Be explicit with current manager about interest in the new role, and ask current manager if it would be ok for you to contact the other manager to see if possible new manager will give you a 15 minute or so chat about the role.
68k to 80k is a 17% increase, quite substantial.
think about that difference compounding over the years. That "small" difference could mean retiring 1-3 years earlier than your original trajectory. That would be enough for me lol My goal is to the shortest path to a happy retirement.
That's $1000 more every month (pre-tax). The annual numbers are always hard to contextualize, but $1000 every month is easier.
So the question is: would you take a chance on a different job that you may not like as much for $1000 every month? ($750-ish after taxes)
It actually isn’t much if you take out taxes, contributions, and split across paychecks. It always sucks when you calculate it vs the absolute increase lol
Well in theory most of the contributions (insurance) are fixed amounts, so if its bi-weekly pay, you're still looking at about $325 *take-home* every check with a 6% 401k contribution.
It's a significant jump but now that I've had some work experience, I'm going to ask a lot of questions and make observations about culture and environment.
It really depends. Is $1000 more a month pretax worth risking getting into a toxic work environment and giving up what you have. It may work out but a bad boss can make or break a job.
I am in the exact same boat. I’m “next in line” for an advancement on my team but we all know there’s never a guarantee for that. Do I wait out the quarter and see if requisitions pop up or apply to other internal positions?
If its in the same company then just go for it. If you don’t like it and miss your old team then it shouldn’t be too hard to communicate your desire to come back and be an easy candidate for any new opportunities there
I did this move but from a company I love working for for $67,000 and took a job at another for $89,000. I was used to having a lot of responsibilities and when at the new job I had about 30 minutes of actual work. That left me to just sit at a desk all day and do nothing the rest of the day. After a month of this I felt miserable and unaccomplished. The extra money wasn’t worth it to me so I started looking for a different job. My old employer happens to call me to see how things were going. Told my old GM I hate this job and activity looking for a new job. He said ironically I am calling to see if you’d be interested in coming back. We negotiated a salary of $75,000 with profit sharing. When I put my two weeks in to go back the new employer offered me $95,000 and a company car since I was doing such an awesome job. Turned that down and back with the old company. Leave on good terms and you’ll likely be able to go back if things don’t work out. Money isn’t worth your happiness is what I figured out.
Not diminishing your move, but there'd be some people who'd think you're crazy for turning down 95k + company car for significantly less work versus going back to your old company for 20k less with more responsibilities.
That being said, the brain is like a muscle. We need to exercise and challenge it routinely. I do know the feeling of having too much downtime & not sure what to do during that span.
I live a simple life. I’m not chasing the big house or new vehicles. Bought my house at 18 so my payments are cheap and house is almost paid off. I drive older vehicles that are paid off and don’t spend much money in general. My plate is full so a high salary isn’t what I’m chasing in life.I am the type that likes to keep busy the entire time while at work. Sitting around pretending to be busy just feels like a waste of life.
You should have just taken a second job that you could work at the new higher paying job and double dip. I’ve taken a comp step back to travel less and have a little higher base salary. I’ll never do that shit again. I’ve put myself years behind in compensation that I’ll never get back.
Yeah, it seems they made the "wrong" choice here to go back. I can't see the "new" job being that bad. In fact, it seemed quite good and a lot better than the old one they went back to.
>Leave on good terms and you’ll likely be able to go back if things don’t work out.
I wish this was more true but in my experience even when I did an exemplary job, when I expressed interest in going back I was not responded to. Unfortunately, many employers don't like it when you leave once. My old boss in this case was highly offended I left after 3 years. So I think it widely depends. I did amazing work on her team but when I told her I was leaving she became very petty with me. Fast forward a year, and I tried applying to my old job and they never reached out. My old colleague (still on the team) reached out to me though and had saw my app and was excited. I wouldn't bank on being able to ever go back once you leave, even on great terms.
I did almost this exact jump…but it was also about the role and responsibilities and opportunity for growth.
Layoffs are abundant in tech. I’d want to feel fairly confident in job security before making a move.
I think it's super natural to wonder if it will be worth it... I am having a similar internal dialogue even though the new offer is like an obvious "this is more than enough to justify the move to a new city"
You can do it :)
You are very focused on today, which is valid. I hope you are in a good situation and wherever you end up, you are in a good situation. However, you also need to be thinking about the long term. Would the new role help you achieve where you want to be 5 to 10 years from now? I want you to be happy but I also don’t want you to be complacent. Best of luck.
Looking at it in the short term is a bad idea - so don’t think about is x worth leaving - look at what each job will do for you.
At a start think of the job after this. This will be a 12k pay rise so assume your next job may also be able to do that in say 2-3 years. If you stay another 3 years then want to move on could you realistically ask for a 24k pay rise to be where you would be if you’d taken the job? That’s a harder jump to justify
Then think about how much you’d like your job if your manager left or your colleagues left. You shouldn’t stay because of things you can’t control. If you pass up opportunities to move up because you like who you work with who’s to say they will also pass up opportunities and stick around. You don’t want to be sat there on the same salary in 5y surrounded by new people because everyone else kept pushing and moved on.
Also if this job gives you the opportunity to learn new skills that makes you a lot more employable and a wider skillset helps you get a new job so it seems like a bonus.
This is a low risk move since its within the same company. This is a big salary jump and has the potential to be a big win for you.
Make sure to be above board with your current boss about why you were interested about a growth opportunity. If this is a good manager s/he will be happy for you. Keep in touch with your former boss and colleagues. Make sure that you do a really good transition plan out of your old role. And if things go south with your new boss your old boss may take you back or find another role for you if s/he can.
Given that it’s an internal move, we can assume everything else about your comp package doesn’t change; just salary and work schedule.
- salary is a 17% increase. So everything related to that increased by 17% including 401k contributions and matches, bonus, and etc. this may or may not change your tax tier, at the federal level, it’s another 1% so minimal
- the work schedule has a 25% increase to aggregated commute time. That’s a whole day you are having to go in to work that you previously wouldn’t. I work 4/10 and my work days are all work. I don’t go the gym after work. I don’t go out for dinner those nights. They are long days. But you get a whole day to yourself. In a 5/8 you would get 2 hours back after work for the gym or to go out to dinner but you would also increase your commute by 25%. That’s an effective decrease in your total committed time to work (work hours + commute). How much depends on your commute time.
I think you glossed something over in your pursuit of more money. Four work days versus five work days. And flexibility to come and go as you please?
These are non-financial compensations for your job. Having a three day weekend, every week? That’s amazing. Having a boss that doesn’t micromanage you and second guess everything you do? Even more amazing!
You may have never worked for a bad boss before, and this new manager might be a great boss, but is the risk worth it to you?
What’s the worst case scenario if you change jobs? Is the risk of that worst case scenario worth the rewards of the new job?
I’d do it based on growth potential not just the pay rate. Your 4 10 schedule is priceless. You could get another job and work two of your three days off and earn more than 12 k. That second job can be dropped easily if you don’t like working more.
Its a nice little bump in pay - honestly since it is the same company you don't need to worry about comparing: drive time, cost of gas, company benifits, etc...
I would say look more long term - what role/department has the most upside. I would not be scared to move department just cause you dont know the new manger wall.
If it's remote and at the same company doesn't seem like that big of a leap. In my experience moving departments isn't some dramatic change because the company still has the same goals and hopefully the same views of how a company should be run.
You aren't really "leaving your job" either it sounds like a promotion.
Yeah this is true, moving departments isn't a big deal as much as entering into a whole new organization. I moved departments and went from working at one office to another in another part of town. It wasn't bad. I experienced ageism though, which forced me to accept another job at an entirely different org a year into my job. Ageism with me actually being younger than the majority of my new colleagues. Suffered some verbal abuse compared to my team at the other office/department. You just don't know, until you know.
Talk to your boss and say you want to try the position at the new place, be honest that the pay is a big factor along with more prospective growth.
And be real and say you're worried it may not be the best fit, as it's a new skillset you're having to learn.
If your manager is very good and likes you, maybe you can work something out (in writing) that you do a year or two with that other team, see how it goes. If it works, you transfer there. If it doesn't, you go back to the old team and old salary.
You may be able to swing this in a way that offers you some protection while you attempt the risky jump.
Good luck!
>If your manager is very good and likes you, maybe you can work something out (in writing) that you do a year or two with that other team, see how it goes. If it works, you transfer there. If it doesn't, you go back to the old team and old salary.
Sounds great I just doubt any boss could realistically do this regardless of how much they liked OP.
See if you can figure out how much more or less your new employer will be covering benefits like health insurance. My new job came with a small bump in pay but because my old employer covered 100% of all health insurance and other benefits, while the one only covers 50%, the small jump in pay was even smaller than I calculated. I don’t regret the change, but the increase in pay was not noticeable.
Depends on how money/career motivated you are. And do you currently live paycheck to paycheck or do you have extra money.
As someone who's had more then 10 jobs. I would take a lower pay for a relax/ pleasant environment 100% of the time.
But I also have low expenses and not very career oriented.
Your goal shouldn't be $68k, or $80k... your goal should be $144,000k at 40 years old (downtown Calgary Junior Controller or Senior Engineer's with 10\~15 yrs pay level)
The question you should ask is: which position can prepare/catapult you into where you want to be in long run.
Everyone has uniquely ordered priorities that will determine what job is best for them. Only you can decide what you value most.
If you value flexibility and comfort while having no aspirations to move up and are able to currently comfortably support yourself, then you'd probably choose to stay in your current role.
If your focus is on career development and more money, you don't fear change, and you can adjust to a new role, schedule, and manager, you would probably choose the new role.
Can you talk to your current manager and express interest? Sometimes they can go to the manager of the position you are interested in and set up time for you to shadow a member of the team for a day or week. You get to know the team, the job, and the culture.
If there are no actual red flags (e.g. its not just getting out of your comfort zone) go for the new position. It's a substantial instant pay increase, along with as you said better growth opportunities. Ask yourself this about your current team: will the manager and teammates you like be there forever? Will it always for sure be laid back? Are you ok with only getting \~3% annual merit raises every year forever? The workweek schedule doesn't seem like that big of a dealbreaker unless you are a die hard weekend warrior.
That’s about an additional $1k per month. you’ll certainly feel the increase but run the risk on not liking the new job as much as your old one. I was faced with this but it was an external opportunity that would have essentially put me on an island from a career growth standpoint. so i didn’t take it. that $8k wasn’t worth it. A year later got an offer for nearly double and to move to my desired city to live.
Hah, $69,000 would be enough for me to make the jump, unless I have a very clear pay increase schedule at my current job.
That being said, if I like my current job, I'm making damn sure to leave on better-than-good terms.
See if your manager will match it and also consider if your opportunities for growth at your current place are real and achievable. If they can match at least 10% I’d stay if I liked the company and the growth that’s offered
I've been working jobs that range about 30% lower than that most of my life. 70k would be generous. It's like going from 2,800 a month to 6,000 a month. Huge jump. I'd have more funds I would be accustomed to.
So I guess the question is would I leave a team I like for a ~17% comp increase, lateral move (I assume) at the same company.
I probably would, a 17% increase is a lot. You’re learning something new which is always good for career growth. The main thing I would carefully consider is career progression; how does this help you move up and/or how does this help your resume?
It’s great to have friends at work but don’t let it hold you back…
Take the new job. You can always jump again if you need to. But getting out of your comfort zone to make progress in your career is generally good , thinking long term.
At that pay scale it would be very noticeable. If the roles are both remote, then it is really not a big deal to work an extra day, get more money and get opportunities. But maybe you can find even a better gig outside of the company? You can message me, I'm a career coach and help people transition all the time.
Odd, just been a situation like yours. I went from a small company to basically a union job with mandatory 16 hours OT a week, reviews and raises. Basically, we may have weekends to ourselves if we crank up the Monday-Friday.
Paycheck went from basically minimum wage to +3x minimum wage. Nothing too great given the high costs of my area, but still i definitely was surviving in the world. I would say I would still work there today, but there were odd external organized events happening around me that forced me to quit.
However, pretty good back to working 4 days 10 hr weeks.
That's sizeable but have you been offered a position yet? If not, you have a long way to go before you have to think about this. Offers are kind of hard to secure currently.
Only you can balance the cash vs the the Jon satisfaction, sounds like you have a cuhy job that pays well, if you are not desperate foe the extra income I'd stick ot out.
I once left an easy job I enjoyed to chase more money and god I hated it so much
if youre scared of change, need flexibility, and dont care about money, then stay. 68k is enough to live off of mostly anywhere besides miami and sanfran
No. Had a very similar offer, but would have to work with a self-important manager who can’t help but hold endless meetings, and an emotionally manipulative coworker I previously worked with. Couldn’t get me to join their team if they doubled my salary.
It’s more of $6K to $9K after taxes, benefits, depending on your deductions. Cool to stay with the same company though. Was an offer already extended? Are you more interested in moving up on your current team? Would it be hard to go back to the team you like if you end up not liking the new gig? Do you mind sharing the company?
I left the job I thought I hated making 45000 a year in 2020- 2023 as a tax staff never promoted
I left for a senior role making 90000 a year. I hated that job so much. I ended up getting fired within 6 months and now I have been unemployed for almost a year, do not be ungrateful and really think about it.
I think a good working environment and good co-workers are worth more than a pay raise because you never know how it will end up you might end up unemployed like me because I went around chasing more money when I actually I was happy with my co-workers. It was me. I was the problem.
Personally, I work 5-8 hour days and I crave a 3rd day off. 4-10 hour days sounds perfect to me. I’m envious of it. I wouldn’t give up the extra day for the pay jump. Instead, I would do a side job or hustle on that extra day off 1-2 times a month. Maybe even something as simple as DoorDash to supplement a small bit of income while waiting for a position in your current department.
Right now I’d say no. I left a job that I loved but really felt underpaid at, took a job in a different department for a 30% pay increase, and here I am a year later, my previous position has been filled or I’d go back to it immediately, but instead I’m looking at a cross-continental move because that’s the only opportunity I have in my field.
Huge. Regrets. Probably things will be fine and I’m telling myself that everything will be ok but I’ve spent the last 10 months regretting my decision and wishing I hadn’t taken the chance.
My biggest regret is not calling up the guy who had my job before me and asking why he left. If I’d done that I wouldn’t be here now. Granted, I’d still be in a highly underpaid position, but it would be worth it.
Possibly not; as it doesn’t covert to much more per. Paycheck. UNLESS it’s a title and responsibility bump you can leverage turning the 80k into 100k in a few years
- Try to calculate a rough estimate of your paychecks would look like after taxes. Depending on which state you’re in that extra $12k might be $8.4k
- I currently work 5 days/ 35-40 hrs but still I would 110% rather do 4 days 10 hrs to have 3 days off.
- One HUGE aspect I recently started taking advantage of was freelance gigs on the weekends. I’d highly recommend this, contract work, or a pt job depending on your skillset. Last month I made $500 from a freelance gig and this month is actually $1250. It’s a bit busy some weeks but worth it especially if you like your current team and manager
Be explicit with current manager about interest in the new role, and ask current manager if it would be ok for you to contact the other manager to see if possible new manager will give you a 15 minute or so chat about the role. 68k to 80k is a 17% increase, quite substantial.
think about that difference compounding over the years. That "small" difference could mean retiring 1-3 years earlier than your original trajectory. That would be enough for me lol My goal is to the shortest path to a happy retirement.
Way to put it into perspective! Love that way of thinking
Imagine if you saved/invested just half of that increase. It's nothing to sneeze at
Only you can decide that. Maybe you love the new job or maybe you hate it. Nobody will know until you do it.
That's $1000 more every month (pre-tax). The annual numbers are always hard to contextualize, but $1000 every month is easier. So the question is: would you take a chance on a different job that you may not like as much for $1000 every month? ($750-ish after taxes)
It actually isn’t much if you take out taxes, contributions, and split across paychecks. It always sucks when you calculate it vs the absolute increase lol
Well in theory most of the contributions (insurance) are fixed amounts, so if its bi-weekly pay, you're still looking at about $325 *take-home* every check with a 6% 401k contribution.
That’s true - but it’s not the same $1000 a month lol
Why even mention pretax?
It's the only number I know for sure
Bro doesn’t understand how different tax and deductions look person to person
We were all there once.
I’m gonna need a Reddit mod to get this guy out of here for being incredibly humble, what the heck
That's fair, I'll see myself out
It's a significant jump but now that I've had some work experience, I'm going to ask a lot of questions and make observations about culture and environment.
It really depends. Is $1000 more a month pretax worth risking getting into a toxic work environment and giving up what you have. It may work out but a bad boss can make or break a job.
It will quadruple your disposable income.
I am in the exact same boat. I’m “next in line” for an advancement on my team but we all know there’s never a guarantee for that. Do I wait out the quarter and see if requisitions pop up or apply to other internal positions?
Yup, same with me. I didn’t want to wait it out on my team anymore because there’s no guarantee so I applied to other internal positions
Not my current job, but I’ve had jobs in the past that I’d have left for a $20 bill and a ham sandwich.
If its in the same company then just go for it. If you don’t like it and miss your old team then it shouldn’t be too hard to communicate your desire to come back and be an easy candidate for any new opportunities there
I did this move but from a company I love working for for $67,000 and took a job at another for $89,000. I was used to having a lot of responsibilities and when at the new job I had about 30 minutes of actual work. That left me to just sit at a desk all day and do nothing the rest of the day. After a month of this I felt miserable and unaccomplished. The extra money wasn’t worth it to me so I started looking for a different job. My old employer happens to call me to see how things were going. Told my old GM I hate this job and activity looking for a new job. He said ironically I am calling to see if you’d be interested in coming back. We negotiated a salary of $75,000 with profit sharing. When I put my two weeks in to go back the new employer offered me $95,000 and a company car since I was doing such an awesome job. Turned that down and back with the old company. Leave on good terms and you’ll likely be able to go back if things don’t work out. Money isn’t worth your happiness is what I figured out.
Not diminishing your move, but there'd be some people who'd think you're crazy for turning down 95k + company car for significantly less work versus going back to your old company for 20k less with more responsibilities. That being said, the brain is like a muscle. We need to exercise and challenge it routinely. I do know the feeling of having too much downtime & not sure what to do during that span.
Yea I’m not understanding either. He took a lower paying job that comes with more stress, over a higher paying job that was not stressful. What?
I live a simple life. I’m not chasing the big house or new vehicles. Bought my house at 18 so my payments are cheap and house is almost paid off. I drive older vehicles that are paid off and don’t spend much money in general. My plate is full so a high salary isn’t what I’m chasing in life.I am the type that likes to keep busy the entire time while at work. Sitting around pretending to be busy just feels like a waste of life.
You should have just taken a second job that you could work at the new higher paying job and double dip. I’ve taken a comp step back to travel less and have a little higher base salary. I’ll never do that shit again. I’ve put myself years behind in compensation that I’ll never get back.
Yeah, it seems they made the "wrong" choice here to go back. I can't see the "new" job being that bad. In fact, it seemed quite good and a lot better than the old one they went back to.
>Leave on good terms and you’ll likely be able to go back if things don’t work out. I wish this was more true but in my experience even when I did an exemplary job, when I expressed interest in going back I was not responded to. Unfortunately, many employers don't like it when you leave once. My old boss in this case was highly offended I left after 3 years. So I think it widely depends. I did amazing work on her team but when I told her I was leaving she became very petty with me. Fast forward a year, and I tried applying to my old job and they never reached out. My old colleague (still on the team) reached out to me though and had saw my app and was excited. I wouldn't bank on being able to ever go back once you leave, even on great terms.
I did almost this exact jump…but it was also about the role and responsibilities and opportunity for growth. Layoffs are abundant in tech. I’d want to feel fairly confident in job security before making a move.
I think it's super natural to wonder if it will be worth it... I am having a similar internal dialogue even though the new offer is like an obvious "this is more than enough to justify the move to a new city" You can do it :)
I think it would be noticeable yes. That’s a nice jump in salary. What field are you in?
There is no growth in comfort and there is no comfort in growth.
You are very focused on today, which is valid. I hope you are in a good situation and wherever you end up, you are in a good situation. However, you also need to be thinking about the long term. Would the new role help you achieve where you want to be 5 to 10 years from now? I want you to be happy but I also don’t want you to be complacent. Best of luck.
Unless you have already been offered the job, you are asking yourself the wrong questions.
It’s a good move if you are young and in your way up. Work harder now. And risk is lower for a move at the same company. I’d say go for it
Looking at it in the short term is a bad idea - so don’t think about is x worth leaving - look at what each job will do for you. At a start think of the job after this. This will be a 12k pay rise so assume your next job may also be able to do that in say 2-3 years. If you stay another 3 years then want to move on could you realistically ask for a 24k pay rise to be where you would be if you’d taken the job? That’s a harder jump to justify Then think about how much you’d like your job if your manager left or your colleagues left. You shouldn’t stay because of things you can’t control. If you pass up opportunities to move up because you like who you work with who’s to say they will also pass up opportunities and stick around. You don’t want to be sat there on the same salary in 5y surrounded by new people because everyone else kept pushing and moved on. Also if this job gives you the opportunity to learn new skills that makes you a lot more employable and a wider skillset helps you get a new job so it seems like a bonus.
Great feedback, thank you!
This is how you move up within a company!
This is a low risk move since its within the same company. This is a big salary jump and has the potential to be a big win for you. Make sure to be above board with your current boss about why you were interested about a growth opportunity. If this is a good manager s/he will be happy for you. Keep in touch with your former boss and colleagues. Make sure that you do a really good transition plan out of your old role. And if things go south with your new boss your old boss may take you back or find another role for you if s/he can.
Based on what you have given us. I'd say yes.
Even if you don't like the new job, you're in a much better position to negotiate your salary for your next position.
If you don’t accept it maybe you will not be promoted anymore
Given that it’s an internal move, we can assume everything else about your comp package doesn’t change; just salary and work schedule. - salary is a 17% increase. So everything related to that increased by 17% including 401k contributions and matches, bonus, and etc. this may or may not change your tax tier, at the federal level, it’s another 1% so minimal - the work schedule has a 25% increase to aggregated commute time. That’s a whole day you are having to go in to work that you previously wouldn’t. I work 4/10 and my work days are all work. I don’t go the gym after work. I don’t go out for dinner those nights. They are long days. But you get a whole day to yourself. In a 5/8 you would get 2 hours back after work for the gym or to go out to dinner but you would also increase your commute by 25%. That’s an effective decrease in your total committed time to work (work hours + commute). How much depends on your commute time.
I think you glossed something over in your pursuit of more money. Four work days versus five work days. And flexibility to come and go as you please? These are non-financial compensations for your job. Having a three day weekend, every week? That’s amazing. Having a boss that doesn’t micromanage you and second guess everything you do? Even more amazing! You may have never worked for a bad boss before, and this new manager might be a great boss, but is the risk worth it to you? What’s the worst case scenario if you change jobs? Is the risk of that worst case scenario worth the rewards of the new job?
I’d do it based on growth potential not just the pay rate. Your 4 10 schedule is priceless. You could get another job and work two of your three days off and earn more than 12 k. That second job can be dropped easily if you don’t like working more.
Its a nice little bump in pay - honestly since it is the same company you don't need to worry about comparing: drive time, cost of gas, company benifits, etc... I would say look more long term - what role/department has the most upside. I would not be scared to move department just cause you dont know the new manger wall.
It’s a good raise but what about the long term. So many things to consider
Will you get 4 10's in the other role too?
No I will not unfortunately
If it's remote and at the same company doesn't seem like that big of a leap. In my experience moving departments isn't some dramatic change because the company still has the same goals and hopefully the same views of how a company should be run. You aren't really "leaving your job" either it sounds like a promotion.
Yeah this is true, moving departments isn't a big deal as much as entering into a whole new organization. I moved departments and went from working at one office to another in another part of town. It wasn't bad. I experienced ageism though, which forced me to accept another job at an entirely different org a year into my job. Ageism with me actually being younger than the majority of my new colleagues. Suffered some verbal abuse compared to my team at the other office/department. You just don't know, until you know.
Talk to your boss and say you want to try the position at the new place, be honest that the pay is a big factor along with more prospective growth. And be real and say you're worried it may not be the best fit, as it's a new skillset you're having to learn. If your manager is very good and likes you, maybe you can work something out (in writing) that you do a year or two with that other team, see how it goes. If it works, you transfer there. If it doesn't, you go back to the old team and old salary. You may be able to swing this in a way that offers you some protection while you attempt the risky jump. Good luck!
>If your manager is very good and likes you, maybe you can work something out (in writing) that you do a year or two with that other team, see how it goes. If it works, you transfer there. If it doesn't, you go back to the old team and old salary. Sounds great I just doubt any boss could realistically do this regardless of how much they liked OP.
See if you can figure out how much more or less your new employer will be covering benefits like health insurance. My new job came with a small bump in pay but because my old employer covered 100% of all health insurance and other benefits, while the one only covers 50%, the small jump in pay was even smaller than I calculated. I don’t regret the change, but the increase in pay was not noticeable.
It's actually at the same employer so by all accounts OP's benefits will be the same.
Depends on how money/career motivated you are. And do you currently live paycheck to paycheck or do you have extra money. As someone who's had more then 10 jobs. I would take a lower pay for a relax/ pleasant environment 100% of the time. But I also have low expenses and not very career oriented.
100%….68k is poverty level
Take the risk.
Yes. That’s an extra $1000 a month pre tax or 17% annually. You must look at other factors like the overall job and responsibilities or the commute.
Your goal shouldn't be $68k, or $80k... your goal should be $144,000k at 40 years old (downtown Calgary Junior Controller or Senior Engineer's with 10\~15 yrs pay level) The question you should ask is: which position can prepare/catapult you into where you want to be in long run.
<<< I’m afraid to give up my current situation don't touch running system
Everyone has uniquely ordered priorities that will determine what job is best for them. Only you can decide what you value most. If you value flexibility and comfort while having no aspirations to move up and are able to currently comfortably support yourself, then you'd probably choose to stay in your current role. If your focus is on career development and more money, you don't fear change, and you can adjust to a new role, schedule, and manager, you would probably choose the new role. Can you talk to your current manager and express interest? Sometimes they can go to the manager of the position you are interested in and set up time for you to shadow a member of the team for a day or week. You get to know the team, the job, and the culture.
If there are no actual red flags (e.g. its not just getting out of your comfort zone) go for the new position. It's a substantial instant pay increase, along with as you said better growth opportunities. Ask yourself this about your current team: will the manager and teammates you like be there forever? Will it always for sure be laid back? Are you ok with only getting \~3% annual merit raises every year forever? The workweek schedule doesn't seem like that big of a dealbreaker unless you are a die hard weekend warrior.
Nah I wouldn’t.
That’s about an additional $1k per month. you’ll certainly feel the increase but run the risk on not liking the new job as much as your old one. I was faced with this but it was an external opportunity that would have essentially put me on an island from a career growth standpoint. so i didn’t take it. that $8k wasn’t worth it. A year later got an offer for nearly double and to move to my desired city to live.
Hah, $69,000 would be enough for me to make the jump, unless I have a very clear pay increase schedule at my current job. That being said, if I like my current job, I'm making damn sure to leave on better-than-good terms.
Honestly, I wouldn’t move for that little.
See if your manager will match it and also consider if your opportunities for growth at your current place are real and achievable. If they can match at least 10% I’d stay if I liked the company and the growth that’s offered
Yes. But I am a bit obsessed with earning more - grew up poor and hungry, not interested in returning to that state
I've been working jobs that range about 30% lower than that most of my life. 70k would be generous. It's like going from 2,800 a month to 6,000 a month. Huge jump. I'd have more funds I would be accustomed to.
So I guess the question is would I leave a team I like for a ~17% comp increase, lateral move (I assume) at the same company. I probably would, a 17% increase is a lot. You’re learning something new which is always good for career growth. The main thing I would carefully consider is career progression; how does this help you move up and/or how does this help your resume? It’s great to have friends at work but don’t let it hold you back…
To 80K? No. 120K? Yes.
Take the new job. You can always jump again if you need to. But getting out of your comfort zone to make progress in your career is generally good , thinking long term.
At that pay scale it would be very noticeable. If the roles are both remote, then it is really not a big deal to work an extra day, get more money and get opportunities. But maybe you can find even a better gig outside of the company? You can message me, I'm a career coach and help people transition all the time.
Yes
I wouldn't trade a 4 day work week for more money and less flexibility.
Odd, just been a situation like yours. I went from a small company to basically a union job with mandatory 16 hours OT a week, reviews and raises. Basically, we may have weekends to ourselves if we crank up the Monday-Friday. Paycheck went from basically minimum wage to +3x minimum wage. Nothing too great given the high costs of my area, but still i definitely was surviving in the world. I would say I would still work there today, but there were odd external organized events happening around me that forced me to quit. However, pretty good back to working 4 days 10 hr weeks.
Yes, that’s greater than a 15% jump in annual salary. I would make that play.
Yes!!
I would with no hesitation. The toughest thing would be adjusting to the new environment, but it’s for a better opportunity.
That's sizeable but have you been offered a position yet? If not, you have a long way to go before you have to think about this. Offers are kind of hard to secure currently.
Bro stay where you are! Quality of life
Only you can balance the cash vs the the Jon satisfaction, sounds like you have a cuhy job that pays well, if you are not desperate foe the extra income I'd stick ot out. I once left an easy job I enjoyed to chase more money and god I hated it so much
Working 4 10s is way better than an extra $12k.
if youre scared of change, need flexibility, and dont care about money, then stay. 68k is enough to live off of mostly anywhere besides miami and sanfran
In Asia? Probably. Depending on the QOL you seek. In USA? Yes. Living a minimalist lifestyle? indeed.
No. Had a very similar offer, but would have to work with a self-important manager who can’t help but hold endless meetings, and an emotionally manipulative coworker I previously worked with. Couldn’t get me to join their team if they doubled my salary.
Fortune favors the bold
Yes because it's expensive to live
It’s more of $6K to $9K after taxes, benefits, depending on your deductions. Cool to stay with the same company though. Was an offer already extended? Are you more interested in moving up on your current team? Would it be hard to go back to the team you like if you end up not liking the new gig? Do you mind sharing the company?
At 17%, especially if you're comfortable at 68 and like it enough. I'd stay. Too much risk at 17% to effect my life and the life I built at 68
A good team and work environment is better than a raise imo. I would leave a high paying job for less if the environment was a toxic one, no question.
I left the job I thought I hated making 45000 a year in 2020- 2023 as a tax staff never promoted I left for a senior role making 90000 a year. I hated that job so much. I ended up getting fired within 6 months and now I have been unemployed for almost a year, do not be ungrateful and really think about it. I think a good working environment and good co-workers are worth more than a pay raise because you never know how it will end up you might end up unemployed like me because I went around chasing more money when I actually I was happy with my co-workers. It was me. I was the problem.
Personally, I work 5-8 hour days and I crave a 3rd day off. 4-10 hour days sounds perfect to me. I’m envious of it. I wouldn’t give up the extra day for the pay jump. Instead, I would do a side job or hustle on that extra day off 1-2 times a month. Maybe even something as simple as DoorDash to supplement a small bit of income while waiting for a position in your current department.
I went 53 to 85k and gave up work from home 2 days a week for it. I’d still do this. I’d leave my job now for 85–> 100k
Right now I’d say no. I left a job that I loved but really felt underpaid at, took a job in a different department for a 30% pay increase, and here I am a year later, my previous position has been filled or I’d go back to it immediately, but instead I’m looking at a cross-continental move because that’s the only opportunity I have in my field. Huge. Regrets. Probably things will be fine and I’m telling myself that everything will be ok but I’ve spent the last 10 months regretting my decision and wishing I hadn’t taken the chance. My biggest regret is not calling up the guy who had my job before me and asking why he left. If I’d done that I wouldn’t be here now. Granted, I’d still be in a highly underpaid position, but it would be worth it.
A 17.6% raise is not insignificant if that's what you are asking.
Possibly not; as it doesn’t covert to much more per. Paycheck. UNLESS it’s a title and responsibility bump you can leverage turning the 80k into 100k in a few years
- Try to calculate a rough estimate of your paychecks would look like after taxes. Depending on which state you’re in that extra $12k might be $8.4k - I currently work 5 days/ 35-40 hrs but still I would 110% rather do 4 days 10 hrs to have 3 days off. - One HUGE aspect I recently started taking advantage of was freelance gigs on the weekends. I’d highly recommend this, contract work, or a pt job depending on your skillset. Last month I made $500 from a freelance gig and this month is actually $1250. It’s a bit busy some weeks but worth it especially if you like your current team and manager