When to Change Jobs - The 3P Framework
Source: https://arpitbhayani.me/blogs/3p Date: 2024-10-19
Is it time for a career change? Use the 3P formula (Paisa, Power, Position) to evaluate your job and unlock your career growth potential.
Knowing when to switch roles or companies significantly impacts your career growth and trajectory, and I have a simple 3P formula that can help you find the right time to switch.
- Paisa (money)
- Power (core competency growth)
- Position (ladder growth)
At any company you are working at or switching to, you should get at least two of the three Ps. If you are getting fewer than two, it is time to switch.
- Paisa (Money)
Monetary compensation is often a primary motivator for a job change. Consider a switch if your current role does not provide enough or if the increments do not keep pace with industry norms. If the other two Ps outweigh your average salary, it might be worth staying at the current company.