Have I made the right decision?

ObSene

ObSene

ObSene

Associate
Joined
6 Sep 2015
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57
I work for a large global company as a technology SME. Recently I was approached by a smaller and less know company to apply my trade there. They offered me a considerable package with what I think is above the market rate...great you might think?

I love the technology I work with but at the grand old age of 38, I need to still focus on where my career is heading. The problem I have with the position offered at the new company is, that if they don’t offer any form of career progression, I’ll be stuck there priced out of the market.

My current employer counter offered and while they can’t match the salary package (but not far off once travel cost are incorporated), they offered me a promotion in to IT management (exact role is still undetermined) which could in the future open many doors. Even if the new company offered career progression, it might take a few more years to get the promotion I’ve be offered at my currently employer, so am I mad making the decision to stay put and turn down the generous package offered at new company?

It's a bit of a leap a faith but after 9 years employment with them, there's a level of trust.
 
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I'd take the money tbh... then I'd think about exit plans to another role in a few years time if there is no career progression in sight for you at the new firm. If you're being offered a potential IT management position now then why not also after some years at the other firm. Study in your spare time for something relevant - project management quals, an MBA, whatever... you don't need to stick with the current firm or the new one but if they're offering you a substantial rise and you're ambitious then I'd use that - you could perhaps use that high salary to negotiate a better package for your next move too and if targeting a different role for that move then being 'above market' doesn't matter.
 
I've had the same, I've just called time on working for one of the largest carriers in the U.K. to go work for a far smaller one for a miles better package, even though there might not be the same oppertunities for progression.

I'm 40 by the way, I've come to the conclusion that you just need to grab what you can when you have the chance, sitting around treading water for what might be is just a waste of your potential.
 
Disagree with some the above about moving. If the counter package 'isn't that far off', and you would like to stay for the career progression, it sounds like you'd be mad to move.

Of course it depends exactly how different the salaries really are. It also sounds like you're travelling more with the current company. Are you ok with that?
 
With the additional commuting and childcare costs, there's not much difference in the actual take home pay.

In my current employers defense, I've never felt under valued and in the last 9 years. I've had promotions, nearly doubled my salary, had excellent bonuses and have complete flexibility on working from home. But with my divisions management all be based in the US, there's never been a management position of this level in the UK (this is unique to my division), so when I said I had another job offer, they have set about creating a new management role for me based in the UK for which I've been reassured will have substance to it with additional responsibilities or direct reports.
 
Looking at what you are saying, your current employees are trying to keep you and are doing what they can to do so. I would prefer to stay somewhere that would be trying to keep me than jumping into the unknown where the only difference is that there is a lack of potential promotion and only a slight pay rise.
 
Yep sounds like you'd be better off staying put.

If your current employer wasn't interested in trying to keep you, i'm sure they'd be more than happy to open the door for you on your way out. But looks like they're trying to do things to stay on the table.

They might not be able to offer the same compatible salary because it might already be over the typical market rate. The smaller company are obviously going over this to try and hook some experienced individuals in.
 
I'd be even more inclined to move, they've not even got a role but are making one up, to be promised in future in an attempt to keep you... money talks - if they want you that much then why can't they even match your offer?
 
Assuming you enjoy your current work and company then I'd stay and get the experience / progression. It will pay off in the long term.

Having said that I'd jump at the chance right now to work at a smaller company. Mind you I'm quite a bit older and have a lot of experience and progression already under my belt.
 
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