Tough call. You’re the only one with enough insight to determine which is the better choice. That being said, family owned companies can be a tough place to work depending on the size and how involved/ingrained the “family” is in the company itself. It sort of sounds like the family is getting less involved or is handing over more of the management over to third parties, which is a good thing in this regard. The more diluted their influence becomes for the day-to-day operations the less effect it has on things like career paths or promotions.
Sort of like the plumbing company my oldest son worked for that has 12 employees, including the owners. I used to tell him that it would be unlikely he would ever progress in the company, unless he married the boss’s daughter. The travel thing sounds like a wash other than the ability to stay closer to home and control your itineraries. That definitely has some value, but if you’re still going to be gone the same amount, does it really matter how far away you’ll be? Don’t forget to factor in the airline miles/points you can get out of travel, too, as that has value. The health insurance thing is a b*tch no matter how you look at it. PPO, HMO or HSA, you’re ultimately going to end up paying out the same amount, if not in premiums in deductibles. Do you want to have to rely on a bucket ‘o’ money to cover your family’s (and your) needs, or do you want to pay it out over time via payroll deduction? Don’t forget about your annual $2750 FSA deduction, too - that’s good money, as it’s pre-tax, you’re getting more value out of it that if you were paying for those expenses with taxable income. The fact that you’ve burned goodwill may not help when the hard decisions your current employer may have to or be in the process of making. Loyalty plays out heavily for most companies, even if you’re not a top producer or the most favorite person in the office. Keep that under consideration. Good luck. Keep us posted. -D > On Aug 14, 2022, at 7:10 PM, Kaleb Striplin via Mercedes > <mercedes@okiebenz.com> wrote: > > I am probably over thinking the situation but looking for input from you old > folks who have been down this road. At my current job as you may recall, we > went thru an acquisition last year and within 2 months they laid off half of > our department, and actually half of the entire company without any sort of > plan in place at all. It was months of guessing what was going to happen, > people scrambling to help cover customers etc. Our front line support and > data was mostly moved overseas to India. Since then it seems like they > continue to change the expectations, they seem to micromanage, have tracking > software on our computers etc, whatever. We have also in addition to the > folks laid off have continued to hemorrhage people to the point where there > seem to be very few people left in the company that actually know the > products fully. On the other hand we have had people leave then come back I > guess because the grass was not greener. They did change our bonus structure > to where it is paid on a monthly basis rather than quarterly. This has > resulted in most of us making more (sometimes a lot more) money. We as a > company apparently continue to lose accounts and from looking at the list of > new accounts coming on, I am thinking we are losing more than we have coming > on. > > A while back we went thru the standard annual review process and were told we > would be getting our annual increases in April. By May we still did not have > them and were told it should be soon and we would get retro pay. Last month > it was announced there would be no increases. It would not have been much > but was the principle. Basically it seems this is a company that can't be > trusted. However, they have been back to hiring more folks because they > figured out they let too many people go and did not anticipate the additional > people that would leave. We have recently had many product issues and had a > couple of times where our software went completely down, in fact it was down > most of the day the last day of the month when dealers are trying to get > deals done. > > Back to the bonus thing. They changed our bonus to where we are now making > more money, but what is to stop them from thinking we are making too much and > they change it again? Also, I just found out they are going to outsource our > implementations to a 3rd party company. This is basically where our > implementation folks would go to a dealership and spend a week training them > on our products and getting everything up and going. I am not sure how this > could be farmed out. If so, what is to stop them from outsourcing the > ongoing consulting and support my team provides? > > So, last year I had 2 job offers at the same time come in. I took one of > them, gave my notice, then the new company rescinded the offer the Friday > before I was supposed to start. I turned down the 2nd job and ended up > staying where I am at. I am sure this burned some, or a lot, of my equity > here. Last week I got contacted by a guy who was our top sales person. He > went to work at the 2nd company that made me an offer as their VP of sales. > They have since merged with another company and are in a big growth mode. > They do credit compliance stuff for dealerships. Anyway long story short, I > have another offer on the table from them. This time they raised their offer > by a decent amount. > > Now, here is the dilemma. It is a travel job like I have now, but currently > I for the most part just drive regionally. This will be back to national air > travel which I guess is OK. The actually travel time on the road at worse > case will probably be the same as I am now, or could potentially be less (2 > weeks vs 3 currently). The difference is right now I pretty much have > control over where and when I will be gone. With this job it would be a > little less flexible in that regard. > > The bigger question comes to pay. On the surface it is a pretty good > increase. However since they are a smaller company the insurance costs are > more. They offer a plan that costs pretty close to the same as what I > currently have but is a huge $12k family deductible. On the other end of the > scale they have a plan with a much smaller $1500 family deductible vs the $4k > I currently have. Running numbers, if I compare it to what I have made so far > this year, I would be making less after factoring in premiums. However, I > have no confidence that figure will hold true into next year. I have also > ran the numbers averaging it out over what I have made the entire time at the > company and in that case, I come out a good amount ahead at the new job. I > am basing things on a conservative estimate of bonus potential at the new > job. I can run a different set of scenarios and come up about even. > > So I guess those are the questions, there seems to be a culture of distrust > at current job, although I would imagine it to be secure but then again, this > is the company that laid off people with no warning and no plan in place. New > company seems to be on an upward trajectory but is small at the moment. They > claim to have a very low churn with employees. Those that come on board stay > for years. If pay is calculated on years past at current job, its a good > bump, but if it is compared with this year, its less. The mystery is if that > continues next year. Basically would be going from a very large > international company to a small family owned company that is in growth mode > that has recently partnered with a private equity firm and will potentially > be doing more acquisitions in the future. Anybody who has been thru a similar > sort of deal have any thoughts or input on things I might be overthinking, or > not thinking about at all? > > _______________________________________ > http://www.okiebenz.com > > To search list archives http://www.okiebenz.com/archive/ > > To Unsubscribe or change delivery options go to: > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > _______________________________________ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
