Offered new job dilema

Soldato
Joined
5 Jul 2007
Posts
5,497
Location
London
I've been at my current work for 2.5years now, across that time i've had a salary increase of 25%, of which the most recent 10% increase has come this month. They've obviously treated me well, and recognised my input and development. Interestingly I asked for the latest pay increase 6 months ago and have only just been given it, as my current manager has handed her notice in...

Further to this I had a call from a recruiter a while ago to interview for a job with another bank doing the same thing I'm currently doing. I was interested in how they operate and so went along and had the interview, for which I was eventually offered the job.

However, the offer they made was initially 2.5k below my new salary, so I asked for more to which they've now met my current salary. However, higher pension contribution will mean take home is still less than current. The only kicker is that the new offer will include a bonus of 10-20%, however I'm unlikely to get it in year one given a 3 month notice period means I wouldn't be joining until November.

So I'm in a bit of a conundrum. Do I upset the apple cart and move jobs which is in itself a risk, for what seems like at the moment limited reward, or do I stay put, where I potentially have openings since my manager is now leaving?

The only other considerations are that a lot of other talented staff have left my current workplace so moving forward things are going to be more difficult to progress given the more limited resource, and the organisation appears to be stagnating somewhat in general. The new place is a rapidly growing business with good ambitions and so I would imagine it may be a more interesting environment to be in. Other aspects, my current work life balance is excellent, and can work from home up to 4 days a week, new job would be 2 at a push. All in quite a difficult decision to ground out.
 
Soldato
OP
Joined
5 Jul 2007
Posts
5,497
Location
London
Interesting views all round, I think you are all right in that it depends on what I want. The only thing that edges me closer to the new job is working with better people. I currently don't actually learn that much or am not pushed a huge amount in my current job so its easy to float along to a certain degree. I do slightly miss being pushed harder, challenged and working with great people.

Commute wise, they're both City of London so no difference, I cycle most of the time so it doesn't bother me too much.

One other thing I am considering is just telling my current work to see what/if they do anything in terms of a counter offer? May be hard given that they've just pushed through a pay rise, but then they definitely won't be happy to lose me and my current manager.
 
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