Hey guys,
I’ve been working for the federal government since early last year, and now it looks like I’m going to have an opportunity to leave for a private sector opportunity with a large company making about twice the salary.
I’m waffling on this because after I was laid off in Nov. of 2008 it took me over a year o hard job-seeking to get back into the workforce. I also finished my MBA in the summer of '10, was able to speed it up thanks to the time laid-off.
I’m terrified of being just haphazardly and inconsiderately cut like my last company did with no heads up and a paltry severance, even though my salary with the government is artificially low (I’ve been long overdue for the pay-level the private sector job would pay)
I should note the government job will non-competitively promote to a pretty decent level, but it’ll take another year or so to get there.
I’ve always been an objectivist by nature, even before coming upon the teachings, and I totally live by the “you make your own destiny” philosophy.
What would you do if faced with this decision?
Advice I get generally depends upon who you ask; it’s either along the lines of:
- “Absolutely! Governments are havens of mediocrity and you can get your investment back on that MBA and make your market rate in the private sector.”
(These are generally people who have wealth to fall back on and I question their grasping of the concept of “I’ll have nothing if this doesn’t work out.”)
Or:
- "No way! You want to be forced back in line with the rest of the 1 in 5 Americans looking for a job?
Regardless of who you listen to, I can only remind you of how tough it was to be unemployed."
These are both accurate, and far as I can tell, very valid views.
Any perspective or anything anyone can provide that might make this decision a little easier?
I suppose a traditional view is that on a government salary, I have the security of not having to worry about being cut, but have to live with the fact that I’m “raping the system”. I agree with the philosophy and theory, but I question this, as I am actually doing work and providing value for my pay.
In private industry, I risk being with a company that won’t recognize my willingness and ability to achieve, missing out on advancement, or worse, being let go. The only two private sector employers I’ve had fit this mold, and neither were worth tooting your horn about being a part of.
This is a tough call to make.