I'm a 30 year old male in the tech industry. I've been working at a company for the last two years for $160k/year with 138 hours of vacation time, 20% cash bonus, 25% restricted stock with 3 year vesting period. My responsibilities have continuously grown for the last year but without a significant promotion. Current company provides 3-4% inflation raises every year. I've asked to be promoted but was told that although I'm highly rated each year, the next salary grade has an average age of experience that is 6 years more than me. I'm at the top of my salary grade, which means the only way I can get a significant raise is to get promoted.
I wasn't actively looking but was contacted on LinkedIn by a recruiter. Just received an offer at a new company for $175k/year with 200 hours of vacation time, 20% cash bonus, 30% restricted stock with 3 year vesting period. A $25k signing bonus was offered. Company does not guarantee inflation raises each year. Similar percentage of wages to 401k, pension, etc and a shorter commute by 10 minutes.
The sign on bonus (which I tried to negotiate but they are firm on) wouldn't completely cover the the unvested stock and half of 2019's bonus that I would be leaving behind. At my current company, I would get $42k in a mixture of vested stock and cash bonus in 2019 and $30k in 2020.
I have dreams of being management material one day and have no idea what my projections of upward mobility are at either company. My current company seems like it's on shaky grounds but I'm not sure if that's always the perception of the company you're currently at. I would like to also be financially independent so I have the freedom to retire early if I one day decide I'm done with work. I'm near $1.5MM in net worth so am very comfortable without large expenses. Vacation time is important to me. First job allows me to work remotely a coupe days a month, while the second job is just giving me more vacation time.
Any opinions on what to do? I could go to my current boss and ask if there's any chance I could get a promotion? But do I bring up my current offer? I'd rather sign the offer first, go through the background check to make sure everything goes smoothly before telling my current boss. But once I sign, I'd ethically feel committed to going through with the job acceptance.
Submitted June 07, 2019 at 06:40PM by JobIndecision5454 http://bit.ly/2wLmRGc
