Job dilemma

genetic

genetic

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I resigned from my old company in January last year to further my field in a slightly different direction.

Two weeks back my previous company said they want me to go back to them - they then made me an offer, which I kindly declined. They've now come back with an enticing offer, offering 25% more than I'm currently earning, with performance based increases and end year bonus.

I enjoy what I'm currently doing, but we get no bonuses, and our yearly increase is capped at 5.8%. I could really do with earning more (I have a lot of debt to pay off). The work I'd be going back to is much more basic (if I can put it that way) to what I'm doing now.

What would you guys do in a similar situation where you enjoy your current position, but offered more to work elsewhere where you might not be as challenged?
 
Yearly increase capped to 5.8% would be a big problem for me...thats not even keeping up with official inflation let alone the "real" price of stuff going up. So you're kinda digging yourself into a hole there...

I'd accept it and find a way to make it more rewarding / get a hobby.
 
There's no loyalty from any employer so why should you show any loyalty.
25% is huge and if they willing to put the performance bonus structure in the contract I would go for it. Perhaps you can expand your abilities at the company to w at your job entails now as well, suggest you discuss it with them.
 
HavocXphere said:
Yearly increase capped to 5.8% would be a big problem for me...thats not even keeping up with official inflation let alone the "real" price of stuff going up. So you're kinda digging yourself into a hole there...

I'd accept it and find a way to make it more rewarding / get a hobby.
Click to expand...

This.

Sure you need to enjoy what you do, but just too big of a discrepancy.
 
Go back for the money to get your financial life in order.
Find a hobby or something else to keep you happy :)
 
Money. Go for the money. 5.8% means you are earning less and less every year.
 
pezulu said:
Go with your heart
Click to expand...


Worst job advice anybody can ever give you. We'll see what your heart has to say when you can't retire, the bank takes your house or you are left behind when your friends all go on holiday.
 
I would never go back.
Why?
Because I have seen numerous examples of what happens when you go back
Usually the company then gets this idea that they now have a hold on you, and they can treat you like crap.
Every single person I have known, that went back, end up far worse off.
My last job, my boss was on his "second term" at the same company... they treated him like dirt.
 
Koosi said:
I would never go back.
Why?
Because I have seen numerous examples of what happens when you go back
Usually the company then gets this idea that they now have a hold on you, and they can treat you like crap.
Every single person I have known, that went back, end up far worse off.
My last job, my boss was on his "second term" at the same company... they treated him like dirt.
Click to expand...


And in this case where he is offered a bonus + 25% increase over the 5.8% he is getting now?
I'd go back. Maybe it turns out to be awesome in which case WIN. If it sucks he now has a bigger salary to look for a better job with.
Not being able to pay your debt sucks worse than working for a d**s.
 
Go to your current employer and show them the offer. Give them one opportunity to match it or even better it but if you are happy with something lower just getting close to the offer might do. Job satisfaction counts for a lot. A lot van also be said for honest upfront people and apart from the good job you did, you probably had a very good work relationship at the previous job. If that is anything to go by, I would guess you have just as good a relationship with your current employer. If this is true and I were you, I'd approach your current employer... they might even surprise you.
 
I have always said I will never go back to a previous job because there was a good reason for leaving in the first place, maybe it was because of the moron that p*ssed on the toilet seat and blamed it on you once or the manager that is so far up the bosses ass you feel like puking every time 'it' talks. Clearly you haven't burnt your bridges so it was an ultimately an amicable split by the sound of things.

Then again it's 25% more money and bonuses so I say go to your new boss and say your previous company has offered you 25% more money to go back plus bonuses and you could really do with the money but you love your existing job. Maybe he offers you more money and you can stay, if not you've got another one lined up.
 
Go for the money and the financial reward. The older you get the more important financial stability becomes. Get that debt sorted out as quick as possible.

I'd kill for a 25% increase on what I earn now.
 
Not sure what you mean by "basic" work. You need to have a outlook of the next 5-10 years.

Sure the 25% increase is great but will that sustain your job/skills growth over the next 5-10 years compared to where you are. Will you end up in a position where they can find a younger recruit to do the same and say cheers to you because you are now "expensive". What was the Old companies policy on increases? They may not offer you any over the next year cause you already came in at a higher rate. Clarify all these and make a chart of how things would look like over the next 5 years.

I would suggest you consider all these points and then take a decision. Good luck
 
You are very fortunate to be in a no lose situation.

Take the deal to your current employer and tell them that you don't want to leave but simply can't let this offer pass you by.

If they march it awesome. If they don't, off you go.
 
Go back. If you say the old job is basic then chances you exceed your kpi are good. So good performance bonus too. More money to help your financial life
 
in all this....

It is very important that you tell your current boss that you were not looking, but that you were headhunted.

There is a difference as to how bosses view those.
 
I think you need to look at the bigger picture, which is your career path. The reality is that you cannot ignore your situation but you also cannot ignore your career.

You would be going back to an old skillset which you do not want to use anymore. You want to grow and sharpen your new skillset so that you can use those skills going forward, eventually earning more money from them. If you go back to this previous job, you will kill that development and those skills will atrophy. You will wake up in 5 years time even more trapped than you were before you moved to your current job. As your earnings increase, so will your expenses, and one day you will find that even if you want to move, you will be unable to due to financial reasons. Yet every day you sit at work and hate it.

So, the only way I would do this move is if you had a frank discussion with your old company and tell them what your career goals are. Set deadlines and targets for certain things. They need your help with your old skillset, but that is only a short term benefit for you, financially. Tell them that they need to move you to a new line of work or otherwise it is just not worth it for you.

I also would not take this offer to your current/new employer. They are paying you for what your new skillset is worth, not your old skillset. If it I were your employer, and you had just started working for me and now wanted a massive raise for something you aren't that skilled in, I would tell you to take the offer.
 
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