18
F1973
23d

Got a job offer... Long story...

Now I need guidance...

I am being paid X at current employer.
Pros:
- Stability
- Trust and culture
- Product knowledge and rapport with peers
- Live at home so no extra expenses

Cons:
- B2B (which is affecting career trajectory)

I got an offer of 123% from new employer
Pros:
- B2C Payments domain (long term benefits in career)

Cons:
- Okay-ish hike (I would still be underpaid per various levels)
- Different city so adding expenses will bring me to near about current salary
- New place so have to build the trust
- Glassdoor says culture could be toxic

Now my paint points:
1. Immediate need for salary growth
2. Long term career I can build myself
3. Need a salary runway until I can score a decent brand/job with good work/domain

Now my manager said they are giving me a promotion with a salary hike as per my employer brand. So this hike range would be 100% of X to 400% of X.

My question:
1. Shall I go for retention at current employer getting a counter offer from them and build myself a runway?

2. Shall I take a leap of faith for long term compromising my immediate need of salary and take up the new job?

Doing the first will make me spoof the new offer letter a bit to bargain well with my employer, else they would not give me a decent raise.

Doing the second for long term, my past experience says long term strategy didn't work as I applied it and I am facing the heat now.

What should be my approach in this Pandemic situation considering my current employer is bigger brand than my next and there is a probation of 6 months (which is quite scary in current times).

P.S.: Meanwhile all this happens, I am talking to other great companies too.

Comments
  • 1
  • 0
    @SoldierOfCode @010001111

    @TheAbbie who else are our regulars?
  • 2
  • 2
    Most of this is about predicting the future and personal preference I suspect.

    Can't really predict the future at the new place...

    But we can ask do you want to move?
  • 12
    A good job is rarer than a well paid job.
  • 1
    @N00bPancakes Was about to tag you..

    Looking at current situation and long term, I think I can score better and when markets open up things would be easier.

    I would want to stay (provided current employers pays me market standards/what I am asking, which they can easily).
  • 0
    @jespersh What should I infer?
  • 1
    @F1973 I'm subscribed to your rants, so I already read it, but honestly I have no idea, I don't want to give advice on things I don't know about, but I thinks in the pandemic it's safer to stay in your current position, normally I'd go for long term over short term, but now with pandemic short term is more important in my opinion.
    But as I said, I literally know nothing about this, especially since country, culture, economy and stuff like that play a huge role in this and I don't live anywhere near India sooo...
  • 1
    @SoldierOfCode I am humbled... Thank you for subscribing.

    Yes, I understand but I value your opinion and I want to know your opinion.
  • 11
    The best pattern I’ve found when fielding an offer is to take it to your current employer. If they don’t counter, they don’t like or want you; move on. If they like you, they’ll counter.

    If the counter is higher, take it to the other company. They’ll match or counter.

    If the other company doesn’t counter, your current still offered you a nice raise/promotion. If you like working there, you can accept and everything is a little better.

    If they do counter, take it to your current company and tell them you really want to stay because you enjoy working with them, like them personally, like the company, etc. but it’s difficult to turn down. They will probably counter again; if they do, take it.

    You could continue, but that’s being kind of a tosser. 😅 Enjoy your double/triple raise and a maybe promotion!

    Or if you really want a change of scenery, take the other offer.
  • 2
    @Root I am thinking about the same. If they really value me and they will retain me for all so much I have given to this company.
  • 4
    I can't say as much but while I do put money (as in, being able to live a normal life) first, having a good company culture and such is freaking important for me.
  • 2
    @Root I’ve always had the opinion that counter offers are always made with an air of resentment. We were exploiting you, we cannot exploit you as hard any longer. We want to find someone to replace you that we can exploit at previous levels.

    @F1973 TAKE THE MONEY. Move out in your own. Employment is exploitative and moving out will give you a power feeling that will be unbeatable. You already know the new company will have benefits in the long run of your career, and it makes you rip the bandaid off about how exploitative your employer, especially your first employer, can be. I should have moved on from my first job much sooner and I haven’t looked back.

    There have been a few cases of people going backward in their career posted here but the money difference was never this drastic plus they had already matured in their career more so the reversal was not as developmentally stagnating.

    Your personal development matters to. It will really begin when you get out on your own! You will change the way you carry yourself and act, and better opportunities will come. There will be other opportunities if you do not like what you move too! You aren’t married to your job.

    DO NOT TRY TO GET A COUNTER OFFER. You will end up losing both opportunities in most cases. Rip the bandaid off, leave on good terms with a references (not necessarily your boss, just some one who works there and can verify), and go grow financially, professionally, and personally!!!
  • 0
    @jeeper agree to the point but moving out to live alone is not the culture here and not something I am looking at right now.

    But I get the point. Let's see how this goes. Thanks
  • 2
    There are many great responses already, so I don't have much to add. All in all, I agree with @linuxxx. My current salary isn't "that" great, but the situation/colleagues make up for it.

    Good luck! And do keep us updated ;)
  • 2
    I hate bargaining... If you feel you are worth whatever compensation, stick to it and that's it.

    I have a few questions:

    1)Besides salary, Are you happy where you currently are?

    2) Do you believe they do have a future promotion for you?

    If both are "yes" I would stay there.

    3) Why haven't they promoted you already?

    4) If you don't burn your bridges you can always go back and renegotiate.

    HTH
  • 1
    More than the hike, your worry is about the product domain, if I understand correctly

    So, go for the new one and get a change
  • 2
    @F1973 you have my answer 🥃
  • 1
    @F1973 Go with your gut feeling.

    I'd try to to get a rise - stating that the underpayment isn't tolerable anymore, as I've proven my worth.

    When you change jobs, make sure to have a clean state of mind.

    Do one thing or the other, but never open the box of pandora eh regret.
  • 1
    Take a wank before you decide, it should give your mind some clarity
  • 2
    Looks like a stability vs. uncertain potential benefits question.

    Do you like taking risks and gambling or are a person, wich is fine with fighting his way up in an unfriendly environment?
    Then take the new job.

    Are you happy with your current work and collegues and would be pretty disappointed when the other workplace turns out to be toxic?
    Then keep the old job.

    Whether you should change jobs depends on your personality as well as the current job's parameters and the other job's set of potential parameters and their likelihoods.

    Maybe, you could take a vacation and use it to do a micro internship at the other company, if you are already pretty sure you want to change but don't want to risk a toxic environment...
  • 3
    @Jilano Thanks and sure, I will make another update post.

    @wicho Yes, will think over these pointers. Thanks.

    @asgs rather my paint point is money right now.

    @intrusionCM this very much makes sense. I'll demand a pay raise and if they don't value me, I will kick them.

    @matt-jd lol underrated advice.

    @oktokolo I am not at intern level and rather senior. But I get your point of personality. Let me think through this.

    Thank you everyone :)
  • 1
    @F1973
    The idea was not to intern there to let them assess your skills, but that you can assess their work environment before you fully commit to losing your current work environment.
  • 0
    @Oktokolo How can I do that?

    With some of 7 years of experience, how does that work?
  • 0
    @F1973
    Well, i guess, you could just ask them.
    Like "Really considering your offer, but want to first see for a week whether i match well with the team." or something. Might even be a plus as they will might not see it as risk averse but more as "wow, a real team player!!11". ;)
  • 0
    @Oktokolo I doubt that would work. I haven't seen anyone do that..
  • 1
    @F1973 Having one or two trial work days is not that uncommon and it can be a benefit for both sides.
  • 0
    @saucyatom I still haven't heard about it.
Add Comment