Rising Star
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How are the annual hikes in CBA , TIA ?
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In this job market, I am definitely going with a job that feels more stable. I don't think there is a such thing as a "stable" role but there are roles that feel more stable. I have a family to consider so stability or the illusion of it is very important to me.
Rising Star
That makes a lot of sense, especially when you have people depending on you. I agree there’s rarely a truly stable role, just varying levels of perceived risk. Out of curiosity, what signals make a role feel more stable to you today, company financials, leadership transparency, or the nature of the work itself?
Stability is far more important. I'd much rather make less and know I have a position rather than higher pay with higher probability of it only lasting a short time.
Rising Star
That’s a very grounded way to look at it. Longevity and predictability can outweigh short term financial gains, particularly in uncertain markets. From your perspective, are there specific indicators that help you assess whether a role is likely to last, or is it more about organizational maturity and strategy?
I would stay put in a stable environment.
Pro
Great question - just depends on where your data is coming from when it comes to stability. So many times people think they companies are “stable” but what actually defines stability?
Rising Star
Thanks for your input. Stability, to me, means having reasonably secure employment with consistent income, full-time engagement, and access to benefits. I understand this can look different across companies, but how do you navigate staying in a “stable” role when growth and progression are slow?
High income for me - I have goals that require it. I've played the safe and slow game and it's feels like biding time. I would be interviewing if my job was safe but lacked growth.
The issue is, you should be able to earn and learn, or ideally both. But I can't stand a stagnant role. Yes times are tough, cost of living is high - this is another reason I'd go higher income.
Overall - you need to pick what you want, and within your risk tolerance. I have a good network in my field and believe that finding other opportunities wouldn't be as challenging - making higher pay higher volatility an ok decision.
That’s tough - in a job. Probably 12-18 months while I look elsewhere. And then RUN out the door once I’ve found something.
Unemployed - 6-9 months. I have saving which could sustain me, but still - it starts to get worrisome if you’re looking at financial hardship and no prospect of income. I’d be looking for ANY job at that point to keep me a float until I could find a field related job. Or maybe try something totally new with lower pay and build other skills.
I also don’t like complacency, but this job market is real rough.
I am still very early in my career, and I have financial goals as well, but still I'd choose stability over volatility any day. If I have a job, that somewhat makes me breathe, grow, gain skills , I'll stay until I found something that offer me the same amount of comfort. The job market is rough and finding yourself in a position where you have to constantly chase the next role, waiting for application feedback is not the dream.