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Hello All, I have one question. I was a fresher and joined one organization as external employee with third party payroll. I worked as external payroll for 1 year then I became permanent employee of organization was working. When i was a fresher my salary was below tax slab so my external exployer did not generate any form 16 for me. When tried to switch my new organization wants me to submit form 16 as BGC process. Will my offer get reverted?Cognizant Tata Consultancy HCL Technologies Accenture
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Good points of explanation
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Interesting. I had the same offer (except I’m moving from a small southern state to South Florida) in terms of pay/prestige jump (200k to 300k), and I decided to accept the offer. Of course, I’m still waiting for the nightmare that is conflicts check to end, but in my case it was a no brainer.
I assume if you’re getting that kind of comp jump, you are moving to a much more prestigious firm. In my case, I decided that I could always come back to my area if I wanted to, and that name on the resume will always be there. Depending on what practice area you are in, it may also open up incredible other options (in house, etc.) that likely wouldn’t be possible at a less prestigious firm.
However, I haven’t made the jump yet and I may regret it (especially because I have to take the bar again), but I would urge you to consider that you can always move downmarket but you can’t always go up. BD may also be easier with a big name on your resume as you can sell your “fancy experience” to clients in the future.
It is a scary move. If it doesn't work out, you will either get pushed out the door at the new jeob or have to try to find a new job. People talk on her like that is so easy to do, but in my experience it is extremely difficult to land a high paying job because of how competitive it is. You are competing with the best of the best. I am also in South Florida and was in a similar position as you. I left a firm that I was comfortable at and was a superstar at, to join a big law firm where I was a nobody. When I joined the big law firm, I told myself I could become a superstar there but quickly realized that no matter how well I did, the way the firm was organized and the culture there would not lend itself that opportunity for me. I would always be just a number and that is how the most successful partners were also viewed, just as a number. So I knew that long term that I would have to leave and figure out how to make the higher pay someway else because I didn't want to spend my life working in an emotionless place. From my experience, the majority of the South Florida big law firms are satellite offices with the exception of GT, HK and a few others so the offices have little to no workplace interaction. Everyone is spread out across the USA which I didn't think would matter. I was happy to work remote and felt that it worked well at my previous firm. But something is different about a satellite office. People seem to just focus on themselves and do not interact with eachother. Everyone is mostly working on matters that are originated outside of South Florida so there is very little interaction or growth at the firms. Isolated, honey are the words I can use to describe my experience. My biggest concern was how long I would be able to ride this out because I felt that I had little to no guidance or direction at the firm.
I was very nervous about it. I made sure to give plenty of notice and close out all my work appropriately. I also made sure to say a final goodbye in person.
I didn't sugar coat anything either. I was honest as to why I was leaving, but was still sincere about it. There is no easy way to do it, but you just have to pull the bandaid off.
How much could you increase your salary? What job market are you in?
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That's real money. Worth the risk, IMO. You can always move again.