As I mentioned a week or so ago, I was recruited for a position with another firm. I didn’t end up getting an interview because the person I would be replacing had almost as much experience as I’ve been had time on this Earth. Nonetheless, it was flattering to know that someone was willing to pay more for my skills. I got another call from a recruiter and went in for a pre-interview on Friday. We went through the usual vetting process. I made it clear that I was happy where I am and if the company still wanted to speak to me, I’m up for it. These 2 experiences have helped me see more clearly what I’m (financially) worth.
It gives me a bargaining chip when the time comes. Not only are other companies willing to pay 25% or higher for my skills, I’m one of 36 people in the entire company with a Series 65 or 66. That’s out of 1500 employees. They’re getting me for bargain basement prices and they know it. However, I would need more than a 25% raise to take that leap of faith. Yes, yes, I know some of you are shaking your heads right now like I’m crazy. I probably am. Why would I turn down a 25% raise? It’s simple. I know my priorities.
I’ve had some really, really shitty bosses. Who hasn’t? I’ve been lucky enough to have one of the best bosses I’ve had in a “big girl” job for almost 2 years now. I know that my salary terms are hilariously out of sync with what I would be offered. While the recruiter said salary was negotiable for this position, I doubt they’d come back with another 25%. That’s what it would take for me to risk having another boss who makes my life absolutely miserable. The recruiter was very up front about the company. They’re a start up back office type clearing house. They’ve only got about 40 people, but the positions they’re looking to fill are all brand spanking new. I doubt they have the budget to give me a 50% raise.
I promise this isn’t a post strictly about my salary or me tooting my own horn *giggle*. It’s about knowing what trade offs you’re willing to make.
A wise person once said every decision is a trade off. What you gain on one side, you lose on the other. You may gain more money, but you lose security of knowing what you’re getting every day when you go to work. What you may gain in more personal success, you can lose in personal privacy. What you may gain in strength, you lose in flexibility (literally). What you gain in toughness, physical or emotional, you might lose in perspective. Hell, it could be as small as choosing ice cream over gummy bears because only one fits in the grocery budget. It could be as large as moving to another state and leaving the in person connections behind. It will take an unacceptable trade off or two before you figure out what’s worth it. I’m a firm believer in the benefits of knowing what you *don’t* want. Some people think that’s overly negative. I think allows more room for possibilities that never even crossed your mind.
As always, take everything with a grain of salt (a lime, and a shot of tequila). Consult your doctor before taking my advice. 😉
Motivational Tidbit Takeaway: Know what it’s worth.