Investing money wisely is important. Financial discipline and Expense control put money in your hands. But your career is the largest contributor of money. Career Management and Wealth management go hand in hand. It is this which allows you to invest. So managing your career and growing it is by far the most important aspect if you plan on increasing your wealth. Again these are for people who are beginning their careers and from the perspective of long term wealth management. I am not touching on the nuances of HRM but putting down a few random thoughts for improving your career and life in general.The article is specific for readers from India although most of the ideas expressed are universal.
Take them seriously. Prepare early. Data is the key. Keep a tab of your key result areas [KRAs] and review monthly. It is a good idea to pin it up somewhere so that you can see it. Your boss is not going to remember conversations or verbal confirmations. So if any deviation is taking place remember to keep a record by shooting off an email. An argument is the last thing you need at the time of that appraising meeting. If your KRAs for this financial year are being fixed or are already fixed please go through them in detail. Check if your performance is conditional on something. If yes, get it included or send a note in writing pointing this out.
b. Improve yourself -Learn new things
Try to read up on your area of expertise. This is not to apply theory but to understand and open your mind to new possibilities and ideas. There are many online courses that are on offer now. Take up something that will add value to what you are doing. If you improve your knowledge soon you will have people around you asking for your opinion. Become the local expert, it will do you a lot of good in your career development.
c. Job Hopping versus growing roots
A job change is a very personal decision. It is also a decision which should never be deferred if it is needed. The last thing you need is a frog in the well syndrome. If you are good at what you do, then there are companies out there looking for people like you. If you are unhappy with the company you are working in and if your contribution is not being recognized go ahead and quit. If you are a disgruntled employee it will show in your work output and attitude. It becomes a vicious cycle and you end up doing injustice to yourself and your employer. Sticking with an employer is ideal if your movement up the corporate ladder is guaranteed.
Reasons for job hopping can be numerous, the most common being higher pay. Do not hop jobs for frivolous reasons like a better design or more take home pay. Do some analysis and ask around before you jump. See growth prospects, …