The best way to increase your income in the software industry is to switch jobs. As time goes on I will post advice about how to be an efficient and effective job hopper and how best to increase your income by doing so. I will provide information from my experience in the IT industry along with my opinion of how you should treat your job. Over the last 7 years, which covers an IT job recession, I have raised my income from $45,000/year to roughly $200,000/year. I would never have been able to do this if I stayed with the same company.
Companies today are off-shoring jobs and laying off staff with regularity. Business for the most part have zero loyalty to their employees. Also there has been a large influx of foreign workers on H1B and L-1 visas to the United States. This has lead many members of the IT industry to become angry and bitter. They sit around and complain, yet do nothing about it. They show up for their jobs, take their cost of living salary increase, and do what they are told. Many if not most IT workers complain about their managers, their project, their compensation, and their hours, yet they do nothing about it.
They are bitter. They are essentially lemmings who do what they are told then behind their manager's back complain. The first rule of being a good job hopper is to be ruthless, but not bitter. Your employer should mean a paycheck to you and nothing more. You should not care about your boss or how well the company does since you will not be there that long. If you see them outsourcing jobs, you should quit and if you feel up to it give absolutely no notice.
You should put the level of effort into your job that means your return on investment. This means that if you can replace your job for a comparable pay and less hours don't work the extra hours. What do you get out of it? You should use your extra time to improve your skills at home and thereby improve your marketability. At the senior level it is rarely worth it to get anything above a "meets expectations" on a review. I don't see the point of working long hours to get a 4% raise instead of a 3% raise.
Do not get angry. Do not get attached to your job or your employer. Future blogs will go into more detail about the topics brought up in this post. This post has been left intentionally short and without details since I think its best break up my advice into different blog entries.
2 comments:
It would be helpful if you discuss the impact of job hopping for better salary on career growth. The odds of getting promoted are greater if you remain long enough in the same company. You don't very often get a new job at a higher designation because you are after all an outsider and they have insiders to consider for promotion. So the question is if you remain at a lower designation due to many job switches, does it pay off in the long run? Would it not make you regret later?
I believe job hopping is correct. When u want to settle down after doing multiple job hopping, u would have gained more wider experience. Then u join at a lower category and work upto the top using experience.
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