Let's say I'm doing fine in company A, the company is not doing the best but get by, people are OK. You are ok with the pay, life is ok as long as you are not a stressed out manager.
Someone from your old workplace (company B) 10 years ago ask you to join, you are bored so you go for an interview and they seems to be impressed, and understand that you are ok where you are but if the opportunity is right you may join. You ask for 25% more in company B, they offer you 13% more and say this is as high as they can give (you also get a level / title increase). You are debating whether to join or not.
Let's say you previously worked in company D for 7 years and then jump to company C for 1 year, you left company C because it is a sweat shop and have been with company A for exactly 1 year, with a 10% pay cut. Your are doing OK so far and your original plan is to stay for 2 more years before switching elsewhere (jumping too often does not look good).
If you are staying in company A:
Your life is a bit more relax, you have less of a learning curve, you get paid slightly less
The HQ is a bit bossy and your management is under constant cost pressure
May have a bad reputation because good people are leaving, attrition rate is high
You don't get a jumper reputation, people will think company C is the problem instead of you
The company only has 1% market share because of upper management problem
You are already at the top level without being a manager
Free lunch, good medical plan
Private company, no stock plan
If you jump to company B:
You get a 14% pay raise
You know the company is doing well (10-20% market share)
You know you can grow further (you have 1 more level before you max out)
People may think you are a jumper (2 recent job switch with only 1 year tenure? Did he get fired? Is he that bad?)
No free lunch, ok medical plan
Public company, stock plan like RSU and ESPP, this alone may push that 14% raise to 25% if you are lucky, or to 5% if you are not.
Long term goal is probably switching direction. My industry is stagnated because most of the money is made by our customers. My original plan is to study and switch into the customers' field and grow. If all goes well that can increase my pay in the long run by 50-100%, if didn't go well I should at least make what I'm making now.
Current pay is low 200k / year.
Someone from your old workplace (company B) 10 years ago ask you to join, you are bored so you go for an interview and they seems to be impressed, and understand that you are ok where you are but if the opportunity is right you may join. You ask for 25% more in company B, they offer you 13% more and say this is as high as they can give (you also get a level / title increase). You are debating whether to join or not.
Let's say you previously worked in company D for 7 years and then jump to company C for 1 year, you left company C because it is a sweat shop and have been with company A for exactly 1 year, with a 10% pay cut. Your are doing OK so far and your original plan is to stay for 2 more years before switching elsewhere (jumping too often does not look good).
If you are staying in company A:
Your life is a bit more relax, you have less of a learning curve, you get paid slightly less
The HQ is a bit bossy and your management is under constant cost pressure
May have a bad reputation because good people are leaving, attrition rate is high
You don't get a jumper reputation, people will think company C is the problem instead of you
The company only has 1% market share because of upper management problem
You are already at the top level without being a manager
Free lunch, good medical plan
Private company, no stock plan
If you jump to company B:
You get a 14% pay raise
You know the company is doing well (10-20% market share)
You know you can grow further (you have 1 more level before you max out)
People may think you are a jumper (2 recent job switch with only 1 year tenure? Did he get fired? Is he that bad?)
No free lunch, ok medical plan
Public company, stock plan like RSU and ESPP, this alone may push that 14% raise to 25% if you are lucky, or to 5% if you are not.
Long term goal is probably switching direction. My industry is stagnated because most of the money is made by our customers. My original plan is to study and switch into the customers' field and grow. If all goes well that can increase my pay in the long run by 50-100%, if didn't go well I should at least make what I'm making now.
Current pay is low 200k / year.
