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Job dilemma. Your thoughts please

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Hi everyone,

Been away for a while, but back now and glad to see some familiar faces. (Hi Hypno!)

Here's my situation. I have a good job that, although a bit dull, is fairly safe and has the security of a 3 months notice period like a safety net.

Like most of us, I face debts which I am trying to deal with by downsizing dramatically. (I'll post an SOA in the next couple of days.) But out of left field has come a new job offer which although better paid doesn't give me a safety net until I have served a 3 month probation period. If I don't shape up within that time, or business nose-dives, I'd leave with 2 weeks money and no job. The imapct on my finances would, of course, be catastrophic.

What would you do in my shoes? More money would be welcome, but at what potential cost?

Thanks for reading!

ndp
'Never leap-frog a unicorn'
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Comments

  • Tonylpool
    Tonylpool Posts: 322 Forumite
    HI NDP

    i
  • hypno06
    hypno06 Posts: 32,296 Forumite
    10,000 Posts Combo Breaker
    Take the "pay" element out of the equation for a mo - which one is the one you would enjoy most?
    Successful women can still have their feet on the ground. They just wear better shoes. (Maud Van de Venne)
    Life begins at the end of your comfort zone (Neale Donald Walsch)
  • Candy0107
    Candy0107 Posts: 1,645 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Name Dropper
    Hi,

    If I were you, I would take the leap. Save the extra cash in an emergency fund. Once you have a couple of months money saved, throw future earnings at debts.

    Good luck
    Debts at the start of my journey - about £23,000 lightbulb moment 01.03.2007 (1st payment to CCCS)..Debt Free Date 25.06.2013 Deposit savings £17,000/£30,000
  • nearlyrich
    nearlyrich Posts: 13,698 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Hung up my suit!
    I left a safe job last year for a new challange it was hard to make the decision because I had security and I could do the job standing on my head. I am so glad I did it, I earn much more money and I am more challanged every day.

    You have to decide if you can take the risk but I wish you well...
    Free impartial debt advice from: National Debtline or Stepchange[/CENTER]
  • Tonylpool
    Tonylpool Posts: 322 Forumite
    Hi NDP

    I am in the same position and have decided to move. My new job has a 12month probation. It is an increase and fuel costs alone will save me £100 a month.

    Also, it seems like you have got the job on your own skills and merits so there should be no reason why you should worry about probation.

    Of all my staff that I have employed, I have never finished anybody within their probation period! I think its a safe risk! Whats your gut feeling?

    Tony x
  • Deep_In_Debt
    Deep_In_Debt Posts: 8,579 Forumite
    Part of the Furniture 1,000 Posts Photogenic Mortgage-free Glee!
    Personally, I'd take the job with more money. I wish I done something similar a while back but hindsight is a wonderful thing.

    By the way, no job is secure. I thought that about mine. I was issued with a redundancy notice in May and due to the length of service with my company (12 years) I'm now working my 12 weeks notice, but at least I'll get a lump sum to make some serious headway into paying off my debts.

    Sorry I can't be much help. Good luck though (from a soon to be unemployed person!)
    Debt 30k in 2008.:eek::o Cleared all my debt in 2013 and loving being debt free :)
    Mortgage free since 2014 :)
  • normdeplume
    normdeplume Posts: 67 Forumite
    Part of the Furniture Combo Breaker
    Wow, turn your back for a minute... :)

    Hypno - I find change quite difficult and the thing about my current job is it's comfortably predictable and I have the support and the respect of the people around me. Changing job means having to forge all those links again and it might not be so easy.

    Candy - The money is tempting - 20% more than my current salary - but I'm not sure I'm worth it or can do the job to the standard that sort of money demands. If that makes sense.

    NR - I'm not sure I need to be challenged! I think I need to be secure. :)

    Tony - My gut feel is to stay because I hate disruption, but the money I owe might not allow me to stay put. I might not have a choice, but to take the better paid job. But it would be odd though to hire someone simply to get rid of them after 3 months, I agree. Especially as they approached me.

    DiD - I wish you well too. I know no job is permanent, but the safety net I currently have would help me make inroads into my debts if the worse were to happen. Will you find it hard to find another job?

    Thanks all of you for your considerate replies.

    Ndp
    'Never leap-frog a unicorn'
  • Deep_In_Debt
    Deep_In_Debt Posts: 8,579 Forumite
    Part of the Furniture 1,000 Posts Photogenic Mortgage-free Glee!
    Ndp, thanks for your good wishes. Without sounding big headed, don't think I will find it hard. There's plenty of temping work around here, I've already checked it out and I really don't mind what I do, as long as I have enough money coming in to pay my essentials and debts then I'll be ok. I live in a very affluent part of the country and checked out a few job websites today - to be honest, I went a bit boss eyed with all the jobs that were being advertised and am now more worried about what I want to do rather than getting a job so temping seems a good idea at the moment.
    Debt 30k in 2008.:eek::o Cleared all my debt in 2013 and loving being debt free :)
    Mortgage free since 2014 :)
  • Herewegoagain
    Herewegoagain Posts: 2,370 Forumite
    Debt-free and Proud!
    Because I've always been hard up for what ever reason, security has always been very important for me. But only you know what is important for you, what you will be able to cope with, so maybe you should do ur for and against list and then follow ur heart. Wot ever you decide, I wish you the best of luck xx
    lost 3stin 4mnths GC nov£90/£51.65 July£100/£97.67 Aug£90/£18.59
    LBM Nov05 Loan £4910.65 Paid April07 sealed pot challenge#256
    Nov06 CC £2,590.56 Paid aug07 + Savings07/08 Night Owl 22#
    Mortgage £87,000/£84,000/ £82,261.00/£81,785.30 £80,268/£75402.00/£71229.15 DFW NERD 987 Long Haul member 125 debt free 24th aug 07
  • Zazen999
    Zazen999 Posts: 6,183 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Hi

    I was in your situation about 18 months ago, with a very safe long running organisation at a decently high level; the money won for me.

    I told my self that I would only stay there a year, I left a year and a month later.

    And

    The company went into recievership 2 months after I left due to issues regarding inaccurate stock market profit reporting and inappropriate company purchases not being consolidated before buying out the next company they wanted. It was always going to be high risk, but I can rest easy that MY part of the business was indeed one of the few that was run properly and had a good profit margin.

    I learnt alot from seeing other departments and the way they behaved; I got to spend time with a PLC during good times and bad [in a very short space of time] and it gave me the negotiation ammunition to get a Director's job which I currently have now.

    it depends if you are the risk averse type or willing to take the hit.
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