In the tech industry, is switching jobs frequently advisable in order to get a pay jump?

Ans: Hello! I understand that you have around 18 years of experience in IT and feel that you are underpaid. It’s natural to feel that way, especially if you feel that your skills are not being adequately compensated. However, before making any decisions, it’s important to do your research and weigh the pros and cons of switching jobs.

According to a recent article on Forbes India, the Indian IT industry has been facing a lot of challenges lately, including layoffs, dropping job volumes, and changing work trends. This has led to a decrease in hiring and active job volumes in the tech sector. In fact, the top four IT companies in India saw a net addition of just 1,940 employees in Q3, the lowest in the last eight quarters. This could make it difficult to find a new job with a better salary.

That being said, if you feel that you are not being paid what you are worth, it might be worth exploring other options. You could start by researching the average salary for someone with your level of experience and skillset. Websites like AmbitionBox can provide you with information on the average salary for IT professionals in India. You could also consider speaking with a recruiter or career counselor to get a better idea of what your skills are worth in the current job market.

It’s also worth noting that while it may seem like less experienced resources are being given more importance in the market, this is not always the case. Many companies value experience and are willing to pay more for it. However, it’s important to remember that the job market is constantly changing, and what may be true today may not be true tomorrow.

In summary, before making any decisions, it’s important to do your research and weigh the pros and cons of switching jobs. You could start by researching the average salary for someone with your level of experience and skillset, and speaking with a recruiter or career counselor to get a better idea of what your skills are worth in the current job market. Remember that the job market is constantly changing, and what may be true today may not be true tomorrow. Good luck! ????

Ans: Dear Anand,

Sorry for the delay in reply

Several factors to weigh you may consider-

Do your skill assessment this evaluate your current skills and identify if any gaps for a successful transition
Consider acquiring any relevant course/ certifications if needed
Consider potential impact on your salary if the new field has growth prospects which are aligning to your long term plans and has a potential to growth then you may consider taking the dip.
Reflect on your long term career goals. Ask yourself will the switch contribute to the overall career satisfaction?
Network with people who have made similar transitions. Understand Pros and Cons. Be prepared.
Consider your current level of job satisfaction in the current role. If you are constantly feeling dissatisfied then might be worth exploring newer options.
Keep an eye on the market trends

Tip to consider- job switch decision involves a balance between financial, personal satisfaction and fulfillment and long term goals.
Approach the decision with careful planning and knowing the pro's and con's
Keep the mitigation/ risk (if any) strategy in place

Hope this helps

Thanks
Ashwini Dasgupta
Author of Confidence Decoded. Is it a Skill or Attitude

Ans: No. A rolling stone gathers no moss. Yes, there are people who spent 30-35 years in a company. If you switch you need to adjust with the new atmosphere. In IT industry always keep yourself updated. Go for online good certification course of AI & ML. That will be beneficial. Best of luck. Just follow me. GOD BLESS YOU. Professor.....................:)