Discussion
I had an offer of employment made which was significantly more than current employer. Spoke to my MD and was agreed a pay increase. Not to match the offer but we agreed to meet in the middle, which I was happy with as new role is slightly further away and 40 hrs a week instead of 37.5.
So I declined the offer from the other company but now they have come back with a counter offer. The difference between my new offers on both sides is now 7k pa. With the cost of living rises, I can't turn down that down.
Anyway, I am in a position now where my MD has gone on his summer holidays and so has my line manager, basically leaving me with no one in the company to have a face to face with until next Wednesday.
The new company want a decision from me by this weekend on whether or not to accept. If I do accept but then by a miracle my current employer offers me another increase, am I ok to change my mind from the new company?
Sorry if that doesn't make sense?
So I declined the offer from the other company but now they have come back with a counter offer. The difference between my new offers on both sides is now 7k pa. With the cost of living rises, I can't turn down that down.
Anyway, I am in a position now where my MD has gone on his summer holidays and so has my line manager, basically leaving me with no one in the company to have a face to face with until next Wednesday.
The new company want a decision from me by this weekend on whether or not to accept. If I do accept but then by a miracle my current employer offers me another increase, am I ok to change my mind from the new company?
Sorry if that doesn't make sense?
ChocolateFrog said:
If the new company withdraw their offer this weekend then that's a pretty big red flag IMO and you've got lucky.
I disagreeThe OP has had an offer from them (Company B), which his existing company (Company A) have matched.
Company B have then increased their offer. Company B don't want to get into a bidding war - they are keen to get the OP on board, but don't want to be dicked about with offers and counter-offers (which is quite popular at the moment)
They therefore want to shut this down and make a deal - hence the timeframe. The OP either wants to work there or he doesn't - why should they wait around to see if Company A outbid them?
My advice to the OP is to take whichever job is best in terms of work/life balance, career prospects and your enjoyment.
Whichever way this goes, you've come out with more money than you had last week - so put the financials to one side for now.
If you stay or go just for money, it'll be a mistake.
Can you not just communicate with them and explain about your manager being on annual leave? I mean it is only 3 business days difference. Not sure why there is a rush it is not like it is the end of the month and they can start you on a fresh calendar month after your 1 months notice.
WY86 said:
Can you not just communicate with them and explain about your manager being on annual leave? I mean it is only 3 business days difference.
If I was the hiring manager, I'd reply"Why does it matter if your manager is on leave? You either want to work for us or you don't. Take it or leave it"
Unless the OP is a unicorn in terms of ability, there is absolutely no incentive for the hiring company to allow him time to speak to his existing employer and negotiate a better package.
Muzzer79 said:
If I was the hiring manager, I'd reply
"Why does it matter if your manager is on leave? You either want to work for us or you don't. Take it or leave it"
Unless the OP is a unicorn in terms of ability, there is absolutely no incentive for the hiring company to allow him time to speak to his existing employer and negotiate a better package.
Yeah true enough I guess. s"Why does it matter if your manager is on leave? You either want to work for us or you don't. Take it or leave it"
Unless the OP is a unicorn in terms of ability, there is absolutely no incentive for the hiring company to allow him time to speak to his existing employer and negotiate a better package.
t or get off the pot. Be careful. It might be nice people bidding for your services but you stand a very good chance of pissing off one or both and could end up with neither. Bargaining employees are frustrating and it isn't a good look. If it was me I would make up my mind on what is already there and decide not play any more. If you are in a small industry you don't want a bad rep. that will be well known.
The fact that you have already participated in an interview process for the new company suggests you are dissatisfied with the current job/employer, so what is going to change that view in the long term once the novelty of a pay rise has worn off?
My experience in work with coworkers coerced to stay by the offer of more money is that it provides only a short term fix and they'll be off anyway before long.
If you can see yourself working at the new company at the salary offered then go for it. Why should the new company have to wait around for you to talk to your manager, as the only conclusion for them is that the offer is not compelling for you and you just want to use it as leverage in the current role. They've probably got a second choice candidate waiting in the wings to whom they need to say yes or no to as well.
My experience in work with coworkers coerced to stay by the offer of more money is that it provides only a short term fix and they'll be off anyway before long.
If you can see yourself working at the new company at the salary offered then go for it. Why should the new company have to wait around for you to talk to your manager, as the only conclusion for them is that the offer is not compelling for you and you just want to use it as leverage in the current role. They've probably got a second choice candidate waiting in the wings to whom they need to say yes or no to as well.
Accept the offer from the new company now. When you're boss is back next week, have a conversation with them about the new offer. If they can't come up then you continue with the new company. If they do come up, once it's formailsed apologise to the new company and tell them you've changed your mind.
Will you ps off the new company if you accept and then decline next week? Maybe, but trust me if there was an internal issue and they needed to pull the job they'd do so without a second thought about you.
Will you p
s off the new company if you accept and then decline next week? Maybe, but trust me if there was an internal issue and they needed to pull the job they'd do so without a second thought about you. welshjon81 said:
leaving me with no one in the company to have a face to face with until next Wednesday.
Why do you need a 'face to face' with anyone?!You either want to leave or you don't. Constant renegotiation with your employers is only going to create animosity I would have thought.
If you like the new company, take the job. Make your own mind up.
You've got your best offer from your current employer (if they were prepared to up it they would have done) and you have a best & final offer from the new company. You need to make a choice on these two offers.
£7k after tax per month isn't much to take a punt on a new company and a new boss over one who is prepared to negotiate and then go on holiday trusting you that they have a deal with you...
£7k after tax per month isn't much to take a punt on a new company and a new boss over one who is prepared to negotiate and then go on holiday trusting you that they have a deal with you...
You say you were happy with the counter offer from your existing employer especially as it was a shorter commute and working week.
Now the revised offer is in from the new company it’s just the money ?
If your upper management were not on holiday today what would you be saying to them ?
Now the revised offer is in from the new company it’s just the money ?
If your upper management were not on holiday today what would you be saying to them ?
If your current employer agreed to meet in the middle but agree to pay you more because you say you might leave (again) then they could have offered more in the first place.
IMO you're both playing games.
Maybe it's just a personal thing but I don't see how going backward and forward to your current employer playing them off against potential new ones is a good thing for you.
IMO you're both playing games.
Maybe it's just a personal thing but I don't see how going backward and forward to your current employer playing them off against potential new ones is a good thing for you.
Collectingbrass said:
£7k after tax per month isn't much to take a punt on a new company and a new boss over one who is prepared to negotiate and then go on holiday trusting you that they have a deal with you...
The OP hasn't said what salary he's on now. If he's on £30k a year, then I would say that it is very much worth a punt.
However, as per my earlier post, take a job for the job, not the money.
Thanks for all the advice so far. I am actually very happy in my current role. My current salary is 38 with the offer of 45 on the table.
I would be moving to a 40hr week instead of 37.5hrs and I wouldn't have the wfh option on a Wednesday. I think my fuel would go up by around £50-£60 a month - so probably an after tax, in my pocket difference of around £260 a month.
With a bit more thought over the last few hours, I really don't think it would be worth changing roles. I could save that £260 by getting a cheaper phone and cancelling my David Lloyd membership!
I wasn't planning on playing either side off against each other and this interview/job offer literally fell into my lap. I didn't ask for the pay rise, they wanted my to stay as they value me.
Do you think it would be unprofessional in sending my MD the letter with the new offer, and basically saying thanks for the pay rise, they have made a counter offer, I am not going to take it but I would like to take on more responsibility in the company and aim for something like this in the next couple of years?
I would be moving to a 40hr week instead of 37.5hrs and I wouldn't have the wfh option on a Wednesday. I think my fuel would go up by around £50-£60 a month - so probably an after tax, in my pocket difference of around £260 a month.
With a bit more thought over the last few hours, I really don't think it would be worth changing roles. I could save that £260 by getting a cheaper phone and cancelling my David Lloyd membership!
I wasn't planning on playing either side off against each other and this interview/job offer literally fell into my lap. I didn't ask for the pay rise, they wanted my to stay as they value me.
Do you think it would be unprofessional in sending my MD the letter with the new offer, and basically saying thanks for the pay rise, they have made a counter offer, I am not going to take it but I would like to take on more responsibility in the company and aim for something like this in the next couple of years?
welshjon81 said:
Thanks for all the advice so far. I am actually very happy in my current role. My current salary is 38 with the offer of 45 on the table.
I would be moving to a 40hr week instead of 37.5hrs and I wouldn't have the wfh option on a Wednesday. I think my fuel would go up by around £50-£60 a month - so probably an after tax, in my pocket difference of around £260 a month.
With a bit more thought over the last few hours, I really don't think it would be worth changing roles. I could save that £260 by getting a cheaper phone and cancelling my David Lloyd membership!
I wasn't planning on playing either side off against each other and this interview/job offer literally fell into my lap. I didn't ask for the pay rise, they wanted my to stay as they value me.
Do you think it would be unprofessional in sending my MD the letter with the new offer, and basically saying thanks for the pay rise, they have made a counter offer, I am not going to take it but I would like to take on more responsibility in the company and aim for something like this in the next couple of years?
Sounds a reasonable thing to do and would probably be well received. The other thing with pay increases is people forget the on costs so what other benefits are there, good pension or bog standard auto enrol so salary is not everything. Travel is a good point as can be tiring. SO always more than just salary to consider. Your choice sounds sensible though.I would be moving to a 40hr week instead of 37.5hrs and I wouldn't have the wfh option on a Wednesday. I think my fuel would go up by around £50-£60 a month - so probably an after tax, in my pocket difference of around £260 a month.
With a bit more thought over the last few hours, I really don't think it would be worth changing roles. I could save that £260 by getting a cheaper phone and cancelling my David Lloyd membership!
I wasn't planning on playing either side off against each other and this interview/job offer literally fell into my lap. I didn't ask for the pay rise, they wanted my to stay as they value me.
Do you think it would be unprofessional in sending my MD the letter with the new offer, and basically saying thanks for the pay rise, they have made a counter offer, I am not going to take it but I would like to take on more responsibility in the company and aim for something like this in the next couple of years?
Tom8 said:
welshjon81 said:
Thanks for all the advice so far. I am actually very happy in my current role. My current salary is 38 with the offer of 45 on the table.
I would be moving to a 40hr week instead of 37.5hrs and I wouldn't have the wfh option on a Wednesday. I think my fuel would go up by around £50-£60 a month - so probably an after tax, in my pocket difference of around £260 a month.
With a bit more thought over the last few hours, I really don't think it would be worth changing roles. I could save that £260 by getting a cheaper phone and cancelling my David Lloyd membership!
I wasn't planning on playing either side off against each other and this interview/job offer literally fell into my lap. I didn't ask for the pay rise, they wanted my to stay as they value me.
Do you think it would be unprofessional in sending my MD the letter with the new offer, and basically saying thanks for the pay rise, they have made a counter offer, I am not going to take it but I would like to take on more responsibility in the company and aim for something like this in the next couple of years?
Sounds a reasonable thing to do and would probably be well received. The other thing with pay increases is people forget the on costs so what other benefits are there, good pension or bog standard auto enrol so salary is not everything. Travel is a good point as can be tiring. SO always more than just salary to consider. Your choice sounds sensible though.I would be moving to a 40hr week instead of 37.5hrs and I wouldn't have the wfh option on a Wednesday. I think my fuel would go up by around £50-£60 a month - so probably an after tax, in my pocket difference of around £260 a month.
With a bit more thought over the last few hours, I really don't think it would be worth changing roles. I could save that £260 by getting a cheaper phone and cancelling my David Lloyd membership!
I wasn't planning on playing either side off against each other and this interview/job offer literally fell into my lap. I didn't ask for the pay rise, they wanted my to stay as they value me.
Do you think it would be unprofessional in sending my MD the letter with the new offer, and basically saying thanks for the pay rise, they have made a counter offer, I am not going to take it but I would like to take on more responsibility in the company and aim for something like this in the next couple of years?
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