How can specialization affect your employment? Why companies WANT individuals who have a specialization?
Wherever you go in the world, you wouldn’t be able to find a place where skilled individuals are not high in demand. Companies strive towards turning their workforce to be specialized in specific areas.
This helps the firms to perform their work much more effectively and eventually achieve success. This is why companies arrange specialization procedures for their employees.
And that too, out of their own budget!
Although, it does cost the firms, but the return on investment is far too gigantic. The employee gains a specialized skill, and the company benefits from their expertise – a win-win situation.
How can specialization affect your employment?
Specialization helps employees to perform exponentially better in focused areas. We have already established that companies want highly skilled individuals. Now, let’s see how it influences your employment.
1. Finding a focused niche.
The whole purpose of specialization is that it enhances your skills in a particular area. You can easily identify job areas based on your particular expertise.
Similarly, on the other hand, companies are also looking for individuals with specific proficiency. Hence, you can find yourself a proper job with specialization.
For example, if you have proficiency in a coding language such as Java in the vast field of Computer science, your chances of employment are fairly high.
2. Have job security.
At the end of each year, many employees go through the anxiety of whether their job contracts would be renewed. Are they going to be employed or will they “get canned”?
However, when only you are the person that knows what they are doing, you have job security. You don’t ever have to worry about employment. This brings me to my next point.
3. You are self-sufficient.
When you are skilled, you don’t need guidance besides the basic requirements and outcomes. This enables managers to focus on their other duties and provide supervision to other members.
You also have the capability to immediately find employment elsewhere in case you want to leave your current job. Basically, you become self-sufficient and can even go freelance.
4. Have a higher wage.
Since you are more skilled and have expertise in a specific area, your services become high in demand. Now, it’s the basic rule of economics, high demand = higher price. You get offered jobs with higher pay. And your current company will also offer you a better salary to keep you retained.
Also Read: 3 Jobs for People Who Get Bored Easily?
Does specialization have any negative effects on employment?
Well, nothing is perfect. And likewise, specialization also has some negative effects. But thankfully, they pale in comparison with the advantages of specialization.
With some efforts, the negative effects can also be catered for. Regardless, let’s see what negative effects you might face due to specialization.
1. Prone to becoming outdated.
Specialization has the weakness of becoming outdated after a while. It is because technology is always improving. For example, typists were high in demand a few years ago.
However now, due to the availability of computers and laptops, nobody wants to hire them anymore.
2. A hectic routine.
Since you have a specialization, it means that there are fewer people like you. Likewise, companies would often refrain from hiring too many individuals with specific skills in one sector.
This means you cannot take many breaks from your job. The work cannot continue or continue effectively without you. Hence, you won’t be able to enjoy many holidays.
3. Looming unemployment.
As companies refrain from hiring too many individuals with the same set of skills, it could prove as unemployment for you. If you have suffered a job loss, you might not be able to find the same job somewhere else easily.
Chances are, the other company already has an individual with your skills.
What is your conclusion on this?
Always look for opportunities to expand your knowledge is one of the traits of billionaires. Specialization improves your knowledge vastly and has many advantages when it comes to employment.
Granted, there are a few disadvantages of specialization as well. However, they are puny in comparison to the benefits and can be catered for easily with a bit of effort.
Nonetheless, the attainment of more knowledge should be the primary goal of specialization. It’s benefits on employment are just the extra perks that you would also enjoy from it.