Longevity Doesn’t Pay

All my life I have always heard that longevity in a job shows you are stable and looks real good on your resume’. Well, I am a stable person by nature anyway, so staying at the same job is no problem for me. The problem is the career path I chose. Actually, I didn’t choose it, I fell into it quite by accident.

Way back in 1982, I saw a want ad published by a recruiter for a dental assistant for $15,000. I inquired about it and when I had the interview with the recruiter, all she talked about was a job with Loyola Federal as a mortgage processor for $6700.00. I asked what about the dental assistant job? She said, “oh, that’s not available”. So there goes my start in the mortgage business. I was only 17 at the time and still living at home, so I was not pressed to make a certain salary. Anyway, fast forwarding to 2011, I made an observation. I never lost a job the first 14 yrs in the mortgage industry. In the last 16 yrs., I have been laid off 4 times. I have now been laid off for 7 months. I am a mortgage underwriter and my 30 yrs of experience apparently is meaningless in this crappy economy.

In my most recent job, 4 out of 8 people in our MD office were laid off a week before Christmas and only 9 days after the company Christmas party. Real nice, huh? The rest of us were gone when office was shut down all together, which was no surprise. Problem that I see is that in the first 14 yrs. I never lost a job because I would leave a job before it got bad enough for offices to start closing. I would say safe zone was 2 – 3 years. So I have concluded that longevity in a job doesn’t pay. Keep on moving..

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This post was submitted by Irene .


3 Responses to “Longevity Doesn’t Pay”

  • econobiker Says:

    Nope, longevity does not pay.

    At one company where I worked( 2001-2006 ) there was a guy from a sister company (under the conglomerate) who moved around in management and sales about 5 times during the 5 years I was at that job. This guy even moved to my company for about 6 months and then on to another higher level position at a third sister company in the conglomerate. Somehow he doesn’t list the 6 months at my company on his online resume, though since that position was not as prestigious.

    One funny thing is that he had moved yet again by 2008 to an even higher title position as president of a newly created subsidiary of the original sister company from which he had started.

    Is that some sort of luck? Or is it just knowing the right people? I ask this as other people had been laid off from that original company during his time away from it yet he swoops back in and scores a position in the new spin off…

    Keep moving!

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  • Another unemployable engineer Says:

    It’s all about knowing the right people.

    I worked for 10 years at a defense company. I received a solid raise ever year (include the year I was part of a huge engineering layoff.) Why did I lose my jobs in that layoff? Because I was the oldest one in my group… at a bit over 30-years of age! Oh, and I was the senior guy and thus the “most expensive.” In the end, performance doesn’t matter, as my story proves.

    But who did keep their jobs after the company finished up destroying the careers of most of the actual senior engineering staff as well as sacrificial offerings like me? All the brown-nosers and connected people – the ones who never did an honest day’s work in their lives and who were directly responsible for the company’s problems! So, yes, it is who you know, not WHAT you know, that matters.

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  • Charles Says:

    I agree that longevity doesnt hold its weight anymore. It only matters when you are looking for employment but once you land the job and stay there for 10 years your time of service has no merit when it is time to be laid off a week before christmas and 2 weeks before the bills are due.

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