Why Staying in the Same Job Could Cost You 50% of Your Salary | Anand Vaishampayan

[@adriankasa4339]

To be frank I have 18 years of experience and I have switched jobs 10 times. I have not stuck to a company for more than 2 years on an average. My experience looks like a long list of grocery list. This becomes a problem when I again try for other organization as they think I am not dependable. So stick to a company 3 or 4 year and then jump to another company. But you have to make sure that you get good hike every time you jump.

[@nikhilkumar-YT]

But when you stick to a company you will not get good salary. One of my friend has 11 years of experience and just switch one company. Now he has just 19 LPA working as a Software Development Team Lead.

[@amj1641]

He should have had switched 3 times atleast in 11 years to have around 30LPA

[@aj7907]

​@@nikhilkumar-YT"Just" 19 LPA?

[@nikhilkumar-YT]

@@aj7907 as per today market standards after 11 years 19 LPA is "just".... Now candidate having 6 years of experience ask 24,25 LPA...

[@pradeepp9126]

Mine is 27.5 lpa 9.5 yrs of exp, switched 3 times but missed to ask for a good hike, Company 1.started with 2.2 lpa switched after 1.5 Yr when it was 3.3 Company 2. Started with just marginal increase to 3.75 thought it was good but I had no idea it was the worst left after 2.5 yrs with 4.7 lpa Company 3. Started with 6lpa no hike in 1 cycle after 2.5 Yr left at 7 lpa Company 4. Started with 17.6 lpa promoted and now at 27.5 lpa (15 % variable included) Lesson learned. 1.Don't underestimate yourself, ask for a good hike it should always be more than 100 percent 2.jump for product based they have good budget 3.dont stay more than 4 yrs however good the company might be. This is way less in my company usually for my exp they offer 40 lpa

[@Rajeshtalkies]

My ex boss advise in early part of your career switch jobs every 2 years and try to get promoted in those two years and after 10 years play steady , unfortunately I never followed this gem of an advise.

[@arjunps6776]

Most techies fall into the lifestyle trap. Whatever they earn, they spend it on buying the most expensive things. There are many techies who have bought apartments over a crore because they have a salary of 30L - 40L. Instead of increasing their net worth with savings and investments, they pay EMI and interest to the bank. Usually, those who stick with one company and earn a humble salary can't afford to fall in lifestyle trap. They save up and work on improving their net worth. Higher salary is a big trap. It cannot be sustained as our value as labour decreases over time. So it's never about huge salary, it's about huge savings by avoiding the lifestyle trap. You may ask, doesn't huge salary lead to big savings. Mostly huge salary leads to unaffordable lifestyle.

[@sukhendra100]

What is Lifestyle Trap ? People should live in Chawl Or Jhopadpatti. Wear that Old style and Eat less and no trips. Is that what you are suggesting ? People should spend when they have enough.

[@JM-ly1vc]

@@sukhendra100 Yes spend lavishly and struggle when you have an emergency.

[@varunr1999]

It is about smartly investing your income, not saving only

[@thanlasisters8983]

Perfectly said, People should not stay more than 3 years in a company..As i am continuing in same company for 13 years, where i am lacking much far behind with my Friends, Collegues. I ama advising my team members and juniors to have a plan to switch company to get higher packages and not to commit same mistake what I did. What u said is Absolutely true..By now atleast i have to switch min 3 companies which i didn't .

[@doncorleone3901]

Why are you becoming a social justice warrior by advising other people? You might be kicked out or worse if people get to know you are doing this kind of nonsense. They will do whats best for them, you should instead use that energy to get a better job for yourself

[@nitingaur1707]

Not just for salary, one should switch for getting new exposure and building new connections

[@leelengchuan1]

words of wisdom, very true. one has to get out of comfort zone asap, even if switching jobs has certain risks.

[@jinxjinko916]

Hello Sir, This is only valid for service based companies where most of the freshers/ young people join at ~3.5LPA even in this era. But product based companies pay freshers minimum 6LPA ALand now a days even 9-10LPA. Usually in product based companies and average employee will also have minimum 2.5x(years of experience) i.e. with 5 years work experience that person will get minimum 12.5LPA. This is as per my observation as I've switched from service to product company.

[@sundershyam250]

If product based employee 10%, service based employ 90%

[@jinxjinko916]

@@sundershyam250 it's irrelevant, as an employee think of employee benefits. What do you prefer? Money or crowd? Quality or quantity.

[@sundershyam250]

You are right.. If one can get into product companies it will be great.. But not everyone are capable to get into product companies.. So i guess the topic here is for those..

[@navaneethk6350]

Sir Can you please give an advice to get hired for me who is a 2024 pass out student in Btech ECE but has interest in software engineering

[@mk2922]

100% correct sir.

[@rajendranv2582]

Switching company will make one more robust, gets broadened approach in handling issues and also will enrich in planning. For the individual growth switching of work space and company will be the most important factors.

[@navneetmohta5495]

Very true loyalty is valued in India, company prefers to pay high salary but won’t give decent hike to existing employees

[@Nachiyaar-ie4pc]

You are absolutely right.

[@subinpaul7154]

Sir in Tcs we have wings 1,2 Journey which boost current package in a competitive way.. like rehiring into different roles

[@sauravalok2357]

And then u get C band and salary will back to penny😂

[@subinpaul7154]

@@sauravalok2357 Did my learning like in your situation band was changed next year.. and with wings 2 increments

[@wbb566]

​@@sauravalok2357 You are right bro

[@suniledlabadkar6864]

Excellent👍

[@tteejjj]

Sir....make video on study motivation, job switching, interview preparation

[@satishkumarkandikuppa513]

Very aptly said! :)

[@Amyt457]

Job opportunities generally becomes less as your experience becomes more than 10 yrs and plus when you have a family and home its more difficult to switch.

[@---zg7ex]

why is so after 10 years?

[@AJAYPATILAM]

Excellent!

[@hunk6890]

People here are worried about working in same company for too long and here I am who switched 6 companies and working in 7th within just 8 years of experience , but sometime HR thinks I am job hopper but the truth is most of the time companies hire for some other technology and they ask you to work on something totally different or some kind of support role so I had to switch multiple times

[@abhinavraj5848]

Same happend with me , 8 years exp, switched 7 comp, faced 3 layoffs😅

[@hunk6890]

@@abhinavraj5848 I havent faced single layoff but yes asked to resign from a company where it was totally my mistake

[@pradeepp9126]

Mine is 27.5 lpa 9.5 yrs of exp, switched 3 times but missed to ask for a good hike, Company 1.started with 2.2 lpa switched after 1.5 Yr when it was 3.3 Company 2. Started with just marginal increase to 3.75 thought it was good but I had no idea it was the worst left after 2.5 yrs with 4.7 lpa Company 3. Started with 6lpa no hike in 1 cycle after 2.5 Yr left at 7 lpa Company 4. Started with 17.6 lpa promoted and now at 27.5 lpa (15 % variable included) Lesson learned. 1.Don't underestimate yourself, ask for a good hike it should always be more than 100 percent 2.jump for product based they have good budget 3.dont stay more than 4 yrs however good the company might be. This is way less in my company usually for my exp they offer 40 lpa

[@saurabhgaikwad3057]

Damn..which domain you are working? I have 6 years of experience and my package is less than 10lpa..plz guide.. thanks

[@pradeepp9126]

@@saurabhgaikwad3057 I worked in multiple retail, oil and gas currently in real estate

[@navaneethk6350]

Can you please give an advice to get hired for me who is a 2024 pass out student in Btech ECE but has interest in software engineering

[@vivekpai6904]

Let's say someone joins TCS/Infy and stays there for 5-6 years, and after that gets an onsite opportunity in US/UK/Europe for 3-4 years. Their savings, learning and exposure will be greater than what they would have got by switching once every 3 years. So I think it's perspective of person on why they want to stick with a company for longer that matters. Thanks for sharing your opinion.

[@biswajitdutta8002]

U need luck to go onsite, not staying. My friends switched frequently and went onsite within 6 months joining TCS, Rules are to misguide you, if u r at the right place at the right time u r the winner.. onsite not in ur control, but switching is in ur control, onsite will just come ur way

[@navaneethk6350]

Can you please give an advice to get hired for me who is a 2024 pass out student in Btech ECE but has interest in software engineering

[@24381498]

Yes, this is a big mistake. I have also made it. I have been with the same organization for the past 12 years. I don't know if changing now is a good option. Changing jobs every 2 years is the correct approach. Staying in any organization for more than 4 years is a big NO, especially in the IT industry.

[@ParthaGhosh-bc2uc]

Anand but after seeing the current job situation, I feel job security has taken a higher precedence than career growth. Stagnation is better than being laid off., at least you are getting an x amount of money each month and if you are able to sustain yourself by keeping your needs basic, it's better than being in a high paying job for a few years and then suddenly being fired

[@CareerTalk]

Thanks for sharing your views Partha 🙌

[@manishshaw1002]

So 2 years with 20lpa worse than 5 years with 11 lpa?

[@santoshkulkarni2685]

Sir, how to find onsite opportunities for pm or pmo role? Also what all important skills need to focus ?

[@BONGFIESTA]

But Sir if one gets onsite from the same company. Which is more beneficial switching jobs or going to a onsite?

[@MrSatadal]

Onsite in US or UK

[@RaviTeja-yi6dv]

Germany

[@bonjwu1933]

My opinion first company stay for 3 years, and then switch for every 2 years till 10 years experience. I.e 3rd , 5th, 7th, 9th, final switch 11th year. Stay there for long in 5th company.

[@navaneethk6350]

Can you please give an advice to get hired for me who is a 2024 pass out student in Btech ECE but has interest in software engineering

[@rajendra_K_]

Can you kindly suggest on this pursuing career in Business Analyst and Scrum Master.Will it has future for atleast 10 to 15 years?

[@kazakman7772]

I increased my salary very good. Last time I was rejected by recruiters because they asked why I switched companies so often 3 times. So this is bs

[@navaneethk6350]

Can you please give an advice to get hired for me who is a 2024 pass out student in Btech ECE but has interest in software engineering

[@hogopogo123]

People should demand 2 weeks of notice period as international practice, in India they behave like slave to be agree for 2-3 month's notice period which makes person not to switch anywhere almost, until he leave job without any offer in hand.

[@rajendra_K_]

Is it good to start career in SAP[MM/SD/EWM].Will it has future for another 10 years?

[@jaikishanthakur3459]

Iam 33 yrs old can i tri jobs in it company, kindly suggest

[@Npp877]

I am graduated in 2023 stil facing to get a job in IT industry any suggestions for fresher which helps to get a job

[@vkey027]

What if the current employer refuses to let us go? My story is pretty weird, I started as a fresher in a service based company and completed 5 yrs now with same employer. All my colleagues jumped to new company expect me, I resigned twice but my employer didn’t let me go instead they offered me a hike of 80% and 50% and position.

[@santoshshetty6]

That's good. As long as you are learning, paid well and getting position there should not be an issue.

[@harishpatarla]

That's good. If they value you in the same company nothing like it.

[@sudhanshugupta8426]

Now everybody knows this, nothing new.

[@navaneethk6350]

Can you please give an advice to get hired for me who is a 2024 pass out student in Btech ECE but has interest in software engineering

[@nikhilrai7301]

Sir why you've not switched company and working at the same company for more than 15+ years?

[@aj7907]

Right question

[@Rajesh0940]

That why he make this conspiracy videos to earn and eat😂

[@vallim-u2k]

Have been working on same company for past 16yrs ..now it's a high time that I need to make a move..but I'm uncertain on how to proceed.. Ur my virtual guru,I wait for your videos for my motivation

[@MrSatadal]

Staying at same company for 16 yrs already destroyed your confidence.

[@aj7907]

Bro now retire in this company only. Btw what's your package after 16 years?

[@inbaraj206]

I am also in the same situation

[@vallim-u2k]

@@aj7907 12lpa

[@vamshikrishna6001]

Please do talk about the completion in india and companies are not willing to take even for low package

[@sundarnarayanan3511]

. Most most companies expect employees to quit soon because that was how companies or their top bosses grew. (Exponential). It is how their DNA is. They do this lip service of loyalty / long career etc Just to keep some other things in basket. Actually they do this to keep crap people to do crappy work. Because they go no one from market will do that work.

[@navaneethk6350]

Can you please give an advice to get hired for me who is a 2024 pass out student in Btech ECE but has interest in software engineering