money sake, I feel job security is very important and more over think once whether you can adjust to the private sector culture or not ? ultimately money is not only the thing you shld concentrate, there is something more than that, thats satisfaction..........:-P
So dont think much stick on to the job which is very secure, Listen you are thinking alot before joining a company about your existence, just think how the situation would be after joining......always thinking....pressure, stress, strain.....do u need all those, then Private sector is best....:icon10:
But i prefer govt job......
Thanks,
Kiran Kumar

Power Sector Expertise And Experience Is In Huge Demand.... If You Are Not Lazy Or Inefficient And Want To Grow Fast Quit Government Job. Your Increments Are Only 20% Of Market Rates For Incrments And Growth Rate Is 5% Of Market In Government. You Become Manager After Attaining 20 Years Service Where As In Private Its Perormance Based Promotions And Pay Your Can Raise Faster Than Government Sector........

Hi,
This is an important decision which only you can make based on You.Just analyse the pros and cons of the offer and decide accordingly.
Regards
Anitha

Hi,
Although most of the points have been covered by other senior members.
Do a CBA in terms of CTC in both the companies:
- There could be lots of perks/benefits provided in govt companies which are not counted in CTC
- Almost entire CTC would be fixed no variable component(I believe) in Govt co
- There could be lot of tax advantages/shields because of non cash benefits in Govt sector
- Is everything in private co. CTC fixed, how much is variable
- How is your taxability on both CTCs
After all this, if u are confident then only join.
Thanks,
Verma HR

It Is Highly Dangerous For One To Change Existing Job To Another And That Too With A Private One. You May Get Good Salary But Not Job Satisfaction / Security. Wait And Watch. Keep A Vigil Eye On Power Sector And Then Only Decide. With Best Regardsmanoj Gupta.dy Mgr -marketing.

Suggesations given by "elpushparaj" are seems good.
But in general, if you are on permanant role of Govt. Job as a Engineer in Power Sector.
DON'T LEAVE IT..... FOR DOUBLE SALARY... MAKE UR MIND happy AND ADJUSTABLE IN EXISTING SALARY......... MANY OF THE OTHER SOURCES FOR INCOME IN GOVT. JOB IN FUTURE ALONG WITH YOUR PROMOTIONS.
Regards,
Gaurav Arora