Thoughts on job move
Discussion
Hi Guys,
Looking for some advice on what you would do in this situation.
I currently have a great job with good people and the workload allows for a good work life balance.
I was contacted by a recruiter and after speaking with a company I have been offered a role with a far greater salary and benefit package. Circa £10k more a year.
I am weighing this up and struggling to reach a decision. There are a few events like buying a new house and getting married that would benefit massively from the additional income but my current job gives that work life balance which the new one might not.
It is the same job field that I would be moving in so no change in that regard. Just in salary and responsibilities.
So would you guys move for £10k more?
Looking for some advice on what you would do in this situation.
I currently have a great job with good people and the workload allows for a good work life balance.
I was contacted by a recruiter and after speaking with a company I have been offered a role with a far greater salary and benefit package. Circa £10k more a year.
I am weighing this up and struggling to reach a decision. There are a few events like buying a new house and getting married that would benefit massively from the additional income but my current job gives that work life balance which the new one might not.
It is the same job field that I would be moving in so no change in that regard. Just in salary and responsibilities.
So would you guys move for £10k more?
10k doesn't give enough info as tax brackets, etc. Consider what 10k is after tax as a monthly change in income.
Depends on the future of the company, stability, any issues, their market, future salary potential. Also price in uncertainty.
Like for like, I would personally be wanting 25% more but then my market is crazy right now (tech/IT)
You could approach your employer and rather than say "match this", approach it in terms of "Hey I've been approached about a new role (I didn't apply) and they are talking about this kind of salary - I like it here but is there anything you could do to close the gap?"
It costs a lot to hire recruitment consultants so they will have in mind the cost to replace you.
Depends on the future of the company, stability, any issues, their market, future salary potential. Also price in uncertainty.
Like for like, I would personally be wanting 25% more but then my market is crazy right now (tech/IT)
You could approach your employer and rather than say "match this", approach it in terms of "Hey I've been approached about a new role (I didn't apply) and they are talking about this kind of salary - I like it here but is there anything you could do to close the gap?"
It costs a lot to hire recruitment consultants so they will have in mind the cost to replace you.
boombang said:
Not a chance would I move for £10k.
I'd move for better job, better career prospects, better company, if it better fitted with my personal life.
I wouldn't move for money.
Depends if we're talking £20-30k or £80-90k, but generally I agree with you - if the last 2 years have taught us anything it's that enjoying your time at work and having a healthy work/life balance is massively important.I'd move for better job, better career prospects, better company, if it better fitted with my personal life.
I wouldn't move for money.
We're all different but if you have a good work life balance, can afford to live on your current salary and have a great job then you're taking a massive risk for a bit more money. Having done similar for a 19% pay rise, I wish I'd stayed put. It may depend on your age but for me, an easier less stressed life is way more important than money. I was lucky that I managed to get out of a much more responsible role to a more relaxed one and I'm on more money but I'd wager that I'm an exception and luck played its part.
Another example is my best mate. He left a company he loved working for who valued him for a £12k rise and more responsibility. He now works 50 hour + weeks (while getting paid for 37) and is so stressed he's desperate to get out.
Another example is my best mate. He left a company he loved working for who valued him for a £12k rise and more responsibility. He now works 50 hour + weeks (while getting paid for 37) and is so stressed he's desperate to get out.
Donbarto5 said:
Thanks guys for the input and advice.
To add some further information it’s going from £40k to 50k.
We have a dream house on the horizon and this job would move it from borderline possible to comfortably.
25 percent- time to find out more about the new job and whether it is indeed going to negatively affect your work / life balance. To add some further information it’s going from £40k to 50k.
We have a dream house on the horizon and this job would move it from borderline possible to comfortably.
QuartzDad said:
A move from 40k to 50k makes a move to 65k+ much more feasible in a couple of years.
That 50 to 65K jump if it happens will be at 40% taxAnd if you have any other income that will also be taxed at 40% with the new job.
I would be asking for a raise from your current employer to close the gap as was said above.
Donbarto5 said:
Thanks guys for the input and advice.
To add some further information it’s going from £40k to 50k.
We have a dream house on the horizon and this job would move it from borderline possible to comfortably.
2572 take home nowTo add some further information it’s going from £40k to 50k.
We have a dream house on the horizon and this job would move it from borderline possible to comfortably.
Goes to
3159 take home.
597 difference.
That's an extra £100k on a mortgage
In your circumstances would I do it? Yes.
Really appreciate the input guys.
Current employer can’t offer a raise due to the way they are funded.
I think almost certainly the work life balance will be affected to how much I guess you never really know until you are in the door.
A lot to think about but some really good points made in this thread and genuinely really appreciate all the input
Current employer can’t offer a raise due to the way they are funded.
I think almost certainly the work life balance will be affected to how much I guess you never really know until you are in the door.
A lot to think about but some really good points made in this thread and genuinely really appreciate all the input
Donbarto5 said:
Really appreciate the input guys.
Current employer can’t offer a raise due to the way they are funded.
I think almost certainly the work life balance will be affected to how much I guess you never really know until you are in the door.
A lot to think about but some really good points made in this thread and genuinely really appreciate all the input
It's ok to ask the prospective new employer what their expectations are for you in terms of working hours / flexibility. You shouldn't have to guess what the new role will involve. People including employers are starting to acknowledge work life balance in a way that they didn't before. Current employer can’t offer a raise due to the way they are funded.
I think almost certainly the work life balance will be affected to how much I guess you never really know until you are in the door.
A lot to think about but some really good points made in this thread and genuinely really appreciate all the input
It's also ok to tell them what you can offer and what your limits are. you are in the driving seat- you are currently employed where your role is not in danger, and its a shot to nothing.
It's a difficult question to answer as everybody is different and the answer also depends on your area of work so I won't bore you with some crappy anecdote which may not be relevant but I would suggest that you keep your finger on the pulse of your area of work, where it may be going, the likelihood of future changes. A 25% pay rise does sound nice if you think you can handle the new role whatever it is.
Along with this you also are considering the future direction of your life/lifestyle (house etc) so that's a good thing. So things such as what you want in five* years or so does play into your decision.
Along with this you also are considering the future direction of your life/lifestyle (house etc) so that's a good thing. So things such as what you want in five* years or so does play into your decision.
- This is not the crummy "Where do you see yourself in 5 years?" interview question but more about your whole life and goals.
If you've never moved from a job you enjoy, with people you like, to one paying a little bit more...and then regretted it, I'm sure you'll be off.
Equally you might really love it and the people.
However, some of us I suspect have done so in the past and regretted it, I know I have.
It's hard for anyone to say, however if you've never been bitten, I suspect once the nagging sets in, all you can do is go and try it.
Hopefully all will be well, if not, well you'll join the club and I suspect find something you're happy with and stick there
Equally you might really love it and the people.
However, some of us I suspect have done so in the past and regretted it, I know I have.
It's hard for anyone to say, however if you've never been bitten, I suspect once the nagging sets in, all you can do is go and try it.
Hopefully all will be well, if not, well you'll join the club and I suspect find something you're happy with and stick there
Donbarto5 said:
Hi Guys,
Looking for some advice on what you would do in this situation.
I currently have a great job with good people and the workload allows for a good work life balance.
I was contacted by a recruiter and after speaking with a company I have been offered a role with a far greater salary and benefit package. Circa £10k more a year.
I am weighing this up and struggling to reach a decision. There are a few events like buying a new house and getting married that would benefit massively from the additional income but my current job gives that work life balance which the new one might not.
It is the same job field that I would be moving in so no change in that regard. Just in salary and responsibilities.
So would you guys move for £10k more?
How much are you on now, and what level of work is it? What is new company progression?Looking for some advice on what you would do in this situation.
I currently have a great job with good people and the workload allows for a good work life balance.
I was contacted by a recruiter and after speaking with a company I have been offered a role with a far greater salary and benefit package. Circa £10k more a year.
I am weighing this up and struggling to reach a decision. There are a few events like buying a new house and getting married that would benefit massively from the additional income but my current job gives that work life balance which the new one might not.
It is the same job field that I would be moving in so no change in that regard. Just in salary and responsibilities.
So would you guys move for £10k more?
If it's £60k to £70k, thanks but no thanks, not worth it, £20k to £30k may be more worth while...
Something is to be said for a company you enjoy working at, and the protection that gives you.
Look at it a different way, if you moved and hated it, could you then afford to go back down in salary? and is the dream house worth being miserable all the time?
I would be doing a bit of research into the new company, and trying to find out things like staff turnover, and if your able to speak to people who work there, to find out what they are really like to work for.
I would be doing a bit of research into the new company, and trying to find out things like staff turnover, and if your able to speak to people who work there, to find out what they are really like to work for.
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