Good company. Bad salary.

[dudung]

Would you accept a job offer for a higher position in an MNC which you like, but which is not offering you the salary that you want/deserve (in fact, the salary that this new company is offering you is way lower compared to what you are currently receiving in your present job)?

Why or why not?

[workaholic]

It would depend, I guess, on where I want my career to go at this point in time.

What makes this MNC attractive? If the compensation is terrible, will the experience and skills I will learn prove to be of immeasurable benefit later on? Will being associated with this company, a prestige in its own way, boost my stocks higher or make me more hire-able later on---as opposed to working in a smaller company that may pay me much much higher right now?

What about career paths? If I sacrifice my pay now, how high can I rise in this MNC?

I guess the bottomline is: whatever and how much you may sacrifice should be worth it later on. It must have a payback of some kind.

[dudung]

The scenario is that, one is presently employed in a "Top 20" Filipino-owned company. And the movement is to an internationally-recognized MNC (ranked around 100 in the Phils. top corporations). So basically the movement is from a big Phil. company to another big Philippine-based but internationally renowned MNC.

Yes, you are right. The reason why that MNC is attractive is because of the the level of experience, skills and responsibility that goes with the position being offered. In fact, in terms of money and all-the-employment-benefits-anyone-wants, I can safely say I've had enough from this "Top 20" company after being gainfully employed for 4 years. On the downside, I guess it will take some more years before I can get professional advancement from this company.

Should I sacrifice this material benefit over the "position" I've aspired for, regardless of the pay? You'll never know what the future awaits. I guess it's a big risk.

[lips]

I believe that you should do what makes you happy.

[ChiQuoH]

Maybe your answer to me before will help you decide.

Remember this topic;)
*** If you were in my Shoes..... (Help me decide)****

This was my problem before:
--------------------------------------
What company would you like to work in to?

Two companies:

1st company:
High paying salary with benefits, overtime pay and allowances BUT boring job, don't provide trainings and nakakabobo


2nd company:
Basic Salary with trainings, exposures, suited your interest and skills and it will surely improve your knowledge BUT no overtime pay (but you will have to stay in the office til night due to a lot of work) and no allowances.

Another Scenario:

For example you are currently working in the 1st company that I have described with a salary of 12T then this 2nd company offers you a job which is really challenging and the work is really suited to your interest and skill (not to mention that this job will surely give you a very high salary in the near future) but only offers you 8T or 10T since the job is different to your current job. Will you grab it?
---------------------


And here was your enlightening answer :)
---------------------------------------
Been-there-done-that. I've been through that kind of experience already. And in the end, I made the right decision.

My choice? Number 2!

This is my story:
Been working for company 1 for almost 4 years and then at that point I felt I already had all the money and benefits I needed and wanted from a company but I was "professionally empty."

So I moved on to company 2. The pay and even the package I got was lower than what I got from company 1 (and it's not just a matter of 5000 pesos...but more...five figures!). The company's location was even farther from my house (which makes it so inconvenient for me). However, I asked the company to compensate the lack for the "title" I'll get and the rank of my position (an officer level). It was a very good company, which has a very nice name as well. I enjoyed all the learning I got. But from the very start, I told myself I am only giving myself 1 year to reassess whether I'm going to stay longer or not in company 2. I spent the whole year in company 2 shedding blood, sweat and tears (figuratively and literally). Plus the fact that I also learned to complain because work that I do is not commensurate to the pay I get (yeah, that was part of the learning ).

Exactly one year after (on my first year anniversary), I quit company 2. And moved to a better company, which paid four-fold than what I got from company 2. As I look back now, I wouldn't have been where I am now had it been for company 2.

Anyway, life is one big gamble. You seal your fate with the choices you make. Good luck.

So what's your choice?
-------------------------



Guess what, I run my own company right now :)
Thanks :)

[dudung]

Thanks for reminding me of that old, old posting ;). Actually, the problem I posed above is just hypothetical. I wanna know how Pexers would think given the same circumstances that you and I went through in the past. Seems like nobody cared to think about it. And lo and behold! you still remembered my answer (or perhaps you have a lot of time on your hands? j/k)

But you know what? (This is an update ;)). Right now, I'm faced with the same dilemma. I'm entering my 4th year in this company which has given me all the learnings and money I could ever hope for. I have very good working experience here at the global HQ of an international PC company. But after these years, I've felt that I've already reached the peak of things I could ever learn from my job and from my company. I really thought that nothing else would be new. So now, I'm looking for the next challenge. The only reason that is keeping me from leaving this job right now is the "perceived recession" that is going on worldwide.

I have several choices: migrate to another country (and my papers are ready) at this time when there's a "perceived" recession (job hunting might be difficult though but if I accept a job offer in that country where my present company operates, it might not) ; go back to the Philippines (in the hopes of securing a much more high-paying job?), which my family and friends totally disprove of; start my own business (which I know well, but am scared to risk on my own considering it will involve big sums of money); or just continue on doing what I'm doing now (and defer my plans) considering that the world is bracing for a "tough time."

Of course, I'll do the thing which will make me happy :D. But I want to hear what others would do if they were in my shoes ;). Choices, choices, choices!

Congratulations to you ChiquioH! Seems like you made the right choice and you are happy with your choice. :D

[workaholic]

Dudung,

I'm really happy for you, because you have a lot of*wonderful* choices that many other people don't have. And I agree, it can be tough to choose. :) My one piece of advice for this scenario is:
follow your heart. What do you like doing best? Where do you see yourself ten years from now? Which job maneuver will bring you there?

Good luck!