Sunday, September 26, 2010

12 Reasons for NOT changing your Job

Here are a few reasons against Job Change:

  1. Your Company is passing through a rough phase, but there is nothing specifically wrong with your Company. The entire industry sector is going through the same rough phase. You believe in the long term growth story of your current Organization and you know that when things turn around, you will be in a much better position.
  2. Your Organization is going through a rough phase, but you have enough influence to try to improve things. The experience that you can gain by working through rough times and help your Organization recover its past glory is priceless!
  3. You did not get a good increment due to poor performance compared to your peers. Nevertheless your boss appreciates your accomplishments and provides you periodic feedback on how to improve your performance. Your Boss has also helped you formulate a career plan and has agreed to provide adequate training/coaching in the areas that you need improvement. You can probably get a better salary elsewhere if you decided to move, but doing so may not provide you the opportunity to improve your weaknesses.
  4. If your are an obsessive compulsive job hopper (going by your past records) you need to do some soul searching before you decide to accept the new offer!
  5. Your current job may not be as paying as a new job offer, but there is tremendous opportunity to learn and gain valuable experience from your current job. Try not to change your job just for some extra money!
  6. You are comfortable with your current job. You already have some personal issue to deal with (newborn child, ill health of a family member, etc) and cannot afford to take on added stress by accepting a new job offer.
  7. You are not happy with your take home salary. Remember to do an apples-to-apples comparison with your new offer. You need to consider all the benefits including vacation days, bonus, medical insurance, stock options, tax implications on the new salary structure, etc. Microsoft Excel is the best tool to perform this analysis.
  8. Your new job offer will requires you to take on too many extra responsibilities without proportional increase in Compensation.
  9. If you accept the new offer, your daily commute time will increase substantially and might impact your work-life balance.
  10. The new Company does not have a good reputation in the market.
  11. You have doubts about the business road-map of the new Company, or unsure of your role in the new organization.
  12. Although counter-offers are not always a good thing. But if you have good relationship with your current organization and your boss gives you a counter offer, you might seriously consider the pros and coons of accepting the counter offer.
View Related Post: 24 Reasons for Job Change

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