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should I pursue this job?
alcoholic_engineer
Registered User regular
Registered User regular
Ok here is the deal: I am an electrical engineering student who will graduate this april. I just received a call from a company called carmanah about an interview. I am quite interested but I have a few reservations.
1. It is a position filling in for someone on maternity leave so they said it is a 1 year thing, but if they like me they MIGHT consider a full time position.
2. Their stock: It has been going down at a nice and steady rate. [url=http://finance.yahoo.com/q/bc?s=CMH.TO&t=5y[/url] They are still doing millions in business and last year were bc's exporter of the year despite doing losses.
It is in a field I am extremely interested in pursuing, with not a whole lot of opportunities in this field so I am concerned about finding another job if they dont ask me back after a year. I am fortunate to be in alberta where there are tons of opportunities but this one would be nice.
So PA forums, should I pursue a job for a company that posted a loss last year just for a year? Or should I take a more stable option?
Thanks for anyones thoughts
1. It is a position filling in for someone on maternity leave so they said it is a 1 year thing, but if they like me they MIGHT consider a full time position.
2. Their stock: It has been going down at a nice and steady rate. [url=http://finance.yahoo.com/q/bc?s=CMH.TO&t=5y[/url] They are still doing millions in business and last year were bc's exporter of the year despite doing losses.
It is in a field I am extremely interested in pursuing, with not a whole lot of opportunities in this field so I am concerned about finding another job if they dont ask me back after a year. I am fortunate to be in alberta where there are tons of opportunities but this one would be nice.
So PA forums, should I pursue a job for a company that posted a loss last year just for a year? Or should I take a more stable option?
Thanks for anyones thoughts
alcoholic_engineer on
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Most positions in any field look for previous work experience. And even a year experience can help your resume out a ton.
It can be really hard to find work when you get out of school, so really pursue any experience you can find. They say it's for someone on maternity leave, but for all you know, the lady won't even come back and you will get a secure job. Even if she does come back, they might ask you to stay. Who knows!?
Getting that experience out of school is valuable and will help you later on.
And keep this in mind: the stock price of a corporation is not necessarily indicitative of the job security it may provide. Stock prices move up and move down based on expectations and the ability of the company to fulfill those expectations. If it goes down, it may just mean it was over valued, not necessarily in the shitter. Further, accounting losses are also not particularly worth worrying about from the standpoint of an employee. A lot of things go into that number, and while some may have an impact on the company, many do not (for example, things such as depreciation, particularly in regards to intangible things like goodwill). Also, one year of loss may just reflect an unusual, non-recurring event with a significant impact on the accounting numbers. Once again, nothing much to worry about.
So anyways, I say go for it. The Alberta economy has been hot for a long time but we're looking at a definite slow down over the next few years. If the opportunity is good, and the company looks like a good place to work for, then go for it.
If you do get an offer from another company, you can let Carmanah know at that time. If you like it there, maybe it will motivate them to offer you a permanent position.
Take GM for example, stock went down (because of Chrysler's overall retarded situation), and are now on the rise again, but there are huge amounts of layoffs. A stock going up obviously isn't indicative of job security :P
I think the above points to yes, it's worth going for. As other people have pointed out, the worst that can happen is that you come out of the job with a year of actual, on-the-job experience in the field you want to be in. On the flip side, everything might come out perfect and this will lead to long-term employment in, again, the field you want to be in.
The reason their stock has dropped is in large part due to the exchange rate and them being over stocked and not anticipating a drop in exchange rate. They are still doing a ridiculous amount of business, but at the same time are selling off a department they bought a few years ago for substantially less then they got it for.
I should also mention that getting a job is not an issue: I am fortunate enough to have had or have interviews this month alone for 4 companies so if you guys are suggesting i grab the job just because it is a job that is barely an issue.
Also I should mention it is in a different area of the country (victoria, not an issue- i like the region), but more importantly most likely will be for less $$ (by 10,000 range or so i expect),
Thanks again for the input guys, this is great for me to see what everyone elses thoughts are on the issue