All the learned members above have given very valid inputs showing both sides of the coin. I have nothing much to add except that every MNC may not be a place for growth and security, and every new company may not be engulfed in uncertainty.
You need to do a risk analysis, researching about the relative merits of both the companies in terms of their cultures, benefits, growth and learning opportunities, long-term demands for products and services offered by the new company, your financial background and ability to take the risk and ability to cope with the challenges of a new company since it wants to grow fast and thus push the employees to perform.
You need to weigh all this before taking a call. All the best. B. Saikumar
From India, Mumbai
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1979You need to do a risk analysis, researching about the relative merits of both the companies in terms of their cultures, benefits, growth and learning opportunities, long-term demands for products and services offered by the new company, your financial background and ability to take the risk and ability to cope with the challenges of a new company since it wants to grow fast and thus push the employees to perform.
You need to weigh all this before taking a call. All the best. B. Saikumar
From India, Mumbai
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I think all the suggestions from these nice individuals are very useful. However, after speaking with the HR of that company, he assured me that they have work for the next 5 years. The Australian company with which this small PVT. LTD. company is collaborating is large enough, and all their design work for PLC and Automation will be done solely by this PVT. LTD. company. Please verify this information and provide your suggestions once more.
From India, Bangalore
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From India, Bangalore
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Greetings, Anonymous,
It appears that the Australian firm is outsourcing its design and automation work to a private limited company. There are instances when the private company is also bought out by companies overseas. Likewise, there are also instances wherein the outsourcing is reassigned to yet another company which is more competitive.
As said earlier, ask your friend to weigh options and then decide. In my opinion, I am not sure whether any member will be in a position to offer expert opinion on the future prospects of a company, as the industry is quite volatile. We have seen television companies in the past, like Dyanora, Solitaire, BPL, ECTV, etc., names we have seen in the 1980s.
Regards
From India, Madras
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It appears that the Australian firm is outsourcing its design and automation work to a private limited company. There are instances when the private company is also bought out by companies overseas. Likewise, there are also instances wherein the outsourcing is reassigned to yet another company which is more competitive.
As said earlier, ask your friend to weigh options and then decide. In my opinion, I am not sure whether any member will be in a position to offer expert opinion on the future prospects of a company, as the industry is quite volatile. We have seen television companies in the past, like Dyanora, Solitaire, BPL, ECTV, etc., names we have seen in the 1980s.
Regards
From India, Madras
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As per my view hike is also matter a lot because without hike we cannot survive.
From United States, Los Angeles
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From United States, Los Angeles
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I fail to understand what the difference is between a Pvt Ltd Company and an MNC. Is an MNC not a private Ltd company in India, and my learned friends are not pointing out. MNCs are also Pvt Ltd companies depending on shareholding. Companies-wise, there is no difference.
Ideally, it should be considered whether changing jobs from an established MNC (Pvt Ltd) to a newly incorporated Pvt Ltd company is good or bad. It depends on a number of factors already discussed as above.
From India, Delhi
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Ideally, it should be considered whether changing jobs from an established MNC (Pvt Ltd) to a newly incorporated Pvt Ltd company is good or bad. It depends on a number of factors already discussed as above.
From India, Delhi
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Dear all,
Learned friends have given apt responses based on the limited information. That's why I have not appreciated and validated their responses.
Dear Anonymous, I take this opportunity to appeal to all bloggers to give enough information about the person and the scenario. For example, had you given all the information, it would have helped people to give precise answers without having to assume (ASS-U-ME). Let me give some examples of the information that would have helped. How old is your friend and how long has (s)he been working for the MNC? What position does (s)he hold in the company? Is it a she or a he? What family commitments are there?
I know of a person that worked for a large computer firm in the United States. When he applied for jobs through consultants, he was told that he did not have any experience of working in small companies. He was only 28 at that time and not married. So, when HP were laying off people, he joined a small firm and quit that after one year and joined another small firm to get wider experience. Then he joined a large organization as Vice President of Global... Then he was asked to leave without giving reasons. So, a job in an MNC is not a guarantee. Now, at the age of 40, he is back at HP.
Another person that worked for an MNC joined a small firm at a very high position; became the CEO within 5 years. His company was acquired by his old MNC, and he became a millionaire within 10 years of leaving the MNC and is back with them.
So, what your friend should do depends upon his background, capabilities, inclination, and above all LUCK.
Finally, I wonder why you have chosen to be Anonymous when raising a question about a friend!!!
From United Kingdom
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Learned friends have given apt responses based on the limited information. That's why I have not appreciated and validated their responses.
Dear Anonymous, I take this opportunity to appeal to all bloggers to give enough information about the person and the scenario. For example, had you given all the information, it would have helped people to give precise answers without having to assume (ASS-U-ME). Let me give some examples of the information that would have helped. How old is your friend and how long has (s)he been working for the MNC? What position does (s)he hold in the company? Is it a she or a he? What family commitments are there?
I know of a person that worked for a large computer firm in the United States. When he applied for jobs through consultants, he was told that he did not have any experience of working in small companies. He was only 28 at that time and not married. So, when HP were laying off people, he joined a small firm and quit that after one year and joined another small firm to get wider experience. Then he joined a large organization as Vice President of Global... Then he was asked to leave without giving reasons. So, a job in an MNC is not a guarantee. Now, at the age of 40, he is back at HP.
Another person that worked for an MNC joined a small firm at a very high position; became the CEO within 5 years. His company was acquired by his old MNC, and he became a millionaire within 10 years of leaving the MNC and is back with them.
So, what your friend should do depends upon his background, capabilities, inclination, and above all LUCK.
Finally, I wonder why you have chosen to be Anonymous when raising a question about a friend!!!
From United Kingdom
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Maybe he needs to adjust to the culture. Speaking for myself, I have worked as an admin in large corporations with turnovers of millions and staff strengths exceeding 5k. This experience has shaped my perception of company culture, making me uncomfortable in mid-sized firms. This is my opinion, and you may disagree.
P.S.: Salary is another consideration. While MNCs may not offer high pay, they often provide other perks.
From India, Delhi
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P.S.: Salary is another consideration. While MNCs may not offer high pay, they often provide other perks.
From India, Delhi
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