Would You Take A Job With A High Turnover Rate?
No matter how great a job sounds, you need to do your research. Some things can turn out to be a little too good to be true.
I find myself having to console a good girlfriend of mine these days over this very decision, one that cost her dearly. Home girl is pretty fierce when it comes to her business and ability to collect a coin. Stacey worked at a media company for many years and was able to quickly move up the ranks with constant promotions. She began her career at this particular business and stuck with it for close to a decade, which is remarkable in itself considering how many people jump from job to job.
She and I had a chat late last year about life, goals and our ambition. Stacy revealed to me she wanted more of a challenge and didn’t think she could get it at her then-current job. “Sometimes you hit what you feel is your limit,” said Stacy. “I’m not sure if there’s more I can learn with this particular company.” As fate would have it, a competitor was actively recruiting seasoned talent. Needless to say, it caught Stacy’s eye.
“Are you sure you want to break up a good thing?” I questioned in my Tamar Braxton voice.
While I can definitely respect a person’s desire for a challenge, I couldn’t believe what I was hearing. Aside from a powerful job title on a business card, Stacy was doing very well for herself. My resume looked like peanuts compared to hers.
Both of our schedules got pretty busy, leaving our chats on the back burner for several weeks. We touched base in April when I learned Stacy made the jump to the competition, had a spanking new title and more money to pad her bank account. She seemed very happy with her decision and had no regrets.
However, over time, things began to come to light she didn’t expect.
I would have to assume Stacy did her research before accepting her new position. It wasn’t like her not to do so. After speaking with people who were quitting left and right, Stacy soon realized this company had a super big problem with their retention rate that made her very nervous, and rightfully so.
“Are they hiring and firing left and right, or are people quitting?” I asked.
“Both,” she replied.
Sadly it didn’t matter whether she knew about their high turnover rate or not. She lost her job a couple days ago. I don’t know if she will try to get her old job back — or if they’d take her back for that matter.
As horrible as I feel for her, I can’t help but question whether or not there was something more she could’ve done before signing on the dotted line. Some folks I know Google companies they want to work for to see if there are any anonymous reviews floating around. Another warning sign are the amount of job alerts you get for a single company. Should you start to notice 10 positions open at once, it might be good to read the writing on the wall.
Obviously there are situations where turning down a job is not in the cards. If the decision is between keeping your lights on and possibly getting fired, pay your bills. If, however, you’re not in a drastic situation, you really show weigh the pros and cons. Sure extra money and a promotion sound great, but if there’s no longevity with the company, can you really expect to build a reliable future with them? This is just one of the reasons why some people I know opt to work in a contract or freelance capacity with a company they like. At least this way you can have your hands in multiple cookie jars instead of a single basket.