As soon as I started looking for a new job, I received several offers. Some of them pretty solid. However, I would not like to rush and take an offer immediately.
I have a friend who was eager to get out of here but ended up not very happy in the new company either. Maybe it's best to take advice from those who say that finding a job in this industry should be a one-year project.
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As soon as I started looking for a new job, I received several offers. Some of them pretty solid. However, I would not like to rush and take an offer immediately.
Just consider the message you are sending to these companies by waiting. If they're not your first choice of employer, then you probably won't stay very long which means they'll be reposting your job in 1-2 years and investing time and money in searching for a replacement employee. They'll probably pass on you and rescind the offer and give it to their number two choice.
Likewise, if you're currently employed, don't take the first offer unless it's a company you really want to work at. Be choosy and pick a good fit.
When I've been laid off as part of site closures, company closures, or company buy-outs, I've always had to take the first job offer that came along just to get an income stream going again. I've never had multiple offers at the same time to choose between. Usually that first job sucks and I keep looking for a better one. Depending on how badly the first job sucks will decide how choosy I am looking for the next, but it's not uncommon for me to turn down an offer or two because I didn't like the vibe I got during the interview. More often than not, I didn't like the vibe so much that the interviewer could tell that I was no longer interested and didn't bother to make an offer at all. I've even cut interviews short because of how bad a couple of the companies were. One recruiter was pi---d because the company paid to fly me 4 hrs to the job interview & put me up in a hotel the night before, but the company was too toxic to even consider joining. But, once I find a "good" company again, I usually stay until they get bought out, close the site, etc. I've never been laid off as part of a group less than 3000 employees, although a small 400 employee company would have laid me off if I hadn't seen the signs and quit 3 months earlier.
35% of my salary invested for retirement every year for a measly 11%. My pension after 12-years will be $2,500/month. I could never get that much with an IT company 401k unless I struck gold.
The key point there is AFTER 12 years. They'll find a reason to let you go before you reach 10 yrs so they don't have to provide your pension.
I had a company that made their 6% 401(k) matching contribution once a year for all employees on Dec 31st. When they decided to shutdown the satellite office that I was located in, they figured out how many people to let go before mid-June to get the office's headcount below 50 people. Then, they called everyone in on the Monday following the Thanksgiving weekend and gave us two weeks notice, plus an additional two weeks severance if we agreed not to sue them, and our last day of employment was Dec 28th, 3 days before they would have had to pay our full year's 401(k) contributions! Tell me that was not planned because they let less than a dozen people go to get our numbers to under 50 so that they could avoid the WARN act to provide job search assistance, additional notice, etc.
I wish you the best in getting your 12 years for your pension.
If you are working, weigh your options carefully. When making a decision, look at ALL the benefits. I spent many hours weighing the opportunities and offers, benefits and negatives of each. With my new job, it was going to be my last job so that played a factor. I want to work 12 more years. Many of the IT companies do constant layoffs and I did not want to be in that game anymore. Another offer, the highest paying with great benefits, would have been a 1 hour commute each way without any traffic. After considering everything, there was no offer that could compete with the benefits and pension with the job I took. It was also the least stressful and unfortunately the lowest paying. However, the medical insurance costs alone made up for the pay gap. On top of the pension, they had a 100% match for the first 6% in a 401k as well. I invest 11%, I get 6% to my 401k and they put 18% into pension and I put 5%. 35% of my salary invested for retirement every year for a measly 11%. My pension after 12-years will be $2,500/month. I could never get that much with an IT company 401k unless I struck gold.
If you can choose and wait, then in addition to new company interviewing you, you should interview the new company, specially the group and the manager you are going to report to. Any manager who doesn't talk about your role and your success in the new role is a bad tell-tale sign.
Look for the company and BU that is growing.
For technology roles, I will give 3 months. For non-tech management/marketing/product management roles, it may take longer. But depends on the technology and your luck.
I guess it also depend on that current situation. If it’s really toxic and hitting your mental well being. Then maybe leaving quick is a solution.