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Message
re: Resignation is Official - New Agreement is Executed, but wait... - Update in OP and Page 5
Posted on 1/31/18 at 3:32 pm to LSU1018
Posted on 1/31/18 at 3:32 pm to LSU1018
quote:at this point there's no realistic number where he should consider staying, unless it comes with a guaranteed contract for some years, which obviously is not going to happen.
Obviously, I think there is a number for you to stay but that number should be much higher than the other offer. I don't know what that number is, but I'm sure you do. If they offered you 100k to stay, would you change your mind?
I definitely wouldn't trust your current employer but I feel like if you are willing to drive an hour, another opportunity could come up. It sounds like you found this job pretty quick.
Do you work more than one hour per day? TD doesn't count as working.
0
Posted on 1/31/18 at 3:50 pm to lynxcat
quote:
There are very few situations where someone should accept a counter offer. As in, almost never.
Why?
Posted on 1/31/18 at 4:39 pm to Wind
quote:
have I permanently placed a bulls eye on my back at this company?
Exactly this.
Move on.
Posted on 1/31/18 at 4:42 pm to Wind
quote:
This basically sums up my feelings and the reason I can't imagine accepting a counter.
I'd go in ready to listen, but knowing that I was leaving, no matter what. Given that, I would ask them, point blank, the questions you asked here. Especially about why they want to bend over backward to keep you after giving you a shitty PR. I'd want to know just to know.
Posted on 1/31/18 at 5:12 pm to Wind
quote:
They aren't quite *that* valuable. On the open market, health benefits would cost me about $450 a month. I will pay about $150 out of pocket for benefits at this company. The $300 savings each month comes out to about $3600 in savings per year.
401k Match
Stock discounts
Dental
Disability
Additional leave
Easily $10k. Heck, I work for a small company that has good benefits and my annual package is around $12,000 by the company.
Posted on 1/31/18 at 5:36 pm to Wind
I would also consider your career, what's better for your future and where do you want to be in 5 and 10 years? You likely get your hands dirty doing a lot more things for a small company over a big company, both can have their advantages career wise.
Given your situation, I'd probably leave for the F500.
One time to accept a counter offer would be if say a headhunter found you, made an offer, and you weren't really looking to move. You take the better offer to your boss and turn that into more pay.
I would agree though, once you start looking to move its usually best for both parties to part ways.
ETA: I would also add that a company that offers almost no benefits is not a place to stay unless they are very new. That's absurd for any decent company that needs college level employees to not offer long term.
Given your situation, I'd probably leave for the F500.
One time to accept a counter offer would be if say a headhunter found you, made an offer, and you weren't really looking to move. You take the better offer to your boss and turn that into more pay.
I would agree though, once you start looking to move its usually best for both parties to part ways.
ETA: I would also add that a company that offers almost no benefits is not a place to stay unless they are very new. That's absurd for any decent company that needs college level employees to not offer long term.
This post was edited on 1/31/18 at 5:38 pm
Posted on 1/31/18 at 5:39 pm to Wind
Thanks to everyone who joined in the thread. Got a lot of confirmation of what I was already thinking.
I will listen to the counter and try to remember to update this thread with what they offered.
But my mind was 95% on the F500 before this thread and 99.99% now.
I will listen to the counter and try to remember to update this thread with what they offered.
But my mind was 95% on the F500 before this thread and 99.99% now.
Posted on 1/31/18 at 5:47 pm to Wind
I would leave unless they do something crszy and throw the moon st you but even then the other job sounds like a better opportunity
Posted on 1/31/18 at 5:57 pm to Wind
Be professional and hear them out.
They likely won’t be able to match the total compensation package anyway, so it’ll give you and easy out. That should pretty much end it.
But, even if they do come close, it sounds like you were working for some immature/unsophisticated people - time to move on.
I would advise moving closer to the new place. Can’t imagine spending 25% of my “free time” in a car 5 days a week. And that’s if you only plan to work 8 hours a day and sleep 7 (hour for lunch). Good luck with advancing your career if you’re the first one out the door at 5:00. Just my two cents.
Congrats in the raise and opportunity you were offered.
They likely won’t be able to match the total compensation package anyway, so it’ll give you and easy out. That should pretty much end it.
But, even if they do come close, it sounds like you were working for some immature/unsophisticated people - time to move on.
I would advise moving closer to the new place. Can’t imagine spending 25% of my “free time” in a car 5 days a week. And that’s if you only plan to work 8 hours a day and sleep 7 (hour for lunch). Good luck with advancing your career if you’re the first one out the door at 5:00. Just my two cents.
Congrats in the raise and opportunity you were offered.
Posted on 1/31/18 at 6:07 pm to baldona
quote:definitely not.
One time to accept a counter offer would be if say a headhunter found you, made an offer, and you weren't really looking to move.
In most cases, it's I'll advised to ask for a counter. And in case you do, it better be in a situation where you're 100% ready to leave if they tell you to kick rocks
Posted on 1/31/18 at 8:51 pm to Wind
You gotta go. Getting a F500 on your resume is the golden ticket. Once you’re in that club it’s a lot easier to move around. Also: you’re here to make money; the only way to do that in a small company is with equity. Doesn’t seem like they’re keen on doing that any time soon.
This post was edited on 1/31/18 at 8:52 pm
Posted on 1/31/18 at 8:57 pm to Wind
Do not underestimate the value of insurance(s), 401k, bonuses and other corporate benefits. I retired at 61.
If you're also getting a pay bump it's a no-brainer.
If you're also getting a pay bump it's a no-brainer.
Posted on 1/31/18 at 9:34 pm to Wind
Commute for a bit then look at moving closer. I left a job that was 70 min each way and am now 15 minutes from office, it’s worth it to get closer.
I did the long commute for 3 years.
I did the long commute for 3 years.
Posted on 1/31/18 at 10:17 pm to Wind
Thanks for the timely thread and feedback. I’m in process of leaving my employer, expecting 2 offers by end of week, some negotiation, background check and probably give notice about 2/16.
I’m tempted to tell them to frick off on counter offer but know that isn’t the way to leave amicably. At my firm it will take considerable effort for Partner to secure approvals for any pay increase, so I feel bad about making them go through that trouble when they can’t convince me to stay.
Glad I read some level headed responses and someone saying they regretted on both occasions accepting counter offer.
I’m tempted to tell them to frick off on counter offer but know that isn’t the way to leave amicably. At my firm it will take considerable effort for Partner to secure approvals for any pay increase, so I feel bad about making them go through that trouble when they can’t convince me to stay.
Glad I read some level headed responses and someone saying they regretted on both occasions accepting counter offer.
Posted on 1/31/18 at 11:33 pm to Wind
Some good advice here in this thread.
I would ask the OP a couple of questions.
1) Was this your first real job?
2) How big is the current company?
If it's a small company, moving from that to a F500 company is going to be a pretty big culture shock. Yes there is more money and more benefits, but also likely more work and more pressure. I'm sure it's nothing you can't handle, and you may even thrive, but it's something I would consider.
Did you consider/interview for any other companies?
Sounds like your direct boss realized when he said what he said at your PR, that you would probably exit. It makes me wonder if maybe he was given an order from above - i.e. to keep salaries down / not have to give a raise. If you are in a hot field, it's pretty common to get a raise when you jump companies.
I've only had one situation where a counter was offered. I was at a nice firm, but I wanted to work somewhere bigger with more complex clients. When I told our managing partner I was leaving, he offered to match whatever the offer at the new firm was. But, it wasn't about money to me at that point, and I told him as such. Years later, he is still a great reference and professional mentor for me.
I would ask the OP a couple of questions.
1) Was this your first real job?
2) How big is the current company?
If it's a small company, moving from that to a F500 company is going to be a pretty big culture shock. Yes there is more money and more benefits, but also likely more work and more pressure. I'm sure it's nothing you can't handle, and you may even thrive, but it's something I would consider.
Did you consider/interview for any other companies?
Sounds like your direct boss realized when he said what he said at your PR, that you would probably exit. It makes me wonder if maybe he was given an order from above - i.e. to keep salaries down / not have to give a raise. If you are in a hot field, it's pretty common to get a raise when you jump companies.
I've only had one situation where a counter was offered. I was at a nice firm, but I wanted to work somewhere bigger with more complex clients. When I told our managing partner I was leaving, he offered to match whatever the offer at the new firm was. But, it wasn't about money to me at that point, and I told him as such. Years later, he is still a great reference and professional mentor for me.
Posted on 2/1/18 at 6:59 am to Wind
My only piece of advice is that I feel like any raise they give you now they’re going to leverage against you on future raises. Next year at your review if you were to stay, “well, we have a huge raise last year, so you don’t get one this year”. That line of thinking is something to consider.
Posted on 2/1/18 at 7:58 am to LSUFanHouston
quote:
1) Was this your first real job?
2) How big is the current company?
1.)
Technically yes, but my Resume and my communication skills make it appear that I have about a decade of experience in multiple leadership roles. So if you're an employer asking the question, no.
2.)
The current company is tremendously small. A team of 5 working in the United States. A team of 10 working off-shore. All off-shore employees are my direct reports.
I'm not too worried about the "culture shock". I have an idea of what to expect at the F500 and am excited to be in that environment from where I am now.
quote:
Sounds like your direct boss realized when he said what he said at your PR, that you would probably exit. It makes me wonder if maybe he was given an order from above - i.e. to keep salaries down / not have to give a raise. If you are in a hot field, it's pretty common to get a raise when you jump companies.
I think this is almost exactly what happened. Had my boss simply said this to me, I probably wouldn't have even started looking. But he decided to blast me in my PR instead, which made me look for another opportunity and...here we are.
quote:
. But, it wasn't about money to me at that point, and I told him as such. Years later, he is still a great reference and professional mentor for me.
I hope I can pull this off with my current boss. Besides the latest PR, we had a great relationship and I like the guy.
This post was edited on 2/1/18 at 8:15 am
Posted on 2/1/18 at 8:00 am to southernelite
quote:
My only piece of advice is that I feel like any raise they give you now they’re going to leverage against you on future raises. Next year at your review if you were to stay, “well, we have a huge raise last year, so you don’t get one this year”. That line of thinking is something to consider.
Agree 10000%. It should have never gotten to this point. Every-time I want a raise or a promotion, I'm going to have to put a counter offer on their desk? No thanks.
Posted on 2/1/18 at 9:11 am to Wind
I have only seen 1 situation in my entire career when a counter kept an employee long term. Usually, what I see is the counter keeps the employee happy short term, but the same problems that the employee had before the counter still exist and eventually cause them to leave again.
In short, money is only part of the equation for work happiness.
In short, money is only part of the equation for work happiness.
Posted on 2/1/18 at 9:21 am to Wind
quote:
Agree 10000%. It should have never gotten to this point. Every-time I want a raise or a promotion, I'm going to have to put a counter offer on their desk? No thanks.
To play devil's advocate, many bosses really have no idea what their employees are worth until their employees 1.) bring in a counter from someone else or 2.) leave and hire someone new that could be much better or worse.
There are a ton of people who are managed by someone that is not in their field and frankly may not have any idea what the going rate. Who actually does know unless you are shopping around? You can only trust friends/ colleagues so much on what their salary is as many people inflate them.
Whether or not your boss/ employer holds the raise over your head is completely based on their own personality. If I have someone great working for me and they seem happy, why continue to up their pay if I don't have to? Especially if they are making what I consider a fair wage? Now if I really like them and want them to stay on, I'd easily counter if I knew they were looking to leave. That can have absolutely nothing to do with holding a grudge against them.
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