Are you thinking about quitting your job? Not just daydreaming … Are you actually on the hunt for a new job?
Well, you’re not alone! An estimated 96% of workers are looking for a new job right now according to a report by Monster.com. Another survey found that 1 in 4 Americans are looking to change careers next year.
So, you’re in good company as you look for a new company! But you also have a lot to consider financially … which is why we recommend following the CHAT framework. Let’s walk through it.
It starts with C … “compare” your new job offer to your current situation. Do an apples-to-apples comparison of the comp plans. Really add up what the total comp will look like over the course of the first few years.
Sometimes considering an offer with a slightly lower salary, but more opportunity to earn a bonus or participate in the company’s stock plan can more than make up for it.
Next, is H for taking a “hard look” at your current employer’s track record. Are the opportunities there to help you get where you want to go with your career? Inflation is driving up the cost of living, and sometimes the best way to make a leap forward in your career means you need to change companies.
The A in CHAT is for “analyzing” the intangibles. What’s it worth to you to be happy? There are things in life that don’t have a price tag. Weigh your current job with what you’ve learned about the new company.
And don’t forget T … take “time” to ask questions. Ask about growth paths, company culture, and all the benefits that matter to you.
It’s a great feeling to have a new job offer in hand. It’s an even better feeling to have confidence that you’re making the right choice.
So remember to have a CHAT with yourself before making a decision about that new job offer.
And if you need help evaluating your options, our advisors are a great resource. You’re welcome to schedule a call below.
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