Money Matters
AprilZ81
member
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Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
I have a job offer!!!!! (Need Advice Please)
I'm so excited that I have a job offer in hand! It isn't a perfect offer, but it is pretty good and I need some advice since I'm also waiting on another offer to come in but it might be awhile.
Job Offer:
-6 month contract with the ability to be hired full time
-$4,000 annual raise over what I was making at my last job
-No benefits until I am hired full time, possibly unpaid holidays since I'm working through a staff agency, I'm waiting on clarification.
I would normally jump all over this, the job sounds interesting, everyone I interviewed with seemed awesome and there is potential for growth in the department (which is rare for a corporate meeting planner). Even though this is a contract position it is pretty stable because it is because the need more people to help with the work load, this isn't just until one project is done.
Here is where I hesitate. My previous employer is doing a background check in preparation for making an offer. I emailed the hiring manager today to let her know I had another offer and to get a status update. She said there is a hold-up getting a dual role position approved (long story short is that they were hiring two positions, I'm qualified for both and they wanted to customize the role so I can do both at the same time) and she isn't sure when the approval would be finalized.
I have NO IDEA what the salary would be for that job, but it is a guaranteed work-from-home position and I would be able to restart my benefits right where I left off, including 401(k) vesting and FMLA eligibility. I would be willing to take a small pay cut from what I was making before for the reinstatement of my benefits plus the ability to work from home full time.
Here are my options, what would you do? I have to respond to the first offer by 5:00 on Monday and the anticipated start date is June 15th.
1) Take the first offer if I don't hear back from previous employer.
2) Take the first offer but be willing to leave if previous employer presents a compelling offer. (How horrible would this be career wise? I don't want to burn bridges or appear flighty.)
3) Turn down the first offer and wait for previous employer. (Not really considering this since for many reasons, but it technically is an option).
Formerly AprilH81
Re: I have a job offer!!!!! (Need Advice Please)
No, the hourly rate I get as a contractor is equal to a $4,000 a raise over my last salary. This is without benefits, but I can't imagine they would ask me to take a pay cut to make me full time. I would expect the same take-home pay but salary instead of hourly and then paid vacation, health insurance, etc. They would probably be about the same cost to the employer as what they will be paying the staffing agency I'm working with.
I like this idea. You don't want to put them off too long. But, what about a, "My DH wasn't available this weekend to discuss this offer of employment with me in-depth. As it also affects him and our household finances, would you please consider allowing me until Wednesday morning to get back with you?"
Or, you could do Tuesday at 5pm too.
Whether or not #2 option is a viable choice depends on a few factors. First, how tight-knit is your industry community? Second, how would you feel in your gut about leaving (the on paper decision and the gut decision can sometimes feel different)? Third, what dos this 6 month contract position actually mean - legally. Are you bound to them legally for 6 months? If yes, than no you cannot leave for a better job. If no, then I would consider leaving - they are only guaranteeing you 6 months of work. This other place is FT indefinitely. While you have no offer from there yet, IF you got one and worked there, you would then have more job security.
In theory I would love to ask for more time, but I know they have a second candidate that made it to the final round of interviews. I don't want to push it too hard in case they withdraw the offer. If I knew with my previous employer would get their act straightened out I would feel better about asking for more time.
The company I used to work for makes money from providing services for clients. The company overall is doing well, but my salary was not being paid for by clients so I was "dead weight" in the eyes of HR. I was providing a good service, but I was not the only one capable of proving that service so they split up my job duties and laid me off. This new position is 100% client funded and the contract with the client is good for another 2-3 years with the option of a 2 year renewal so it is as stable as it gets for our industry.
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I agree with most of the other PPs. If the job you were being offered was permanent, my advice would be different.
But it's not. You are basically working for a staffing company as a "temp-to-perm employee" for their client.
If I were in your position, I would take the current job offer...and then if your previous company comes through with the better job you want...then give the temp job two weeks notice and go back to your old company.
That is the chance companies take when they choose to use a staffing agency instead of hiring permanent employees, and they know that. I don't think there would be any bridges burned.
I've actually been on all sides of this table, lol. I've worked for a staffing agency where I placed people in jobs. I've gone through a lengthy interview process for a "temp-to-perm" position, that I did end up being hired permanently after 4 months of working as a temp. And I've also been the one who has hired and managed temps.
You might be surprised how many companies do their hiring this way. The downside is it is more expensive and it is more likely your employees will leave if they are offered a permanent position. But the upside is they can "test drive" an employee before doing all the rigamarole to add them to payroll...to their health insurance...to their workman's comp insurance, etc.
And it is a cautionary tale as well. If they don't like you for any reason, even something totally insubstantial, all it takes is a phone call to the staffing agency and say, "We no longer require the services of Employee XYZ." Boom. Done.