Mr. X has changed jobs 10 times in 14 years. He was laid off from his first job in 2003 during an economic slowdown and struggled without work for almost a year. Through frequent job changes, he was able to increase his salary from 4 lakhs to 30 lakhs and become debt-free, owning a flat and car without loans. He advises professionals to prioritize their own financial needs and stability over company loyalty, as companies can come and go but family is permanent. His experience shows that frequent job hopping when the market is good can help individuals achieve financial security even during times of layoffs.
Mr. X has changed jobs 10 times in 14 years. He was laid off from his first job in 2003 during an economic slowdown and struggled without work for almost a year. Through frequent job changes, he was able to increase his salary from 4 lakhs to 30 lakhs and become debt-free, owning a flat and car without loans. He advises professionals to prioritize their own financial needs and stability over company loyalty, as companies can come and go but family is permanent. His experience shows that frequent job hopping when the market is good can help individuals achieve financial security even during times of layoffs.
Mr. X has changed jobs 10 times in 14 years. He was laid off from his first job in 2003 during an economic slowdown and struggled without work for almost a year. Through frequent job changes, he was able to increase his salary from 4 lakhs to 30 lakhs and become debt-free, owning a flat and car without loans. He advises professionals to prioritize their own financial needs and stability over company loyalty, as companies can come and go but family is permanent. His experience shows that frequent job hopping when the market is good can help individuals achieve financial security even during times of layoffs.
Some, rather most organizations reject his CV today because he has changed jobs re!uently "#$ in #% years&. 'y riend, the (job ho))er* "reerred here as 'r. +,&, does not mind it. well he does not need to mind it at all. ,aving wor-ed ull.time with #$ em)loyer com)anies in just #% years gives 'r. +, the rela/ing edge that most o the (com)any loyal* em)loyees are struggling or today. 0oday, 'r. +, too is laid o li-e some other #%.#1 year e/)erienced guys 2 the dierence being the latter have just wor-ed in 3.4 organizations in the same number o years. ,ere are the e/cer)ts o an interview with 'r. +,5
Q: Why have you changed 10 jobs in 14 years? A5 0o get inancially sound and stable beore getting laid o the second time.
Q: So you knew you would be laid off in the year 200? A5 6ell 7 was laid o irst in the year 3$$3 due to the irst global economic slowdown. 7 had not got a ull.time job beore +anuary 3$$4 when the economy started loo-ing u)8 so 7 had struggled or almost a year without job and with com)romises.
Q: Which nu!ber of job was that? A5 0hat was my third job.
Q: So fro! "an 200# to "an 200$ in % years$ you have changed & jobs to !ake the count as 10 jobs in 14 years? A5 7 had no other o)tion. 7n my irst 9 years o )roessional lie, 7 had wor-ed only or 3 organizations thin-ing that jobs are deserved ater lot o hard wor- and one should stay with an em)loyer com)any to justiy the saying (em)loyer loyalty*. :ut 7 was an idiot.
Q: Why do you say so? A5 'y salary in the irst 9 years went u) only marginally. 7 could not save enough and also, 7 had thought that 7 had a ()ermanent* job, so 7 need not worry about (what will 7 do i 7 lose my job*. 7 could never imagine losing a job because o economic slowdown and not because o my )erormance. 0hat was +anuary 3$$3.
Q: 'an you brief on what ha((ened between "anuary 200# and 200) A5 6ell, 7 had learnt my lessons o being (com)any loyal* and not (money earning and saving loyal*. :ut then you can save enough only when you earn enough. So 7 shited my loyalty towards money ma-ing and saving 2 7 changed 9 jobs in ; years assuring all my interviewers about my stability.
Q: So you lied to your interviewers* you had already (lanned to change the job for which you were being interviewed on a (articular day? A5 <es, you can change jobs only when the mar-et is u) and com)anies are hiring. <ou tell me 2 can 7 get a job now because o the slowdown= >o. So one should change jobs or higher salaries only when the mar-et is u) because that is the only time when com)anies hire and can aord the e/)ected salaries.
Q: What have you gained by doing such things? A5 0hat's the !uestion 7 was waiting or. 7n +an 3$$4, 7 had a i/ed salary "without variables& o say ?s. @ ).a. 7n +anuary 3$$A, my salary was 9@. So assuming my salary was ?s.4 la-h ).a. in +an 3$$4, my last drawn salary in +an 3$$A was ?s.3% la-h ).a. "without variable&. 7 never bothered about variable as 7 had no intention to stay or # year and go through the a))raisal )rocess to wait or the com)any to give me a hi-e.
Q: So you decided on your own hike? A5 <es, in 3$$4, 7 could see the slowdown coming again in uture li-e it had ha))ened in 3$$#.$3. 0hough 7 was not sure by when the ne/t slowdown would come, 7 was )retty sure 7 wanted a (debt.ree* lie beore being laid o again. So 7 )lanned my hi-e targets on a yearly basis without waiting or the year to com)lete.
Q: So are you debt+free now? A5 <es, 7 earned so much by virtue o job changes or money and s)ent so little that today 7 have a loan ree 3 :? lat "#3$$ s!.. eet& )lus a loan ree big car without bothering about any B'7s. 7 am laid o too but 7 do not com)lain at all. 7 7 have laid o com)anies or money, it is CD i a com)any lays me o because o lac- o money.
Q: Who is co!(laining? A5 All those guys who are not getting a job to )ay their B'7s o are com)laining. 0hey had made un o me saying 7 am a job ho))er and do not have any com)any loyalty. >ow 7 as- them what they gained by their com)any loyalty8 they too are laid o li-e me and )ass comments to me 2 why will you bother about us, you are already debt.ree. 0hey were still in the brac-et o #3.#% la-h ).a. when they were laid o.
Q: What is your advice to (rofessionals? A5 Ei-e >arayan 'urthy had said 2 love your job and not your com)any because you never -now when your com)any will sto) loving you. 7n the same lines, love yoursel and your amily needs more than the com)any's needs. Com)anies can -ee) coming and going8 amily will always remain the same. 'a-e money or yoursel irst and simultaneously ma-e money or the com)any, not the other way around.
Q: What is your biggest (ain (oint with co!(anies? A5 6hen a com)any does well, its CBC will address the entire com)any saying, (well done guys, it is <CF? com)any, -ee) u) the hard wor-, 7 am with you. :ut when the slowdown ha))ens and the com)any does not do so well, the same CBC will say, G7t is '< com)any and to save the com)any, 7 have to ta-e tough decisions including as-ing )eo)le to go. So thin- about your inancial stability irst8 when you get laid o, your -ids will com)lain to you and not your boss.