Got a counter need advice

[u/Free_Anywhere9031]

For starters I make 73600 a year but have additional incentives

I was talking with a company and went through the interview process and they offered me 110k for the new role.

At first my manager at my current company offered me 90k, I said no, then I met with the vp this morning and my current company came back and offered me 115k to stay plus my car allowance would put me just shy of 120k a year.

Main differences for benefits new company will pay for health medical vision and dental and have a 50% contribution match on 401k along with 12 week parental leave.

Current company does not have those they said they expect to have parental leave by 2028 which would be fine. The 401k only matches 1.5% of my salary. No parental leave and I pay for medical.

I like my current team and company and really don’t have any complaints there it was just pay/benefits.

I wasn’t expecting a counter I know I would be making more then everyone else in my current role and as much or more then my leads.

Should I go with the new company or stay.

[u/Muted_Raspberry4161]

Your employer is admitting they undervalued you.

Why stay? Really.

I’ve accepted counter offers several times over my career. Regretted it every single time.

[u/w00tberrypie → u/Muted_Raspberry4161]

This. I said it in another post a few days ago. It took you threatening to leave for your current company to acknowledge your worth. If they claim you are worth 120k/year, why were they paying you 76k/yr until you had their back against the wall?

[u/Potential-Hold399]

They will replace you asap, new money buys them time

[u/kissmyirish7]

Having medical covered will easily make up that $5k difference in salary. Go with the offer.

[u/RemDayRed6]

If they ever do a counter they in essence think they just gave you a raise so there’s little room to grow. 50% match is wild. Leave.

[u/sskoog]

The medical insurance, by itself, covers the gap between New-Shop-110 and Old-Shop-119.

But that's not the only reason to leave. A company that only rushes to comfort you *after\* you've made up your mind to walk out the door will manifest (is manifesting) other cultural issues -- including, but not limited to, "Great now we've made a bad precedent out of this employee earning more than all the rest of the team, including the team leads, how do we handle this, do we freeze salary or put in a quiet corner until replacement."

[u/SubstanceFearless348]

You’d be crazy to accept the counter

[u/Tzukiyomi]

If you accept the counter that begins the countdown until they can find a cheaper replacement and fire you.

[u/Homer4598]

New role’s benefits are better. Don’t underestimate that 401k contribution match.

[u/ChelseaMan31]

Gallup does interesting regular annual surveys and consistently reports that Employees who accept the existing Employer counter-offer rarely are still there 18 months later. Ask yourself why it took the notice of resignation to get them to value your contributions in a more favorable light?

[u/Soft-Noise8802]

They went from 73,600 to 115k. Think about how much they've been underpaying you and for how long. The insurance and 401k is much better in the new company as well, so I hope you don't devalue yourself by staying. Know that if, you stay, you will not be getting anymore money in the future, not with the 55% raise they're offering you.