This may seem a silly question to many, but would you leave a job you’ve been at for 10+ years and grown a team to take a 50% plus pay increase elsewhere? The new company is reputable, but the division is new so there’s risk there. Current position is hybrid with 10+ direct reports, and new position would be fully remote work with no reports. I know my current employer would never terminate me, but you never know with a burgeoning segment of a company where no one really knows me.

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Posting as :
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i would. see if you can negotiate a nice severance package, too for peace of mind.

you’d be starting over as the “new person” so that feeling of comfort at your current job is understandable. but if you’ve been there 10+ years with that kind of track record and are seeing roles that are paying 50%+ more, seems like your undervalued. That amount seems worth the jump to me.

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F... USING METALO CE YOLO ICERRE...,&-*) ;)

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There’s risk everywhere

likesmart

True enough. Duly noted.

Sometimes money isn't everything. Will the new job be 7 days a week 20 hours a day. I took a lot of risks in my career and most of them didn't pan out. If you like what your doing and management likes you back stay for the security in today's world is my advice

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6 figures is a BIG difference. Hard to know what you’re getting at a new place, but the hours should consistently be within a 40 hour work week except when business travel is needed. I don’t know how I can leave that sort of money on the table in truth. Money isn’t everything, but it will make a big difference in my family’s well-being.

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That's a lot to think about. My first instinct would be to stay in the stable environment. On the other hand, a 50% increase and working fully remotely is a very attractive deal. Maybe I'm just cynical, but it almost seems too good to be true. And you could wind up adrift if things don't work out. I'd be very wary of taking that deal, even though it does sound good.

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You and I are on the same page. It’s a very tough choice, but I didn’t even mention that the new position also includes equity and potential for a substantial annual bonus if certain revenue metrics are hit. If everything works out as projected, annual compensation could be double current pay. Opportunities like this are certainly not a dime a dozen. It’s going from a smaller company to a much larger one, so I attributed that to the ability to offer such an attractive package.

This isn't an answer, but advice. Makes a pros cons list, and run the decision process ten times in your head over a few days. If you keep coming up slightly one way, then that's the answer. If it's an even split, then you need to focus on the risk/reward analysis next.

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This put things into perspective. The fear of leaving the known for the unknown is my biggest issue, I’m afraid. That is just part of life. Take the leap!

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Lots to think through, but in a good way!
Has the new place given clear 30/60/90 day expectations? Do they (and you) know what they need you to start tackling day one (and are they aligned). One thing that stick out was having no direct reports. Will you be hiring them? Will you have time/help/budget/authority to make hires? Otherwise it may be more pay but at substantial more time investment. Good luck!

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Great questions. I think I’m pretty well aware of the items they’d like me to initially tackle, and I think I’m equipped to handle that (maybe not with ease but successfully). My position won’t have direct reports for the immediate future. I’d act as a liaison between various internal staff members and outside vendors. So, my role will require a lot of effective communication but no need to oversee others and get involved in the inevitable drama that accompanies managing others.

“My current employer would never terminate me” are famous last words.

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Reminds me of my previous creative director who worked for the same agency for almost as long as you, also had a few direct reports etc. That CD moved to another 'reputable' agency for bigger money, only to be let go less than 10 months after. I heard they regretted leaving and that the grass is not always greener on the other side lol. It's a tough choice though. We can never know.

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Definitely a valid concern. It’s one of the reasons I am quite torn. There’s a lot of stability where I am, but that sort of increase in pay is tough to ignore.

So what did you end up doing?

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No, why take the risk? Money isn’t everything

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I took the job. It’s forcing me to stretch myself and develop knowledge I am lacking. Staying where I was allowed for comfort, but it didn’t allow for growth. So far, so good.

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Is the 50% increase “life-changing” money for you? If so, it might be worth it.

It could make a pretty big difference in my ability to retire at a reasonable age and get my kids’ cars and pay for their college educations. It’s over $100k gross salary increase.

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✊💲+🏃‍♂️

I think of it like a risky investment - higher risk, higher rewards. Do you have a 1 year+ emergency fund to fall back on if it doesnt work out? If you do, and you are good with the risk, then go for it. You miss 100% of the shots you don't take.

Personally, I would probably go for it, if I was in your shoes. Just make sure to do your hw on the company, growth trajectory, financials, employee hc growth over time, TAM and market positioning, etc.

No risk no reward i left job to make 40 percent more well worth it worst come try go back

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