Comments on: The Right Job – Turning Down a 30% Raise

By: writing2reality

writing2reality — Fri, 03 Oct 2014 15:34:58 +0000

Thanks! Glad you support the decision. Since that time I have actually switched jobs, as my new one was a clear winner using these metrics.

Appreciate you stopping by DR!

By: Dividend Road

Dividend Road — Fri, 03 Oct 2014 15:26:18 +0000

As some who recently changed careers I liked your criteria. Happiness and quality of life were most important but getting a 30% raise is also nice

By: writing2reality

writing2reality — Sun, 24 Nov 2013 02:38:28 +0000

You forgot? Didn’t you write a book about that…

I would think the traveling back and forth would have gotten old quite quickly, only compounding the uncertainty surrounding the other company. Ultimately, based on the little I know, I think you made the right decision. Your severance package was massive, allowed you to leave on your terms, and provide financial security to launch the successful business you have today.

Thanks for following up and for the continued discussion!

By: Sam Dogen

Sam Dogen — Sun, 24 Nov 2013 00:12:56 +0000

I forgot about my severance package negotiation. The answer is definitely NOT from my new firm since I would have no pull.

It was a risk I wasn’t prepared to take. I would have had to sell or rent out my house while spendig probably $3,500/month in manhattan. It may have been fun, or it may have been miserable flying back and forth from SF.

In the end, I probably would have moves if I knew the 2nd year spread was 150%, but only of I knew they would have paid the 2nd year guarantee. Catch 22. Don’t know what I don’t know!

By: writing2reality

writing2reality — Sat, 23 Nov 2013 15:44:00 +0000

I tell you this, if the numbers had been anywhere near a 150% raise, I would have been out the door and on my way. That being said, if the business prospects are poor and they are essentially a going concern, they can offer all they want, it isn’t worth it.

And was your decision really a bad choice? Would you have been able to get the severance package you desired, and actually received, if you had jumped ship to another company so close to when you actually retired?

Thanks for stopping by while on your offsite trip Sam!

By: Yakezie (@Yakezie)

Yakezie (@Yakezie) — Sat, 23 Nov 2013 15:37:05 +0000

I turned one down and I think it was a bad choice because I left corporate America 2 years later. It was also a 2 year guarantee although who knows whether they would have paid the second year because business was so bad.

The bump was 25% for first year and what ended up being like 150% for second year compared to my stayed salary IF they paid. Hence, not sure if it was a bad choice to stay. A 25% bump was definitely not worth it.150% is for sure.

Sam

By: Mid Week Money: PF Blog Round Up

Mid Week Money: PF Blog Round Up — Fri, 26 Apr 2013 22:44:30 +0000

[…] has an intriguing post on finding the right job and a scoring matrix to assist in the decision of evaluating that new job offer, beyond just […]

By: writing2reality

writing2reality — Thu, 04 Apr 2013 02:58:42 +0000

By far the toughest decision I have ever made in my professional career. For me the personality fit and the flexibility of my current position won out. Don’t get me wrong, the money would have been nice for sure, but just wasn’t enough to make the switch.

By: writing2reality

writing2reality — Thu, 04 Apr 2013 02:55:28 +0000

Incredibly difficult! In your situation I would simply advise you to step back and really break down the positives and negatives. Emotion is the enemy of good decisions. Certainly the additional money would be nice, but finding a good long-term fit including job security is a must!

Thanks for swinging by, and good luck with the decision!

By: cashrebel

cashrebel — Thu, 04 Apr 2013 01:35:32 +0000

Wow, it sounds like you’ve got some serious will power. I don’t think I could turn down a 30% raise if the job only lost to my current job by half a point. But it’s always good to know you’ve got options.