Want to know a fundamental tip in increasing your salary by at least 20%? Continue reading
Looking for a new job has many challenges. Of course, everyone’s situation is different and each person who is looking for a new job is not in the same circumstance however we will go through some of the most common scenarios that help you get a 20% pay rise when looking for a new job.
Guildhall has supported almost 2,000 mid to senior-level professionals secure new job opportunities in the GCC. We have advised candidates through every scenario imaginable.
In this article, we will focus on the outcome of leaving your job without securing another opportunity. Avoid this if at all possible.
We are in a part of the world where pride is high and emotions, like the weather, run very hot. It is extremely common to hear the following reasons for leaving a job prematurely:
• “I did not feel respected”
• “I was not valued”
• “I didn’t like my boss”
• “Bad management”
• “I want to leave due to career progression”
• “I did not see eye to eye with management”
• “I had no autonomy and was micro-managed”
These are just 7 examples of a long list of reasons we hear on a daily basis. Each one of these reasons has methods of managing and developing on and we will be touching more on these topics in later articles.
So why should you avoid leaving your job without securing another opportunity?
1. On average, candidates currently in jobs receive offers 20% higher than those out of work
Yes, it’s true. Prospective employers know they will need to offer you a more attractive salary to entice you to move. Through our first-hand research and experience, employers see employees currently working with a competitor as more valuable. Whether this is just psychological in terms of wanting what they can’t have or believing that this employee must be better than someone unemployed. We at Guildhall know that this is not true. An unemployed candidate is not worse nor better than an unemployed one. Each situation is just an outcome of circumstance however in the eyes of an employer, it makes a difference.
2. As of 2020, it is taking 3 to 6 months at least to secure a new job
The unpleasant truth of the post COVID situation is that the job market is very unstable. You may leave a job thinking that you have a niche skill that any employer will want however find the reality very different. While it’s true, your skills may be valuable to employers, they are also facing budget cuts, lost projects, cash flow issues and a myriad of other problems. You may interview for a new job thinking you performed well and not hear back from the prospective employer and wonder why. Was it because you weren’t good enough? No, because they may have just lost a major project and do not want to release that information.
You also have to know; how long can you support yourself without an income? If you don’t plan for at least 6 months, stay put and look for a new job while employed.
3. You perform better in interviews when employed
Guildhall has comprehensive data on the job-seeking process. In the last decade of our recruitment experience in the GCC, we can accurately predict the chances of someone receiving an offer just from reviewing the key information of each of the candidates conducting an interview.
Generally speaking, candidates who are secure in employment and are not feeling pressured, perform noticeably better in interviews as per the feedback of our employer clients.
Staggeringly, if you are employed and going up against unemployed candidates, you have an increase of over 75% chance of securing the job offer. This will also tie back to point 1 where you will also receive a higher offer.
Avoid making the mistake of rashly leaving your job without securing a new role. At Guildhall we use a variety of organizational psychology tools and methodology as well as CBT to help support people through working for a challenging employer. We offer career counselling sessions to help overcome your current challenges while also supporting you in finding a new role. Unless it is necessary, do not leave your current job before securing your future.