Just asked to name my salary to leave current job.......

[mindfold]

A little background first. I am very happy with my current career and future with this company. In fact I just got my yearly review. I have a bright future with a very stable company. Out of the blue an ex-coworker of mine calls me. His brother is a president of a company in my field and is expanding.

After a short conversation he tells me why he is calling me. I was honest with him and said I am very happy where I am at and I am not looking. Then he says," I need a number that will make you leave where you are".

Of course I laugh but he is serious and he wants a number tomorrow.

First of all, do I even bother giving him a number? I know money is not everything but it sure makes life a little easier.

Second, if I do give him a number, what % increase would you need to move on to a better job but maybe not as stable. My current company never laid anyone off this last downturn. That is a VERY big deal.

I know there are other factors like locations, future growth, ect. All those are pretty much the same.

[cstone]

Double your current salary and better benefits. If they are serious, they will begin negotiations.

A bird in the hand is worth two in the bush.

[mindfold]

Double your current salary and better benefits. If they are serious, they will begin negotiations.

A bird in the hand is worth two in the bush.

Retirement benefits cannot match where I am now. "Double your current salary" is not a serious response. I do not want to burn a bridge. These kind of connections with this level of people is not to be taken lightly.

[OtterbatHellcat]

Will you have to move self/family out of state in the process? If you can name a number and they'll pay it, consider it for sure.

Bitch is, showing your loyalty to the folks that employ you now might pay dividends in the future as well.

50% is clearly on the high side, but if they offer 30%...it would be tough to not make the move to the new folks.

[TFOGGER]

If they can't match the retirement, 1.5-2x is not unreasonable. Benefits always need to factor in.

[OtterbatHellcat]

BTW...you need an apprentice?

lol

[hollohas]

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?

[mackbamf]

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...

[mindfold]

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...

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.

[HoneyBadger]

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.