Making a career decision ...
Discussion
So i have been unhappy in my job for a while and want to go back to Supply Chain, this position is for a senior Supply Chain manager
Currently interviewing for a new role as a new company, still a large MNC.
Problem is, i am overpaid in my current role, i know this because upon my return from Germany they had to bump my salary (not to what i was earning but still significantly more than when i left), this salary puts me into the bracket two "levels" above my current.
New employer is offering me circa 5% more money with a slightly higher bonus 15% vs 11%, but i would be leaving a final salary pension for a standard 4% + 6%.
My commute would increase from 15 minutes to 1 hour, but i would request 1 day a week from home.
The role is a step up, in that it is a senior position and graded as "executive" in the business, but i need to clarify how that equates to my current role.
All in all, its a longer commute, a little extra money / bonus (negated by the increase in commuting costs), with a pension that isn't as good, but the development potential and career growth is better.
I'm not happy with where i am, if i left then it opens up the doors for the future because I'd no longer be tied into my DB pension, i feel i need to change but i am worried, I've been at my current employer since i was 18 (30 now) and its just so easy ...
Currently interviewing for a new role as a new company, still a large MNC.
Problem is, i am overpaid in my current role, i know this because upon my return from Germany they had to bump my salary (not to what i was earning but still significantly more than when i left), this salary puts me into the bracket two "levels" above my current.
New employer is offering me circa 5% more money with a slightly higher bonus 15% vs 11%, but i would be leaving a final salary pension for a standard 4% + 6%.
My commute would increase from 15 minutes to 1 hour, but i would request 1 day a week from home.
The role is a step up, in that it is a senior position and graded as "executive" in the business, but i need to clarify how that equates to my current role.
All in all, its a longer commute, a little extra money / bonus (negated by the increase in commuting costs), with a pension that isn't as good, but the development potential and career growth is better.
I'm not happy with where i am, if i left then it opens up the doors for the future because I'd no longer be tied into my DB pension, i feel i need to change but i am worried, I've been at my current employer since i was 18 (30 now) and its just so easy ...
Lord.Vader said:
but the development potential and career growth is better.
I'm not happy with where i am, if i left then it opens up the doors for the future because I'd no longer be tied into my DB pension, i feel i need to change but i am worried, I've been at my current employer since i was 18 (30 now) and its just so easy ...
Read that again I'm not happy with where i am, if i left then it opens up the doors for the future because I'd no longer be tied into my DB pension, i feel i need to change but i am worried, I've been at my current employer since i was 18 (30 now) and its just so easy ...
In my experience, Supply Chain Manager (and Senior SCM) mean very different things in different companies, and the salaries cover a vast range, too. So for me the starting point would be to fully understand exactly what the role is.
Whereas you may be paid a rate currently 2 levels above what your company normally pays, it might well be completely different in other companies - in either direction!
I work in consulting in supply chain now and have been in the supply chain area, at various levels, for pretty much all of my 25+ year career.
To put the job title and salary bit into perspective, we're currently looking for another employee. We like to take 'hands on' type people rather than out and out consultants, and I've been sifting through applications recently. I have seen SCMs on salaries anywhere from not much more than £30k to others who are well over £100k.
If you've been at the same company all of your career your thoughts on the role and salary could be misaligned with those of other companies. It could be that you'd be going into a massively more pressured and demanding role for, essentially, the same money. Or it might be pretty much the same thing you do now. Who knows...
TLDR: I'd really want to know a lot about the new role before I jumped ship to a more senior job title on the same pay.
Whereas you may be paid a rate currently 2 levels above what your company normally pays, it might well be completely different in other companies - in either direction!
I work in consulting in supply chain now and have been in the supply chain area, at various levels, for pretty much all of my 25+ year career.
To put the job title and salary bit into perspective, we're currently looking for another employee. We like to take 'hands on' type people rather than out and out consultants, and I've been sifting through applications recently. I have seen SCMs on salaries anywhere from not much more than £30k to others who are well over £100k.
If you've been at the same company all of your career your thoughts on the role and salary could be misaligned with those of other companies. It could be that you'd be going into a massively more pressured and demanding role for, essentially, the same money. Or it might be pretty much the same thing you do now. Who knows...
TLDR: I'd really want to know a lot about the new role before I jumped ship to a more senior job title on the same pay.
Edited by PorkInsider on Monday 10th June 10:51
Sorry i should have mentioned, we have discussed the role and expectations in detail (with the hiring manager), when i am onsite i will go through and see a little more including the day-to-day expectations.
This is a much more hands on role, i.e. back working in the supply chain in different businesses, which is what i used to do and enjoy.
As long as i make enough to pay the bills, i'd rather enjoy my job.
This is a much more hands on role, i.e. back working in the supply chain in different businesses, which is what i used to do and enjoy.
As long as i make enough to pay the bills, i'd rather enjoy my job.
TBH I think I'd need the actual numbers to give you a proper view, but can I just say this is a very interesting question and it's good to hear everyone's ideas.
One the one hand, at 30, just go do what you want. You have 30 years left yet so you can't get stuck where you don't want to be.
As porkinsider says, that doesn't mean you shouldn't be careful about what ship to jump to. I'd say that if they're prepared to talk day to day expectations, it means that those are definable, which means you won't be expected to just step in and sort anything that goes down - there's a structure to work in. So it sounds like a fairly sensible ship.
The things that niggle for me, are a) the journey time, I hate long commutes. And b) the loss of final salary pension. I've done a lot of work in pensions and the value of final salary is missed by so many of those that have it. It's probably worth 30% of salary, so you're giving up 20% going to that new scheme.PM me about that if you want.
One the one hand, at 30, just go do what you want. You have 30 years left yet so you can't get stuck where you don't want to be.
As porkinsider says, that doesn't mean you shouldn't be careful about what ship to jump to. I'd say that if they're prepared to talk day to day expectations, it means that those are definable, which means you won't be expected to just step in and sort anything that goes down - there's a structure to work in. So it sounds like a fairly sensible ship.
The things that niggle for me, are a) the journey time, I hate long commutes. And b) the loss of final salary pension. I've done a lot of work in pensions and the value of final salary is missed by so many of those that have it. It's probably worth 30% of salary, so you're giving up 20% going to that new scheme.PM me about that if you want.
I also hate commuting ... and the final salary i have put a value of 21.95% (19.95 DB / 2% cash pot) as the equivalent.
Basically on that front its more money today but less in the pension, the actual total is higher in the new role; one promotion would entitle me to the full "exec" package, so car / additional pension, etc.
The thing is, I'm 30 and where i live there are limited opportunities; the longer i stay here the harder it becomes to leave because of the pension aspect, i feel as though if i don't jump now and then we think about children in the next few years i'll be stuck here through complacency and i'll resent it.
Basically on that front its more money today but less in the pension, the actual total is higher in the new role; one promotion would entitle me to the full "exec" package, so car / additional pension, etc.
The thing is, I'm 30 and where i live there are limited opportunities; the longer i stay here the harder it becomes to leave because of the pension aspect, i feel as though if i don't jump now and then we think about children in the next few years i'll be stuck here through complacency and i'll resent it.
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