Posted: 3/27/2013 3:11:27 PM EDT
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I have the opportunity for a new job doing basically the same thing I'm doing now but at a fairly substantial 19% pay cut initially but that gap would likely shrink over time. The new job would have much better benefits.
Current job: Cons No paid time off No retirement No matching 401k Employment based on continued contract renewal by client. I've been there for nearly 14 years but they can choose not to renew at any time. Sporadic raises Pros Opportunity for some overtime. ($5k in 1/2 time is a good year) Possibility for advancement is there but would require a 60 mile commute each way, not interested in relocation. Great boss Coworkers are like family New job: Cons 19% less salary No chance for overtime Slim chance of advancement without further education Unknown boss Pros Regular cost of living raises Raises for years of service Paid vacation, holidays and sick days Matching 401k Retirement plan (full retirement in 30 years which would put me at 68) Guaranteed employment (as much as it can be these days) Long term it looks like the new job would be a better opportunity but the decreased salary is going to sting a little. What says Arfcom, should I take the more secure job for less money but better benefits or take the risk that my current higher paying job will continue on as it has in the past? Anything else to take into account that I've missed? |
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Quoted:
Keep looking until you get the offer you really want. No sense in making a move from a comfortable job to something you are STILL unhappy with. I really wasn't looking, this offer just fell in my lap. I'm happy with the current job but the problem is if it disappears I'm taking a huge pay cut anywhere I go locally and family responsibilities won't allow me to relocate or travel for work. Maintaining a similar salary would require a one hour each way commute. I think I could be happy in the new job just the initial salary isn't so great and would put a cramp on finances for a few years. I get what you're saying though and it's a good point. |
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Quoted:
Quoted:
Keep looking until you get the offer you really want. No sense in making a move from a comfortable job to something you are STILL unhappy with. I really wasn't looking, this offer just fell in my lap. The problem with my current job is if it disappears I'm taking a huge pay cut anywhere I go locally and family responsibilities won't allow me to relocate or travel for work. I think I could be happy in the new job just the initial salary isn't so great and would put a cramp on finances for a few years. I would start looking. At least you would know what is out there for comparison purposes. If you were going to move to a new house you wouldn't limit yourself to the ones on your street. |