WWYD Job Related

[RNlovesWDW]

Hi Dis Family,

I need some advice. I will be finishing up grad school this year and my current job has been on a hiring/promotion freeze for the last year and a half. With graduation coming up, I decided to start looking for a higher level job at another company. Well I landed a job with a salary increase of approx $7000/year. I turned in my resignation today. Well, my current company counter offered with a promotion and a $8000/year salary increase. I was told about a month ago that this was "not a good year for promotions". I am not sure what to do, I like my current company and only started looking elsewhere because I was not progressing career wise. Honestly, it feels a bit shady to me, nothing has changed in the last month, Why did I have to turn in a resignation letter to be promoted? Not sure what to do, I told them to give me the night to think about it.

Any advice would be appreciated!

 

[firstcruise]

If it were me I wouldn't over think it at all. Clearly, they like what you bring to the company and they want to retain you, giving the promotion and raise was the only way they could achieve that. So, while the company line may be no promotions there are always exceptions. I have a hard time believing that the promotion and raise wouldn't be forthcoming at sometime in the future, but during these rough times, trying to rain in labor costs is a smart thing to do. Retaining top talent is even smarter even if it costs the company more each year. Sometimes it takes a resignation letter for your employer to realize that "now" is a good time to recognize the work you are doing.

If you like the job, like what you do and enjoy your co-workers I would stay put. The grass isn't always greener on the other side. I left a job after 14 years that I absolutely loved, only to have the new company eliminate my position 15 months after I was hired. So, even though the raise was nice, to lose my job and the subsequent 1 year of unemployment wasn't worth it.

That was 5 years ago, but I was lucky enough to find another job that I love again.

 

[homedad]

if you were worth that much to them they should been paying you all along, I have had that happen a couple time when better offers came and I never stayed. I always felt that if I was that valuable why did I need to leave to hear it. FWIW i also have a grad degree.

 

[phamy76]

The company you are at likes your work and wants to keep you!
That is the good news.

The bad news is, if you don't see yourself moving ahead in the next few years, what did you gain?

 

[LovableGluttons]

I would not stay either. If they weren't willing to pay you enough to keep you all along, your talent was not appreciated in the way it should have been.

It does take money to keep talent. It also takes money to hire talent and keep them from the start!

 

[prncess674]

Did you speak to anyone above you about promotions and job options before looking to jump ship? You mention grad school, does this degree directly relate to your job? Personally it sounds like 1K more is not much of a wooing. They are doing the absolute minimum to keep you.

Do you like your current employer? Have you talked about your career's future if you were to stay and take the company promotion? Money is one thing, but you need to work on mapping out your future.

 

[leadfootlevi]

You turned in your resignation letter - it's a done deal as far as I'm concerned. Your loyalty will come into question - it might not happen today, but as long as any members of your current management chain remain, they will always have that in mind when giving out promotions, raises, or pink slips.

 

[Kathi OD]

My husband has a motto that he uses in this type of situation. "You don't stay for cheap." He just gave this advice to a co-worker in the same situation and he was able to negotiate an increase of just under $15,000/year.

$1000/year more than the new firm is cheap, especially since they know your work ethic. It's less than $20/week more than the other company, who really know nothing about you is willing to pay. I'd be making a counter offer and it would be at least $5000/year more than the other company is willing to pay. They might turn you down flat, might counter your counter. But no way would I be staying for less than $20/week somewhere else.

 

[LovableGluttons]

My husband has a motto that he uses in this type of situation. "You don't stay for cheap." He just gave this advice to a co-worker in the same situation and he was able to negotiate an increase of just under $15,000/year.

$1000/year more than the new firm is cheap, especially since they know your work ethic. It's less than $20/week more than the other company, who really know nothing about you is willing to pay. I'd be making a counter offer and it would be at least $5000/year more than the other company is willing to pay. They might turn you down flat, might counter your counter. But no way would I be staying for less than $20/week somewhere else.

 

[RNlovesWDW]

Hi everyone,

Thanks very much for the responses, I will try to answer all the questions.
I have discussed my long term goals with my manager and director over the last year and they have stated that I am next in line for a promotion. Well two promotion cycles have gone by (my company only promotes twice a year unless it is business critical) and no promotion. My graduate degree is in Healthcare Administration so yes, it does apply to my job. The counter offer I was made is not only a promotion but also the opportunity to develop and manage a new division within our department. The director has discussed this with me previously. She stated some time ago that I was the ideal candidate for this but the division has only very recently been approved. Honestly it feels wrong to ask for even more money at this point as that was not my motivating factor for leaving. I feel very appreciative that they valued me enough to make a counter offer in the first place. Long story short I still have not decided what I am going to do and asked for more time to think about it. I really appreciate all the advice! Thanks so much!

 

[bdcp]

Counter offers used to be very common, now maybe not as much, but there's absolutely nothing wrong with either decision you make. Just because you turned in a resignation letter doesn't mean you have to leave. It's still your decision.