Job Security in IT Companies
Job security is the most important aspect that every employee wants. Many times we hear some company has fired this many of employees or this MNC has fired 5000 employees etc..etc.this could be really threatening for every software professional. First of all, we should accept that the software field is for young blood below 45 years of age. if you cross 45 years of age then it's difficult for anyone to survive in the software industry. Because the requirement of architects & managers is less comparatively developers, testers & similar designation. The energy level of a 25-year employee is more than 45 years of employee. Although experience also matters but the requirement of higher designation is less & due to the heavy salary packages of managers & other higher designations, job security becomes low. If any project fails or the company comes in loss due to some projects then higher designation members have more chance to lose their job. Software engineers could have a chance to switch their projects but not management people have not.
Apart from this, there are some companies which have good job security. Like Capgemini, Although the hike is less there but job security is more. If you do not perform company will put you on some another project. You will get a decent amount of chance to perform but after so many chances also if you are not able to perform then definitely any company will throw you out.
Infosys, Wipro & TCS are also good options for job security.
Service-based big MNCs have good job security So try to get above companies for better job security.
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