Career move - What's right for this PL?
TimJo
Ohio
What's the right move, from a club goer perspective? (That is, if we can just get through this whole pandemic, I'll be back at clubs.)
Today, I do alright financially heading up a department for a small business of around 35 people. It's based in the city I live and I'll be back in the office sometime this summer, working from home currently.
But I'm being recruited for a VP role with an out of town business that wants to let me work fully remote. Downside is it would be focused on only 1 industry, and not an exciting one. Upside is the pay. It's seriously a 65% increase. I'd make over $1k per month more than I do now.
Follow the money and work from home, with occasional travel? Or stick with my job that gives me more variety and control over process? And gets me out of the house eventually.
Decisions, decisions.
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Examples, I have turned down more lucrative job offers because I wouldn't have the freedom I have in my current job. I could also have made more money by striking out on my own, starting my own business but once again I'm content in my current job.
Personally, I wouldn't make a career decision based on clubbing. A career is way too important to make decisions based on a hobby. Look at how it will effect your happiness and your life as a whole and choose accordingly.
It's seriously a tough call. Love my current company for a lot of reasons. But also feel a bit stunted in compensation growth. May need to take a risk to make a leap.
So many questions. A big salary only works if it’s a successful business with a good work environment with a reasonable boss.
If the work is that bad though, I guess stick with the other option?
Sounds unusual and a little odd that a VP position would be 100% remote unless you're talking about a position in a bank... I've seen whole cube farms at bank HQs that were populated with people who had VP in their job title. Being remote will also affect your mobility in the new job because you won't be networking as much or as effectively.
Being remote does have tax advantages as you will be able to make various deductions (e.g., home internet) and be able to justify them.
Personally, I don't like to associate home with work. You can easily end up working more and at odd hours if you don't stay on top of it. I make it a point to completely power down my work laptop by 6pm and I made it clear to both my minions and overlords that if an email doesn't reach me before then it isn't important enough to deal with before the next business day. If you don't have that kind of structure, then you're going to risk burning out.
On the plus side, being remote really does mean your location doesn't matter -- from time to time, you can use that extra money to be working from a resort or a long term rental on a pretty beach with a bucket of beers by your side... :-)
HTH...
One advised about happiness and that is where I would go. Money is cool but only if that puts you in a spot to be happy as well. That depends on what you are looking for right now. Don't think anyone can advise without knowing your specific situation.
So in your shoes I might pick Option C: Hang in there until you find something that pays better AND is at least as appealing as what you currently do. The last thing you want is to get stuck in something that ultimately makes you miserable, which would ultimately not be good for your career growth either.
You are currently working from home (due to the pandemic). How has it been going? Do you feel effective and satisfied in your current situation? If so, this new opportunity may be a good thing for you. If you are struggling, maybe you will benefit emotionally from being back in the office.
Money is a major reason why we work. But, there is more to it than cash. Give that some thought. This huge shift to remote work has helped some folks - and it has been rough on others. If you are moving to a higher stress position, with a more impressive title, folks will expect you to make an immediate impact, and it can be a challenge if you don’t feel very effective when working at home.
The reality is I like who I work with and I'm passionate about the work. But the last few years have opened my eyes that I don't necessarily believe the owners have the vision to grow the business. We are highly profitable but the leaders aren't rewarded financially. And I'm at a point now after nearly 8 years in this role that maybe it's time to try something new.
Option C as mentioned above may be the best choice. But perhaps Option C is something I consider after a year or 2 giving this new opportunity a real shot. The learning opportunity would be substantial. I'm used to running the show for my specific specialty, and this would give me the chance to learn a few new methods.
Also, just for everyone's amusement, these are not great strip club cities I'd be visiting. I'd have monthly meetings that take me to NYC, Chicago, and Philadelphia.
So, there is that, haha.
My initial inclination is to say if you're not on Forbes 400 list, kindly get your ass to work, and make that $$. QOL is nothing to brush off too easily, but being stagnant in no growth place has it's hazards too. Early in my career at the company I retired from, I jumped at a position with a 50% plus base pay increase. The QOL really sucked the 1st yr, but got better with time. Otoh, a bypassed oppurtunity might not come along for several years. Promotion was a definite resume enhancer should I have to seek another job.
Lastly, what are your career goals ? How will new position help you achieve them ? How much will staying at present position help or hinder ?
I’m just saying, do your due diligence before you take the leap.
Most organizations have an online forum where you can learn what former employees have to say. Another trick I used was to find an excuse to go to the lobby of the organization, chat with the receptionist, and get a sense of the vibe from employees going in and out. Or, use a headhunter in that industry who knows all the gossip. Read stock analysts reports if the company is public. Talk with someone who works for the competition and ask what they know. Lots of ways to gather data.Or, do some digging on linked in to find out who has been in that position before, how long they lasted, and where they went.
Lots of folks enjoy the smaller environment. It can have less oversight, and fewer hoops to jump through. Larger companies take more time to learn the ropes, and to make meaningful change.
Good luck in the path you choose.
NYC clubs are useless for filth. Philly can be fun - but I have no experience down the turnpike.
But I also have 2 young children and this is an opportunity to bank like $5k more each month. You hate to make a move for money, but it may be just enough to make it worth the experiment.
I'm just having some fun with this. I don't get out for a ton of clubbing and I'll of course make a career choice bases on factors that matter most.
Appreciate the conversation. Happy Tuesday everyone. (If I could now close the thread, I would haha.)