I probably have to take this job, don’t I?

[AgualusasLover]

This is, I know a very first world problem and I am very fortunate to be in this position.

The job came via an acquaintance from a previous role - lots of people in common in the sector, they are the most senior person in the company.

I have a job:

• I love
• the people I work with are amazing and supportive
• I have been pretty successful here
• about 1,000 people
• flexible working
• very very easy commute
• learning is super important to me, this company is huge and can take me all sorts of places but my own role can grow to
• extremely comprehensive healthcare
• 10% employer contribution to pension
• subsidised meals and lots and lots of social and fun which I enjoy

New job

• 5 people
• the main person I’ve worked with indirectly before and really like them
• start up (but financially well backed) so my role will be broader than usual, but also opportunity to learn because I will be the only person doing my type of work
• just over £10k salary uplift
• bonus similar but discretionary (I don’t know what the discretion is but assume them meeting targets -+ KPIs of some sort)
• healthcare - unsure how comprehensive
• pension is statutory
• mostly office based, except Fridays and if most of the others are travelling (which will happen reasonably frequently
• commute not that different, in as much as when i get off the bus i will have to walk 15-20 mins instead of 90 seconds

My current employer know about new job. I have a very content, but sometimes tricky personal life and get a lot of validation and self worth from my job, and I am worried I might end up with a content job too.

Financially, I’ve had a difficult few months. I panicked and had a conversation that has led to this. I can manage in current job now that bonus has been paid and I’ve caught up with myself.

I just genuinely love my job. My current bosses have put forward a case to stay but also understand why I might need to go and they have said it will be a huge loss (of course I am replaceable though). They are willing to help me grow and support me in any way at all that I wish. Whilst they prob cannot give me a large pay increase to match, they intimated they could speak to our global team and make a case for me to be moved to the top of my band as I am a top performer, that is £5k.

I am just struggling to get past how much I love my job, colleagues and actually the company (sad, I know).

stay put. in exchange for the £5k pay rise. Perfect

Apologies, and feel free (obviously !) To ignore this one, but I'm guessing that your current job is "reasonably well paid" (althought I don't think that you've given even an aporoximate number for your current salary)...

Now, that's the inference that I'm taking from you "considering" turning down a £10k salary bump to change jobs.... however I can't actually seem to reconcile that with youur several posts commenting on your "lack of money ", so I'm just a little confused about your current financial situation... (and that reference to "Uni rent"?) - what am I missing/misunderstanding?

If they give you £5k increase, I would stay.

The other changes do not merit the £5k increase at other job.

Never chase the ££ unless your gut tells you it’s the right thing but from your post it definitely doesn’t seem like it is.

stay put

I didn’t suitably prepare for DS going off to uni and emotionally found it quite hard so there was:

• now rent to be paid (which I’d sort of accounted for but not as seriously as I should have)
• found adjustment hard - DC2 was having a very tough time post GCSEs and DC3 also had a number of school related issues so I took a week of parental leave unpaid
• then DC1 called a few weeks later and I worry about him anyway but when he sounded down I immediately just spent £500 on a last min train and hotel for the weekend and it turned out he’d had a cold
• then I thought it was an appropriate time to spend quite a sum on 6 weeks of personal training
• then I accidentally subscribed to something that was nearly £400 (I did get some back)

Essentially all this happened in a 4-6 week period. A combo of not prepping properly for uni and then a series of decisions that o couldn’t really afford set me back until now, when o have my bonus which brings me back to before the decisions and also gives me 3 months of rent for him plus his student loan and time to save for the last month and enough disaposable income after everything.

I also have a DH problem (complicated finances and he just isn’t involved) which means I have a content home life and I don’t know that I cope with a content home life and a content work life. This is really an entirely different thread, but essentially financially for me and the kids I can only rely on me.

That’s a lot to handle @AgualusasLover. glad you feel reassured that you’ve got a plan x

Sounds like you have a lot on OP and need job security above all else.

I've worked for 2 start-ups in a row and it is a constant rollercoaster of getting funding / will I lose my job. I enjoy it but I'm at the end of my career and no DC so can weather that aspect of it.

Stay put, money isn't everything and you've said it's been hard recently so don't try something new it may be too much. Good luck.

No, you don't. A start-up during a recession strikes me as a highly unstable work option. Stay where you're less likely to be made redundant!

I once got offered a highly paid job at Woolworths HQ. My Dad said he'd heard things and to go for the safer Company paying slightly less.

Pretty soon, I'd outstripped the W salary offer, got a pension etc. Woolworths went bust...

I’d 100 percent stay put. Decent pension is worth a lot more in the long run. After tax that 10k uplift in salary won’t be masses.

Many thanks for sharing - your comments make more sense now 💗

Stay put!!!

Do not underestimate the transition from a well established, larger organisation to a startup.

From your OP, I would bet a few pennies that you would hate it and then where would you be.

Startup land:
There may be money but incidental expenditure budgets are often rock bottom. Every penny is directed to revenue generation.
Little or no social setup. Often very long hours, working on your own.
Expect your role to be more than broad and your days to be filled with change and shifting responsibilities to meet market expectations.
Expect the VC to want their pound of flesh - that £10k increase is being offered for a reason.
Google the number of startups that fail - the number is astonishingly high.

For a £5k increase, it would be a hard no from me.

Well, I declined. They’ve asked if there is anything they can do to change my mind.

Not at this point, but you wish them well and look forward to networking in the future.

Yep, sent a nice polite message.

The new job does NOT sound appealing. A lot of uncertainty….

You say they intimated that they will give you the 5 k rise. I would not take that into account unless you have it in writing.
Difficult choice. I have always found moving jobs to be a good thing, more experience, developing new skills, meeting new people. It definitely makes a person more employable should the need arise. If the sector is one where there are currently no scarcity of posts and you could find another job if this new one does not work out then I would go to the new post. Bear in mind that quite often a past employer takes a person back in the future in a higher paid post.
Good luck

I've worked with start ups for a long time (as a contractor).

I always work on them paying really well for 18 months while they blaze through their funding, then panicking and slashing headcount to the bone when they realise they're skint, while frantically working on the next raise.

I'd be staying put, 100%.

Are you feeling ok about it OP

Money is not everything (now that you are caught up), having a job you love so it does not feel like work has far greater worth

I wouldn’t move for a start up! Too risky and stressful.

I moved from big corporate to start up then back to corporate/mid size company. My sweet spot is working for a company that is agile and operates like a start up but with a big company backing.

I had the agonising decision recently to move or not to move as my current job offered me an extra £23k base to stay + bonus which was even more than what the new job offered me (6k more) but the bonus element is meant to be more secure in the new one (well I hope it is) I can see the bonus element in my current job getting harder and harder to secure. Given I’m a high tax rate payer the extra £6k would of been an extra £2k a year.

Plus the new job provides career progression and is in big growth so I decided to just go for it even if I know that it’s a risk but I’m not particularly happy in my current job whereas you are. If I was happy I would 100% stay esp that the counter offer would of made it a no brainer to stay!

I feel that I’ve done the right thing. I don’t have any regrets.

The new one is in an industry that is loved by those in it (I’ve worked in it before, and with this actual CEO via the board). But I don’t think it’s agile or particularly exciting. I’ve also worked for start ups more than once and small companies, so a lot of the things this could give me I’ve done before. I do think, if I was not so happy or was bored I would 100% have taken it.

My current company, despite size is supremely agile and always exciting, a day can start in crisis and end in a great team dinner or burn all day and honestly, I love the unpredictability. The people I work closely with have built a small team within a team around them and I have been there from the beginning and am a real part of it. There are things I know are opportunities that I haven’t taken yet so I am just not ready to go.

That's great, a job you love is a blessed situation. Congratulations on not taking the job!

I would definitely stay put in this situation. The love of your job, job satisfaction and the fact you get on with your colleagues is so very important, far more important than the extra money you’ll get from the new job IMHO

How to say I only read the first post without saying I only read the first post.