03-02-2012, 12:55 PM | #1 |
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Should I negotiate some more? (Job Offer)
2 weeks ago my friend tells me his company is hiring. So I give him my resume, long story short I got the job. They asked me for a salary requirement and gave me an offer that is below my requirement but is about a 30% increase of what I make now. They pay 2/3rds of my benefits and only match 3%. The job is exactly what I want to be doing though. It's a small company so there is ton of opportunity to grow (and they have every year and give really good bonuses... 10% of salary). I told my boss yesterday and today they came with a counter offer, raising me 11% and reminded me of all the perks here (paying 100% of my healthcare, even when I get married in sept and have kids later on). They also said they would look for work that would more suite my passion. All things weighed up, it really isn't that much of a $ increase to switch jobs at their offer (a much longer commute for me as the new company is in PA and I live in NJ). Is it worth it to try and ask for a few more $ out of the new company? If they say no I could always take the 11% increase here and be happy. Any thoughts?
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03-02-2012, 01:12 PM | #2 | |
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I'd take the 11% increase at where you're at now and stick with it. If they match 100% of you're benefits and 25% of you're 401K you'd be dumb to leave. But that's my .02.
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03-02-2012, 01:52 PM | #4 |
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Yea, I agree, stick with where you are, especially if they'll pay %100 benefits for you and your family (one married, have kids, etc.). Not too mention the %25 matching is almost unheard of, yet an amazing bonus to have. And the fact that this company is in NJ (crossing state lines in a P.I.T.A.), closer to home, and offering you a raise to keep you, shows they're a good company.
My last job (which was a VERY small start up company, owners were dirtbags) when I told them I was leaving, they were actually mad at me and wouldn't talk to me for my last 2 weeks I was there. Never mind a counter offer to keep me, lmao.
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03-02-2012, 01:53 PM | #5 |
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Here is the thing... I have huge amounts of student debt so I can't put 25% of my paycheck into my 401k or I would start defaulting on my loans.
The bonus of the other employer is the ability to be working under PE's so that I can get my professional engineering license in 4 years. Both my boss and the chief operating officer told me that there will be no hard feelings at all and know I have to do what is best for me and my family but they both also said there would be the opportunity to come back as well if I went and got my PE. Basically I think the opportunity for growth and career pursuit as PE is better at the other place. They seem like the type of company that will push their employees so that you have all your own projects and clients and your own team. I think I could learn a lot there. But I'm really stuck.
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03-02-2012, 01:59 PM | #6 | |
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I might reply to the other company with the request of a better offer (knowing I can accept the 11% increase here and be completely happy). I have nothing to lose I suppose.
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03-02-2012, 02:32 PM | #8 |
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i say stay. even though you can't put a lot, if any, into your 401k right now, you will be able to later. being able to drop 25% instead of 3% when you have the chance will make up for more "lost time." also the 11% can be put straight into your loans. you also have to take into account the expenses of the longer commute and healthcare (esp when your wife gets pregnant), and more importantly, your time "wasted." would you rather spend 2-3 hours commuting to and from work, or spend them with your wife and child? they will go a long way as well when the kid has you up at all hours of the night just after it's born.
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03-02-2012, 02:39 PM | #9 | |
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03-02-2012, 02:48 PM | #10 | |
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I would stay at the first job... Second might be more beneficial at this second, but the first is way more in the long run.. Plus, seems like the first finds you pretty valuable.. Maybe the 2nd wont? |
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03-02-2012, 02:51 PM | #11 | |
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Now that you mentioned the whole PE thing at the other job, and how cool about the situation your current bosses are. I actually am switching my opinion. Go for the new role, get your license however you can, it will only help you in the future. Especially if you are able to leave go to the new place, and if for any reason the grass isn't greener, it's good to know you can come back to the current workplace. Like you said, nothing to lose in trying to ask the new offer for a little more compensation. If they resist, then you can mention that your current company has better benefits and offered you a raise to stay, they might then budge and work with you. Good luck with whichever you do, and keep us updated!
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03-02-2012, 02:54 PM | #12 |
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he is clearly happy. the only real problem is the work load is a little "light" to him. if you're not getting paid per job, don't worry too much about a relatively "light" work load. you won't get doubled down with projects, working nights, on-call weekends, spending a ton of time away from your family, etc., because you "want more responsibility" at work. if the company is doing well with the current workload and its not affecting you negatively, then why worry about it? if anything that sounds better because you can put more time into each case. better ideas, better results, better portfolio.
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03-02-2012, 02:54 PM | #13 |
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Since the interview the second company has seemed to be very interested in me (has stated their excitement in me joining their team numerous times). But yes, my current company does value me greatly. They even both stated the possibility of me returning later down the road if I decided to leave.
I am happy at my current job but it can be boring. The second company would have me constantly busy. I believe the better track to my career goal is with the second company. I emailed the guy who sent me the offer letter and listed the reasons (my current benefits, employer's counter offer) and asked if they could raise their offer any. If they can then it is a no-brainer for me. If they can't I still may go with them. If they decided I'm being a jerk and retract their offer well I can accept the 11% raise here and stay. I believe I am leaning toward the second company more but I would like to make sure it makes sense financially.
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03-02-2012, 03:12 PM | #14 |
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Wait wait wait wait wait.... The person who interviewed you, or is speaking to you, from the 2nd place, that you don't even work at yet, was talking about the possibility of you returning if you leave? That doesn't seem right....
And no offense, but any new potential employer is going to tell you how excited they are to have you on their team. When I was younger and worked at Target, they told me this too, lol. |
03-02-2012, 03:16 PM | #15 |
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Haha no, my current employer was telling me about the possibility of returning later, even if I leave now.
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03-02-2012, 03:31 PM | #17 |
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My apologies, the "both" referred to my boss and the C.O.O. both saying that same thing to me.
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03-02-2012, 05:06 PM | #18 |
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Tough decision man. I would go for the job that steer you towards the job you want in the future. I'm an engineer too and my company doesnt have the greatest benefits, but they have other things like educational reimbursement and stuff like that. The 25% matching on 401K is NUTS. I've never heard that before. Are your sure it's not they match 1/4 of whatever you put in? My company does something similar, they match 50% of what I put in (up to 8%).... Plus what does your wife (or future wife) do? I changed to my wife's awesome healthcare when we got married (she's an RN). Just something to consider..
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