Career Advice Is Needed Pls and Thank You

Hi Guys,

I'm 22 and have been working in financial planning as a Paraplanner for close to two years now, however i have been offered a new job and i'm torn…

Currently i'm being paid $48,000 before tax as i was only entry level when i started, however over Christmas i asked for a pay rise as my role and responsibilities have increased quite a bit since starting to which i was told a month later that it would be reviewed this July. To add onto this we are moving offices which will be an extra 10 minutes to my commute each day.

I've been offered a new position which is closer to where i live and the pay will be between $65,000 - $75,000 before tax which is great because it will allow me to start paying off my Hecs Debt from Uni.

However what makes this decision hard is how nice everyone is at my current workplace and how supportive they are, so should i stay where i am and wait for my July review or just pull the pin and take this new position???

Poll Options

  • 1
    Wait for your review
  • 125
    Take the new Job

Comments

  • +30

    In my experience, “wait for review” would mean “let us string you along until you realize we’re not going to give you your pay increase.”
    Or it perhaps won’t be as much as you hoped.
    Take the new job - it guarantees more money and let’s face it, you don’t want to spend an extra 10 mins commuting in Melbourne..

  • +19

    If you have a good relationship with your current employer, I recommend telling them about the offer. If they want to keep you they will match it. They might be supportive though are paying you a pittance!

    • True, but they may be stifling OPs potential work experience too compared to a new job at a new place.

    • +5

      Same thing happened at my work, i have a good relationship to my boss and gave him 1 week to match or come close, otherwise i had to take the new job. They came up with a similar offer in 4 days, 7.5% increase.
      To OP, they can only say no so theres no sense in waiting. Ask for more and if it comes, thats great. If it doesnt then move on to bigger and better things.

    • +2

      I'm always on the fence with counter offers. A lot of the time they will then use it as an excuse to provide you with an increase down the track.

      I also think it says a lot about a company that's only willing to offer an increase once an employee is a flight risk.

      I would take the new role if I were you OP. From what I am reading, you are relatively early on in your career so any new experience should hopefully be beneficial!

      • I also think it says a lot about a company that's only willing to offer an increase once an employee is a flight risk.

        This. If they don’t value you all the time, they don’t value you.

        If they match a salary now what’s stopping them from not increasing your pay for X years?

      • I also think it says a lot about a company that's only willing to offer an increase once an employee is a flight risk.

        Isn't that every company? The increases they give at performance review time are rarely ever as much as what an external company would pay if you were to come in as a new employee.

        That's what I've found and I honestly don't understand the logic. If the current employer loses and employee, they're going to have to fork out market rate to hire someone anyway and there's a risk that new employee would be shit.

  • +11

    It is very unlikely that your existing job will give you a $20k payrise to match your new salary on offer. If the new role sounds good I would take it. Working with nice supportive people is great, but so is a huge payrise and working closer to home - and the people at the new role are probably very nice too.

    Resign from your current job and tell them you have found a new role with a higher salary. If they are serious about keeping you, they will offer you more money to stay. They won't do anything until you force their hand.

  • +6

    When you look back over your life, you're more likely to regret things that you didn't do, or chances that you didn't take.

  • +1

    They'll review it in July, that doesn't mean you'll get the raise straight away. Remember, you don't owe your employer anything.

  • +2

    Unless you have particular security issues I would take the new job. You're 22 - even if it's a mistake you have time to recover. It's more experience. If you leave on good terms from the current employer they may even take you back down the track. (Happened to me when I was around that age - left for 2 years, then returned back to old employer at double the pay).

  • +1

    This is always a hard decision. I've found if they're a 'friendly/family' type environment, they can be 'hurt' and act irrationally if you leave for better things.

    You always need to weigh up money over happiness. Sometimes, you'll get both.

    Ask your employer to move your review to next week. If they do not, let them know that you enjoy working here, but you will need to source alternatives. Leave it at that for a week, if nothing changes, take the other job. (I'm assuming you've already been interviewed by the 'offer'.. or is it an offer to interview?!)

    Appreciate what these guys have done for you giving you your industry experience, but if you're good at your job, I'd say take the risk.

    • +1

      I've found if they're a 'friendly/family' type environment, they can be 'hurt' and act irrationally if you leave for better things.

      If this is the case, even more reason to leave.

      • There are pros and cons.

        You'll get things like compassion, leave into the negatives, long lunches, leave early, arrive late etc. Big fish in a small pond.

        But, you'll pay for it by not getting 'industry standard pay', overtime etc. They'll likely believe that (even though you earned them money), they paid for your skills etc.

        If you're a good worker and a good person, you'll make new friends, and get to the same point with the other company soon enough. You'll be the small fish, but eat it up, you'll only grow to the size of the pond!

        • Call me cynical or jaded, but if the workplace really was that good, they wouldn't be paying OP effectively 33% less than his market value (since the other job is offering a 50% pay raise).

          • +1

            @HighAndDry: Not all businesses are the same. A small business would likely have less clients and less income. It could also be a lot less work for OP.

            OP hasn't mentioned how the business is doing, or if he expects them to match the offer (only to be reviewed in July for an unspecified increase), only that the current employer/employees were nice.

            But, I agree. For being 2 years and no pay rise, only more responsibility, time to move on. (Once again, providing OP can do the new job - they might find that their workload 10 folds.)

            OP needs to clarify whether the offer is after the interview process, not just we're offering someone this position and it could be you, OP!

            • @rompastompa: True - there are a lot of factors. But a 50% difference is pretty hard to overcome. I haven't seen any standard annual review lead to anywhere close to that kind of pay raise either.

              • @HighAndDry: Not necessarily. One may be classed as an inexperience junior role, and the other role may a senior role.

                for close to two years now

                Not quite done the 'obligatory' two years experience yet.. Not like that's a hard requirement, but usually looked upon to know how much experience/worth you're likely to bring to the new employer.

                • @rompastompa: I mean - if that's the case, the new company is offering OP a promotion, whereas his current job isn't.

                  It still comes down to the fact that a good employer will put their money where their mouth is, and so far they haven't.

                  • @HighAndDry:

                    the new company is offering OP a promotion, whereas his current job isn't.

                    That's likely what the OP means by "my role and responsibilities have increased quite a bit since starting". So, perhaps the current employer is testing OP out to see how they're going to cope, and possibly offer OP a promotion when their 'two years training' is up in July.

                    As I stated before, I'd push the employer/management for an earlier review and see what they've got to offer. It's possible they may offer OP more than the other offer.

  • A lot of the difficulty comes down to how you handle it. The decision itself is a common situation. Be respectful but don't over apologise. Generally, accepting your current employer's counter offer is considered a bad move.

  • +5

    Simply go to your employer and tell them you have an offer at $x p.a
    Tell them that you enjoy where you work and would love to stay, but your salary review will need to take place asap or you will have no choice but to take up the offer.
    Respectful, yet assertive.

  • +1

    Get the other job to send you a letter of offer. When you get that have a meeting with current employer explaining you have received an offer. If they can't match it by the end of the day then move on. Seriously, you will regret taking such a large pay increase because your workplace is "nice".

  • I'd be asking the question why a "trainee" wasn't getting a wage review every 6-12 months already.

    If somebody asks for a wage rise there's probably a reason behind it and to put them off for 4-5 months is not really saying "we really value your contribution and want to keep you on board".

    At the start of your career you should be getting promotions (in both responsibility and remuneration) or changing employers to get more experience every 12-24 months.

  • +1

    Take the new job, more exposure/experience at different companies is better than being at one company for a long period.

  • Money increase is good. But with the changes coming in your career choice there will be additional study requirements and qualifying exams beyond what you have achieved. Well done on that level. So just be aware of support to achieve the next requirements. But you will also gain great? Insight and experience at a new office. I assume that new office has a good rep

  • +4

    take new job… mad if you don't. screw your old employer, tell them you will consider coming back in july, when it is time to review your pay

    people will be nice at your new job too.

    never stay somewhere because the people are nice… they are often nice cos they know they pay u sfa….

  • +1

    Hi. You're only 22. So just know that:

    Since starting to which i was told a month later that it would be reviewed this July.

    Means that they will never give you a raise. You need to move to get increases in wages. Companies will just string you along and perhaps give you a paltry 5% to try and keep you happy.

  • Of course they are being nice to you. You are pretty much working for free and backed down when you asked for a pay raise. They blew you off and said they will see in July. In July they will probably say we will see in Dec… Stuff them, you need to worry about yourself, as they clearly are not. Go the new job.

  • Wow landslide on the Poll Options!

    • +1

      I hope OP gets the message loud and clear. Hoping we get an update on what his current employer does.

  • Take the new job as long as your are still heading in the direction you want in your career

  • Tbh, One thing I've kept in my mind when it comes to career. No one will ever look out for you besides yourself. I'd take the new job. You said more responsibilities and they pay you basically nothing.

    • $48k/year for two years is abysmal. Their current employer is obviously taking advantage and stringing them along.

  • +1

    tell them you have an offer now and see what they say. nothing is certain. nice now. but the future is unknown. check out the new place and see if they seem nice too. you can only try. your karma will determine your life choices. you have freedom to choose always. choose what gives you joy, peace, happiness, and love always. if money helps that, then go for it. but if the money will not give you joy, peace, happiness, and love then do not choose that material path. use this criterion in life decisions big or small.

  • 0-103, the Ozbargain mob has spoken…

    Another new account, another troll/sockpuppeter?

  • Nice people usually outweigh $$$ but that's quite a jump :)

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