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Should I stay or go back to my old job?
Newbie
posted on Tuesday, 26 July 2011 00:48
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I worked in sales and as a newbie to the finance industry, I agreed to a low starting salary but I quickly became a top performer with top sales. As my boss said there was no way he could increase my base salary or promote me after working there for only less than a year, I switched jobs and joined another leading bank. The brand of my new employer is more prestigious and my pay is now definitely at market rate. However, my target is so much higher than before and the commission is also lower. The pressure here is so much greater too with a lot of politics at play. Before, I was the star of the team and now I'm just another salesman. My old boss wants me back and is offering me more money. What should I do? Should I stay here or go back to join my old company?

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2 Comments
Anonymous's picture
KP
Posted Wednesday, 04 January 2012 05:23 PM

I was talking to a recruiter, and she tells me that if i stay in a job for too long i am "a dead wood". Loyalty doesn't count. I am really confused with the job market here

Anonymous's picture
James Carss - Banking Career Doctor
Posted Friday, 05 August 2011 08:30 AM

Your dilemma is quite common and leads to several points that may help you reaffirm your priorities around career planning.

In a more buoyant job market, we tend to see new entrants or less experienced employees using roles as stepping stones to elevate their career and salary.

Not to sound inflammatory on this, sometimes it can be the only way to progress at a reasonable speed as we all have bills to pay. It does, however, lead to several areas of consideration.

Firstly, loyalty is rewarded and everyone must spend a certain time on a new role in which they demonstrate their ability, aptitude, attitude and general fit into that organisation.

It is important for you now to really assess what you want out of your career. Write down your short, medium and long-term career aspirations, including the types of environment, culture and people you want to work with and be realistic with timeframes.

It seems your previous boss is offering an olive branch for you to return under a better salary. Obviously, you must be well thought of there and have maintained a good relationship. You must really give this some serious thought.

As part of this process, talk to others and think about your role models in both organisations. Hopefully, this should lead you to achieve what you want. Be careful, though. Too much job-hopping shows a lack of focus and may not reflect well on your career at a later date.

So think this over before you take further steps.

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