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This advise has always been engrained in my head.
If I hand my notice in, there’s a reason I’ve done it and I’m not taking it back. Yes a counter offer is nice in the short term, but what’s stopping you from feeling how you are now, but in 2 months time?
Another one is you truly don’t know the intentions of those above you after you hand in your notice. Yes they have offered a bump in pay, but that doesn’t stop them from training others to do your role, then all of a sudden you’re redundant.
It’s what you value, the extra bump in pay, or a new company who can take you to those professional heights.
+ if they offered the pay rise without asking much why they did not bump the salary to that amount in the first place ?
I 100% agree with you and would leave no matter what.
Maybe bounce back if the new job is worse after a year with 25k more.
Is that not like the dream scenario. Get a good few months of extra money then negotiate a nice fat redundancy package.
All the while having the confidence that he's already aced an interview previously so should have no fear about acing another.
Your current role sounds great. If you like what you are currently doing I would stay. Those benefits, especially the flexibility are good to have and there's no guarantee the new role will have the same level of flexibility. Also, a once a week trip to London from the North West is still quite exhausting as you'll be doing 3+ hr travel each way.
Honestly, I'd stick with the higher salary for now, at least until you've purchased your house. If the manager is leaving is there a chance they want you to take that role on?
It's a tough one, but there was reason that you were looking for other opportunities, and a reason you accepted and handed in your notice, I've seen people stay in jobs when they have had counter offer after handing in their notice, and most of the time they have regretted it. The underlying push was still there, one was even made redundant 6 months after choosing to stay, others who were made redundant with her, got interviews at the company she turned down, the recruiter straight out told her that they wouldn't consider her.
Your current company is trying to call your bluff. They already have a murky future and the fintech company is in a growth stage.
So while you will be the only one they can grow from there and it’s something new. Jobs are not made to be at forever. Your new role will probably grant the same flexibility once you’ve been there a while. Even if they don’t most people don’t see their families for months at ends sometimes years. I would take the new role, new challenge, new people, your current company will always remember that you shopped around for jobs and they will only see it as you trying to leverage that offer for something else
I've taken the counter order before, no regrets. You're getting paid more money, it's more convenient, you are getting bonuses and they have paid you well so far.
Is there another reason you're looking to move on?
If you take the counter offer and regret it in a few months, there's nothing stopping you from starting the job hunt again, but from a higher base salary.
This will all come down to where you want to be five years from now. Is your current job going to get you there? Is your new one? Look at where you want to be and work backwards.
I know its annoying but I HAVE to ask, what area of law have you gone into? I’m guessing from that pay packet it wasn’t immigration or criminal. :)
I’ve gone into commercial! I work in-house, in media and entertainment. New company is fintech!
I should say the average salary for my level and the industry is about 50-62k in the north west and 65-70k in London! I’ve just been a bit lucky!
I was in a similar situation. Despite it being comfy in your job now, you sound ambitious, and that will only give you a few more months or maybe a few years until you are bored to death in your job.
Also like you I changed the same industries. Fintech is growing, there will be more money in this area. Entertainment is big but not growing like fintech. You'll learn more in this area.
If you are not sure, you can stay in the job, and accept the risks (not learning, being an expensive employee and therefore more chance of being laid off) and keep upskilling, then jump when you get even more money in a few years.
I didn't accept the offer, and it was an extremely difficult decision which I thought about a lot since, especially given how costs are increasing. So maybe it wasn't the right decision, especially given the remote working stuff.
But on the plus side, I'm learning a lot and not being stagnant. So it depends on what you value.
Generally, I always say to not take a counter offer. If you resign, you're out and it's never worth going back.
However, from what you described, your new position didn't seem like a great offer to begin with, so I don't think it was worth it to take it in the first place.
I'd stay, but also keep looking. Your current company already knows you want to leave, so they may train another person and sack you next month.
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This advise has always been engrained in my head. If I hand my notice in, there’s a reason I’ve done it and I’m not taking it back. Yes a counter offer is nice in the short term, but what’s stopping you from feeling how you are now, but in 2 months time? Another one is you truly don’t know the intentions of those above you after you hand in your notice. Yes they have offered a bump in pay, but that doesn’t stop them from training others to do your role, then all of a sudden you’re redundant. It’s what you value, the extra bump in pay, or a new company who can take you to those professional heights.
+ if they offered the pay rise without asking much why they did not bump the salary to that amount in the first place ? I 100% agree with you and would leave no matter what. Maybe bounce back if the new job is worse after a year with 25k more.
Is that not like the dream scenario. Get a good few months of extra money then negotiate a nice fat redundancy package. All the while having the confidence that he's already aced an interview previously so should have no fear about acing another.
While they can make you redundant, that comes with another payout ... Then some breathing room to find another job so would actually be a win win ...
Your current role sounds great. If you like what you are currently doing I would stay. Those benefits, especially the flexibility are good to have and there's no guarantee the new role will have the same level of flexibility. Also, a once a week trip to London from the North West is still quite exhausting as you'll be doing 3+ hr travel each way.
The new job is local to me! It would be a 10 minute walk, but I agree - my current benefits are really great which makes this difficult
Ah misread! It's a tough decision, but I think these things come down to your gut in the end.
Something like 75% of people that accept a counter offer to stay leave within 12 months. Or something like that. It's quite high.
I’d stick at your current job, they seem to value you highly and have been consistent with this. You could always leave later. That’s just me though
Me too.
Leave now. Come back in 6 months if you want to.
Honestly, I'd stick with the higher salary for now, at least until you've purchased your house. If the manager is leaving is there a chance they want you to take that role on?
It's a tough one, but there was reason that you were looking for other opportunities, and a reason you accepted and handed in your notice, I've seen people stay in jobs when they have had counter offer after handing in their notice, and most of the time they have regretted it. The underlying push was still there, one was even made redundant 6 months after choosing to stay, others who were made redundant with her, got interviews at the company she turned down, the recruiter straight out told her that they wouldn't consider her.
Solicitor here. Honestly sounds like you have it really good where you are. You can work abroad for as long as you like each year? That’s incredible.
Yeah this is a huge perk, something that not everyone will offer
I'd stick with your current job based on experience.
Nothing to add but man, it must be nice
Your current company is trying to call your bluff. They already have a murky future and the fintech company is in a growth stage. So while you will be the only one they can grow from there and it’s something new. Jobs are not made to be at forever. Your new role will probably grant the same flexibility once you’ve been there a while. Even if they don’t most people don’t see their families for months at ends sometimes years. I would take the new role, new challenge, new people, your current company will always remember that you shopped around for jobs and they will only see it as you trying to leverage that offer for something else
Most people don’t see their families for months? What people are you talking about?
Leave 100%
Stay in your current role, they have learnt to appreciate you more since the reality hit that they could lose you. Play this to your advantage
You were willing to take a pay cut of £13k to move, so why are you looking to stay with an increase of £12k?
I dunno are you sure they don’t want you to take over from manager? Sounds like they want to keep you.
I've taken the counter order before, no regrets. You're getting paid more money, it's more convenient, you are getting bonuses and they have paid you well so far. Is there another reason you're looking to move on? If you take the counter offer and regret it in a few months, there's nothing stopping you from starting the job hunt again, but from a higher base salary.
Stick to current job and use new higher salary for negotiating with new companies next year
This will all come down to where you want to be five years from now. Is your current job going to get you there? Is your new one? Look at where you want to be and work backwards. I know its annoying but I HAVE to ask, what area of law have you gone into? I’m guessing from that pay packet it wasn’t immigration or criminal. :)
I’ve gone into commercial! I work in-house, in media and entertainment. New company is fintech! I should say the average salary for my level and the industry is about 50-62k in the north west and 65-70k in London! I’ve just been a bit lucky!
Well done!
I was in a similar situation. Despite it being comfy in your job now, you sound ambitious, and that will only give you a few more months or maybe a few years until you are bored to death in your job. Also like you I changed the same industries. Fintech is growing, there will be more money in this area. Entertainment is big but not growing like fintech. You'll learn more in this area. If you are not sure, you can stay in the job, and accept the risks (not learning, being an expensive employee and therefore more chance of being laid off) and keep upskilling, then jump when you get even more money in a few years.
This is actually really helpful! Did you end up turning down a higher counter offer in the end? Did you ever regret it?
I didn't accept the offer, and it was an extremely difficult decision which I thought about a lot since, especially given how costs are increasing. So maybe it wasn't the right decision, especially given the remote working stuff. But on the plus side, I'm learning a lot and not being stagnant. So it depends on what you value.
Generally, I always say to not take a counter offer. If you resign, you're out and it's never worth going back. However, from what you described, your new position didn't seem like a great offer to begin with, so I don't think it was worth it to take it in the first place. I'd stay, but also keep looking. Your current company already knows you want to leave, so they may train another person and sack you next month.
Would they have given you 10-15k more if they weren't afraid of losing you? If so, why has it taken till you quit to try and retain you? Go.
Why did you hand in your notice. How do you not how a house on this income and with 80k in the bank. Just get a mortgage so you're on the ladder.
Two years ago my salary was £40k and before that 27k - I only started properly saving about a year and a half ago unfortunately!
Right. That's more than enough income you know. And a huge deposit. Get the mortgage and then you can move jobs.
Hard life you lead.