5 year old buck +
Thanks all for the great feedback. I haven’t been actively looking. This other company has been calling since an old coworker moved there. I think in the engineering world and probably like a lot of industries, finding someone with 10 years experience and could jump into manage projects is difficult to find so they are actively recruiting.
I have a good relationship with my boss so I think he would pull for what he could get but like you guys said upper management may not go for it. I guess you don’t know if you don’t try. Id hate to leave my boss hanging with all the work out there to get done right now, but it’s pretty significant money on the table for me.
In the long run it changes things things for my family for sure. We could pay off our land quicker and add to it if the opportunity came. Also we have old vehicles and I am just waiting for one of those to go, so the extra income more easily provides for things like that
It is a weird labor market right now...labor market is not growing, we are just replacing jobs lost during covid.
Currently employees have the upper hand and can demand beyond their worth ... that won't last long with current labor costs at ~50% of revenue when normal is 20-35%.
Regarding being happy at work ... happiness don't pay the bills. Your prime earning years are age 45-55. Make as much as you can between now and then, pay off debt, invest to the max, and the world will look pretty good as you will be in control of your destiny at 55.
The reality is ... a recession is coming. How severe is yet unknown. Hard to give you advise as i don't know your level for risk. Companies that are hiring fast and overpaying will drop people just as fast should the market turn down. The labor cost to revenue ratio will correct itself.
Employees today are too focused on "their" needs these days. While employers are having to accommodate these "needs" because of the current job market, that will change. Higher salaries will demand higher results, longer hours, etc. Most managers want employees in the office, easier to supervise, monitor their activities, and build teams.
As an owner, I want to see my employees busy, collaborating, productive, engaged, and producing results. In a world where many want to work at home in their pajamas, be the guy/gal who shows up every day, works the extra hours, and produces results. Trust me, being at work versus working at home is a great way to differentiate yourself and build strong internal relationships vertically and horizontally in the company. Many times it is the intangibles & leadership as measured by others that leads to pay increases & advancement.