Yearly return of 28%. Would you take it?
I found some down time at work today and was mindlessly browsing around my internal job site and came across this posting that grab my interest. My annual review is just around the corner but I doubt we will be getting a hefty raise. So I'm wondering if I should make a leap into this new position which pays 18% more. On top of that, there is a 10% bonus. I currently do not get any bonus in my position eventhough I work closely with PMs and clients. My position elsewhere would for sure get a bonus. Here are a few things I would need to consider.
SALARY - This is the biggest factor to making the switch. We're talking about a 28% increase. And the employer matches dollar for dollar up to 6% into retirement. The more money I make, the more I would get out of the match which in this case is $700 which is not much. But any increases are still good.
COMPETITION - The advantage I have is that I only compete with internal employees. The job does not solicit outsiders.
CULTURE - I have been with this firm for over 5 years so I'm pretty familiar with the firm's vision and culture.
LOCATION- It is very close to my current office. Therefore, I would not need to worry about revising my commuter route.
I remind myself everyday about how much I enjoy working with my current coworkers. We all get along very well. The hours are super flexible with little to no supervision. However, my salary is average and it could be better. The learning curve is plateuing because I just feel like I need more stimulation/challenge. But my fear is that if I leave, I will not find such nice coworkers like the ones I have now. Suze Orman says "People first, then money, then things." And what if my hours are not flexible where I can't even blog at work?
My title is misleading since I have not been accepted by this job yet that will guarantee me a 28% return. But what if I had a chance for this kind of high return? If you were in my shoes, would you take it?