Gone is the era when employees use to stick to one organization for life long (well even after retirement they use to get a pension from that company only). With the privatization of business and increased opportunities in hands, you will hardly find a person whose resume can boast of serving a single organization until he retires.
Now the question arises: Who is at the loss if an employee is switching his job?
Both employee and employer have different answers to this question under different circumstances. If given a chance, more or less every Employee wants to switch to a better opportunity. The chances increase if that person is a fresher.
Fresher has nothing important at stake as he has just joined the corporate world and if working for a month in a company gives him a chance to join the competitor with a salary raise, he will certainly look for the greener pastures. But he fails to understand the long term negative impacts. Today we will discuss some pros and cons of changing jobs both for Employees and Employers.
Joining a new organization is directly proportional to the salary hike. I mean, why in the world you would want to change your job without an adequate raise if other things are in line?
People may also take up a new job for a better position or an important role in the new organization.
People joining the new organizations can enhance their knowledge and sharpen their skills as each organization has its own way of working and after a certain time, you may feel that your growth is almost stagnant in the current organization.
Some employees also change their job owing to miserable working conditions like
late office hours
No payment for overtime
Working on holidays
Too much travelling
Unrealistic sales target
Lack of appreciation is one of the biggest factors of dissatisfaction among employees. They can survive with meagre pay hikes but appreciation is like oxygen and lack of oxygen makes survival impossible.
You may also get stuck in a situation where the company can’t afford you after certain pay hikes and may start seeing you as a liability.
Benefits for Employers
Companies always welcome fresh talent and every new joiner definitely brings knowledge of at least one good process or procedure that can be incorporated to make the company better.
Some companies have a clear policy of not retaining the employees who have finally decided to leave. Companies think that once an employee has decided to leave, his/her loyalty towards the company vanishes. Even if he is retained once what is the surety that he will not look out for another opportunity in the future?
In the case of a stained employer-employee relationship, it’s better for both parties to part their ways before it’s tarnished beyond repair.
My superior in one of my previous organization had a philosophy that when you need a person with no special skills for a particular job, you should always go for a fresher and train him. After a year start searching for a fresher for the same post. This way you don’t have to pay for increment each year. This may sound more like a contractual job to you.
Drawbacks for Employees
Too much job-hopping makes you an unreliable candidate in eyes of Employer.
The world is too small. Don’t think that the current employer can never get to know about your three job switches in the past six months, even if you haven’t mentioned that in your CV.
Big companies go for background verification and ex-employers feedback.
If you are changing your job in hope of getting a better boss or co-workers, don’t take the risk without a thorough study of your prospective employer.
If a person has changed too many jobs, then his chances of getting a better paying job decrease, and the employer dominates the salary negotiation.
New hire makes your HR budget go up with repetitive recruitment and training costs.
Every employee going out of the organization makes your company work practices and trade secrets more vulnerable.
Your valuable time, effort, and money go waste in training every new joinee.
A company’s image also maculates if too many employees are leaving the organization.
Well, to be honest, there is no certain time period till when an employee should work in one organization, but yes employee and employer should dream together to take the company to new heights and employees should also be benefited to retain them.