I need some guidance.
I’m currently a Senior Recruitment Consultant at a generalist agency, and I’ve been here for three years. While I enjoy working with my colleagues and have a good rapport with the Managing Director, the company can be quite frustrating at times.
Lately, I’ve been working remotely due to road closures, which has saved me around £300 a month in transportation costs. The new job I’m considering would require me to commute to the office every day, which is about a 35-minute drive, compared to my current office, which takes 45 minutes to an hour.
My current base salary is £27,000, and I earned £50,000 last year through commission, primarily with fees capped at 15%. I’ve received an offer from a startup executive search firm that comes with full financial backing, offering a base salary of £30,000 plus commission. Their fees are typically over 20%, but their commission structure entails higher thresholds for reaching the more lucrative commission tiers.
The new company has made a strong effort to attract me, taking me out for meals and promising career advancement and greater earning potential. However, I’m hesitant to leave my current role, especially given the uncertainty in the UK job market and my mortgage obligations.
My current employer has significantly supported me in purchasing my home, my dream car, and has been understanding during some health challenges.
I would really appreciate any advice. Normally, I’d seek input from someone at work, but I can’t do that for obvious reasons. My partner has left the decision entirely up to me.
RCadmin
It sounds like you’re in a tough position, and it’s completely understandable to feel uncertain given the weight of your decision. Here are some factors to consider that might help you with your choice:
Job Stability and Risk: Startups can be volatile, and while the potential for high commission is enticing, it comes with risk. Given that you have a mortgage and financial commitments, think about how much risk you’re willing to take on. Do you feel secure in the startup’s financial backing?
Current Job Satisfaction: It seems like you have a good rapport with your team and the MD, which is important for job satisfaction. If you enjoy your current environment despite its frustrations, weigh that against the unknowns of a new position.
Financial Considerations: Calculate the total compensation you expect from both roles, including commission potential. Even if their fee sizes are higher, the thresholds may make reaching those bigger payouts more challenging. Factor in your current savings from remote work, too.
Work-Life Balance: Currently, working from home has provided you with financial savings and likely an improved work-life balance. Consider the impact of commuting every day on your lifestyle and how that might affect your productivity and job satisfaction.
Career Growth: The promise of career progression in the new role is appealing. Consider your long-term goals: will the new company help you achieve those faster than staying in your current role?
Support System: If you have a trusted colleague outside of your workplace, seeking their perspective might help. Sometimes a fresh outlook can clarify things.
Gut Feeling: Finally, trust your instincts. You’ve built a career for yourself, and it’s important to feel comfortable with the direction you’re heading.
Take your time to weigh these factors, and if possible, consider negotiating with the new company for a better commission structure before making your decision. Good luck!