Torn Between a Promotion and a Higher Salary Offer: What Would You Do in My Shoes?

Hi all, Currently, I am working with Indus Towers as a finance executive for the last two years. I am satisfied with my job, and even my top seniors are happy with my work. One of my seniors referred me for a position in his last company, Viom Networks, as an off-role, in the same profile.

Just a few days back, I was promoted to team leader here. I have no preference for off-role or on-role; I have to work, and my work is my salary. I am married and have a 3-year-old son who goes to school.

Currently, I am earning 18k, and the new company is offering me 25k in hand. I just need your suggestions on what to do. I am 34 years old now and have six years of job experience. The current company will give me at least a 2k raise in my next increment in August.

Please help.

Considering the new job offer with a higher salary, it's essential to evaluate various factors before making a decision. Here are some practical steps to guide you:

1. Assess Your Career Goals: Reflect on your long-term career aspirations and how each job aligns with your objectives.

2. Consider Growth Opportunities: Evaluate the potential for career growth and skill development in both roles.

3. Financial Impact: Compare the total compensation packages, including benefits, bonuses, and future growth prospects.

4. Work-Life Balance: Consider how each job may impact your work-life balance, especially considering your family responsibilities.

5. Company Culture: Assess the work environment, values, and culture of both organizations to determine where you would thrive.

6. Consult with Your Family: Discuss the options with your spouse to ensure that the decision aligns with your family's needs and goals.

7. Negotiation: If you decide to accept the new offer, consider negotiating for a higher salary or additional benefits to maximize the opportunity.

8. Resignation Etiquette: If you choose to switch jobs, resign professionally from your current position and maintain positive relationships.

By carefully weighing these factors and considering your personal and professional goals, you can make an informed decision that aligns with your career trajectory and personal priorities.