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Should I stay or should I go now…

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Started by caffeinebomb (Caffeine Bomb) in Chit-Chat

I’m looking at a job opportunity but it’s a bit complicated and I’m not sure what I should do.

It is working for the same brand as I do at the moment, but the store is not owned by the brand in question, rather it is licensed to a third party, and it is them who I would be working for. The money is about the same, and the perks and benefits are broadly similar. I currently have a few share options with the company I work for, and these mature each year and I can then sell them - I would lose all of those if I moved. There is the vague possibility that the parent company might open a store closer to home which would be a better option, but I don’t know when and there’s no surety that I will get it.

The upside is that the new job is much much closer to home, and would save me about £300 a month on fuel, and about 7 hours a week in travel time.

I’m not going to blindly go with what you guys say but I’d appreciate your opinions.

Posted on Wed, 15 December 2010 at 11:23

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#1

Citizen Erased (confused again) wrote:

Hmmm, £300’s a lot a month - how does that compare with the value of the share options?

I’d be inclined to stay with the larger (and theoretically more stable) organisation - I suspect if the economy doesn’t pick up soon, third parties and franchisees will get squeezed by the bigger brands, I guess it could go the other way., but I think the big brand will look after its own first.

Posted on Wed, 15 December 2010 at 12:12

#2

chr1s (I can't remember my own name) wrote:

What CE said…

Posted on Wed, 15 December 2010 at 16:08

#3

Gav wrote:

I’d take the 7 hrs of free time every week. You won’t look back and wish you spent more time commuting. Over a year that’s a couple of working months that you could be doing something else

Posted on Wed, 15 December 2010 at 19:15

#4

caffeinebomb (Caffeine Bomb) wrote:

There’s no danger of the franchisee going under - they’re a multiple franchisor running about 30 different locations with 4 or 5 franchises in each location.

The share value kind of depends on the performance of the company - they’re at about a 5 year high now! Each time I sell my option sI earn about £1000, so I’ll get 4 times that back in travel costs. And the time is a huge draw too…

Posted on Thu, 16 December 2010 at 10:41

#5

Cuchulain wrote:

If the job is secure enough I would do it.
More on the plus side than on the minus side. The extra time for yourself and savings on travel costs outweigh the share options imo.

Plus a new working environment can be really refreshing.

Posted on Thu, 16 December 2010 at 12:03

#6

smeghead (Anna) wrote:

You maybe aren’t happy in your current place if you are thinking about moving. If the new place is secure then I would go for it. But make sure you’ll still have a job in 6 months!! You could put your shares elsewhere, perhaps?
Can you fish around for hints about the new store, of course…

Posted on Thu, 16 December 2010 at 18:20

#7

Citizen Erased (confused again) wrote:

if you’re confident that the new place is secure, then the money seems to make sense.

I’ve only ever had two jobs and in both the previous one and the current one, I kinda got a bit too comfortable and ended up wishing I’d left. Next year maybe…

Posted on Fri, 17 December 2010 at 09:41

#8

caffeinebomb (Caffeine Bomb) wrote:

To further complicate the issue I have just learned that the parent company is opening a store close to home - about 5 minutes up the road in fact from the one I am looking at- in June. (factor in builders and read September/October)

This will be v. busy and v. high profile, and will likely take a bit of trade from the one I am looking at taking a job with - doesn’t cure the career progression conundrum any though.

Posted on Fri, 17 December 2010 at 11:13

#9

CS (Colin S) wrote:

won’t you stick out yer current position until you get the new local 5 minute up the road store?

Posted on Sat, 18 December 2010 at 23:41

#10

the.jamo (jamie wallace) wrote:

what CS said, sounds like the new one will save you ime and money, however thats 7 hours a week less listening to t? albums on the commute to work! what do i know, being self employed and working on my lonesome lol

Posted on Sun, 19 December 2010 at 07:56

#11

Citizen Erased (confused again) wrote:

I’m inclined to agree with CS now too - ‘busy and high profile’ sounds like a chance to make an impression if things go well, without taking that huge a gamble…

Posted on Sun, 19 December 2010 at 11:59

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