Submitted by EdensGarden22 t3_yaoh9s in personalfinance
I was denied a promotion 3 months ago after over performing my role for the last 10-12 months due to my “team not being big enough.” I began to look elsewhere to see what offers I could get plus my happiness with the company had declined. Got into advanced talks with a company with whom I’m very interested by their technology. In the meantime my boss ended up leaving the company due to several factors work and non work related reasons. Another kicker is we’re expecting our first child in just 2 months so being able to get 4 weeks off at birth is important.
Current employer is now approaching me about that position I was denied 3 months ago like a car salesman tactic, It’d be a 10% raise which I expressed wasn’t enough. Only thing I’ve been told is there is something in the works.
Well 2 days ago I received an offer from company B; 23% raise, 5k sign-on bonus, and I qualify for parental leave, with much less responsibilities. The commute is similar, benefits similar, better PTO.
I fully expect a counter offer considering the circumstances, once I put my 2 weeks. I’m wondering if I entertain a counter offer from my current employer? Feel like it’d have to be a significant offer (30%+) to consider. As it would be what I’ve been doing plus more. Then I think I’d be unhappy again after a few months, but at least I’d have my leave (in 2 months) to break things up. I know accepting a counteroffer is 50/50, it either works out or it doesn’t.
Edit: thanks all for awesome points, more or less I think I don’t want to regret leaving a significant amount of money on the table. Then I recognize money doesn’t buy happiness. First time in my career I’m in this kind of position.
Last edit: Thanks all for the amazing info and experiences. It has been very helpful! The right decision here is to move on. ✌️