Considerations for former state-owned enterprise employees when leaving their jobs
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I am a full-time employee at a state-owned enterprise; I have been working there for 11 years. Due to issues with the company’s financial situation, its cash flow has broken down, and salaries can no longer be guaranteed. Currently, I am working on a large-scale tank construction project. It turns out that the number of employees who are on site working on this project is equal to the number of those working from home, and there is no guarantee as to when their salaries will be paid. Several private companies have expressed interest in hiring me, but they offer no insurance, no pension contributions, and no benefits such as medical reimbursement. I am considering whether to leave my current job. Could anyone please give me some advice?
A person can adapt and survive, but a tree will die if moved. Anywhere I can make money will do. It’s still better than staying in a state-owned enterprise and living a half-dead life.
Anywhere I can make money will do. It’s still better than staying in a state-owned enterprise and living a half-dead life.
First and foremost, it’s about supporting oneself and one’s family. Then consider improving your life; be cautious when changing jobs, as the industry is generally in a downturn. It is advised to first find out about the performance of potential new employers over the past few years before deciding to change jobs.
Know yourself, know the market, and change your mindset. Be aware of your current level of skill and ability to get things done, as well as how much you are worth. How do professionals at your level in the market work, what is their income, and do they work from home or elsewhere? Change your way of thinking: in state-owned enterprises, the salary is often fixed and does not take into account ability or performance. In private companies, if the boss is practical and understands the market dynamics, you can ask for a higher salary if your contributions exceed what you’re currently being paid – it’s not fixed once you start working there. After working at one company for 11 years, you might change jobs frequently; therefore, it’s necessary to constantly adjust your mindset and approach to work in order to adapt
Know yourself and understand the market; change your way of thinking. Be aware of your own skills, capabilities, and working methods, as well as how much value a person with your level of competence holds. Understand what kind of compensation is available in the market for someone with your skills – that compensation takes into account factors such as familiarity with the business and efficiency brought about by professional networks, things that you may not possess in the short term. Change your mindset: salaries in state-owned enterprises might be fixed and have nothing to do with one’s contributions. In private companies, more emphasis is placed on the value you can create as an individual. If you feel you deserve more, you can ask for it; if the boss thinks you’re worth it, they’ll increase your salary. If not, it’s either because the boss doesn’t understand the situation or because you truly aren’t good enough. After 11 years in one position, job changes may become more frequent, and it’s necessary to adapt by changing your way of thinking
If it’s possible to buy out seniority, you might consider it, but just as a consideration – think carefully about it yourself.
What is the use of housing provident funds? If the salary is high enough, one can consider covering expenses such as insurance on their own.