Compensation is an obvious thing to look at straight, but there are more subtle implications when it comes to compensation as well. To start with, look at it directly. Does your employer pay you the market rate? If not, you’re departing compensation up for grabs by staying at your employer, supposing you’ve attempted and didn’t convince the company that you’re well worth a market rate.
And low compensation doesn’t size linearly over time either, it substances. Assuming you’re saving up for pension with investments that have a rate of return, shedding out on compound interest for decades for even relatively small amounts of money adds up big time over time. 10 years ago rather than staying? Thinking about it like this, and suddenly settling for lower than market compensation sounds much less appealing.
- Why choose us
- 10% for your emergency account and future tasks
- Basic knowledge of a few of the macroeconomic factors that influence security prices
- Event Manager
- A desire to work in education non-profits
- Bachelor’s Degree running a business, business or related topics, CFA, MBA will be a plus
- Testing DB Schema and Datatypes
Similar, but not related to your payment straight, is generating potential. This one is harder to quantify. Maybe your company is paying you a fair market value now, but who says you need to stay in the same market permanently? Does your employer make it very difficult to get that “senior” promotion compared to just applying directly for a “senior” role somewhere else? If so, you’re fundamentally settling for a forever-delayed promotion cycle. Also related to generating potential, forget about climbing the corporate ladder, think about actual job responsibilities and the skills you gain while utilizing? It’s nice to think about your job as “stable”, but no for-profit company is immune system to market makes.
All the nice motives in the world won’t stop them from laying you off if they see earnings plummet for just about any reason at all. Even if you haven’t any intention on ever departing, you still need to consider the possibility of having to find new work when your employer provide you with the boot or elsewhere cease to exist. So knowing that, is your current employer providing you the means to continue learning and staying together with the ever-changing technology scenery? That one isn’t dark, and white, but many tones of gray.
As for your guilty conscience, neglect that. It must not be expected from either side. It is the antithesis of business really. For what it’s well worth, I used to be in exactly your same position. My first job I stayed at for 9 years, at a little company local to me in the Midwest.
Literally 2 developers once I started and only 3 when I quit counting myself. Everything was very comfortable, and I had been terrified of the prospect of leaving after I finally started looking around because I had been concerned about getting left out. I wish I stopped being scared quicker. After finally working up the courage to leave that job, I’ve come to realize that work is absolutely what you make of it.