How To Evaluate Job Stability in a Company?

When you are job hunting, there will be so many flashy stuff will come on your way and it's easy to get caught up in those. The job title, the salary and perks etc. But there is one thing job seekers wish they paid more attention to... wanna know what?

It's Job stability!

We have talked many job seekers who say, "I just didn't know what to look for, it all looked good from the outside." So, if you also felt that confused then trust, there is more like you, but don't worry, jobkarona.com understood our job seeker's problems and now here with another guidance, cause wanting some security is not asking for too much.

Let's move to the main conversation — a guide to help you read between what's visible and what's not, and actually evaluate whether a company's job stability is solid or sketchy.

1: Start with the Basics — Like What's Going on with the Business?

Before you start any other preparation, or even get to the culture or team, take a step back and look for the company — is it making money, how financially stable it is, whether this industry growing or shrinking, compare with its history and present state.

Whether they are launching new stuffs or just quietly shutting down. With just a little curiosity you can find out all the information easily by looking them up on business news sites or Glassdoor.

If you don't find anything valuable, this is also a sign, cause transparency is trust itself.

2: Glassdoor is Perfect, but You Need to Search it Thoroughly

We are not saying that Glassdoor is all good for knowing everything. People who has bad experiences tend to shout the loudest. But if you see a pattern of posting about management and culture is all over place, you can believe it.

And also read few of comments too, specially on high turnover talk, financial instability, and mass recruiting etc. Also, they use some code words that say things are not exactly good over here.

3: Check The Company's Track Record

Some companies are infamous for mass hiring and then laying them off in six months. And others just silently operate for long and grow slowly but definitely.

So, just look for how long this company been around, or are they hiring like sudden in bunches or just specifically. For it will be better to find history of layoffs.

Fast-tag growth looks exciting but this is kind of sign of instability's not far behind.

4: Ask The Right Questions In Interview

Yes, you can ask about job stability in an interview, but with just a right tone and way. You can try out these ways:

• How has the company navigated the ups and downs in the industry lately?

• How has the employees evolved in past couple of years?

And don't hesitate to ask these questions, cause this way you are showing you care about the long term goal and growth, which is btw, exactly what good companies want.

Conclusion

We are not saying to do these all each and every time when you are about to show up in any interview. Some are genuinely known that you don't have to look for their stability this way, but sometimes it's sort of important, when you are going to have a risky role in a brand new company, cause it will change your life either in the best way or it can become more stressful chapter in your job-hoping story.

And jobkarona.com believe, that you deserve better than that, so the choice is yours.

Show your wisdom, without fear!