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And if you decline the offer....... Posted by Herb Hirsch [Email]  (#114)  [Profile/Gallery]
(more from Herb Hirsch) on Wed, 21 Nov 2007 20:22:16
In Reply to: OT: Opportunity for promotion - take or not?, Rod [Profile/Gallery]
, Wed, 21 Nov 2007 11:03:21
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It's not really clear what you mean by "I have the opportunity to pursue a significant promotion at work". Has an overture been made to you that you're expected to respond to.....or, is it a possibility that you could pursue with a likelihood of succeeding. The following thoughts are based upon the assumption that you have either been offered the position or you have been asked to follow up in some fashion.
1. If you decline the opportunity, how will you do that? And what will the consequences be? It may seriously diminish your attractiveness as a candidate for future opportunities.
2. The reason for declining has to be so solid that you'll still be THE CANDIDATE for the next opportunity. Short of a very serious family matter you may never be approached again. Asking your management to keep you in mind for the next opportunity is a futile exercise….unless you can excite them with WHY they should do so.
3. If you're well liked and highly regarded, and you decline the offer you may permanently change the dynamics of your relationship with the management in your company.
4. Yes, your wife will have to find a new job....at a higher salary!? You said that the position is in an area where "House prices and general cost of living will be higher". Salary opportunities may be better for your wife.
5. If you are being pursued (being asked to consider the opportunity is a form of that) your negotiating hand is much stronger. In addition to the higher salary and promotion you should consider asking for the following as part of the deal.....
- Relocation package including: purchase of your current house, moving expenses, house search time off (with pay), closing costs on the new house and money to help you get settled in the new house...to name a few.
- An employment contract
- Professional job search support for your wife
- Travel and lodging expenses for trips to the new location with your wife. And living expenses until you can move into the new house.
6. If...your employer is making the overture, a relocation package is a must-have part of the deal. Simply stated, it will cost you $20,000 - $40,000 to relocate. This is made up of sales commission on your present house, moving expenses to the new location, closing costs on the new house and some house hunting trips to name a few.
7. Think about where you want your career to go. If you’re 2 years away from retirement you probably should stay put. OTOH, if you have 20 years or more to go this step could reap benefits for those 20 years and beyond.
8. And yes, commuter traffic is a PITA.
posted by 205.188.11...
, Wed, 21 Nov 2007 11:03:21, Thu, 22 Nov 2007 07:21:29, Wed, 21 Nov 2007 20:22:16 <-- Viewing This Message
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