Should I stay or should I go?

Anonymous

April 19,2022 at 4:31PM UTC

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Should I stay or should I go?

Hi everyone ?

I've been working at the current company for about 5 years already and from time to time I have small talks with HRs on LinkedIn to check out companies that are interested in me and to understand my current salary evaluation on the market.

I like my job: it has non-toxic environment, very clear tasks, good management, in-house employment, flexible schedule.

I've recently been reached out to by a crypto start-up, that is urgently looking for a person with my skills.

They offered me x3 of my current salary (which is a lot) BUT

they don't have in-house employment (I'll have to organize everything myself then, including taxes);
the company is about 5 months old and I'm a bit worried about the future
no social benefits

Current salary is satisfactory for me, but, of course, such salary boost seems like an amazing opportunity.

However, a big concern of mine is - are such companies actually reliable?

Another big concern is that I was planning for a child in about a year and my current company has a paid maternity leave + also the workload allows women to work part-time.

What should I chose in this case?

Thanks to everyone for reading this and sharing your ideas ?

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Sophie JoernApril 19,2022 at 5:23PM UTC
Hi there! This situation is becoming fairly common in today's employment market, including for myself! One thing I considered when deciding whether to pursue a new opportunity was my values. Similar to you, I have a very comfortable work environment with lots of perks, decent benefits, tenure, etc. For making the decision, I put a "dollar value" to these things and decided the increase in pay would not out weigh my current organizations offerings. Instead, I had conversation with my manager/HR about my salary and that I was receiving much higher offers for my skills. They let me know that they would conduct a compensation analysis to look at right-sizing me for my role. This way, I get to keep all the perks, including the intangibles like flexibility, plus receive higher pay, and the organization doesn't have to replace me; a win- win -win! Just something to consider :)
Jenn IslamApril 19,2022 at 5:51PM UTC
You're in a good spot, both are great options! Echoing comments, consider what you value more. Another thing to consider is that a higher salary comes with a cost - Do they expect you to work far more than 9am-5pm, do they expect urgency in everything, are there red flags about them on Glassdoor? It sounds like your current situation provides the stability you're looking for when you have a kid.
I recently left a great temp job (amazing culture, manager, policies, etc.) for a full time role that paid $30K more on top of having benefits, but the culture was so toxic and terrible that I was forced to resign by day 4. The company was in finance, in investment banking. I used to be all about taking risks but am now more on the conservative end of such.
Liz PerryApril 19,2022 at 6:40PM UTC
I would assess what your values are. It sounds like the company that you currently work at has a great balance, stability and set up. Yes, the new place would be offering you a much higher salary, but I would imagine that you're really going to have to work much harder to create processes, etc. While I haven't worked at a start up myself, I have friends that have, and they've experienced layoffs, a very high work load and little work/life balance, but a great salary. I'd ask yourself what your values are and what matters more to you, and then go from there. Good luck!
AnonymousApril 19,2022 at 7:15PM UTC
Do the math for taxes; benefits etc.
It's a startup so it could be gone or it could be huge. That's why they offer 3x salary. It's a risk. Not for the faint of heart abd certainly not a situation for someone looking for stability, reliability and predictability.
AnonymousApril 19,2022 at 9:29PM UTC
It doesn't sound like you are anywhere near ready for the risk, stress and uncertainty of a startup. Don't allow a 3x salary to cloud your vision. 3x is peanuts if you analyze the risk v. Reward
KatApril 20,2022 at 5:09PM UTC
The start up sounds like they're still figuring out what they're doing. Crypto isn't an established business, with lots of market swings. You'd be a contractor rather than an employee and there's little to no organizational structure or benefits. Yes, it's a lot of money, but it sounds like that's all they can offer. The company could fail in 6months and you'd be out of luck. Stay where you are, especially if you're planning on adding to your family. You need the stability and benefits where you are more than the stress of company that might go bankrupt and leave you with nothing.
QuasimodoJune 9,2022 at 3:09PM UTC
Which city are you from? I am in L.A. now and was also approached by a crypto company. So hopefully it wasn't one and the same company anyway. They promised huge salary and perks. But from what I see in your message, such game will not be worth the candle. Meaning that if you get to https://www.coininsider.com/bitcode-prime-review/ and start learning to trade autonomously while keeping your job as it, it seems better to me.