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Started By
Message
Job offer - Am I just being stubborn?
Posted on 1/30/23 at 5:42 pm
Posted on 1/30/23 at 5:42 pm
Live in Houston. Wife(no pics) and three kids(no pics sickos). Licensed engineer and currently working for a utility company.
Day to day is very low stress. I have being treated fairly and promoted promptly when criteria was met. Enjoy my coworkers and I have plenty of time home with my family. Im in a very good routine with my life right now. Getting paid about 100k salary. My savings rate is great and we have all of our needs met plus some.
Got an offer from an engineering consultant company in town. From the start, I told them that I wasn’t looking to change and I felt satisfied where I am at. They made me 6, 14, and 22% offers and I declined each time with more and more thought. They are now offering 27% plus a signing bonus. I worked for a consultant for about three years. I was good at it, but stress about billable hours was a manageable yet constant. Time off and benefits are basically the same. There is potential for straight pay overtime.
Am I just being stubborn and passing up a huge opportunity? Or am I ok not wanting to change my comfortable life?
Ultimately, I know it’s my decision. Just want strangers opinions on the situation.
Day to day is very low stress. I have being treated fairly and promoted promptly when criteria was met. Enjoy my coworkers and I have plenty of time home with my family. Im in a very good routine with my life right now. Getting paid about 100k salary. My savings rate is great and we have all of our needs met plus some.
Got an offer from an engineering consultant company in town. From the start, I told them that I wasn’t looking to change and I felt satisfied where I am at. They made me 6, 14, and 22% offers and I declined each time with more and more thought. They are now offering 27% plus a signing bonus. I worked for a consultant for about three years. I was good at it, but stress about billable hours was a manageable yet constant. Time off and benefits are basically the same. There is potential for straight pay overtime.
Am I just being stubborn and passing up a huge opportunity? Or am I ok not wanting to change my comfortable life?
Ultimately, I know it’s my decision. Just want strangers opinions on the situation.
This post was edited on 1/30/23 at 5:45 pm
24
Posted on 1/30/23 at 5:46 pm to SaintTiger80
The market is good right now, so they can pay enough to attract talent.
When the market inevitably turns, you’ll be the first have hours cut.
Now how long that may be, or how much of an impact, who knows. Also, that might be the opportune time to make another jump.
I’d also consider ALL the benefits in the package. Often consultants get a higher salary, but the auxiliary benefits aren’t as great.
What about hours? Travel? 401K match? Paid Vacation?
When the market inevitably turns, you’ll be the first have hours cut.
Now how long that may be, or how much of an impact, who knows. Also, that might be the opportune time to make another jump.
I’d also consider ALL the benefits in the package. Often consultants get a higher salary, but the auxiliary benefits aren’t as great.
What about hours? Travel? 401K match? Paid Vacation?
Posted on 1/30/23 at 5:54 pm to LSUtigerME
quote:
What about hours? Travel? 401K match? Paid Vacation?
Definitely will be working more. Probably 45-55 hours a week. As opposed to the 40 hours currently.
Maybe some travel, but nothing extreme.
Paid time off will be slightly higher at 3 weeks as opposed to 2.5.
401k match the same
Insurance the same
Posted on 1/30/23 at 6:14 pm to SaintTiger80
Misread originally.
I personally would probably stay at current job given all info.
I personally would probably stay at current job given all info.
This post was edited on 1/30/23 at 6:15 pm
Posted on 1/30/23 at 6:16 pm to SaintTiger80
quote:
Got an offer from an engineering consultant company in town. From the start, I told them that I wasn’t looking to change and I felt satisfied where I am at. They made me 6, 14, and 22% offers and I declined each time with more and more thought. They are now offering 27% plus a signing bonus. I worked for a consultant for about three years. I was good at it, but stress about billable hours was a manageable yet constant. Time off and benefits are basically the same. There is potential for straight pay overtime.
I would say no. If you still felt the urge, open up a side hustle and start taking on projects as SaintTiger80, P.E. and get that full market rate.
You could easily bill out $175-$200/hr as being your own principal and keep the overhead that would be going to the consultant offering you work. Utility work is constant and steady, but consulting is really only great when the market is good... But when a recession is looming I wouldn't make the jump.
Also- are you currently paying into a utility pension?
This post was edited on 1/30/23 at 6:20 pm
Posted on 1/30/23 at 6:27 pm to SaintTiger80
quote:
Definitely will be working more. Probably 45-55 hours a week. As opposed to the 40 hours currently.
I’d go in and talk to them face to face about this.
With kids every 5 extra hours of work a week is a BIG step.
Most people don’t actually work 55-60 that day they do. Because a true 55 hour regular work week sucks. I don’t know many PE’s that routinely work over 40. The occasional 3-4 times a year 55 is one thing, but if you are knocking out 50 on the regular compared to 40 that’s over an extra day of work a week.
What’s the long term projection at the utility company and what’s your plans there? As in you hit 20 years or so what’s your future?
Posted on 1/30/23 at 6:28 pm to SaintTiger80
Consulting billable hours developing business is hard no for me
Posted on 1/30/23 at 6:32 pm to SaintTiger80
quote:
Probably 45-55 hours a week. As opposed to the 40 hours currently.
You are going to be working 10-28% more of the time, so it is not really a raise. You are just being offered more working hours paid at essentially the same rate. Regardless, There is a lot to be said for peace of mind that you have with your current job. Most would love to have a job that they are satisfied with and also making $100k. I almost always recommend chasing the money, but I would probably stay given everything you have suggested.
Posted on 1/30/23 at 7:09 pm to SaintTiger80
How replaceable are you at your current spot?
If it’s hard for you to make your decision and enjoy where you work, politely approach your VP or Director and communicate what is going on. If you approach it correctly, there’s a chance you may get a bump in pay to stay at your current spot and that sounds like it would make the decision for you.
If it’s hard for you to make your decision and enjoy where you work, politely approach your VP or Director and communicate what is going on. If you approach it correctly, there’s a chance you may get a bump in pay to stay at your current spot and that sounds like it would make the decision for you.
Posted on 1/30/23 at 7:18 pm to Hawgeye
quote:
If it’s hard for you to make your decision and enjoy where you work, politely approach your VP or Director and communicate what is going on. If you approach it correctly, there’s a chance you may get a bump in pay to stay at your current spot and that sounds like it would make the decision for you.
This.
As long as you’re not a complete dick about it, you may be able to have your cake and eat it too. I’d tell your company that you were approached by another firm, you’ve turned down offers of 6-22% raises, and they’re now coming back with 27% pay raise. You’d prefer to stay where you are, but they’re approaching “can’t turn it down figures”, so you’d like to know what options, if any, you have with your current employer.
Posted on 1/30/23 at 7:22 pm to SaintTiger80
I’d prefer the utility over consulting, but I industry over all. Consulting is a roller coaster, utility might as well be the gov’t, and it seems industry is the right balance between the three. Personally I’d stay with the utility with the looming ression. Projects will start to dry up very soon unless your future clients will be big govt or big oil. It may be worth while to switch positions internally for a pay increase if that’s the ultimate goal.
Good luck and think about the 3 year horizon for each option.
Good luck and think about the 3 year horizon for each option.
Posted on 1/30/23 at 7:33 pm to NYNolaguy1
quote:
are you currently paying into a utility pension?
No, they discontinued the pension in 2017. A few years before I started.
Posted on 1/30/23 at 7:42 pm to baldona
quote:
What’s the long term projection at the utility company and what’s your plans there? As in you hit 20 years or so what’s your future?
I didn’t really touch on that. But that’s another point. They promote really well from within, I have a realistic path to manager roles (30% pay bumps) in 2-4 years. Director roles (50%)in the next 8-10. Also, lots of opportunity for training and development.
This post was edited on 1/30/23 at 8:01 pm
Posted on 1/30/23 at 7:52 pm to SaintTiger80
Tough one, how solid/consistent is consulting within that industry?
Seems like you currently have a low risk gig, being utility isn't going away and you are prob essential.
If recession hits and companies cut back on outside consultants until market corrects, are you first out?
I personally wouldn't risk if you're happy. Bird in the hand is worth more than two in the bush.
Seems like you currently have a low risk gig, being utility isn't going away and you are prob essential.
If recession hits and companies cut back on outside consultants until market corrects, are you first out?
I personally wouldn't risk if you're happy. Bird in the hand is worth more than two in the bush.
Posted on 1/30/23 at 8:02 pm to SaintTiger80
I probably wouldn't leave.
Posted on 1/30/23 at 8:30 pm to b-rab2
You will never miss the extra time you have for your kids while they’re growing up.
Sounds like a lateral move money wise if you break it down by the hour.
That being said, I get the complacency and itch to sniff out the deal. Go to the current employer and have a frank but polite conversation with them. That extra 10-20% raise is a lot less than they would spend finding, replacing and training someone new.
Sounds like a lateral move money wise if you break it down by the hour.
That being said, I get the complacency and itch to sniff out the deal. Go to the current employer and have a frank but polite conversation with them. That extra 10-20% raise is a lot less than they would spend finding, replacing and training someone new.
Posted on 1/30/23 at 8:31 pm to SaintTiger80
100k with a low stress situation where you enjoy your coworkers and have good work life balance or 127k and have to bill hours?
Easy one for me.
Easy one for me.
Posted on 1/30/23 at 8:35 pm to SaintTiger80
How old are you? Young and dumb, ready to tackle the world or over 40 like me and done that, just want to coast?
All depends on advancement and the ability to make much over 20k from your current gig. If that’s a stretch to make much more in the future, that “raise” ( although working more and increased stress) won’t look that much net gain per paycheck.
All depends on advancement and the ability to make much over 20k from your current gig. If that’s a stretch to make much more in the future, that “raise” ( although working more and increased stress) won’t look that much net gain per paycheck.
Posted on 1/30/23 at 9:00 pm to SaintTiger80
quote:
Paid time off will be slightly higher at 3 weeks as opposed to 2.5.
Who the frick lives like this? I don't know any professionals with such shitty PTO. Hell I got 4 weeks vacation working retail management, plus sick and personal time that accrued weekly. Time off, commute, work environment are all on the top of my priorities. What are your priorities?
Posted on 1/30/23 at 9:21 pm to SaintTiger80
Careful with some of the htx epcs. what discipline and years of experience? I think you could get 50%+ in energy or tech.
This post was edited on 1/30/23 at 9:23 pm
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