So I have to admit, WF pays pretty darn good. I currently have remote exception, but expect that the location strategy will get me soon. I'm in a dead-end job too since I can't post internally without giving up remote. The stress is getting unbearable with the overall environment.
New opportunity came up with room to grow, fully remote, growing company. Is it worth a 10-15% pay cut to keep remote and have more opportunities? Upvote = Yes, Downvote = No. My fate is in your hands.
Wow, you must be paid well. I couldn't take a 10-15% much less a 20%. I would be eligible for low income housing in the area I live.
In my case when I really did the math, and considered how many hours of my life I would be sacrificing in a car that I don't have to sacrifice when working remotely... it worked out that I would accept up to a 20% cut in pay to keep working remotely.
Based upon the criteria you presented, then take the new gig. But there are many factors one needs to consider when jumping ship. The grass is not always greener once you arrive all buttoned down to your new gig. Good luck, you just might need it more than you know.
Are you close to an office and do you hinch it could be come a hybrid model for you (2-3 days a week)? Is your manager where you are or could you badge in a few days a week? I would think of thinks like that. Wfh definitely has a lot of perks besides saving time out of your day commuting. I have been remote for a bit now and my health has dramatically increased (less sickness, more sleep, less stress, eat healthier). To me that’s huge and may be worth the pay cut to some (factor in gas and car depreciation).
It is clear the culture is trying to be changed here. If they say hybrid, and people aren’t listening they could easily enforce it more. Just things to think about.
Well, I think it’s good to leave if you find something you like but remember there is always cr-p everywhere. There are worker shortages everywhere so no need to take a pay cut. Stay until you do better. Why loose seniority and start the grind for less? Believe me the grass is not siesta greener and yes Wells pays well. Even BofA is lower.
This thread has renewed my faith in this board. Many thoughtful and helpful tips to consider for all of us…
I was in your exact same shoe months ago and chose the WFH gig with pay cut. The new job offered me the opportunity to do something new and learn new skillsets along the way, so that will help me down to road if I choose to change jobs again for a pay bump.
Remember, life is too short to be stuck in a job you hate.
I'm assuming you counter offered? If it's only a 10% pay deferential you could probably talk them into matching.
I was one of the two who down voted. I’m all for leaving but hold out for more pay. If you are leaving here wiry a decrease in salary you aren’t looking hard enough. Be true to yourself!
I am in the same boat and it is a hard choice. It is hard to give up my seniority and take a small pay cut. Trying to weigh all that against a remote opportunity as well.
@wqc+1g96HxUb It’s not a big deal at all to me. They can call me worker, team member, employee, whatever! What’s silly about it is when the CEO making almost $25 million thinks it’s a big deal.
Ha...so does this other company call their employees. Sounds like that's a deal breaker.
It's hilarious when people bring that up. I mention Team Members to friends and family and they all look at me like I'm crazy. Then they go oh you mean employees. Yes, because that's completely normal for normal companies.
Research the new company culture. If it's even slightly better than the current company you're at, I'd go. If you are around motivating, happy people, that is priceless.
OP here. Wow, the tribe has spoken! +21
Thanks all for the input. It's nice to know I'm not alone at least. Good luck to all my fellow Team Members...errrr I mean employees! Sorry to be so culty!
The one caveat I have to this is that I took a paycut to come to Wells Fargo because it was remote and look what happened. They can always yank it away and they probably won’t give you a raise when they do.
Unless you can really map out your growth at the new place, and nothing is guaranteed, it could be beneficial to take a step back to take two steps forward. However, it would be tough to take a $10k-20k cut.
How much is your mental health worth to you? I'm holding for now, but have my limits.
Same situation. Sick to death of the 2nd world bureaucracy here, but the comp is a velvet coffin--about ~20% above market for my kind of role.
So it's a tough call. It depends on how good the other role is. For me, the break point would be about a 10% cut; maybe 15% if I really liked the role or hiring manager. Ideal, of course, would be to pocket 6 months severance and then a lower base would be a lot easier to take.
So far, my management has been in don't ask, don't tell mode about forcing RTO, so it's not urgent...yet.
I'd already be gone if those were my options.
Do it. I waited until I actually had to RTO to start looking. It’s a massive pain to both commute and take interviews at the same time.
I'm in a similar situation to you, and I would take a paycut like that for the right opportunity.