My friend has received two job offers and is contemplating whether to accept a pay rise now or wait for a larger one promised later this year. Would you prefer a modest increase immediately, or would you rather gamble on a more substantial raise down the line? I'm keen to hear your thoughts and suggestions!

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This might seem like an unpopular opinion but I would probably do both. Modest increase now that's guaranteed and then I would take the job offered later in the year for even more money. Who knows what could happen, the later one could fall through.

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That’s a fair point! Taking the modest increase now offers security, while the bigger paycheck later is tempting. It’s definitely wise to hedge your bets!

I'd choose the increase now. I haven't had good experiences with vague promises of raises and advancement. Put the money on the table right now and we have a deal.

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I completely agree! I’d choose the increase now too. Those vague promises can be unreliable. Better to have the money in hand than risk it later!

If I were in your friend's shoes? I'd almost always take the modest increase right now over gambling on the bigger one later. Promises of "substantial raises down the line" sound great in a meeting, but life (and bosses) have a way of throwing curveballs when it comes to budget cuts, new priorities, "things are tight this year," or even the person who promised it leaving the company. I've heard way too many stories where that big raise never materializes, and then you're stuck kicking yourself for passing up guaranteed money. The immediate bump means cash in your pocket TODAY (bills, savings, a little breathing room, or just treating yourself without guilt).
It sets a higher baseline for future raises (percentages are often calculated off your current salary).
Peace of mind to know you're valued enough to get something now, rather than waiting and wondering.

I totally agree with you. It’s better not to gamble and take the offer now since we can’t predict what will happen in the future.

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