Would you take a lateral offer if the pay is flat but the benefits are a huge upgrade? My current firm’s retirement match is tiny. This new offer has a much better 401k and cheaper premiums, so my TC would definitely go up. It feels like a smart move for the long run, but I'm hesitant to move for the same base pay. What would you do?

like
Posting as :
works at
You are currently posting as works at

Yes, you are always valued more at a new company. The initial pay may be flat but the potential is higher. Plus the 401k match is an immediate pay increase.

like

Agreed with K1. Also moving laterally as a senior isn’t the best move. You’d essentially start back as a senior 1 since you have to learn how the new firm works. You can probably get 20k increase in salary to hop, but lower annual raises afterwards for your peers to catch up. Think about how much you’d give up in compensation if you stayed at your current firm and got promoted to manager in 2 years vs. 3-4 at a new firm with minimal raises and at the bottom of your level since you have no connections and nobody fighting for your promotion.

like

I would seriously consider it. People fixate on base pay, but benefits are real money. A stronger 401k match compounds for decades. That is future you getting a raise.

like

I would not do lateral just for the benefits, unless (1) you're unhappy at your current place (2) the change in your cash flow due to the cheaper insurance is material.

like

True

I disagree and think staying long term at your current company where you have connections, know the programs/software, and can move up and get promoted is worth more than these fringe benefits.

You can’t access your 401K for a while and health insurance premiums are up across all firms so I’d focus more on trying to get promoted and get more pay.

like

Related Posts

Hello fishes,

Can anyone reffer me for SOC Analyst?

I have an offer from E&Y.

Just resigned!!! So happy to move on from the bad situations I was in at Deloitte. Going to a well established fintech startup. Almost doubling my base salary. So excited for something new!

likeupliftingsmarthelpful

Any MBB/strategy consulting folks open to referrals? Can give one in return

like

How do you deal with a boss that wants you to quit and is becoming increasingly more abusive. But you haven’t found a job yet and need this job financially.

like

Anyone at MBB looking to make a referral?

funnylike

I am a Technical Project Manager and Certified Scrum Master with cloud computing and migration experience. I am looking for referral primarily in Atlanta, GA but will also consider remote elsewhere.

like

Cushman & Wakefield Interested in a Sales Associate position at Cushman & Wakefield. I have experience as a government analyst for 7 years but nothing related to commercial real estate. I want to become a more competitive applicant but not sure where to start. Are there any certificates, skills, or knowledge that I should be learning in my free time?

like
like

Colleague in the office introduces himself. I introduce myself. He responds "Oh, I've heard your name a lot around the office. You are the one that does all the work on the team" ⛓😓⛓

like

Any good bottomless brunch recommendations in manhattan?

like

EY Hi All, I need your help, i joined Accenture on july 2021,so previous i am not eligible for hike but just before few days my manger told me they gave me, Hike :21% vp:8% with no promotion, they will give promotion in March cycle. Bas ye batana mera kata ya sahi mela😂Accenture

like

I got the job! but the new gig requires relocation... Terrified about leaving NYC, but ready for a new chapter.

like

Chevy work is unwatchable. And the money they spend on production for this work is unconscionable.

like

Any recommendations for websites that will fax a word doc for free, without making me sign up for a membership?

like

Need help on getting a answer where to go with below companies with good work culture and peace of mind.

like

I was interviewed for a perticular customer, which went well and also received an offer. Few days before of my joining date, i came to know that the technology stack from customer got changed and customer had no requirement for which i was hired. However parent company still hired me and now they're in process of allocating me in some other clients. Sometimes i feel insecure about this situation. How to cope up with such cases?

like

Hi guys, one of my friends bought a house recently in NY and I am looking to send him a gift for his new home. What could be some of the gift options? Can anyone share some ideas?

like

Hi All,
If anybody needs scaler academy referral, please free to ping me. You will get 10K discount.

How do you spend your precious unwinding time after work? I love binge watching tv shows but realize it’s probably not the healthiest way to wind after a stressful day. Anything fun / low stress yall do?

Note; working out is not a relaxing activity for me so don’t even start with that. Also I am single and have no kids so ..

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal