No Idea what to do...

S

synthedup

Senior member
 Rotherham
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 :thumbsup: )

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?
 
I've been in this dilemma a couple of times in my career, I think I made the right decisions at the time.

What sort of business are you in? The new company offer sounds tempting, and they seem to have a plan for the future. What's the future job security look like between the two?

There are a whole host of questions I'd be asking myself, not an easy decision but from what you have said it sounds like the new company offer is best IMO.

Anyhow, nice problem to have! Good luck which ever way it goes.
 
A quick response to the info you've given would be stay where you are. Promises are jam tomorrow, never guaranteed to materialise. If you don't progress further in the timescales you would have if you'd left then look around again. You're obviously good at what you do, so it won't be the last time someone tries to pinch you. Much is made of never staying with the same company for a long time, but it can work. You have a reputation, a network and they obviously want to keep you. Remember if you leave you'll be starting again from scratch, and the grass is never totally greener on the other side.

All that said, ask more questions as above, and don't sign that contract until you're sure.

As for measuring pay rises in cars - I really hope that's just so we understand the scale :lol:
 
Echo what Bingo has said. It will look better on your CV to take the promotion at the current firm, especially after being there for so little time. The only reason for jumping ship would be if you hated where you currently are. Lets hope your new role doesn't involve proof reading. :P
 
nothing wrong with staying put somewhere longterm...

though I would say that wouldn't I - joined my current company in Aug 1998 :o
 
Thanks for the input guys.

Hahaha I have a team to do my proof reading for me :)

I work in the digital industry, so anything website related, SEO, Digital Marketing, On line Applications etc.

The reputation of my current company is what helps me in my current job, we work with clients in over 25 country's and work with some massive names, Placido Domingo for example. (His new website is going live today BTW, ignore the splash page that was designed by Sony and has to be used as part of the contract)


I expect the industry to stay strong as technology progresses :)

Guess I have a lot of thinking to do over the holidays!
 
Loyalty pays long term ... that approach has seen me well through the 25 years I have run my business, I could have dumped lower paying customer in favour of promises made by big customers that actually never really materialised due to whatever reasons so as Bing says - don't count on promises!
 
Tough one and I am not really going to help you here. I would question who is putting more effort into their plans and putting their money where their mouth is. I have seen a lot of ambitious businesses fall flat but also existing companies rest on their laurels and are no longer with us.

Sounds like you have the world at your feet and although there are offers, you are at a young age and there will always be others to consider. I would get more details from both parties and see which horse is going to be running faster but not irresponsibly so. There is nothing certain in business but always play the percentage game if you can.

H.
 
I would have a think about what you actually want to achieve, for yourself and others, before doing anything.

For example, are you really happy in your current job? I mean, you say you are, but you were just offered a massive pay rise in what might have been blind panic at the prospect of you leaving. While you don't want to hold your current employer to ransom, you should definitely have a conversation with them about what their long-term plan is for you and why the additional remuneration has suddenly been so forthcoming. There doesn't appear to be a strong correlation between long-term job satisfaction and either of the two "carrots" you mention - being headhunted with an out-of-band salary or being retained via a knee-jerk pay bump. Many companies set aside a substantial fraction of their payroll budget for exactly these reasons, but the best companies (especially in tech/digital) don't need to make a big deal out of it because their talent strategy is just "be awesome".

I am in the same industry as you and personally, I would take the role with the other firm if it offers a significant opportunity to develop a new business area or team, and that opportunity isn't available at your current company. The pay bump is a bonus, and if you don't have any dependents then right now might be a good time to take a risk, career-wise, and save a pile of cash for the future. If that means purchasing an "appreciating asset", in car form, so be it. :P
 
Echo the sentiments of above, if the current have offered you same promotion with bigger team then stay where you are, if you've already been there two years then you are probably at the point where you're gelled into the company role, processes and people so you'll be at your most productive going forward it's easier to continue i.e. You're already setup to do great things. So unless you're fed up or you know that the company ain't doing well then there's no reason to leave.

However, saying that, if you're looking for a challenge and are financially secure enough to make the move then go for it, but if you're on a notice period or the company could for whatever reason cut the position then be prepared for it.

Good luck with whatever you do :thumbsup:
 
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 :thumbsup: )

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?
Click to expand...

28 with no dependants , onwards and forwards mate .
 
Thanks guys,

My current company doesn't actually know I have been offered the other position, so the promotion they have offered is nothing to do with me potentially leaving the company. No doubt I could negotiate more money if I was to play the two against each other but that's not really what I want to do, I'm more then happy with the salary both are offering.

I just don't want to regret anything, guess time will only tell.
 
synthedup said:
My current company doesn't actually know I have been offered the other position, so the promotion they have offered is nothing to do with me potentially leaving the company.
Click to expand...

What?! Don't believe you... :D
 
synthedup said:
Thanks guys,

My current company doesn't actually know I have been offered the other position
Click to expand...

Don't play the companies off against each other or 3 months down the line you may find yourself redundant.
 
If you have to have problem,s id say yours is a good one :)
As above i wouldn't play each other against & personally id stay with the devil you know , ive seen many dangled carrot's turn out to be turnip's painted orange :wink:
 
So it really boils down to what made the other company give you an offer. Were you proactively looking before you were approached or were you headhunted? This is key - if you had no thoughts about leaving and/or did nothing about it to this point, it's a rather nice feeling to feel wanted. That said, were you happy with the way things were before the offer? If you were looking, there had to be a reason, whether it's promotion/prospects/development, money, role or even something as simple as feeling restless and needing a change of scenery.

If you were looking, now you have 2 offers on the table - one to stay where you are, albeit in a better position - and one to leave, apparently onwards and upwards. The option to leave appears to have a bigger plan in place, the option to stay matches money and has some progression but not a lot. If it's a small(er) firm or has limited scope for expansion, how long do you think you'll stay in the company - will you hit a 'ceiling'? If that happens, you'll probably leave anyway.

If you were not looking, you have the option to leave but you may well be happy enough to stay given the 'bump up' on offer. I don't know your industry but in my experience it's a small world and I'd be surprised that your company doesn't know that you've been given an outside offer even if they deny all knowledge. You may be valued and respected, don't be tempted to play one against the other to get more as you'll erode that and if you stay it may be resented which probably means your tenure won't be extended for long.

If you leave now, the other company gives you an instant boost and has growth plans in place - what are the probabilities of those plans coming to fruition, what does the past performance of the company/track record of the leadership team look like and is it in line with those plans? Are the promises - based on targets - going to be contractual?

Sorry if this hasn't helped in the slightest, the hope is that asking yourself these questions will help you make the decision that's right for you.
 
mr wilks said:
If you have to have problem,s id say yours is a good one :)
As above i wouldn't play each other against & personally id stay with the devil you know , ive seen many dangled carrot's turn out to be turnip's painted orange :wink:
Click to expand...

I see what you did there with the ebay shitter! :wink: :D
 
I do some work in recruitment so may be able to advise.

Whenever a candidate receives a counter-offer from their current employer, I will always ask them the following:

"Why have you had to say you're leaving in order to get that counter offer?"

"Have they promised you a pay rise/ bigger team in the past, which hasn't materialised?"

Dependant on how you managed their counter offer, if you were to stay would they look at you differently or not consider you if any progression opportunities came up in future?

Think of it as an ex girlfriend. If you've ever said you're leaving, it's never the same if you try and give it another go!!

Food for thought, good luck! :thumbsup:
 
I don't believe in coincidence - the fact you have been given an offer from your current employer matching the one of the other company suggests to me someone knows more than they are letting on.

Whatever you do I would be very careful what you say and who to !

Go with the company you trust the most !
 
Stay with what you know, the grass isn't always greener..... as they say.
No harm in letting your current company know you have been approached, but you want to stay and this promotion is your focus etc etc.
 
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