Getting listed on Forbes’ Best Employers List for 2017 is a great accomplishment.
It means your current employees love working for you and potential future employees want to work for you.
While it’s great for the employer, it’s not great for the you and me.
Why is The Best Employers List horrible for you?
This was brought to my attention from a friend of mine.
He worked for a large company on this list.
Everyone admires this company and loves working for them because they treat their employees really well.
Because everyone was happy, no one left.
But on the rare occasion a position opened up that would be a promotion, the company got flooded with thousands of applicants.
So my buddy didn’t stand a puncher’s chance.
The company could pick the best of the best and pay the cheapest compensation.
It was a double whammy.
What does this mean for you?
First, you need to decide if you want quality of life or quantity in life.
They are 2 very different things.
Quality of life means more family time, less stress and a better commute.
Quantity in life means more compensation.
If you want quality of life, work for a company on The Best Employers list.
You’ll get a high quality of life.
If you want quantity in life, work for a company that’s not on this list.
Companies that don’t provide quality of life will pay more to attract employees.
What is your competitive advantage?
Take a different approach.
Everyone wants to work for a company on The Best Employers list.
But no one wants to work for a company with a reputation for being difficult.
If you can learn how to handle stress and difficult bosses, you gain a competitive advantage.
And you will make more money.
To make more money than other people, you have to be different from other people.
So going after a job on The Best Employers list won’t get you there.
It’s what everyone else does.
Going after a job with a difficult employer is different.
Think of your ability to take crap as a competitive advantage than will make you more money.
Have you worked for a company on this list and found it difficult to move up?
Let me know in the comments below.
Click the link to return to Finance Footing home.