Compensation is an obvious thing to check out directly, but there are more subtle implications in regards to compensation as well. To begin with, consider it directly. Does your employer pay you market rate? If not, you’re leaving compensation on the table by staying at your employer, presuming you’ve tried and didn’t convince the company that you’re well worth a market rate.
And low payment doesn’t size linearly as time passes either, it compounds. Assuming you’re saving up for retirement with investments that have an interest rate of return, dropping out on compound interest for decades for even relatively smaller amounts of money accumulates big time over time. 10 years instead of staying ago? Thinking about it like this, and suddenly settling for lower than market compensation sounds a lot less appealing.
- Why choose us
- 10% for your crisis fund and future projects
- Basic knowledge of a few of the macroeconomic factors that affect security prices
- Event Manager
- A wish to work in education non-profits
- Bachelor’s Degree in business, business or related subjects, CFA, MBA is a plus
- Testing DB Schema and Datatypes
Similar, however, not directly related to your settlement, is making potential. That one is harder to quantify. Maybe your employer is paying you a fair market value now, but who says you need in which to stay the same market permanently? Does your company make it very hard to get that “senior” advertising in comparison to just applying straight for a “senior” role somewhere else? If so, you’re essentially settling for a forever-delayed advertising cycle. Also related to earning potential, forget about climbing the organization ladder, think about actual job duties and the skills you get while employed? It’s nice to think about your task as “stable”, but no for-profit company is immune to market forces.
All the nice motives in the world won’t stop them from laying you off if they see earnings plummet for any reason at all. Even though you haven’t any purpose on ever departing, you nevertheless still need to consider the possibility of needing to find new work should your employer give you the boot or elsewhere vanish. So with that in mind, is your current employer providing you the methods to continue learning and staying together with the ever-changing technology landscape? That one isn’t dark and white, but many shades of grey.
As for your guilty conscience, neglect that. It must not be expected from either side. It’s the antithesis of business really. For what it’s worthy of, I was in your same position exactly. My first job I stayed at for 9 years, at a little company local if you ask me in the midwest.
Literally 2 developers while i started, and only 3 once i quit keeping track of myself. Everything was very comfortable, and I used to be terrified of the chance of leaving after i finally started searching because I had been worried about getting left out. I wish I quicker halted being scared. After finally working up the courage to leave that job, I’ve come to realize that work is absolutely what you make of it.