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re: Is switching jobs a smart move right now?

Posted on 6/22/22 at 5:20 pm to
Posted by Rize
Spring Texas
Member since Sep 2011
20008 posts
Posted on 6/22/22 at 5:20 pm to
quote:

10% for a job hop kind of sucks, honestly. At least for a white collar job.


It was 13% and that’s like 3 to 4 years of base salary raises for most corporate jobs. I’m always the top 1 to 2% for a Fortune 500 company and have never received more than 4% on base salary.

She didn’t switch for the money but for the the opportunity for advancement and an opportunity to build something from the ground up her way. She also gets another 14% signing bonus paid out at start date and at 12 months. So around 27% for the first two years.
Posted by Brettesaurus Rex
Baton Rouge
Member since Dec 2009
38261 posts
Posted on 6/22/22 at 5:39 pm to
You never have more leverage than when someone is trying to pry you from an existing job.

Loyalty to a company is highly overrated, you’ll never get it back.

Only you know when the right time to jump ship is, but, ask yourself how many chances you get to have the upper hand in a situation like this.
Posted by oklahogjr
Gold Membership
Member since Jan 2010
40237 posts
Posted on 6/22/22 at 8:49 pm to
quote:

but I will be the new guy if I leave and potentially be the first to go if there are cuts.

Idk what industry but I've never laid off people based on hire date. I'm more likely to layoff the highest paid most tenured guy to save the most money and keep most of the team vs the new guy ...assuming he's not you know the most value for that price as well. I'm not throwing away a book of business either.
This post was edited on 6/22/22 at 8:51 pm
Posted by supadave3
Houston, TX
Member since Dec 2005
32510 posts
Posted on 6/22/22 at 10:19 pm to
quote:

The biggest perk is that both companies actually have an office that they go to routinely! I can't stand working from home anymore or sitting alone in my corporate HQ every day. I had to move for my sanity.


Please know that you're not alone. I also prefer the office and a major perk of my new job was the fact that we're required to come in the office on Wednesday and free too any other time. I'm the only one on my team that goes In on the other days.
Posted by KiwiHead
Auckland, NZ
Member since Jul 2014
38950 posts
Posted on 6/23/22 at 7:40 am to
Depends on the industry.
Posted by AllbyMyRelf
Virginia
Member since Nov 2014
4332 posts
Posted on 6/23/22 at 8:05 am to
Seems like you put a lot of value on stability. That’s fine. Get the offer, and then try to parlay that into a raise at your current place. Then you get stability and a raise
Posted by meansonny
ATL
Member since Sep 2012
27438 posts
Posted on 6/24/22 at 2:07 pm to
quote:

Sales is last? Sales is a complete revolving door at my company. The turnover since I started five years ago is absolutely insane. It’s the content creation/market intelligence people that are by far the safest since that’s our product really.


Poor sales people may be a revolving door. Those are casualties of quotas. Not casualties of company cutbacks.

The only time a sales department gets shut down is when the company files bankruptcy or the entire company/division gets cut (i.e. sales is the last to be cut).

If a sales rep isnt making sales, they probably dont want to be in the job anyway as they arent making any money.
That is a different discussion than executive management decisions in the midst of a recession and where to trim the fat.
Posted by MSTiger33
Member since Oct 2007
21774 posts
Posted on 7/20/22 at 1:00 pm to
Update. Received final verbal offer and should receive formal paperwork from HR should be in this week. No brainer that I take it.
Posted by TigerDeBaiter
Member since Dec 2010
10773 posts
Posted on 7/20/22 at 1:26 pm to
Depends on your fallback situation (6 months savings, etc) but, if you’re considering it - there’s probably a reason for it. Unless it’s just money only. Usually that isn’t the main factor though. So, if you’re not liking your job and feel confident you can go in and make an impact, go for it.

Companies (smart ones) want quality people in a downturn - not just the cheapest. That’s when employees can really show their value. Everyone “looks good” when the company is flush with cash and busy. When it’s time to lean back, good employees will improve a process, solve longterm issues, and implement solutions for the next business cycle.
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