Thursday, April 9, 2009

A perspective on employee loyalty

A survey reported that professionals who regularly changed their jobs are more confident and financially secure than their counterparts. To find out the truth we decided to have a conversation with some of our friends. We began with some professionals who had changed their jobs a year ago.

This is what one had to say:

"I started my career in a company and worked in the same company for 10 years. During this period I developed very good relations with my seniors, HoD and also with admin dept. This created a sense of security in my mind and I started loving my company. During this period I came across many job opportunities from other companies and also from foreign lands. But the sense of security was so deep rooted in my mind that I never bothered to even attend a walk-in-interview. Forget about thinking of going abroad. I watched many of my colleagues resign and join other companies on a higher salary and a higher position. Some even went abroad and are settled there.

Meanwhile I also saw some young engineers almost 5 years junior to me joined my company with same pay as what I was earning. It was then I was disturbed and started looking for alternatives. I had good relations with my HOD and also with administration dept so I decided to put up my case against this "injustice". Everybody showed sympathy to me but nobody took any action, all that they would say were "we will revise your scale in the next appraisal". I had faith in my company so I waited for the appraisal and to my shock I was given only an average increment the same was given to the new chaps too. The same story repeated the following year. It was then I decided to quit.

But leaving was not so easy. I had many of sleepless nights before I actually resigned. I had built a shell of "sense of security" around me and it was very difficult to break. Worse I had lost confidence that I would be able to adjust and perform in a different environment. But later I found out it is not so difficult to get adjusted to the new environment. I am happy now that I earn better and have a good position."

This is just an example. Many professionals we talked to had a similar experience.

WE CONCLUDE THAT WORKING IN ANY COMPANY FOR MORE THAN 4 YEARS HAVE FOLLOWING DISADVANTAGES:

1. You are taken for granted by the company.

2. You get used to working in an environment which is unique to that company this makes you less confident for taking up new opportunities.

3. Personal growth is hampered as there is very little new to learn after 3-4 years.

4. You become complacent reducing your own market value.

5. The only benefit it offers is so called "security" (And that too is imaginary)

HERE ARE SOME BENEFITS OF CHANGING THE JOB REGULARLY:

1. You join the company satisfied with your needs ( pay and position ) and on your own terms.

2. Work in a different environment and learn to negotiate different problems and situations.

3. Often you get a chance to attend a new course/seminar thereby increasing your professional knowledge.

4. You are always conscious about your performance keeping your market value intact.

The professional companies do not operate on emotions. They are least bothered about your loyalty all they want is performance. You won't be
awarded anything extraordinary for your loyalty. It is always performance that counts. If you are in a company serving for too long then the chances are you not one of the best performers because of the inevitable complacency.

Also such people presented with an opportunity of lifetime are incapable to grab it. It is impossible for these people to break their shell of "security" and grab the new opportunity. The situation is worse for the people who have worked for more than 15 years in only one company. They can't even dream of quitting their job - it is like fish out of water.

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