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martureo · #3 04-04-2013, 02:42 PM

Quote:

Originally Posted by ruchase

Folks, I am looking for some insight and was hoping I can draw from some of your valuable experience...

Anyway, about 6-months ago, I took a promotion at a new consulting firm that requires almost no travel. It’s in DT LA which is a relatively easy commute for me. The work was challenging at first (dealing with financial problems related to distressed commercial properties), but I’m now getting the hang of it and actually enjoying it. My back ground is finance and prior to that I was an auditor for financial institutions, which required quite a bit of travel.

The current job has some perks, such as minimal travel, eventual telework (up to 3 days from home) and generally nice people. However, I do miss some aspects of my prior work, mostly because I enjoyed the change in pace, and the responsibility (I had seniority).

The dilemma I have now is that my prior employer has an opening, and they really want me back. My current employer is going through some minor cost cutting, so there is a slight reduction in my pay (bringing me in line with my last job); however, my boss assures me they will not let me go.

My prior employer has slightly better benefits (they pay more towards 401k matching and employer contributed health insurance premiums), but they cannot give me a pay raise at this time; however, I can promote relatively easily if there is an opening.

If I was to go back, I would be making exactly the same pay that I’m making at my new job (due to their cost cutting) but a little more 401k contributions. From a personal development aspect, the banking finance sector offers a lot more potential (and I would be more marketable in the future). However, I feel terrible about the people at my current employer, as they have tried very hard to make me feel welcome, and they always go above and beyond to help me with new assignments. In fact, I learned after that they turned down more qualified candidates to specifically hire me. Also, the banking finance sector can get very stressful and cut throat at times, while my current job is relatively low stress. However, the stress did not really impact me, as I was always able to meet my deadlines.

So in summary, I don’t really know what to do at this point…

Thanks for any insight.

If they are about the same in salary then for me the decision would come down to.

1) Personal satisfaction.
2) Job Security.
3) Image on the resume.

The only thing I would worry about is whether returning to your former employer would be seen as jumping from one job to another. It would make you look a bit of an investment risk if you ever went on to another future employer. I'd say it was a good move if you could guarantee the security of your position at your prior employer.