Lateral Move Redux

[F0017S0]

Original post: https://forum.whitecoatinvestor.com/...5-lateral-move

Update: Company filed for Chapter 11 yesterday. Probably time to start looking for a new job? Boss says she expects my team to be “safe”…

[zlandar]

Sorry to hear that. Yes I would be looking just in case.

Relying on your boss is problematic. Maybe she doesn't know the true situation of the company. Maybe she does and doesn't want everyone to jump ship if the outlook is grim.

[bovie]

You and your boss have potentially unaligned interests, when it comes to her disclosure of any information.

Definitely start looking.

[F0017S0]

You and your boss have potentially unaligned interests, when it comes to her disclosure of any information.

Definitely start looking.

Yep. She’s been “logged off” more often recently, so I’ve put out feelers and applications.

[jfoxcpacfp]

Just went back and re-read the original post. You’re due for some good luck for a change, hope it happens!

[F0017S0]

Just went back and re-read the original post. You’re due for some good luck for a change, hope it happens!

Sometimes I kick myself for leaving the last job; it was fun, stable, and took care of the bills. But oh well, time to look again sooner than I thought. Maybe the next move should be to a company with an actual product that sells…

[F0017S0]

Update: I received an offer from a very large, well-known medical system (System X) for a mid-level Clinical Research Coordinator II/CPT (phlebotomy technician) role. Standard full benefits, salaried role offered at $72.8k (range from the recruiter was minimum-$58.8k, mid-point-$79.5k, max-$101k). I have not yet disclosed my current salary ($55.29/hour, so $115k plus overtime).

As an academic hospital, I know I won't be able to match my current pay if they were to go to their maximum (they don't know my current pay), but I was a little surprised at not only the offer, but that it was below their midpoint given my academic pedigree and more importantly experience of about 5 years doing various clinical studies in adults/kids, drugs/devices, industry-sponsored/investigator-initiated, etc.

I also reached out to my contact at another large hospital (System Y) that is interested in bringing me on and gave him information that I have another offer and want to discuss specifics for their system soon (before end of next week).

Thoughts on how to proceed with the salary negotiation at System X and trying to get System Y to get in gear?

[Larry Ragman]

If System X offered then the negotiations are on. Tell them what you want it get in way of salary and why (because current salary exceeds their range). Give them a reason to believe they can keep you with them if their max range is lower (e.g., you are looking for stability.) perhaps engage them on their flexibility to put the job in a higher range.

[F0017S0]

If System X offered then the negotiations are on. Tell them what you want it get in way of salary and why (because current salary exceeds their range). Give them a reason to believe they can keep you with them if their max range is lower (e.g., you are looking for stability.) perhaps engage them on their flexibility to put the job in a higher range.

Absolutely, I am going to formulate a response this weekend with respect to (hopefully) a CRC III title and salary.

In parallel, I'll also be working System Y (already e-mailed them with an update that I have an "offer from [an unnamed] medical center" and want to discuss where we are at).

[Larry Ragman]

Re System Y does your contact have hiring authority, or is at least in recruiting on the HR side? If not, you need to get him to move you on to someone who does. I usually counsel folks interested in my employer to go to the HR website for the employer and fill out the application for employment independently from working the introduction. At least that way I can point potential hiring team leaders to an artifact in the system rather than leaving The engagement personal and open ended.

[F0017S0]

Re System Y does your contact have hiring authority, or is at least in recruiting on the HR side? If not, you need to get him to move you on to someone who does. I usually counsel folks interested in my employer to go to the HR website for the employer and fill out the application for employment independently from working the introduction. At least that way I can point potential hiring team leaders to an artifact in the system rather than leaving The engagement personal and open ended.

My contact at System Y (as well as the MD-trained Vice President for Clinical Research) both said that HR would reach out to me by the end of this week, but nothing yet.

System Y was a referral from a person I worked with previously, and it could be a serious offer. I am working on closing that "gap" by early next week as I negotiate System X...

[Larry Ragman]

Sadly your experience with the HR handoff is not atypical.

[childay]

Sadly your experience with the HR handoff is not atypical.

Try working at the VA lol

[F0017S0]

Update:

System Y seems to have gone totally silent at this point, so I am assuming there is nothing to be had there anymore. Too bad...

I did my best to negotiate System X; at the end of the day, there was no flexibility in the title and the "best, last, final offer" was for about $80k. As previously mentioned, System X is a large academic medical center that is very well-known, and this group is very productive having developed new diagnostic tests and secured at least one FDA drug approval. The huge downside is the pay decrease from my current role. That said, I spoke to some former employees who gave me insight into the decay of my current company, which included comments like "former executive refusing to sell the company to a huge, well-known technology company", "no products are likely to be forthcoming for at least several years", and "no idea what the funding situation looks like from 2024 and beyond". The new board has been running around the offices asking all sorts of questions and everyone seems on edge...

1. I realize that money isn't everything (though it is a significant part of everyone's life), but I presume that it is worth it to get out on my own terms and work my butt off at System X with the hope of securing advancement to make up the loss in salary? I have come to conclude that my current employer has been overpaying me relative to the market ($115k current versus $80k at System X).
2. The title System X offers is higher than my current title, which long term will be beneficial (as well as having the System X name on my resume).

Am I still nuts for leaving? I haven't given notice to my current company, but would likely do so this week...

[StarTrekDoc]

Money isn't everything. but job security and happiness takes primary position IMHO