My current job pays ~$19/hr it’s a nose pickers job that I took out of desperation. It’s a joint partnership between two companies where one of the companies is the sole customer. Management has been screwing us by making us work a ton of overtime because production is ramping back up. I’m supposed to go back to a regular 40 hr week “soon.” They laid off 30% of their staff a year ago. I’ve been there 5 months and trained 3 different people as they are hiring an entire 3rd shift at the moment.
I generally enjoy my coworkers as they are almost all foreigners from many different places and older. Management is generally nice enough, their hands are tied due to the parent company.
The benefits are 5% 401k company match, 160 hrs of PTO/ yr, good insurance for me and one child is $100/mo similar instance is $1k on the marketplace.
Job I’m looking at is offering close to $25/hr, is a small global company, same 8hr shift 2 weeks of vacation a year, high deductible plan for ~$400/mo which would cost me $600 on the open market, a discretionary 401k company contribution currently at 6%. I would also have more opportunities for advancement at this place and the work would be more engaging to me and likely more opportunities to improve my career as my current job is a major step back for me.
Commute is identical as they are directly across the street from each other. I would also have at least an additional $175 in medical expenses every month as I see a doctor once a month for a chronic condition. If I place a value on my time off based on my current pay rate and subtract my additional costs I figure I would only be making an extra $300/mo and that’s if I don’t have any other medical expenses. It’s also possible that I’d be walking into a more toxic working environment.
Or even negotiate with the current employer. If they’re okay there, then ask for a raise.
Yeah, I’ve totally done that in the past. That said, I wouldn’t do that until you have an employment offer in hand for the other gig. That way you actually have leverage and can walk.
I don’t think asking for a raise means you have to leave if they say no.
Agreed. I’m just saying that they have the leverage. They can walk if they want.
It’s usually easier to get a raise if they need you more than you need them.
I’ve never seen negotiating with a current employer go well in anything resembling the long term.
If you’ve been there long enough, performance is good (better than expected) and haven’t had a raise, it is quite normal here. YMMV where you are though.