Was there really a recession? Were you able to see it? Did you experience it?
I still remember a post that I had written about an year back on the
job change confusion. The US economy was hit by one of the worst recessions and the Indian economy felt the ripples. Almost all the industries felt it and took some very harsh decisions including laying off a lot of employees and putting a freeze on hiring. There were not too many organizations that were interested in appraising salaries or, paying bonuses even. They wanted to remain conservative in spending and hence decided against doing any of these.
The Million Dollar Question
But the million dollar question was - Was it actually due to the ailing economy or, was it a deliberate attempt on the part of the organizations to save on the funds disguising recession?
Whatever the situation was, there was no or, very less job options available in the market and there was all-round firing happening. So the advice from any job counselor would be to stick to your current job and not look for a change.
For those of you who opted to stay with your current employer, even though pay-hikes...
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