As a seasoned professional, you have probably faced the dilemma of whether to stay in your current role or make a switch to a new company. This is a difficult decision that requires careful consideration of your current situation and future goals.
Recently, I received a query from a friend who works at a large consulting firm and was offered a new job with a 40% salary increase. The person asked for advice on whether to take the new job or stay with their current employer. Here is my advice on this scenario, based on my personal experiences.
First and foremost, remember that you are the one responsible for your own interests. You have a duty of care and confidentiality to your current employer, but you don’t owe them loyalty.
“My manager helped me get promoted. Will it leave them in the lurch if I take the new job?”.
Assume you decline the offer and stayed. But, keep in mind that your manager could leave the company at any time. Now what? Prioritize your own needs before helping others.
“What if I receive a counter-offer that matches the new job’s offer?”
Don’t accept it. This could burn your reputation and make you look unprofessional. If you had to get another offer to be paid your market rate, this is a sign that your current company wasn’t valuing you enough.
“What if the new company turns out to be a bad fit? I’m comfortable in my current role and with my current team.”
Remember that you have the skills and experience to find another job. That’s why you landed this offer. You have the ability to interview well, and you can do it again.
“But if I stay I may get promoted in a couple of years.”
Consider that leaving can bring you new experiences, money, and a fresh perspective. And, you can always return to your current employer at a higher level later.
Finally, take a moment to consider why you interviewed with another company. The answer may not be solely about money, but if it is, that’s okay. If it’s the work culture that you don’t like, keep in mind that a promotion or raise won’t fix that.
Make sure you weigh the risks and benefits of both options carefully. Take control of your career and make a decision that will benefit you in the long run. Remember, you have the skills and experience to succeed no matter where you go.