In order to work effectively, you must learn about the signs of a bad employer. To achieve career success, you need to work in the right organization. Otherwise, you will get nowhere, no matter how dedicated you are at work.
Characteristics of a Bad Employer
How can you tell if you work for an employer who will do you more harm than good? Here are some signs to watch out for:
#1 Bad reputation of a company
A bad reputation is one of the common signs that tell you to consider finding a new job. If you are associated with a company with a bad public image and/or low client satisfaction rate, it will affect your image as a professional.
You want to be part of an organization with a good reputation among your peers and within the industry. It doesn’t matter how small or big the company is, as long as it is widely known to be a good employer.
#2 No leadership
If you’ve been working for quite a while, you might’ve come across a bad boss or manager who made a negative impact on your corporate life. But the worst part is to work in a company that lacks leadership. An organization needs a goal that employees work towards, direction, sense of accountability, and operations that run smoothly.
If the company lacks effective corporate governance, it can be a sign that it cannot provide employees with a work environment that’s conducive for work and make working an enjoyable experience.
#3 Irregular pay
Most, if not all, professionals consider the salary as one of the deciding factors to accept a job or not. With all the necessities that we need to manage every month, it is frustrating if there are delays in the release of your salary. It is also a sign that you’re working for a bad employer.
Frequent delays or mishandling of employees’ salaries can mean that the company is facing some financial challenges. It can also be that there is no efficient payroll process in place.
#4 Cannot keep promises
A bad employer makes verbal promises. The problem is that it is very easy to make, but the company can always break what they initially promised you. If you are told that you will get a bonus once you reach your quota for the quarter and there is no written document, the bad employer can freely deny offering such a benefit.
It is not to say that all companies that make verbal promises are a bad employer, but if they offer something without any documentation, it should be considered a red flag. Bear in mind that a good employer makes an offer or a promise in writing.
#5 Poor communication
Poor or lack of corporate communication within the organization can lead to distrust and can create a gap between the employer and employees. A good employer establishes a clear and well-defined policy when it comes to communication.
A clear communication policy results in transparency, keeping all employees informed of the latest in the company’s projects and what people can look forward to. Putting in place an efficient communication policy also keeps the staff motivated, knowing that they all work hard towards one goal.
If you find yourself working for an employer with the abovementioned signs, you may want to look for other career opportunities. Do your research and ask colleagues or mentors. There are many companies out there that keep employees’ interests in mind. When you work for a good employer, you will be able to grow and eventually, become successful.
Thank you for reading CFI’s guide to spotting a bad employer. CFI is the official provider of the global Financial Modeling & Valuation Analyst (FMVA)™ certification program, designed to help anyone become a world-class financial analyst. To keep advancing your career, the additional resources below will be useful: