I recently received this update from linkedin.com:
I did a quick math:
I have about 4200 connections on linkedin.com. If 1141 friends changed jobs (see red rectangle above), then, that’s about 25% of the universe I am connected to on linkedin who changed jobs in 2012.
In other words, a connection would be changing her job every 4 years.
This brought to my memory 2 posts that I wrote on rodinhood.com on JOBS and Employment that I am producing below. Hope you have fun reading both:
BLOG 1. WHICH TRAIN ARE YOU RIDING?
Often, when I ride a train, I look at my co-passengers and wonder where have they come from and where are they headed. The train is my metaphor of travelling – not distances but careers and lives, and how the decisions that we make may turn into the best or worst journeys ever!
The Subway
Recently I had the privilege to interview someone who had changed his jobs 13 times in 4 years. When I told him that in 48 months, changing 13 jobs meant that he had not even spent an average of 4 months in a job, he chuckled and said, ‘Yes Sir, I am in big demand’. Honestly, I felt like charging him for the coffee that my office had served him. How I wish I had read his résumé before getting into the room. (He was one of those frivolous introductions one has to meet as an obligation).
This call center guy-turned analyst-turned telemarketer-turned support service guy is the quintessential ‘subway rat’. Folks like him ride short distances; work nights more than days, nibble away loose food (quick moneys) and live in the world of dark underground, in the sewers of negative progress. I have to yet meet a subway rat that came out of the subway alive.
Despite my revulsion, I still resolved to be helpful and asked him – “So, think of yourself 5 years from now. What do you think you will be good at? How long do you think you can keep doing this?” Mr. Rat had already switched off by then. Possibly the bright lights of my office and my fatherly questioning was not his poison. He quietly slipped away.
A lot of folks are entrapping themselves by riding very short career plans. Sure it’s the quick money, but what they don’t realize is that they ARE losing something very important – Experience in a domain and a normal lifestyle!
The Inter City Trains
I so loved this train that I rode from a Central station (got there via a Subway :-)) that took me to a beautiful hillside resort for a day and then got me back.
The journey lasted for a couple of hours both ways. It went via the city, across the country and into the hills. It made me think of young folks I know who have taken similar career journeys. Dedicated to a job for at least 4-5 years, learning the business and the domain, weathering the seasons of change, understanding the ups and downs – just like this train would have encountered everyday when it made its journey, and across the year.
It’s fun to ride this train once and surely not everyday. There is a difference between a fast rushing subway ride that makes you meet exciting new people versus this longish boring ride that always goes through the same hills and trees.
But it’s the penance of the journey that takes you a long way head. The Inter City takes you out of the Subway and into a real City.
Our best folks of 2win, after having spent 5-7 years in our group Companies, have taken up senior positions in companies like Yahoo, Disney, Turner, etc. These are the folks who have ridden the Inter Cities, bore the brunt of long journeys and have come out shining like Gold. Similar stories abound with focused individuals who took on a tough and grueling job for a few years, only to come out on top of their race and then join the biggest companies of their Choice.
The Long-Haul Train.
Almost 20 years ago, I rode a train that took me from Mumbai to Bhubaneswar (in the State of Orissa in India). I remember it being almost a 3-night and 4-day journey. After the excitement of the 1st night, the 2nd and part of the 3rd day were dreadful. The journey never seemed to end. Then interestingly, post lunch on the 3rd day, a certain calm and patience came over me. I knew that the train was moving and headed towards its destination. I had to wait. During that period, I read, played cards and even studied a bit (shucks – there was no iPad then).
When I compare my two entrepreneurial journeys so far (a decade with my father making socks for him in his factory) and another decade as a digital entrepreneur, that train journey constantly flashes before me.
I see so many similarities between that physical train and the career train that I have ridden:
- An immediate excitement when the journey starts that quickly turns into boredom.
- Sometimes just getting frustrated that this journey is never ending.
- The Highs and lows – the small breaks at small stations which seem to give you freedom from entrapment of the train and yet the whistle that makes you duck into the train again reminds me of the mini successes I had enjoyed in my business ventures, yet knowing that it’s not the end and I have to go back and do much more.
- A routine inside the train that becomes a habit. So working day to day, doing the mundane and unexciting jobs while remembering that it’s all part of a long journey.
- Fellow passengers who get on and get off between stops and cities remind me of fellow colleagues who joined us, stayed in the companies and then hopped off when they felt they had done their distance.
Even the longest train journeys finally end in happiness. The rush of completing a long journey is incomparable. In longer planned careers, this is exactly the feeling. Folks become masters of an industry, revered for their experience and are recognized as thought leaders who have demonstrated the fortitude of surviving long and arduous journeys.
The Cross Country Trains.
I hear of train journeys that take months and sometimes years to complete – trains like the Trans Siberian Railway (takes weeks).
I have never attempted such a journey and doubt I ever will.
Career wise, it seems that you are committing to a journey that you cant get out of, hop off mid way and quickly go back to where you started. Imagine riding the Trans Siberian and getting of mid way in Siberia!
A lot of ‘government ’ job employed folks remind me of this type of train travelers. People who take up a job in a PSU assuming that it will last forever. Not really caring where the train is even going as long as they get they monthly stipend and yearly increment. Folks who increasingly become ‘isolated’ from the real world remaining cocooned in this train that chugs along without care.
An uncle of mine had proudly got his young son married a few years on the boast that he was employed by Air India and hence a job and salary was guaranteed. I was always intrigued how any Company in the world could generate a perpetual cash flow for itself and I felt worried for the girl and her family. A month ago my uncle was complaining that Air India was delaying salaries. And the tragedy is that his son will never be able to work for anyone else. If you sit in a train for 7 years and get fed and housed, you will never know what to do if you land up on a stationary platform.
Finally, what kind of train travelers are serial entrepreneurs?
Believe it or not – they ride the Subways, Inter City and Long Haul.
Not as passengers but as the train drivers. Never getting down.
***
BLOG 2 – Are you Bribed to Work or is your work a Bribe?
Are you bribed to work or is your work a bribe?
For the past 12 years of being involved with Start Ups, I’ve always been quizzed about compensation questions, dilemmas, challenges and upsets that prevail in entrepreneurial set ups. This is my attempt to put my words where my money is.
Are you Bribed to work?
Sure you are, if you in a typical ‘corporate’ Fortune 500 Job!
Characteristics:
- It has a predictable growth curve already set for you. From executive to manager to director to president (of god knows what) over a finite set of years. I vividly remember a meeting at a Fortune 500 Corp’s office a few years ago when seven gentlemen gave their cards and all of them read ‘President’. When I looked at them quizzically, one of them sheepishly smiled and said ‘Alok, even the office boy here is a President’. So, you can be the Junior Prime Minister of a Company, but your moronic boss – ‘the’ Prime Minister will still treat you like an office boy to run the errands.
- It has more politicians than all the members combined of every political party in India. You know what happens when so many politicians assemble together? You have to be mentally numb to survive in that set up.
- Colossal time dedicated to planning, budgeting, forecasting and ‘strategizing’. You have to be a Monk to survive the insane meetings that are meaningless and never-ending.
- You have to do what the system needs you to. It’s built that way. Like an axle that has to drive the wheel. You can never become the wheel and you definitely can’t chuck the job of being an axle. The driver(s) will not allow it.
To endure all this, you need a hefty bribe (pay package) to stay in the job. And that is the sweet numbing pill you swallow each month. Each year, the bribe gets sweeter as does the migraine.
Now, is your work your bribe?
This is the case in a typical start up that survives on pure innovation, energy and entrepreneurial zeal!
You enjoy:
- A massive learning curve from day one. From tech to ops to finance, you learn it all. If you stick around long in a start up, you will be stunned at how many multi disciplinary job functions you will have mastered. I remember one particular day when I opened my contests2win.com office (in a ramshackle room near metro cinema), swept the floor, made some coffee, uploaded my content via FTP, drove to the courier to deliver some prizes and then went and met the CEO of ICICI Ventures – all in the breadth of a few hours. In contests2win.com, we hired a HR professional who enthusiastically put together the processes, etc. in order. I still remember the day when he messaged me via IM at 11 am saying ‘Alok, I don’t have any work, what do I do’? One thing led to another, he got enamored by ‘Sales’ and the next thing we knew, he was in Shanghai and Beijing, selling Mobile2win offerings to clients there!! Try explaining this ‘career plan’ to a silver fox in an MNC organization.
- There is massive OWNERSHIP from day one. So you understand the difference between ‘following’ and ‘leading’. You typically make decisions, not implement them! You can steer the ship towards the ocean or onto the icebergs.
- Mentally you are trained like a ninja. Ready to take on any surprise and turn it into a victory. Fighting till the end. That training at a very formative stage is very important in long-term career success. I meet lots of ‘Corporate Suits’ who have no edge of being able to take hits and downsides.
Working up in a start up is very enriching and heady experience and some folks are happy to accept this job as ’bribe’ rather than fat cash compensation.
2win Team – Their work is their bribe!
Also, from a financial perspective, consider this:
| Description | Fortune 500 Job In lacs | Start Up Job In lacs |
| Middle Manager Salary Year 1 | 15 | 10 |
| Year 2 | 20 | 12 |
| Year 3 | 24 | 15 |
| Year 4 | 28 | 18 |
| Year 5 | 32 | 21 |
| Total moneys earned | 119 lacs | 76 lacs |
| Tax (1/3rd) | 40 lacs | 25 lacs |
| Net take Home | 79 | 50 lacs |
| Shares in Company | 0 % | 2% |
| Exit of Company in 5 years at a minimum sale value of 10mn US$ | 50 crores | |
| Sale value of Shares | 0 | 100 lacs |
| Tax (long term capital gain) | 0 | 0 |
| NET EARNINGS | 79 lacs | 150 lacs |
Interestingly, even financially you couldbecome richer working for a start up than a straitjacketed tight MNC job. Sure, one can argue that the exit may never happen or the equity grant may not be 2%, blah blue blee. Even so, the experience of 5 years in a start up will be so enriching, it will be worth the salary sacrificed and will be easily recoupable in the years going forward.
My 2 paise – Work in a start up early in your life, at least for a decade gaining first hand experience, and then start up your own venture. And sure, as sweet revenge, you can hire the suited goons from the local MNC anytime you want.
*****