Sit down and do a pros and cons list on paper with a pen and draw it on a table. I know this may seem old school / obvious but it really does help..
No Idea what to do...
- Thread starter synthedup
- Start date
Paulwirral
Active member
synthedup said:Hi Guys,
I know there is a lot of intelligent people on here, maybe someone could offer some advise.
So the past 7 days have been manic with meetings and discussion around my work life, I was approached last week and offered a new job, the new job would see me in a Commercial Director role with a substantial pay rise (enough to conciser buying pretty much any car I want). Now I thought this was great, lots of discussions around the new company and discussed in details plans for growth over the next few years. As part of this it would see me again getting 2 another substantial pay rise as phases are achieved (each pay rise being enough to buy a second and third car)
After all the meeting I couldn't be happier, im expecting a contract to be handed to be tomorrow which I am expected to sign over the holidays.
However, yesterday afternoon I was called into the board room at my current company and offered a promotion, this would see me getting a bigger team and again a pay rise (to the value of what the other company has offered me) However no solid plans for this to increase further over time apart from the typical annual increase.
Iv worked for my current company for just over 2 years and really enjoy it, however should I take the new opportunity? will I regret it if I do, or if I don't? They have even offered me a transfer of service within my contract meaning any legal entitlement I am due for over 2 years service I would retain.
I am 28 with no kids of dependants, I guess this would be the right time in life to make the move, thought?
Bet you wished you hadn't asked !
Everyone's different and only you know what's right , what suits me may not suit you .
Good luck with your decision but never look back and wonder what if ?
Two equal offers, one a known entity the other with a verbal promises of more to come. That's called a sales pitch by the way. Plus you only have 2 years with your current company. I'd be staying where I was building my team and my reputation to create a strong secure position for further moves in the future.
Nice position to be in. I agree on not using the offer as a bargaining chip. Your present company are rewarding your efforts without the need to twist arms, so would just cause mutterings and could back fire.
Nice position to be in. I agree on not using the offer as a bargaining chip. Your present company are rewarding your efforts without the need to twist arms, so would just cause mutterings and could back fire.
Money doesnt rank highly for me in a job.
It is about stresses on your lifestyle that you could do without.
It would come down to how many hours your working week had and how far you had to travel every day to work.
Your 40 hour week suddenly becomes 50 and 60 hours due to travelling or having to work late.
No point spending most of your life either working or travelling to work and not enjoying yourself.
It is about stresses on your lifestyle that you could do without.
It would come down to how many hours your working week had and how far you had to travel every day to work.
Your 40 hour week suddenly becomes 50 and 60 hours due to travelling or having to work late.
No point spending most of your life either working or travelling to work and not enjoying yourself.
Interesting post - i basically skipped most of the responses as this caught my eye:
From the potential new company:
" substantial pay rise (enough to conciser buying pretty much any car I want)."
Followed by a matched payrise offer from your existing one?
A few things, on the assumption that my idea of 'substantial' matches that of yours:
1. You're clearly doing something right, or you're a pawn in something bigger - either way - well done.
2. Is this not a tad coincidental? Sure sometimes things come along, but what you'd previously described as 'significant' you're now going to receive in-house. It's pretty rare for companies to offer payrises when not requested, nevermind 'out of the blue' nor coincidentally timed like so. Equally, 'substantial' internal payrises are even MORE rare.
3. Whatever the reason your current company is offering the above, it's a mark of a good company, especially when it's not a minor gesture. A company that is aware of the value of it's staff is rare, and one that is willing to put their money where their mouth is more so... and for me i'd be incredibly cautious when giving that up.
My advice would be to weigh up the pros and cons of each. If your main attraction to the new role is money then i'd think twice, i'm sure there's plenty on this forum that would happily say 'money isn't everything', and it sounds like you're on to a good place (that's willing to reward you) so that in theory is worth much more. You could definitely attempt to write in some sort of similar phased salary changes for existing firm - or just query your path of progression should you take their offer.
If, however, you had decided you wanted to leave, and the only thing keeping you is the suspiciously timed counter offer - i'd think twice. As someone said, going back to your old firm when you've mentally already left is a risk and likely you'll of wished you'd left further down the line.
Needless to say (and apologies to any that work here, including the chap that said he does some recruitment) i'd not trust most recruiters as far as i could throw them, so if there were any involved in the initial contact from $newFirm then i'd be more cautious of (2.) above. Oh and titles don't mean everything, be careful you don't land a title too early in your career that doesn't match your experience (that could therefore end up restricting your future path by not matching the skill/experience expectations of other companies, or the opposite - people not wanting to interview you due to potentially being too senior based on your title). I frequently interview guys who think very highly of themselves but don't make it past the first screen in our process, through no real fault of their own.
Best of luck! Maybe some of my blurb is useful food for thought.
From the potential new company:
" substantial pay rise (enough to conciser buying pretty much any car I want)."
Followed by a matched payrise offer from your existing one?
A few things, on the assumption that my idea of 'substantial' matches that of yours:
1. You're clearly doing something right, or you're a pawn in something bigger - either way - well done.
2. Is this not a tad coincidental? Sure sometimes things come along, but what you'd previously described as 'significant' you're now going to receive in-house. It's pretty rare for companies to offer payrises when not requested, nevermind 'out of the blue' nor coincidentally timed like so. Equally, 'substantial' internal payrises are even MORE rare.
3. Whatever the reason your current company is offering the above, it's a mark of a good company, especially when it's not a minor gesture. A company that is aware of the value of it's staff is rare, and one that is willing to put their money where their mouth is more so... and for me i'd be incredibly cautious when giving that up.
My advice would be to weigh up the pros and cons of each. If your main attraction to the new role is money then i'd think twice, i'm sure there's plenty on this forum that would happily say 'money isn't everything', and it sounds like you're on to a good place (that's willing to reward you) so that in theory is worth much more. You could definitely attempt to write in some sort of similar phased salary changes for existing firm - or just query your path of progression should you take their offer.
If, however, you had decided you wanted to leave, and the only thing keeping you is the suspiciously timed counter offer - i'd think twice. As someone said, going back to your old firm when you've mentally already left is a risk and likely you'll of wished you'd left further down the line.
Needless to say (and apologies to any that work here, including the chap that said he does some recruitment) i'd not trust most recruiters as far as i could throw them, so if there were any involved in the initial contact from $newFirm then i'd be more cautious of (2.) above. Oh and titles don't mean everything, be careful you don't land a title too early in your career that doesn't match your experience (that could therefore end up restricting your future path by not matching the skill/experience expectations of other companies, or the opposite - people not wanting to interview you due to potentially being too senior based on your title). I frequently interview guys who think very highly of themselves but don't make it past the first screen in our process, through no real fault of their own.
Best of luck! Maybe some of my blurb is useful food for thought.
Hi guys.
Thank you for all the advice, it has helped and I have decided to stay with my current employer.
I have a great team around me and that means a lot, I look forward to coming to work and it would be a risk that I may not feel the same elsewhere.
Thanks all.
Thank you for all the advice, it has helped and I have decided to stay with my current employer.
I have a great team around me and that means a lot, I look forward to coming to work and it would be a risk that I may not feel the same elsewhere.
Thanks all.
