Gone are the days when an employee was satisfied to work only in one organization and devoted his/her full life to it.
Today with the advancement of technology, increase in the number of employment opportunities, growth of skills of a person and stiff competition from the rival, employees are genuinely in a habit to switch industries, whenever they find an opportunity for growth, whether in terms of skills, in terms of responsibilities or in terms of money. The practise of switching industries is more prevalent among the junior level employees or fresher as the working industry provides ample of opportunities for them. As an employee grows in an upward hierarchy, the chance of work opportunity in a different organization becomes lesser and lesser.
In the last decade we have seen that there has been a bit of instability in the job market. On one hand we have seen growth in the job sector, on the other hand we have seen that more people have opt out of their organization and have join a tally different industry. The main reason which have been sight out by many researchers as well as employees is that people are fed up with the tight schedule of their industry, thus switching on to a different industry where they can survive as well as grow with less work pressure. As per the industry switchers it is a good strategy to switch an industry and extend the professional career.
But in the recent few years we have seen that it is also possible for the senior people who are working for a long period of time in the same market to switch an industry, yet survive and grow in a market. Many organizations, especially start-ups are always in search of an experienced candidate who can hold the professional set up and work environment in an organization. As a result, many experienced employee look for these start-ups as these start-ups value their experience and the employee will also have a high professional status in that organization. Moreover, as that guy has been in a work set up for a long period of time, managing a start up will not be of a huge task for him/her.
This story is from the February 2018 edition of The Observer of Management Education.
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This story is from the February 2018 edition of The Observer of Management Education.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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