I was offered a job at another company but the pay is about 15 percent lower than what I'm getting now. However, the benefits are slightly better and there is (or at least there seems to be, based on my research) job security. The company is also not in the O&G sector, which is a plus, considering everything that's been going on. But I've been here for over a decade and it's not easy to just walk away. Despite everything, I still enjoy my work and the people I work with. I honestly thought this would be a much easier decision than it's turning out to be.
5 replies (most recent on top)
Not enough information. Are you an engineer or an administrative assistant? Downstream, upstream, P&T? At ten years, depending on where you are, you might have to give up an annual 10% contribution to your 401k and forfeit any future pension benefit. For me, just the contribution alone and the tax benefits thereof would give me pause. That said, if you're a younger employee and have more than 15 years until you retire, GET OUT NOW! DO NOT PASS GO, DO NOT COLLECT $200! GET OUT WHILE YOU CAN!
Hang around tell they severance you. They pay good.
A 15% cut to get out of this mess? I would take that in an instant. Actually had an offer recently that was closer to a 50% cut and I actually considered it and evaluated all of my finances for several days before turning it down.
Do not miss your chance to tell this company to shove it.
You're 10 years in, but how long do you have to go? Assuming you're in your early 30s, are you going to get another 25 years at Shell? In the oil and gas industry?
If the new job is truly outside the industry and offers some growth potential, I would bail out now.
So your main reason to jump is the perception of higher job security elsewhere for which you would pay 15% of your salary? Is it a truly job for life such as a tenured faculty or at least federal/state employment? Or just one company traded for another?
It sounds like you should not jump just yet, the economic balance seems negative.