I haven’t posted in the last three weeks because I’ve been busy jet-setting all over the U.S. for interviews. I’m trying to decide if I should leave my job.
See, my current company has been very good to me. I’ve been given numerous growth opportunities, saw much larger than 2% annual increases year after year, been given the opportunity to lead a large team, am well-respected, and have excellent benefits and a high salary.
But as good as I have it now, I always have a thought in the back of my mind that I am not ready to stay with this company forever. Another promotion and more money at my current company may not be enough for me.
When I think about leaving my current company, I get sad. I love my boss and my team. I love where I live. Although I can see myself living elsewhere too.
Confessions of a Job-Hopping Millennial
- Diverse experiences that add to your skill set and knowledge
- Potential for increased compensation in the long term
I’m scared about the opportunity cost of leaving my current company and what I would leave behind personally, professionally, and monetarily.
Personally, I wonder:
- What if I don’t connect with my new boss?
- What if I dislike my coworkers?
- What if the work life balance is terrible?
- What if I regret moving?
Professionally, I wonder:
- If I stayed, where would I be in five years? What level of responsibility would I have?
- Am I ready to start over, rebuild all my connections, and work my way up again?
Monetarily, I worry:
- I will not see significant pay increases each year at a new company.
- I am losing thousands in long-term incentives by leaving my company.
- The benefits of the new company will not match up to the great benefits I get now – excellent benefits plus 9% employer contribution to retirement accounts.
Nonetheless, I’ve been reaching out about opportunities at other companies. So far, I have applied and been asked to interview with two big name companies in a different industry, one competitor in my current industry, and another job within my company. All jobs would require me to relocate to a different state. The position with the competitor is a leadership opportunity and similar to what I’m doing now. The other positions are different in nature but are individual contributor roles.
I’ve received on-site interviews at all four companies and offers.
For those of you wondering how I went 4/4, read the following posts:
Comparing The Different Offers
Company 1: The first position is at a large company on the West Coast. I met everyone on the team, was very impressed with management, and felt warmly welcomed. The perks of the company are big but the cost of living is crazy high compared to where I live now. It looks like employees in that role don’t make much more than I make now (according to the reported salaries on Glassdoor). The company seems excited about me so I have some leverage with comp, although I’m not sure if I have enough leverage to make up for the cost of living increase.
Company 2: This second position is on the East Coast and is also at a large company. I have plenty of family and friends in the area. The position is more technical in nature than the other position which means I feel less confident walking in but think I may gain more from it long-term. I didn’t connect as well with the manager and did not get the feeling that they are as excited about me. I got the offer none-the-less and apparently it was a unanimous decision with those that I interviewed with, although I wasn’t confident leaving the interviews that they went well.
Company 3: This third position is with a competitor and would also be on the East-Coast near family. It is similar to what I do now so I would feel relatively confident in my knowledge coming in. It would be managing a more technical team than I currently manage now which could be challenging. I connected very well with the manager on the phone and believe that I may be the top candidate for the role. It may lock me into my current industry though and I don’t know if I want to switch industries in future.
Company 4: This fourth position is with my current company so I would not lose any of my long-term incentives and the benefits are good. I could probably negotiate up a higher salary. The position itself is within a growing field in my industry and would be more innovative and probably more interesting than my current job. I would not have leadership responsibility. I would feel less-guilty leaving my current job because I’m staying with the company.
Last but not least, I can stay at my current job!
I currently manage a large team that provides me with much influence and is rewarding. I like the people I work with and my boss. The area has a lot to offer in terms of outdoors lifestyle and low cost of living. At the same time, I have been in the position for over two years and I am ready for a move.
So those are the 4 offers on the table for me. My fiancé and I have a lot of thinking to do today. I will likely need to make a decision this week as I can’t stall much longer.
Have you been in this position before? How did you decide between competing offers?
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