My friend has got job in a PVT. LTD. company with good hike . He is now in a Multi National Company. Is it good to change from established company to newly opened pvt. ltd. company.?
From India, Bangalore
Acknowledge(0)
Amend(0)
From India, Bangalore
Acknowledge(0)Amend(0)
Dear Friend,
According to me, salary is not the only thing that has to be considered when changing jobs. A few other important aspects are the security of the job, the working environment, and growth. Just imagine if we receive, let's say, a 5K hike and decide to join a private company, leaving behind a multinational corporation (MNC). What if the management then considers you to be a costly affair? What would happen to you and your family dependents? Therefore, you need to analyze all other aspects as well. Create a pros and cons table and discuss all the points with your family, wife, or any immediate dependents. Seek their opinions and then make a decision. I do not recommend switching from an MNC to a private company just for a salary hike.
Regards and all the best,
JSR
From India, Hyderabad
Acknowledge(0)Amend(0)
38According to me, salary is not the only thing that has to be considered when changing jobs. A few other important aspects are the security of the job, the working environment, and growth. Just imagine if we receive, let's say, a 5K hike and decide to join a private company, leaving behind a multinational corporation (MNC). What if the management then considers you to be a costly affair? What would happen to you and your family dependents? Therefore, you need to analyze all other aspects as well. Create a pros and cons table and discuss all the points with your family, wife, or any immediate dependents. Seek their opinions and then make a decision. I do not recommend switching from an MNC to a private company just for a salary hike.
Regards and all the best,
JSR
From India, Hyderabad
Acknowledge(0)Amend(0)
I agree with the above comment. It is a very risky venture to opt for a newly opened Pvt. Ltd. Co.; for even its owners may not know how it will perform in the future.
A career in a reputed MNC itself carries a certain weight. If a salary hike is the only criterion, then one may find better opportunities in other MNCs or reputed Indian companies.
Warm regards.
From India, Delhi
Acknowledge(0)Amend(0)
A career in a reputed MNC itself carries a certain weight. If a salary hike is the only criterion, then one may find better opportunities in other MNCs or reputed Indian companies.
Warm regards.
From India, Delhi
Acknowledge(0)Amend(0)
one should not change seeing the title and hike.must know about the company in all respects before you join
From India, Hyderabad
Acknowledge(0)Amend(0)
From India, Hyderabad
Acknowledge(0)Amend(0)
According to my opinion, you should not move to a Pvt. Ltd. firm just by looking at the salary. I agree with Shreeram 70. Everybody should consider all aspects mentioned above before taking any decision.
---
This revised text corrects the spelling and grammar errors while maintaining the original meaning and tone.
From India, Pune
Acknowledge(0)Amend(0)
---
This revised text corrects the spelling and grammar errors while maintaining the original meaning and tone.
From India, Pune
Acknowledge(0)Amend(0)
I agree with the above comments. There is a huge difference between a multinational and a Pvt Ltd company culture. In a multinational company, everything is framed and written, but Pvt Ltd. companies are person-oriented.
Govind Pawar
From India, Mumbai
Acknowledge(0)Amend(0)
Govind Pawar
From India, Mumbai
Acknowledge(0)Amend(0)
Dear Friend,
I agree with all the above statements. However, I would like to add a few more different points. Also, the priorities are different from person to person. Your friend is working in an MNC, but currently, what power does he have? If he is shifting to a newly opened Pvt Co., then he may enjoy lots of powers. He can learn lots of new things, which he is not able to learn by serving an MNC too. Because what I observed in an MNC is that mostly your work area is very limited.
Plus, I accept that the newly opened Pvt Co may think "you are a costly affair," but if your friend performs better, then management may think about salary and post hike also. Because, though every company thinks about the budget of the department, on the other side, they are not ready to lose good performers also.
Also, suggest your friend check the professionalism of the newly opened company; this is a very important thing.
Convey my good wishes to your friend.
Regards,
Akshay
From India, Pune
Acknowledge(0)Amend(0)
I agree with all the above statements. However, I would like to add a few more different points. Also, the priorities are different from person to person. Your friend is working in an MNC, but currently, what power does he have? If he is shifting to a newly opened Pvt Co., then he may enjoy lots of powers. He can learn lots of new things, which he is not able to learn by serving an MNC too. Because what I observed in an MNC is that mostly your work area is very limited.
Plus, I accept that the newly opened Pvt Co may think "you are a costly affair," but if your friend performs better, then management may think about salary and post hike also. Because, though every company thinks about the budget of the department, on the other side, they are not ready to lose good performers also.
Also, suggest your friend check the professionalism of the newly opened company; this is a very important thing.
Convey my good wishes to your friend.
Regards,
Akshay
From India, Pune
Acknowledge(0)Amend(0)
There is a growing cult around MNCs in India. Many have been shown the door by MNCs. I don't think there is any job security with MNCs. Analyze the new company's growth prospects, their business line, market acceptability, and any other factors. If you see encouraging signs, there is nothing wrong with opting for new challenges. If you perform well in a challenging atmosphere, your growth will be phenomenal. There is no question of a difference between an MNC and a Pvt Co, but where you will stand in the long term. In this competitive era, no company can provide you with job comfort and security. It is "perform or perish."
Pon, Chennai
From India, Lucknow
Acknowledge(0)Amend(0)
Pon, Chennai
From India, Lucknow
Acknowledge(0)Amend(0)
Hello,
I run a small private limited IT company. The employees I have are coming from WHO, TCS, and other such companies and are happy with our environment. They are our assets, and we cannot afford to lose their services and commitments. All are satisfied and enjoy their working environment.
So, you need to consider the company's prospects, atmosphere, growth opportunities, and exposure scope along with the salary hike before making a decision. In MNCs, you may not get good exposure as you are confined to just one field, and your lower performance may go unnoticed. However, this is not the case in private limited companies. Therefore, do not just follow conventions; consider all aspects before deciding.
From India, New Delhi
Acknowledge(0)Amend(0)
I run a small private limited IT company. The employees I have are coming from WHO, TCS, and other such companies and are happy with our environment. They are our assets, and we cannot afford to lose their services and commitments. All are satisfied and enjoy their working environment.
So, you need to consider the company's prospects, atmosphere, growth opportunities, and exposure scope along with the salary hike before making a decision. In MNCs, you may not get good exposure as you are confined to just one field, and your lower performance may go unnoticed. However, this is not the case in private limited companies. Therefore, do not just follow conventions; consider all aspects before deciding.
From India, New Delhi
Acknowledge(0)Amend(0)
Greetings Anonymous,
As Mr. Pon has rightly pointed out, many MNCs have hired professionals offering them lucrative salaries. Without knowing the intentions, unwary candidates have fallen into the trap. I am aware of a reputed MNC that merely paid the notice pay due to employees and closed operations overnight without any advance intimation.
Hence, in my opinion, whether it is an MNC or private company, do some research about the company and its prospects before joining it. Private companies are a little conservative as most of them are owner-managed, so the company takes cautious steps while embarking on expansion plans.
Weigh the offer, look for the longevity of the company, the company's brand image, market potential for the products, future prospects in the company, turnover of the company for the past few years, and the work culture.
It will be a great risk to join a startup private company. However, if you are quite young and willing to take the risk, you can certainly test the waters. On the other hand, if you have financial commitments to be honored and in your opinion you cannot afford to take the risk, then ignore it and continue with your present employment.
Private enterprises do offer you the variety you will be looking for, challenges, freedom (to a limited extent, as most of them are owner-managed), and if you have the leadership quality, you can certainly experiment at the early stages of your career.
Regards
From India, Madras
Acknowledge(0)Amend(0)
As Mr. Pon has rightly pointed out, many MNCs have hired professionals offering them lucrative salaries. Without knowing the intentions, unwary candidates have fallen into the trap. I am aware of a reputed MNC that merely paid the notice pay due to employees and closed operations overnight without any advance intimation.
Hence, in my opinion, whether it is an MNC or private company, do some research about the company and its prospects before joining it. Private companies are a little conservative as most of them are owner-managed, so the company takes cautious steps while embarking on expansion plans.
Weigh the offer, look for the longevity of the company, the company's brand image, market potential for the products, future prospects in the company, turnover of the company for the past few years, and the work culture.
It will be a great risk to join a startup private company. However, if you are quite young and willing to take the risk, you can certainly test the waters. On the other hand, if you have financial commitments to be honored and in your opinion you cannot afford to take the risk, then ignore it and continue with your present employment.
Private enterprises do offer you the variety you will be looking for, challenges, freedom (to a limited extent, as most of them are owner-managed), and if you have the leadership quality, you can certainly experiment at the early stages of your career.
Regards
From India, Madras
Acknowledge(0)Amend(0)Engage with peers to discuss and resolve work and business challenges collaboratively - share and document your knowledge. Our AI-powered platform, features real-time fact-checking, peer reviews, and an extensive historical knowledge base. - Join & Be Part Of Our Community.
Job Description - HR & Admin.doc
SKILLS YOU REQUIRE TO BAG THE JOB YOUWANT.pptx