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Have you ever turned down a position that would ...

Posted on 11/10/10 at 11:58 am
Posted by Zach
Gizmonic Institute
Member since May 2005
116690 posts
Posted on 11/10/10 at 11:58 am
..have resulted in a significant pay increase?
If so, what was the deal breaker?
Posted by Tiger JJ
Member since Aug 2010
545 posts
Posted on 11/10/10 at 12:00 pm to
Yes. The commute.
Posted by LSURussian
Member since Feb 2005
133539 posts
Posted on 11/10/10 at 12:05 pm to
Yes. I thought the company was on shaky financial ground so I turned them down.

They declared bankruptcy about 18 months after I walked away from their offer.
Posted by Tiger JJ
Member since Aug 2010
545 posts
Posted on 11/10/10 at 12:07 pm to
quote:

Yes. I thought the company was on shaky financial ground so I turned them down.

They declared bankruptcy about 18 months after I walked away from their offer.


Depending on how backended your deal would have been, you could argue it wasn't really an increase being offered - it was an unkeepable promise of an increase.
Posted by Ric Flair
Charlotte
Member since Oct 2005
13868 posts
Posted on 11/10/10 at 12:12 pm to
I took a new job for significantly less money than my (then) current job. It was a lifestyle choice.
Posted by Monkey
Colorado
Member since Jan 2007
4172 posts
Posted on 11/10/10 at 12:34 pm to
actually twice.

I turned down more money on one job b.c it was in alpharetta, and frick, I am not living in the burbs of atlanta. Maybe in the city but not driving 45 mins so I can work in a suburban shithole. It was about 20% more than the other offer I had out of grad school. I am glad I didnt live in alpharetta but the company actually did very well.

Another time, i turned down about 15% more. I didn't want to move. I thought I could work living in denver and commutting to cali but in the end they said no.

Posted by Zach
Gizmonic Institute
Member since May 2005
116690 posts
Posted on 11/10/10 at 12:34 pm to
I turned down 2 and both for the same reason. Would have to move to a big city in the North. Don't like big cities and don't like cold weather.
Posted by LSURussian
Member since Feb 2005
133539 posts
Posted on 11/10/10 at 12:37 pm to
It was a 50% increase in salary + a piece of ownership in the company with no cash outlay.

I did due diligence on the company as if it were one of my loan customers and learned it was teetering. I knew my ownership share would be worthless soon.

I was correct. They filed for chapter 11 about 18 months later and ultimately chapter 7 about 4 months after that.

The interesting thing was when the owner asked me my reasons for declining his offer and I told him exactly why I was turning him down, he just shrugged and said 'OK.' He knew what was about to happen, too. Bringing me on was his last best hope to save his company.

I didn't want to work that hard for only a small piece of the company so I waited and started my own company. The pay increase was even nicer....
Posted by gabe311
New Orleans
Member since Jun 2010
2039 posts
Posted on 11/10/10 at 1:04 pm to
I turned down a $10K increase to go to a smaller company that paid even less than I was originally making b/c I felt I needed the experience earlier in my career. Turned out it was the right move since I wouldn't have my current job w/out experience I had.
Posted by C
Houston
Member since Dec 2007
28158 posts
Posted on 11/10/10 at 4:56 pm to
I turned down a $35K bonus when I was getting out of the military. Would have had to stay in 3 more years I think.
Posted by GumboPot
Member since Mar 2009
138911 posts
Posted on 11/10/10 at 6:41 pm to
quote:

I turned down more money on one job b.c it was in alpharetta, and frick, I am not living in the burbs of atlanta. Maybe in the city but not driving 45 mins so I can work in a suburban shithole.


Alpharetta, a shithole? You can't be serious.

I guess if you don't like large wooded lots, excellent public schools (and of course privates schools), one hour away from the Blue Ridge Mountains, great outdoor activities, then I guess it blows.

Sorry to highjack the thread. I had to ask the question.
Posted by ForeLSU
The Corner of Sanity and Madness
Member since Sep 2003
41525 posts
Posted on 11/10/10 at 6:57 pm to
quote:

..have resulted in a significant pay increase?
If so, what was the deal breaker?


yes...relocation both times. I love Chicago from May to October though...
Posted by agdoctor
Louisiana
Member since Dec 2004
3193 posts
Posted on 11/10/10 at 7:51 pm to
turned down a huge raise to return to my previous employer. I left because I hated the bastards.Wasnt enough money in the world to get me back
Posted by Tigris
Cloud Cuckoo Land
Member since Jul 2005
13068 posts
Posted on 11/10/10 at 9:29 pm to
Yeah, would have been very lucrative but the wife would have become unemployed and so my life would have become miserable.

Also, would have gone from being self employed to having a boss again. I'd rather work for myself and have a good bit of free time than be paid really well and be back in the rat race.
Posted by JonathanB
Member since Aug 2010
193 posts
Posted on 11/10/10 at 11:22 pm to
I'm an IT guy - the only competent one for a pretty big company. I wanted to finish my degree at LSU so I told them I was cutting back hours. They offered me a $28,000/year increase to stay full-time. Hopefully getting a degree in software engineering will outweigh that loss. It was tough, though. Especially being so young and having such a nice salary without a degree.
Posted by LSUDad
Still on the move
Member since May 2004
61830 posts
Posted on 11/11/10 at 8:46 am to
I had a great job with a company, took another job with a cut in pay. Payed off in the long run.
Posted by lsutigergirl88
Baton Rouge
Member since Sep 2010
1370 posts
Posted on 11/12/10 at 10:29 am to
Wow... I don't know that I could walk away from that.
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