I know you are thinking what is the meaning of jump ship? Jump ship means you get a better offer and are thinking want to move on or not. The world is full of opportunities; it is depend on you want to grab it or not. But let be more cautious when new opportunities drop by. I like to discuss some important aspect when we evaluating new job offers.
Career Plan
You need to know will the new job give you better prospect in the future or just a financial reward. Your company competitor may want to get you in by paying you 50% above market value. But you need to think again about this offer. What happen if you don’t like the job and want to move on? Are you willing to take a pay cut of 40% as most of the company may not able to pay that high price. It happen to my friends and she is more happy now as lower stress and she is really enjoying her life and work. Secondly, you may have opportunities to promote to higher position in current company and just a lateral move in new company.
Financial Plan
Beside career perspective, you may want to take the risk for short term financial gain. What you can do is join the company and earn the extra income for your financial planning like wedding, investment, first house. Then adjust your career plan again. This is a path taken by most consultants especially for SAP or Oracle. The company pays you well, you work hard, you keep your money and you can use your saving for future investment.
Economy Situation
How is the economy situation going on in the world? Will there be a chance for retrenchment in your industry? Will you be the first one to be fire according last-in-first-out rule. Think about this carefully. If you are not sure, consult your friend or your senior, they will provide some advice from different perspective. And you will able to make a better judgment on should you leave now or stay on.
How is The New Company Doing?
This is very important and don’t believe the past achievement 100%. It is just a guideline. Why? You may hear a lot of good news from the new company when the economy is good. How about when the economy is going downturn? Last year, the company may be employer of the year. This year, due to economic crisis, they may have cut down many employee benefits.
I hope the above sharing will help you make a better decisions before you move from current job to the new job.