Take new job offer or stay at old job with counter offer

Wilson02

Wilson02

Wilson02

Associate
Joined
25 Jul 2022
Posts
1
Location
Leeds
Hello,

Really need some impartial advice please.

I've been with my current company for 4.5 years. Started when my son was 6 months old and since then have also separated from my sons dad and now have a mortgage on my own as well as child care costs. The company is very small, only 13 employees in total.

Recently I decided to start looking for a new job because of a number of reasons, some personal and some professional.

The new job is for a global company and is 5k more than my current salary but the old job has now offered me a % share in the business.

I'm scared that if I turn this down and end up hating my new job then I will regret not taking this offer. Equally I'm also scared that if I take this offer I may continue to feel unhappy. What would you all do?

Do I stay for the money and security? Or do I take a risk and leave and hope that I will be happy at the new place?

Any advice very welcome.
 
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Why are you unhappy where you are? Sounds like it may be more than just the pay in which case you'll still be unhappy maybe just slightly better off.

Saying that generally I'd never stay once I'd made my intention to leave clear as people tend to take it personally on some level and get a bit weird.
 
If you have contributed so much to the company that they are willing to offer you a share, why has it taken you saying you are going to leave to be offered the share rather than having been proactively offered in the first place?

Never a fan of being offered things not to leave as it stinks of having been taken advantage of. You should be fairly rewarded for what you do proactively.
 
Wizzkidy said:
You leave because you have been looing for a number of reasons.
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This TBH. Most people leave jobs for reasons other than money. OP needs to think about why they’re looking elsewhere. Is it PURELY financial? Chances are it’s not. Some people couldn’t continue to work at a job for a million pounds a year if it makes them miserable.
 
If your reasons for looking for alternative employment stem from unhappiness, a dislike for the culture, boredom or lack of progression then a counter from your current employer that doesn't directly address some or all of these will bandaid you leaving at best for 6 - 12 months.

What financial significance or impact will the % of equity mean to you? Do you get a seat at the table or simply a profit share/dividend? If this is linked to company performance, how is the business doing currently?

If it's a small business you may find next year profits are dented by the increases in utilities, so I would not factor any potential windfall on last years profits but rather this years forecast. And if you don't have access to it you need to see it before you can make a decision.
 
BennyC said:
If your reasons for looking for alternative employment stem from unhappiness, a dislike for the culture, boredom or lack of progression then a counter from your current employer that doesn't directly address some or all of these will bandaid you leaving at best for 6 - 12 months.

What financial significance or impact will the % of equity mean to you? Do you get a seat at the table or simply a profit share/dividend? If this is linked to company performance, how is the business doing currently?

If it's a small business you may find next year profits are dented by the increases in utilities, so I would not factor any potential windfall on last years profits but rather this years forecast. And if you don't have access to it you need to see it before you can make a decision.
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Accurate. You need to consider if money is the ONLY reason to look elsewhere. It rarely is and accepting a counter offer is, as my learned forum member here has said, is really just a sticking plaster. Most companies will also use the counter offer to deny the usual annual raise as well.
 
You leave.

They refused to acknowledge and benefit you, so you accepted to move and found a better role.
Now they want to counter offer with things to keep you, they should have done that in the first place to treat you correctly.
Leave them and they'll maybe not learn a lesson.
 
Depends how much the equity is worth, conditions attached (presumbly it will be vested and it's like if you leave within X time period you get nothing/less) and whether you think the company has a good future.
The "security" you describe from staying at a small company with 13 employees might not be as great as you think - you might be harder to replace, but potentially the company may be more at risk of undergoing significant change (e.g. being sold, wound up etc).
 
I heard at one stage that if someone is unhappy in their job but stay because they were offered a raise only last, on average, another six months before they leave anyway.
 
I always think once you have decided to go, go. I have been in this situation before and never regretted going. I have had a number of grads in my current place leave recently and they are all much happier in their new jobs too.
One piece of advice, no matter how much you dislike your current job or the people there or the culture, rise above it and leave on good terms, give positive constructive reasons for leaving like career progression etc rather than slagging off the current place or people, you never know who you will come across again in the future or if they will leave a door open for your return if you regret your decision down the line.


... just realised how old this thread is :rolleyes:
 
HangTime said:
It gets discussed in these threads and I know I'm not alone in finding the subject matter interesting so we just continue anyway. I've commented in the past ( https://forums.overclockers.co.uk/threads/20-years-a-stroll-down-memory-lane.18933955/post-34993271 ) that I would quite happily converse on an internet forum with a troll or bot, they often write better stuff than 'genuine' people.
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It's all a load of made up rubbish, your theory makes no sense, I'm all up for helping genuine people
 
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