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.?
From India, Bangalore
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From India, Bangalore
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Dear Friend,
According to me, salary is not the only thing that has to be considered when changing jobs. A few other important aspects are the security of the job, the working environment, and growth. Just imagine if we receive, let's say, a 5K hike and decide to join a private company, leaving behind a multinational corporation (MNC). What if the management then considers you to be a costly affair? What would happen to you and your family dependents? Therefore, you need to analyze all other aspects as well. Create a pros and cons table and discuss all the points with your family, wife, or any immediate dependents. Seek their opinions and then make a decision. I do not recommend switching from an MNC to a private company just for a salary hike.
Regards and all the best,
JSR
From India, Hyderabad
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38According to me, salary is not the only thing that has to be considered when changing jobs. A few other important aspects are the security of the job, the working environment, and growth. Just imagine if we receive, let's say, a 5K hike and decide to join a private company, leaving behind a multinational corporation (MNC). What if the management then considers you to be a costly affair? What would happen to you and your family dependents? Therefore, you need to analyze all other aspects as well. Create a pros and cons table and discuss all the points with your family, wife, or any immediate dependents. Seek their opinions and then make a decision. I do not recommend switching from an MNC to a private company just for a salary hike.
Regards and all the best,
JSR
From India, Hyderabad
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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 the future.
A career in a reputed MNC itself carries a certain weight. If a salary hike is the only criterion, then one may find better opportunities in other MNCs or reputed Indian companies.
Warm regards.
From India, Delhi
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A career in a reputed MNC itself carries a certain weight. If a salary hike is the only criterion, then one may find better opportunities in other MNCs or reputed Indian companies.
Warm regards.
From India, Delhi
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one should not change seeing the title and hike.must know about the company in all respects before you join
From India, Hyderabad
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From India, Hyderabad
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According to my opinion, you should not move to a Pvt. Ltd. firm just by looking at the salary. I agree with Shreeram 70. Everybody should consider all aspects mentioned above before taking any decision.
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This revised text corrects the spelling and grammar errors while maintaining the original meaning and tone.
From India, Pune
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This revised text corrects the spelling and grammar errors while maintaining the original meaning and tone.
From India, Pune
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I agree with the above comments. There is a huge difference between a multinational and a Pvt Ltd company culture. In a multinational company, everything is framed and written, but Pvt Ltd. companies are person-oriented.
Govind Pawar
From India, Mumbai
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Govind Pawar
From India, Mumbai
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Dear Friend,
I agree with all the above statements. However, I would like to add a few more different points. Also, the priorities are different from person to person. Your friend is working in an MNC, but currently, what power does he have? If he is shifting to a 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 an MNC too. Because what I observed in an MNC is that mostly your work area is very limited.
Plus, I accept that the newly opened Pvt Co may think "you are a costly affair," but if your friend performs better, then management may think about salary and post hike also. Because, though every company thinks about the budget of the department, on the other side, they are not ready to lose good performers also.
Also, suggest your friend check the professionalism of the newly opened company; this is a very important thing.
Convey my good wishes to your friend.
Regards,
Akshay
From India, Pune
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I agree with all the above statements. However, I would like to add a few more different points. Also, the priorities are different from person to person. Your friend is working in an MNC, but currently, what power does he have? If he is shifting to a 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 an MNC too. Because what I observed in an MNC is that mostly your work area is very limited.
Plus, I accept that the newly opened Pvt Co may think "you are a costly affair," but if your friend performs better, then management may think about salary and post hike also. Because, though every company thinks about the budget of the department, on the other side, they are not ready to lose good performers also.
Also, suggest your friend check the professionalism of the newly opened company; this is a very important thing.
Convey my good wishes to your friend.
Regards,
Akshay
From India, Pune
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There is a growing cult around MNCs in India. Many have been shown the door by MNCs. I don't think there is any job security with MNCs. Analyze the new company's growth prospects, their business line, market acceptability, and any other factors. If you see encouraging signs, there is nothing wrong with opting for new challenges. If you perform well in a challenging atmosphere, your growth will be phenomenal. There is no question of a difference between an MNC and a Pvt Co, but where you will stand in the long term. In this competitive era, no company can provide you with job comfort and security. It is "perform or perish."
Pon, Chennai
From India, Lucknow
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Pon, Chennai
From India, Lucknow
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Hello,
I run a small private limited IT company. The employees I have are coming from WHO, TCS, and other such companies and are happy with our environment. They are our assets, and we cannot afford to lose their services and commitments. All are satisfied and enjoy their working environment.
So, you need to consider the company's prospects, atmosphere, growth opportunities, and exposure scope along with the salary hike before making a decision. In MNCs, you may not get good exposure as you are confined to just one field, and your lower performance may go unnoticed. However, this is not the case in private limited companies. Therefore, do not just follow conventions; consider all aspects before deciding.
From India, New Delhi
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I run a small private limited IT company. The employees I have are coming from WHO, TCS, and other such companies and are happy with our environment. They are our assets, and we cannot afford to lose their services and commitments. All are satisfied and enjoy their working environment.
So, you need to consider the company's prospects, atmosphere, growth opportunities, and exposure scope along with the salary hike before making a decision. In MNCs, you may not get good exposure as you are confined to just one field, and your lower performance may go unnoticed. However, this is not the case in private limited companies. Therefore, do not just follow conventions; consider all aspects before deciding.
From India, New Delhi
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Greetings Anonymous,
As Mr. Pon has rightly pointed out, many MNCs 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 the notice pay due to employees and closed operations overnight without any advance intimation.
Hence, in my opinion, whether it is an 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 the longevity of the company, the 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 startup 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 honored 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 a 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
From India, Madras
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As Mr. Pon has rightly pointed out, many MNCs 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 the notice pay due to employees and closed operations overnight without any advance intimation.
Hence, in my opinion, whether it is an 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 the longevity of the company, the 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 startup 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 honored 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 a 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
From India, Madras
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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 the 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 background 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
From India, Mumbai
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You need to do a risk analysis, researching about the 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 background 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
From India, Mumbai
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I think all the suggestions from these nice individuals are very useful. However, after speaking with the HR of that company, he assured me that they have work for the next 5 years. The Australian company with which this small PVT. LTD. company is collaborating is large enough, and all their design work for PLC and Automation will be done solely by this PVT. LTD. company. Please verify this information and provide your suggestions once more.
From India, Bangalore
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From India, Bangalore
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Greetings, Anonymous,
It appears that the Australian firm is outsourcing its design and automation work to a 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 to offer expert opinion on the future prospects of a company, as the industry is quite volatile. We have seen television companies in the past, like Dyanora, Solitaire, BPL, ECTV, etc., names we have seen in the 1980s.
Regards
From India, Madras
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It appears that the Australian firm is outsourcing its design and automation work to a 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 to offer expert opinion on the future prospects of a company, as the industry is quite volatile. We have seen television companies in the past, like Dyanora, Solitaire, BPL, ECTV, etc., names we have seen in the 1980s.
Regards
From India, Madras
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As per my view hike is also matter a lot because without hike we cannot survive.
From United States, Los Angeles
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From United States, Los Angeles
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I fail to understand what the difference is between a Pvt Ltd Company and an MNC. Is an MNC not a private Ltd company in India, and my learned friends are not pointing out. MNCs are also Pvt Ltd companies depending on shareholding. Companies-wise, there is no difference.
Ideally, it should be considered whether changing jobs from an established MNC (Pvt Ltd) to a newly incorporated Pvt Ltd company is good or bad. It depends on a number of factors already discussed as above.
From India, Delhi
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Ideally, it should be considered whether changing jobs from an established MNC (Pvt Ltd) to a newly incorporated Pvt Ltd company is good or bad. It depends on a number of factors already discussed as above.
From India, Delhi
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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 organization as Vice President of Global... Then he was asked to leave without giving reasons. So, a 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
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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 organization as Vice President of Global... Then he was asked to leave without giving reasons. So, a 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
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Maybe he needs to adjust to the culture. Speaking for myself, I have worked as an admin in large corporations with turnovers of millions and staff strengths exceeding 5k. This experience has shaped my perception of company culture, making me uncomfortable in mid-sized firms. This is my opinion, and you may disagree.
P.S.: Salary is another consideration. While MNCs may not offer high pay, they often provide other perks.
From India, Delhi
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P.S.: Salary is another consideration. While MNCs may not offer high pay, they often provide other perks.
From India, Delhi
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