Leaving a company that I like for more money

Software Engineer wrote:

I have been a software dev at my current company for 6 years but am only getting paid about $80,000. I love the culture and place that I work but they are very profitable and haven't shared that profit with the devs. I have friends at another software company in the same area and they are offering me $120,000 a year to join them. While they really like working at their company, it doesn't sound as great as my current company. I am also not as interested in the software product that they are building. The extra $40,000 feels like it could go a long ways though.

Would you take a $40,000 raise to leave a place you really enjoy working for a place that sounds just ok?

Take the $$$ and buy some jet skis. My cousin randy just got one. It is wicked

Disco Dan wrote:

Take the $$$ and buy some jet skis. My cousin randy just got one. It is wicked

Good advice. Everyone's obsessed with saving money these days. What are you going to do? Save the money like everyone else? If you're not going to spend the money, stay in the current job.

Otherwise, buy a jet ski, buy a pool table. Live a little. Take a contrary view.

Spend some money, help the economy. wrote:

Disco Dan wrote:

Take the $$$ and buy some jet skis. My cousin randy just got one. It is wicked

Good advice. Everyone's obsessed with saving money these days. What are you going to do? Save the money like everyone else? If you're not going to spend the money, stay in the current job.

Otherwise, buy a jet ski, buy a pool table. Live a little. Take a contrary view.

http://www.businessinsider.com/millennials-saving-twice-as-much-as-baby-boomers-2017-10

Finally, someone gets it! I haven’t saved a dime and I am happier than most of the people I know.

How secure is the better paying job, would you have to relocate. How much more OT. How about the commute.

Newsflash:

Your current company doesn't care about you or your family no matter how much they gladhand you. Paying you 40k less than a local competitor only reinforces this. They won't miss you when you're gone and you shouldn't think twice about leaving.

Jessen jeffla wrote:

Newsflash:

Your current company doesn't care about you or your family no matter how much they gladhand you. Paying you 40k less than a local competitor only reinforces this. They won't miss you when you're gone and you shouldn't think twice about leaving.

Deep down, the OP knows this. Here's his quote:

but they are very profitable and haven't shared that profit with the devs.

He doesn't just say profitable, he says very profitable. End thread.

op youre a crappy negotiator and need to be paid way more. now. not later. talk to your boss and be firm but fair. if he cant come up with a really solid counter, take the other job.

even if new job isnt perfect. youve moved WAY up and can move laterally or up again and try and diff company.

your boss is playing hardball and 40k less is absolutely absurd. ridiculously...shamefully..absurd. how you could even be thinking so much about staying is moronic.

any person on the planet would take a 50% pay jump at a good company.

I've experienced what you're going thru at least 4 times in my career...retired at 55 y/o, 6 years ago. Never looked back. Take the challenge. Your current employer will never match the offer on the table.

Give your notice. Tell them why you're leaving at exit. Don't accept counter offers. Be a professional throughout the exit period.

Best of luck.

new job unless money is no object to you.

You’re underpaid. They knowingly underpay you after 6 years. That should give you an idea of what your next 6 years will have in store for you there.

Tell them you need the offer matched. Another $40k is not that much for an engineer. If you’re any good it’ll cost a lot more than that to replace you.

Ignore all of this advice if you’re a terrible dev and are making 80k while doing nothing.

The dystopian absurdity of your salary(ies) makes put puke it my mouth and spit it out.

80K sounds extremely low to me for someone who's been in the industry about 8 years, assuming you started out of college. Obviously, there is a lot of variation in how much software devs get paid, but unless you're living in the middle of nowhere, that just seems crazy low.

If you've been with your company for a while, it's probably time to leave anyway. Assuming you're in a major metro area, you should do a search and look around at the options. Don't limit yourself just to your current company and the 120K place.

I'm a mother of two, and my husband's salary allowed me to take a year off after both my kids were born. That was good for me, good for the kids, and good for him (since it was just easier on us when the little ones were tiny to not both be working). I know lots of women prefer to work, but if you don't want to work leaving your 3 month old infant would be the worst thing in the world.

Software Engineer wrote:

I have been a software dev at my current company for 6 years but am only getting paid about $80,000. I love the culture and place that I work but they are very profitable and haven't shared that profit with the devs. I have friends at another software company in the same area and they are offering me $120,000 a year to join them. While they really like working at their company, it doesn't sound as great as my current company. I am also not as interested in the software product that they are building. The extra $40,000 feels like it could go a long ways though.

Would you take a $40,000 raise to leave a place you really enjoy working for a place that sounds just ok?

It depends on the cost of living where you live. On average in the USA though, happiness no longer increases as your annual income goes above $80,000. Therefore, I'd say stay at your current job. You spend so much time at work, so you might as well enjoy what you're doing. You already make plenty of money so you shouldn't have any financial issues to worry about unless you're really bad at managing your personal finances.

unless you are really high up in the company, moving around after an obligatory year to 18 months looks good on the resume, builds experience, and keeps you sharp. IF you are underpaid at your current job and you're hunkered down for years, that does not speak well career wise.

I don't know anything about your particular field, but in professional careers, this would hold true.

So, you aren' excited about the new job company. Get over it. That's a significant bump in pay. And even if it weren't, it sure sounds like its time to be moving on, for at least some reasons.

I just did that, switching after 5 years.

Was extremely transparent throughout the process,

had addressed certain imbalances last October,

they were still dormant in December,

so I signed a new contract in January.

Slightly higher base salary,

20 hours less to commute per week,

and nice colleagues with a product just gaining traction in 2017+.

All set up for a new slingshot restart, career wise.

If you stay even longer in the same role you run into the problem of being an one trick IT-mule.

Danger, Will Robinson!

Yes, I encourage you to take the Senior dev position. Because after these years you have that in you.

Don't run 100m per week and never register for a marathon!

Update:

I posted this thread before I actually had the offer, knowing I would get one and would have a decision to make. I now have the offer, the company offering really really wants me. During the interview process I've been trying to negotiate a promotion for a senior position with my current company, it seems like they are very afraid to lose me but a lot of politics start to get involved when you are talking about a greater than 20% raise, I will likely find out soon where they are at. I think my current company will offer me about a $20,000 increase to stay.

Here are the pros of the new company:

- $40,000+ raise (Though my current company could give me a $15,000 to $20,000 raise soon)

- I really like the people at the new company, I already have a few friends there, my potentially new boss seems great and I connect with him well.

- Unlimited PTO (with some boundaries obviously)

- Senior title and more of a leadership role

- New experience

- They really want me there, have been trying to do everything they can to get me there

Cons of new place:

- Their product is pretty boring compared to the one I work on now.

- The current product I work on is used by a ton of people, the new product I would be working on is used by no one.

- New company functions like a startup, they are making a lot of money but are constantly changing directions, I have no clue if the product I work on will still be a product in 5 years.

- Parking at the new place is horrible and I would likely have to take the bus

- New place isn't as runner friendly as my current job but is still in a decent running area, but my current job has tons of trails around it and we have a gym with treadmills.

Neutral

- A lot more lunch options at new place but they are on the more expensive side

- I have more people to learn from at my current job, but more people that can learn from me at the new job

Right now my decision is almost all based on what my current company decides to do. If they can get my salary up to $110,000 then I think I stay. Anything under $100,000 and I will leave. Not sure what I will decide if they offer me something in the 100 to 110 range.