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Started By
Message
Job offer opinion
Posted on 9/13/22 at 10:41 am
Posted on 9/13/22 at 10:41 am
What does the MT board say?
New gig:
- 30% raise in base pay
- More certainty and potential in bonus
- No direct management of people, to start anyway
- All WFH (head office is outside region)
- Standard and fair PTO and other benefits
- larger operation
(List is shorter since some unknowns of course)
Current gig:
- 15 years of tenure
- Great team under me, and promise of advancement although that “30%” won’t happen anytime soon even with a promotion.
- Salary hasn’t budged much in 5 years, in lieu of commission plan which is unpredictable. That policy isn’t likely to change and our reputation isn’t of the “best paying.”
- Ceiling is limited at a small private company but I’m close with the owner.
- Owner will likely retire within 5 years or so, and future is somewhat uncertain.
- Truly Flexible WFH or office, and PTO is basically unlimited as long as not abused.
- Boss is great and laid back.
I’d like to retire in around 15 years. Thoughts? Should I bring this up to current boss?
New gig:
- 30% raise in base pay
- More certainty and potential in bonus
- No direct management of people, to start anyway
- All WFH (head office is outside region)
- Standard and fair PTO and other benefits
- larger operation
(List is shorter since some unknowns of course)
Current gig:
- 15 years of tenure
- Great team under me, and promise of advancement although that “30%” won’t happen anytime soon even with a promotion.
- Salary hasn’t budged much in 5 years, in lieu of commission plan which is unpredictable. That policy isn’t likely to change and our reputation isn’t of the “best paying.”
- Ceiling is limited at a small private company but I’m close with the owner.
- Owner will likely retire within 5 years or so, and future is somewhat uncertain.
- Truly Flexible WFH or office, and PTO is basically unlimited as long as not abused.
- Boss is great and laid back.
I’d like to retire in around 15 years. Thoughts? Should I bring this up to current boss?
18
Posted on 9/13/22 at 10:42 am to TejasHorn
Does owner have kids that are going to take over?
If not, buy the damn company.
If not, buy the damn company.
Posted on 9/13/22 at 10:43 am to KillTheGophers
Yes but none of them want the company,
Posted on 9/13/22 at 10:45 am to TejasHorn
30% more is awesome. I’d do it after discussing it with current boss, hoping they’ll match.
Otherwise, congrats!
Otherwise, congrats!
Posted on 9/13/22 at 10:55 am to TejasHorn
I don't see the debate here. Option 1
Posted on 9/13/22 at 11:03 am to Mingo Was His NameO
either buy the company, or start asking for ownership and a plan to buy him out or go with #1
Posted on 9/13/22 at 11:14 am to TejasHorn
What's work life balance where you are, and what is the expected work life balance at new gig.
Have you had any succession plan discussions with current boss? Future uncertainty would have me leaning to new gig alone, but work-life balance could be a major determent
Have you had any succession plan discussions with current boss? Future uncertainty would have me leaning to new gig alone, but work-life balance could be a major determent
Posted on 9/13/22 at 11:14 am to TejasHorn
What's your current salary? If already really good I'd probably just stay at your point in your career but if the 30% is a sizable amount for your budget I'd hit the road and not look back
You should at least try to get them to match though if you want to leave though. Maybe you'll get something good enough to stay
You should at least try to get them to match though if you want to leave though. Maybe you'll get something good enough to stay
This post was edited on 9/13/22 at 11:16 am
Posted on 9/13/22 at 11:20 am to TejasHorn
(no message)
This post was edited on 10/26/22 at 9:20 am
Posted on 9/13/22 at 11:26 am to Pelican fan99
Current salary isn’t “really good” by industry standards. The new gig would be more in line for my title and role. Speaking of base salary here.
We do really well on commission in good times but there are definite “valley years.”
I’m in the minority in actually preferring office over WFH. Work life balance is tough as a manager and managing dozens of clients too. Not really an exemplary work-life balance kind of role - either option.
We do really well on commission in good times but there are definite “valley years.”
I’m in the minority in actually preferring office over WFH. Work life balance is tough as a manager and managing dozens of clients too. Not really an exemplary work-life balance kind of role - either option.
Posted on 9/13/22 at 1:16 pm to TejasHorn
Don’t do it
Get on disability and food stamps
Live like a king instead of like one of us slaves
Get on disability and food stamps
Live like a king instead of like one of us slaves
Posted on 9/13/22 at 1:58 pm to el Gaucho
Take the 30% off the table and make a pro con list. I took a new job last year making 30% plus more. Went back to my old job after two months. Money isn’t everything.
Most importantly, what is your industry and how will be affected by the upcoming recession?
Most importantly, what is your industry and how will be affected by the upcoming recession?
Posted on 9/13/22 at 2:26 pm to TejasHorn
So same job but you get a 30% raise and job security? Sounds like a win-win. Also is it possible to bring some of your team with you?
Posted on 9/13/22 at 2:39 pm to TejasHorn
It sounds like your current job is very secure. What's the job security situation at the potential job?
What's the field? Is the current business likely to withstand the coming economic shitstorm? What about the company offering the new job?
If the business is solid, then I agree with the folks saying to talk to the boss about getting some equity in the company so you can transition into ownership as he starts stepping away.
What's the field? Is the current business likely to withstand the coming economic shitstorm? What about the company offering the new job?
If the business is solid, then I agree with the folks saying to talk to the boss about getting some equity in the company so you can transition into ownership as he starts stepping away.
Posted on 9/13/22 at 3:10 pm to TejasHorn
quote:
Yes but none of them want the company,
Then sit down with him and make formal plans for you to buy the company from him.
Owning he company gives you a much better opportunity at long term financial independence and generational wealth.
A 30% pay increase is for slaves looking for a better master.
Posted on 9/13/22 at 3:49 pm to KillTheGophers
What he said
Posted on 9/13/22 at 4:20 pm to TejasHorn
quote:
Salary hasn’t budged much in 5 years
I’d have bailed 2 years ago.
Posted on 9/13/22 at 4:44 pm to TejasHorn
quote:
promise of advancement
You are a sucker if you even take this into consideration. A promise? Really?Posted on 9/13/22 at 9:10 pm to TejasHorn
I really don’t even see how this is a question.
Would you take a 30% pay cut to work from the office and have a salary that won’t move for 5 years? Especially with a limited ceiling at a small company?
This question has a very obvious answer. You’re either withholding some very important information, or simply afraid of the unknowns of the new job. 15 years, particularly with only one company (have you changed before?), can be difficult to let go of. Take the better opportunity and enjoy your career.
Would you take a 30% pay cut to work from the office and have a salary that won’t move for 5 years? Especially with a limited ceiling at a small company?
This question has a very obvious answer. You’re either withholding some very important information, or simply afraid of the unknowns of the new job. 15 years, particularly with only one company (have you changed before?), can be difficult to let go of. Take the better opportunity and enjoy your career.
Posted on 9/13/22 at 9:12 pm to TejasHorn
quote:
All WFH (head office is outside region)
In risk they change their mind and get confused when they call you back to office
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