Aug 31 2011

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 .