Leave a stable job for FTC? Advice needed

sh_222

Looking for opinions & advice on my situation!

Currently work for a large corp with good career progression, although slow, and is potentially somewhere I could stay with for life. Perks include offices around UK & world should I decide to up and leave. Working in an entry level role, not very challenging and the current team management is not great. However I cannot apply for internal promotion for 5ish months.

I have an interview in a similar role in a smaller corp, payrise of around 5K. It would very much be a side step in terms of job spec, however would give me time to study for further qualifications. Only issue is that this new role has been advertised as a 12 FTC. They have said there is potential for a perm contract after, but cannot guarantee.

I have no dependents and I am currently saving for a house deposit and paying off student debts.
Should I take a leap of faith for this new role, or stick it out at the current stable job? Any thoughts would be welcomed!

Amara

I think I'd stayed in currrent job. If you want to pay off debt and save, stability is the key. By the time your new FTC would finished, you can apply for promotion.

Les79

I would personally stay in the current job, but ultimately the decision is yours alone. Good luck.

TBagpuss

Given that you are likely to have opportunities for internal promotion etc within your current firm within the next few months, and it sounds as though there is likely to be more opportunity to progress in your current place, long term,

If you feel your are not challenged in your current role, can you think about any training or development you could do in your own time, to improve your prospects when the option come up. It sunds like it is a fiarly large org., is there any HR or internal training manager you could speak to about what you could do to improve your prospects moving forward.

That said, it sounds as though you are young and in a position to be fairly mobile, so if you think that it would be beneficial to take the the job, do that,

TBagpuss

Also, if you do decide to move, look closely at the benefits. The pay may e higher at the new job, but how does it compare when you look at other benefits such as pension contributions, time off etc.

Comms69

I would suggest that any term which says 'cant apply for promotion with-in first 5 months' isn't really a goal; rather a distinct warning.


I wouldn't apply for anything internal for at least 18 months.

jonnygee2

and is potentially somewhere I could stay with for life

Why would you want to try that? It looks terrible on the CV and these days there is barely anyone who won't be made redundant at some point. Loyalty to a company doesn't go very far these days, its a very fluid labour market.

Should I take a leap of faith for this new role, or stick it out at the current stable job?

Lots of factors to consider.

Firstly a contract doesn't make a job stable, it just means they have to pay you a tiny amount of money if they want to restructure and you've been there long enough, and makes you a little more difficult to get rid of. Stability comes from being part of a growing company and expanding industry, and from doing a good job so people want to keep you on. Are they in the same industry, and what's their strategy for growth? Are they currently expanding, stagnant or shrinking?

Also depends on how confident you are in your ability to do the job very well - if you smash it over 12 months you'll almost certainly get something out of it at the end. If you prefer to coast then you might suit a permanent contract more.

Finally, how many roles / companies opportunities are there for you. If you are, say, a back-end developer working in London you may as well take the 12 month contract, there's no way you are running out of work in 12 months time. If you are a trainee agricultural surveyor in Swindon, you may want to think twice before burning through two employers!

Personally, if the new company was growing and well managed, I'd probably take the pay rise.