Making decisions about your career can be challenging, especially when presented with enticing opportunities like a potential tech lead role in your current organization and a 60% salary increase offered by a competitor. It’s important to thoroughly evaluate both options before making a decision.
Firstly, let’s consider the potential upcoming tech lead role in your current organization. It’s encouraging that your manager recognizes your potential and has expressed their belief in your suitability for the role. However, it’s also understandable that you have reservations based on a previous experience where someone else was selected for a similar position. This kind of situation can feel like a carrot on a stick, where the promise of promotion is constantly dangled but never realized.
To make a more informed decision, consider having an open and honest conversation with your manager about your concerns. Ask for clarification on the criteria used in the selection process and express your desire for more transparency. This discussion may help you gauge the likelihood of actually securing the lead role in the near future. Additionally, inquire about other growth opportunities within the company, such as training or mentoring programs, that may help you progress professionally.
On the other hand, the offer from the competitor company should not be overlooked. A 60% increase in salary is a significant jump, and it may provide you with financial stability and career advancement opportunities that are not available in your current position. While the role may not be a tech lead position, there may be potential for growth and advancement within the competitor company as well.
To make an informed decision, evaluate the long-term implications of each option. Consider factors such as job satisfaction, career growth opportunities, work-life balance, the company’s reputation, benefits, and overall organizational culture. Is the potential for a tech lead role in your current organization worth waiting for, or does the immediate financial benefit and potential growth in the competitor company outweigh it?
Additionally, think about your personal goals and aspirations. What kind of role and responsibilities do you envision for yourself in the future? Will staying in your current organization help you achieve those goals faster, or will the competitor provide better opportunities?
It’s also important to consider the potential risks associated with jumping to a new company. Will the work environment be as supportive and conducive to your growth as your current organization? Can you adapt quickly to the new culture and expectations? These are crucial considerations, especially when you have been successful and well-regarded in your current company.
Ultimately, the decision is yours to make. There is no one-size-fits-all answer, as it depends on your individual circumstances, goals, and priorities. To make the best decision, gather all the information you can, consult trusted mentors or colleagues, and take the time to reflect on what truly matters to you in your career.
Remember, while salary is important, job satisfaction, growth opportunities, and overall fulfillment should also be considered. This decision will shape your professional journey, so take your time, weigh all the pros and cons, and choose the path that aligns with your personal and professional aspirations. Good luck with your decision-making process!
Leave current job.
Don’t believe in fairytales or stories about money (or promotions).
Also, I think “fool me twice” applies here.
Judging only from what youve written here, you’d be very silly to pass up a 60% raise with no increase in responsibility.
IF you get the promo at your current gig, you may not get that amount. And you’ll have more responsibility.
It’s pretty obvious to me.
Past behavior is a good predictor of future behavior. IMHO Leave. If they want to you stay they will match or exceed your new offer.
100% go with more money. Every time.
As someone in HR, go with your competitor. Get the 60% increase and if current company wants to actually offer the lead role, apply for it and see if you get it. Companies will waive a 🥕 in front of you saying in 1 year you’ll get it and then stuff happens like budget cuts or hiring freeze
Didn’t have to read beyond the title – move it on over!
You are in a good spot to negotiate, so swing for the fences. IF you really like your current company, tell your manager you will be leaving in 2 weeks unless you are immediately promoted to team lead and a pay increase. Get their response in writing from HR showing your new base salary! If they balk at that, it’s time to pack up and take your 60% pay raise elsewhwere. Be committed to what you want though… it’s a negotiation and they’ll counter.
Either way, congrats.
Not a question, go for the money.
Your manager is dangling a carrot in front of you and you have already been treated like Charlie Brown with the football once. Don’t let them do the same thing again.
In all honesty, I have gotten pretty far up in my career to where I work with our CEO and have a title kind of just made up for me to do what I do best. But along the way I have learned that the title doesn’t really matter. Go for the money.
If it were close I would ask about things like company culture and stuff… but 60% increase means you are being grossly underpaid and taken advantage of right now. Do not feel bad about leaving. Don’t blow out either, but don’t lose sleep over it.
Mimicking what most people here are saying, basically never trust “in X amount of time we’ll give you X” from an employer. It’s a strategy to get you to stay in your current role, underpaid and under thumb. The only time it’s acceptable is if you and your employer have a black and white contract, signed, that specifically stated the terms, timeframe, raise, etc.
If you don’t have a contract, they have no intention of honoring their words. And even if they actually do 100% intend to honor their words, changing dynamics, people, market, can make that impossible, regardless of their intent.
It is almost always in your best financial interest to take the offer in front of you than to chase the fairy tale your company is spinning.
Plus you can use this offer as leverage in negotiations. The only thing an employee has to negotiate with their employer is their presence. The only card you have at the table is your willingness to walk away, and with another offer they know they need to make a decision, now, or you’re gone.
Either way you come out ahead for yourself.
Never believe your employers fairy tales.
The phrase is “One in the hand is worth two in the bush”. It seems like your current boss can’t guarantee you the promotion, or it already would have happened the last time. Companies do this all the time. They talk about now positions opening up, but the moment a CEO or VP has a better idea that position could change in an instant. Companies also will string along good workers with the promise of future promotions, just to keep those people employed and working harder without the raise.
If you have the money in hand, and the company making the offer is a good company, then you shouldn’t have any issues with jumping. You can tell your current HR department that you have an offer, what you expect in compensation in order to keep you, and see what offer they make you. If they have you in mind for a promotion then they will make you an offer. If the HR department doesn’t make an offer to keep you, then it was just your boss bowling smoke up your ass.
You have two options here :
– You either let your company know that you had an offer and are planning to leave so they can “land on their feet” aka prepare an offer that is on par with what you’ll receive elswere
– Or you just leave for the better opportunity but you should verify if they have a high turn-over at that other company or other red flags before jumping ships
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edit : formatting
Wait till you get the lead roll with a 5% bump pay. 😂
Take the 60%
I think you have fallen into the trap of being too good at your current position and your manager is dangling these promotions to keep you where you are, dont be like me and waste 10 years that way. Do not pass up a concrete offer of 60% raise for some vague might be offer down the road. Once i started to move jobs i went from 50k to 100k in 3 years in IT.
Leave for the other job. You can still apply for the lead tech role at a later date,
Run, don’t walk, to that new job.
YMMV but I’ve taken three different lead roles in aerospace at a young age and it was a shit experience 75% of the time. Go for the money. Again ymmv since I’m in aerospace and not tech, but a varied skill set is more valuable than lead experience, in my experience
60% pay raise in a heart beat.
We don’t live on maybe’s and promises when it comes to career, we live on absolutes. 60% is massive, take the offer.
Go with the real option vs a promise of an option. Tech industries in my experience are known for promising of growth without delivery and usually might try to get you to take on more responsibilities before any increase of pay. Leave current and enjoy the 60% increase
Let’s be honest. Nobody can be a good tech lead with 3 yoe in a single company.
Move, take the money and experience.
‘Potential’ opportunity can disappear in a day due to market conditions, company performance, leadership changes, etc.
Take the 60% jump.
I’ve been in tech for 20 years, and now run the business I started in as a dev, and I have an opinion you might not like. You’re not ready for a lead role after only 3 years. Lead roles require experience because no matter how good your skills are, or how smart you are, you need to have been there and have the scars to prove it, and that takes time.
When considering the other job make sure you are comparing apples to apples, it’s not all about the number. Make sure you’re considering benefits, opportunities, commute, etc.
It’s not bad advice to talk to your boss about the offer on the table, you’ll either get a decent counter or they’ll make the decision easier.
TAKE THE 60%!!!
The lead role isn’t guaranteed, probably entails a heck of a lot more work, pay bump won’t be anything near 60%, and the job itself might suck compared to what you already do.
So yeah.. Take the 60%. Take that money.
Follow the money.
Can you pay for your bills with your new title?
A bird in hand is worth two in the bush.