Last week in my blog post I touched on looking at potential upside in companies where there was more risk than in an established firm with a long track record in the market. People often hear about startups and think silicon valley….certainly not construction!
The reality however is that construction is an insanely risk laden environment and companies come and go all the time. In turn other companies spring up out of opportunity in the marketplace and you have a new player on the block. The advantage to the companies in this “new player” category for a potential employee is that you’re not bottlenecked behind 50 people on your journey to an Executive role. The disadvantage is that one bad project and you might be back out looking for work.
When I talk to people and assess their situation I like to delve into their tolerance for risk. A 28 year old Assistant Superintendent will usually have a greater tolerance for risk than a 53 year old General Superintendent with three kids in college.
It comes down to this- what do you want? Simple. Do you want a big opportunity and the ability to move quickly within the ranks of a company? Then you have to be willing to give up the 401k maybe for a few years and accept a potentially weaker benefits package.
So my advice when seeking a job change is to really assess what is most important to you. This will help you identify the types of companies you would like to target.