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I'm with cstone on this one. Otherwise, if you are that happy at your current job with such a bright future, I say stay there. Why even consider leaving?
I have done consulting work for both well established companies as well as some very well funded start ups and have seen a lot of people come and go with their jobs. Expansion can be tricky but if there is truly a good management team in place, they are well funded and what they are trying to accomplish is reasonable and realistic then yes it could be worth the gamble. If they are just shooting for the stars are taking a leap on expansion and they do not have the items I listed above then that may not be the right move. Depending on what level you would be entering their company I have seen many different incentive packages to entice executives and management level people to come in with large base salaries, sizeable cash bonuses and/or guaranteed stock options. Stock options (if an option) can be good in that there isn't a big cash layout that they need to offer up which can pay big time on the back end for you. These days you have to be careful, you don't want to find yourself out of work in 18 months and regret you ever left. Competent and strong management is KEY. Get advice from people familiar with your situation who may have some insight, trust your gut and keep the big picture in mind. Good luck...
Originally Posted by mackbamf
I would be part of that competent and strong management team and this is part of that management level people. I guess I am just wondering if I even bother giving them my "magic number". Yes we all have our price. I guess I am worried if they say, "When can you start?" after I give them my crazy number.
Then give them a REALLY crazy number.
My Feedback
"When law and morality contradict each other, the citizen has the cruel alternative of either losing his moral sense or losing his respect for the law." -Frederic Bastiat
"I am a conservative. Quite possibly I am on the losing side; often I think so. Yet, out of a curious perversity I had rather lose with Socrates, let us say, than win with Lenin."
― Russell Kirk, Author of The Conservative Mind
If you believe in the others around you and what it is this company is providing/selling then maybe it deserves some real consideration. I would now ask myself would you really like what it is that you would be doing at this new job? Good pay is obviously great but not liking your job, adding too much additional stress, etc. may not be worth it. Would you like working with the people around you, under you and especially above you? Again, this is something that may not be worth the money if it adds too much stress. When you say not as stable do you mean the company as a whole might not be around in 5-10 years or possibly this new expansion might not work and you would be let go? You have to weigh out the risk vs reward. You are being wise in not immediately chasing the money but sounds like it may have some real potential...
For me in that situation I would give them my crazy number. If they accept, your happy no matter what. It could just be the beginning of a negotiation, which could lead to almost being the crazy number. Benefits play a huge part, if they aren't on par that needs to be made up in pay. Toss the crazy number at them to see how they respond, worse case scenario they shoot it down. My reply would simply be " you asked for a number to get me to leave a job I wasn't interested in leaving, I wanted to see how serious you were". If it backfires you just go back to the job you are already happy at. Win win!
To me, this is a question similar to: You like your current house. Someone out of the blue walks up, knocks on your door and pulls out a suitcase full of money and says, name your price. If you start at a ridiculous number, you smoke out the fools and those who are not serious. No harm done because the worst thing that happens is you stay where you are already satisfied. If they come back at a number well above your current salary and the other terms are acceptable, you have a serious offer to consider.
I would never throw away a good, stable thing for anything less. Loyalty is extremely important to me. I don't give it easily and try never to break it.
Look at your total benefit package including retirement and healthcare etc. ask the new company what they offer. Then come up with a percentage above that number which makes the jump/risk worth it to move jobs.
50% or more would not be out of line IMO.
Stability is a major factor for me. No use switching to a new company for more $$$$$ only to get the boot in a year or so. Maybe sooner.
I did this for a %25 raise, they paid me for 4 months and worked me 5. Then 9 months of Obama funds before I found a job at the old rate.
Politely decline if you're happy.
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