Reply to New Job Offer-30% Less than Current Salary

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[quote=Anonymous][quote=Anonymous]I received a new job offer this morning for a role I'm excited about and has growth opportunity.  It's in a client services field. I'm currently working at a company in an internal function.

Issue is that the offer is $250K plus some unknown bonus depending on performance; I would guess 50-75K.  My current salary is 390K.  Some form of it is deferred comp to end of year but generally guaranteed.  Bonus amounts are only 3-5% more each year.  I think I'm on reasonably solid footing for the next 3 years here.

I'm dying in the current job and there's no real growth opportunity in salary or title (or franky work I'm interested in).  I'm the breadwinner and for the sake of this discussion, let's assume that this is the only salary we have.

1. What do you suggest in approaching negotiation?
2. What would it take for you to take an offer like this if I can't get the salary to budge?

Welcome any other thoughts. [/quote]

They won’t go from $250k-$390k.

If you need the money stay in your current role and budget!  Live off a $250k salary or less and then start applying for other roles.  That way if you get one you like or you get laid off and take a lower paying role you will be used to it.

People need to live below their means especially now with layoffs all over.

It might be hard to find a new role with the same or higher salary so if you really want to leave I would budget and start living on that lower salary while saving/ investing the rest.  [/quote]

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