is loyalty overrated stay tuned hey guys ECR g here today we've got a really good
one for you guys and this one is about the topic of
loyalty in the workplace is loyalty overrated in the workplace
now loyalty to who you might ask most of you guys probably already know where
this is going we're talking my loyalty to the company
Millennials have been criticised over and over again you know there's a lot of
millennial bashing going on now and one of the things that the older generations
bashes about is our loyalty we never stay at one company for a long period of
time we always want to jump around but in today's economy where people are
jumping around a lot and maybe less than is actually advertised but where the
perception is that people are jumping around a lot
how does loyalty fare in the workplace well there's something to be said for
loyalty continuity in the workplace one people know your work ethic you're
probably pretty comfortable at that place you don't have to prove yourself
to anyone anymore because you've already proven yourself whenever you go to a new
place you have to prove yourself about that I mean you have to prove yourself
to the people that you work with but that's though so that's a pro for
loyalty but one of the big cause of loyalty is your compensation financially
is going to be lower than if you moved around in the workplace we see this in
clinical research we see this in other job markets as well the problem in
clinical research is the pay rates are so much higher elsewhere where it's
almost really really dumb for you to be loyal for you to be at a place five six
seven years unless you have to do it to be promoted to the next level
I think in order for you to go from project manager to project director you
have to be at a place for while for them to internally promote you
or you can do it externally where if you've been a project manager for a
while they won't promote you maybe you can get a job elsewhere to become the
project director and I'm just using that as an example just throwing that out
there so one of the reasons why people move because they make it so damn hard
to get a promotion internally at most of these CEOs and companies it is so damn
hard first of all you have to document everything that you did even though
you've been working there for many years at a time you have to beg your line
manager to allow you to even apply for the position there's so many shenanigans
about when positions are available there's almost no real advantage to
actually working there than there is to apply externally whenever you finally if
you finally get the job they're gonna lowball you and you know they're gonna
lowball you pretty much on your salary they're gonna try and keep you underpaid
so that's one of the reasons why people move around so much and they always
complain in clinical research about how nobody stays put especially si Ras and
the big issue I have with that is pay your series if you want them to be loyal
because there's always gonna be a recruiter that is gonna be able to say
hey we'll pay you ten more thousand dollars a year if you come over here you
don't doing the same job we're just gonna pay you ten thousand dollars more
I've heard even higher than that depending of course someone's gonna
actually listen to what they have to say no matter how happy or comfortable they
are ten thousand dollars that's real money
especially in the United States that's real money that makes a real big
difference and can you know they say money doesn't make you happier but wow
that's a big difference and that's definitely up for consideration
so that matters one of the things they should do for SI Ras is say is give them
a plan if you stay here for two years we're gonna increase your salary by this
much you're gonna get a even bigger raise in that ten thousand dollars that
quick money that recruiter will offer you if you stay for three years we're
gonna increase you by this much and so on and so forth so I think that kind of
like midterm to long term salary plan is something
that they can incorporate for positions that tend to have more turnover like CRA
s but the turnover also happens at a lower level they make it too damn hard
to get a promotion I know one person who tried to apply for another position this
year in a CRO space I'm not going to name it but they tried to say it was a
lateral move when we know good and well it was not a lateral move
one was an entry-level position where this person came in on and but the
position he was applying for they never give that position to entry-level people
that's not a position for people just coming in off the street but they try
and they try that tactic to lowball you in order to potentially get you to
accept less by saying it's a lateral move this lateral move that don't
believe that every time you change jobs is an opportunity for you to note
negotiate so you make sure you negotiate your salary and your benefits because we
know during the year or after you accept the position as becomes much harder to
negotiate because you always want to negotiate when you have the leverage and
that's why one of the reasons why and while we're discussing this topic and
loyalty because if you stay at a company you have less opportunities usually for
promotion which means you have less leverage opportunities in general to you
know advance your finances or get or advance your benefit package but when
you move company to company you have multiple opportunities to negotiate and
not only are you gonna increase your salary but you're going to become better
at negotiating you're gonna have more you're gonna have more understanding of
what you want in your total compensation package and what is important to you and
your lifestyle so that's one of the benefits from moving around a lot is you
get better at negotiation and you understand better through working for
the different companies what works more for you and your lifestyle because no
and not everyone weighs the benefits equally I know we've talked about that
before in another video but everyone everyone what they want in
their compensation is gonna be different depending on their life and their
lifestyle some people they want more money
other people they want more vacation time other people may they may want more
work from home time and so on and so on so that matters but one of the main
things about that even inspired me to make this video is because the
frustration I have in the hypocrisy in the way companies say that they promote
from within but they want to lowball you with the salary if you if you are loyal
so my summation I think loyalty is overrated and I'm curious to see what
you guys think go ahead and comment down below
you know I outlined a bunch of reasons why a little T's overrated but for one
it's the finances they're not gonna increase your salary as much as if you
came in from a different company which I don't get because if you come in from a
different company for the first one to two to three months maybe even four to
five months you're not gonna know what you're doing you're learning new systems
you learn everything new you're learning your new companies way so you're not as
valuable to the company during those few months as someone who you promoted
internally well because they know how everything's done they know how the
company runs they know how it works they basically know everything already
and they just have to learn the role where somebody coming in they have to
learn the company's ways the culture etc and they have to learn the role but
you're paying them way more it makes no sense to me
and so you can't have it both ways you can't criticize high turnover rates and
then pay not pay people enough for when they rise internally in the company and
you can't on the flip side say you want them to stay with you long term
if you're paying them low so you can't have it both ways if you want if you
want to decrease turnover pay your internal people and then that culture is
gonna spread where they know if you stay here long enough and you get that
promotion they will pay you handsomely more than if you jump around but that's
just not the case so if you want people to stay pay your people especially the
loyal ones the one that better that have been there for a long time or that want
to stay there for a long time pay your people I'm tired of it I'm sick of it
it's not right and the hypocrisy is real out here so I'm curious what you guys
think about loyalty comment down below what you guys think about loyalty in the
workplace I'm curious if you are not in clinical research obviously we look we
take a look at these things through the clinical research prism but I'm curious
what you guys think about loyalty in the workplace if if you think it's a benefit
or if you think it's a con and is the modern economy changing to where more
people are gonna be jumping around more are more people going to be moving
around around the country more around the world more so loyalty doesn't
exactly matter also there's a component where people don't feel as connected to
the workers because of remote working and doing a lot of communication through
email and into the message so what do you guys think I know what talks a lot
about that in the video I'm curious what you guys think so if you like this video
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you