ilmscore | Top 5 Things To Consider Before Job Switch | CA Rachana Ranade

Top 5 Things To Consider Before Job Switch | CA Rachana Ranade

Published: 2023-04-26
Status: Available | Analyzed

Predictions from this Video

Total: 7
Correct: 0
Incorrect: 0
Pending: 7
Unrated: 0
Prediction
Topic
Status
A quarter of an individual's skillset will become obsolete every few years, necessitating continuous learning and adaptation.
"25% of your skill sets need to be changed after every few years"
Skillset Evolution
Pending
The current job market is characterized by instability, with significant layoffs occurring at major companies.
"in such an unstable environment if you get a different job offer what should be your point of thinking?"
Job Market Stability
Pending
For individuals seeking broad exposure within their field, mid-sized companies offer better long-term career growth potential, even if it means a lower immediate salary.
"if a person wants to explore various fields in his specific space then always it is better to go for mid-size companies, compromise the immediate financial gain but in the long term succeed with this experience."
Career Growth Strategy
Pending
Employers would ideally advise against switching jobs for minor salary increases (5-10%) if one has already established a proven track record within their current organization, especially in an unstable market.
"if you have already proven yourself in a specific organization then just because you could get a five percent rise, ten percent rise should you really switch to the newer organization or not is a big question. Well if you ask me my thought process as an employer is ideally you should not switch in such a case"
Employee Retention
Pending
In an unstable job market, prioritizing job security by staying with a proven employer is generally a better strategy than switching for marginal salary increases.
"in such an unstable environment just for a five percent rise or a ten percent rise ideally switching a job might not be a great idea rather than staying in the organization where you have proven yourself could be a better idea."
Job Security vs. Minor Gains
Pending
A quarter of an individual's skill set will require updating or replacement every few years to remain relevant in the job market.
"25% of your skill sets need to be changed after every few years"
Skill set evolution
Pending
In an unstable job market, it is advisable not to switch jobs solely for a small salary increase (5-10%) but to prioritize staying with a company where one has already established a proven track record.
"in such an unstable environment just for a five percent rise or a ten percent rise ideally switching a job might not be a great idea rather than staying in the organization where you have proven yourself could be a better idea."
Job switching strategy
Pending