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Originally Posted by REDVAN
I wanted to share this, and find out what others think... never been in this position, so I don't want to upset anyone struggling to find work.
I've been at a place over 4 years, oil and gas related, but not in the exact field of my previous experience and education. This is a huge company, and they're experiencing major pandemic/oil price problems, but my specific group is doing very well at this time. I have a lot less seniority than some there, and although I think I am well-liked, it seems like there is chance for promotion/job change only after years more time at my current level. But it is a very good job that has allowed me to be home for the pandemic so far and stay employed.
I've now been offered a job at a new place for a significant raise, of course it comes with more responsibility, and a lot of high risk-reward potential. Small company, only been around a short time, and all that stuff.
What would you do? Why?
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As mentioned, try to analyze the companies financials to learn about stability. Not only that but really analyze personal financials as well. If the personal financial situation is one that requires stability it may not be worth the risk. If the boost in income with the new position allows for significant savings which could be used to offset a potential future layoff it might be worth it.
In my opinion it is also important to consider future employment potential. The new position, which is a more senior role, could lead to more opportunities if the worst case scenario happens and you end up in the job market again. At least you have that demonstrated senior level experience that you can use in the competitive job market.