I have been working for a tech startup for a year now, and another year before that to its parent company. (Startup is actually a spin-off ).
I have recently asked, and given, a small bump to my paycheck. Mind you i did NOT ask the amount i really wanted and believed i deserved. The reasons for not doing so are plenty, the most important of which are these:
- The company has been in some economic struggles in the pas
- Although (1) is no longer an issue, we recently got a pretty big seed funding round, the company (CEO) has verbally expressed that they do not have the ability nor the willingness to offer big salary bumps. The reason, mainly, being that by offering big raises to their employees, they will significantly shorten the runway of the company
Fast-forward to present day. I have a job offer from another company that includes a raise of 50%! This amount of money is just a bit higher than my original expectations. I think this amount of money is pretty significant to ignore. That being said, i am having second thoughts.
During the interview process i discovered that the technologies being used at this new company are not that exciting nor cutting-edge. My current company, i believe, is in a much better shape in that regard. I would much rather use the technologies i am already using than the ones i would using if i take the new job. The same goes for development processes. Also, my current company is working on something very ambitious, which besides being exciting may have salary(and/or promotion) implications for me in the future. I can imagine getting a raise if the company has an equally big series A fund.
On the other hand, i would like to see how other people are working and get new experiences. The salary is much bigger starting now (no ifs and what-ifs) and not in the future. Also there is the chance we get a big series A but my raise does not follow suit or does not happen altogether. I can say this is a possibility given their stance up until now, in which case i would have blown a significant amount of money away and would feel a lot of disappointment.
So what should i do? Any advice on how to approach the situation? My dream scenario would be to present this offer to the current company and get a counter-offer for the same amount. But i have fears this might be kind of dick-move considering i just got a raise.
Please keep in mind 2 facts:
- I do consider myself to be very good at what i do and i have been repeatedly told so by upper management. So skill level may not be an issue for lack of willingness to be given a raise
- After being given the small raise (see 2nd parag.) i personally expressed my disappointment to my manager considering the amount. Mind you, i said this to the guy being directly above me in the company schema, with whom i have a very good relationship. I do not know if he transferred my concerns to upper management though