Here's an enmail I recently received from a reader:
I'm 28 making ~$115,000 total compensation ($85k in salary). Working at a tech company and missed the last cycle of promotions (1.5 years into the role) the next role would be to manager. I would try to negotiate ~50% total comp increase.
I got a high score and at continued pace would be promoted in the fall (never guaranteed but will perform). What is your recommendation on staying versus leaving? I am still learning, but at a slower pace than I would like and management is giving me more responsibility. I like the team. I know I could, with some time and work, get a job at ~$150-200k total comp. at various other companies.
Most career situations are circumstantially based but wanted a discussion on:
- Tenure at company (does it matter - I still think it does somewhat)
- Getting to manager role (how did you get there and what skills should I hone?)
- Should I always be looking for the next best opportunity with highest or higher salary?
- Have you had situations where you 'waited' to get promoted?
What are your thoughts for him?