Need advice on job offer

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nickbits

Diamond Member
Mar 10, 2008
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Say you have a pretty stable job and you make decent money already. What percentage increase in total compensation would it take for you to switch to a new job at a new company that is 6months old? Or do you think it is stupid to risk switching to a new company that has an unproven track record?

Also to take into consideration:
New company is made up of former co-workers (and friends).
Would mostly be working from home

ADDED INFO:
You currently make "enough" money
You have enough cash in the bank to last for about 2 years
Current company's only client is in an industry that is hurting (automotive but not GM/Chrysler)
Current company size is about 1500
New company has only 1 client currently
New company had about 5 employees
Low probablity of finding equlivant job to current job if new company fails (this is my main concern)
 
slugg

slugg

Diamond Member
Feb 17, 2002
4,723
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I would base it off of the company's investors. Check their track records...
 
Ns1

Ns1

No Lifer
Jun 17, 2001
55,420
1,600
126
Depends on how much money you have to last you when the company goes bust.
 
dud

dud

Diamond Member
Feb 18, 2001
7,635
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You have provided too little information to make an informed recommendation. IF you assume that the benefits are the same either way it would not take much of a salary increase for me to take the new job considering you are working from home (a big plus).
 
C

Chronoshock

Diamond Member
Jul 6, 2004
4,860
1
81
Originally posted by: nickbits
New company is made up of former co-workers (and friends).
Click to expand...

Any chance of a non-compete/non-solicit biting any of you in the ass?

Would you be getting a higher position in this company? Stock options? Room for growth?
How do your chances at a promotion/raise in your current company look?
 
G

ggnl

Diamond Member
Jul 2, 2004
5,095
1
0
Originally posted by: dud
You have provided too little information to make an informed recommendation. IF you assume that the benefits are the same either way it would not take much of a salary increase for me to take the new job considering you are working from home (a big plus).
Click to expand...

You'd also have to assume that the company won't go bust 6 months from now and leave him unemployed.
 
lokiju

lokiju

Lifer
May 29, 2003
18,526
5
0
I'd say 15% to jump ship to another company but to jump ship to an unproven company I'd need more like 25% at least.
 
Kadarin

Kadarin

Lifer
Nov 23, 2001
44,296
16
81
Originally posted by: slugg
I would base it off of the company's investors. Check their track records...
Click to expand...

Actually, this is the correct answer. Joining a startup can have huge benefits in terms of stock and work environment, but you need to try to pick a winner.
 
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