I mentioned to a friend recently that I am the longest serving team member in my office, a stat quite surprising given the size of the company, for someone in their late 20's.
After some thought, he told me he was disappointed to see that I wasn’t "crushing it" as he put it, and simply coasting through my career.
He's correct - I am coasting, and I'm not being challenged by my job. I am however making progress, having been with the company for my entire career (seven years), I've had several promotions, and looked to be getting a further one towards the end of the year.
However, the sale of the business has been announced, and whilst retention policies are in place, I'm not necessarily guaranteed my next promotion. I will, however, get a decent severance package, potentially worth about 6 months salary, to stick around (plus other severance benefits, certain tax restrictions on share programs would be lifted).
The alternative is to take a new job, with a 20% raise (not on the table yet, but that's the market rate which ex-colleagues have been able to achieve).
Financially I'm secure, but not FI, with around 10-12 years of expenses saved up, but obviously still want to accumulate as much as possible whilst earning good money. Hence my hesitance to leave my current employer which offers a great pension scheme and benefits.
Given the sale process could take anywhere from several months to years, and little career growth can be guaranteed/likely, what are your thoughts?
Is this a good time to wake up, jump ship and start being challenged, or would this be a good time to wait for a decent pay off, then find a job?
