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Is changing job is a good option now???

 
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Hi All,

I am working in banglore in a small software company, I am getting paid really less compare to other people of experience equal to me.I have been working in this company just because the work is good and I am learning lot of things in java here.Now I feel I am good at java, I cleared SCJP with 94%.Now I want to use my knowledge for earning.

So I am thinking of change in my job, I want to join a company which can pay me better (I have decided to change my job also because work has become boring in my current job).

I want your opinion on whether changing job is a good idea in this terrible economic slowdown???.
[ December 31, 2008: Message edited by: ramesh maredu ]
 
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This is the right time to change the job.With lesser work and cost cutting, you will be hired today only if you are required.Companies will be very serious in hiring unlike in the past five years when they hired thousands per quarter.
Year 2009 will be tougher for over all IT.Even though dollar/rupee exchange rate is high,many projects are shutting down and companies have reduced their hourly rates to fetch any work.
 
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It may also be a very bad time to be switching jobs. Companies may miscalculate how many employees are needed (as projected work does not materialize), and hire new folks up to the very moment layoffs are announced. That happens all the time. In that case, the latest hires will generally be the ones to be let go first.
 
ramesh maredu
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Two answers are opposite to each other

It sees changing job is like playing with my luck.

Any other suggestions are welcome.
 
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I think Ulf is right.
 
Arjun Shastry
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Originally posted by ramesh maredu:

It sees changing job is like playing with my luck.


It was always!
If you are thinking of switching,you also need to check new company's history,whats their long term goal,layoff history etc and compare them with your current employer.
 
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Originally posted by ramesh maredu:
Two answers are opposite to each other



But of course. That's like asking, is it a good time to start a company? It's a bad time to start a retail company, since no one in buying; it's a great time to start a company that has immediate results to cut costs to their clients, since companies are desperate for that. So if someone asks, should I start a company, the answer is "it depends on what company you're starting."

Ulf is right that if a company miscalculates, often the last hired is that first fired. Of course, I've seen many finance companies recent lay off lots of people and then hire a bunch of consultants since they cut some of the wrong people.

If you find another company where there is a role that's important to them which you can do, and/or they are doing well in this market, it might be a good change to make. Likewise if you're at a 40% discount to your fair market rate another company might be happy to hire you at a 20% discount, yielding you a salary increase while still providing a cost savings to a cash strapped company.


--Mark
 
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My advise would be to keep looking and when you have some offers look at the following aspects in your decision making. You will be the best person to make that decision.

-- How secured or stable your current job is? Is there enough work? Are your contributions recognized? etc.

-- How much more is your new role paying? Opprtunities to widen your skills at the new job?. Is it more challenging? etc.

-- Preparedness to take a risk for better salary, expanding your horizons, etc.

-- Confidence: how much employable you are if something is not upto your expectations in the new role.


"Nothing ventured nothing gained". Take a calculated risk. Continue to make a good rapport with your current company, even if you decide to leave. Networking should be a vital part of your career.


Not an easy decision to make. Good luck.
[ January 01, 2009: Message edited by: arulk pillai ]
 
ramesh maredu
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Thanks All for your valuable suggestions.

I will look for change in my job and will be very careful in arriving to a decision.I will consider your suggestions in the process.

Once again thank you very much
 
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