I need some serious advice. Should I quit my current job to join my dream job but pay up 3 months salary as liquidated damages or stay put?
I am currently having on the job training for about one month. It’s my first job after grad and very relevant to what I studied. Just now another company which I really wanted to work for has reached out to me and wants to offer me a job with a 25% higher salary.
It is in a different industry and was my first choice when I was applying for jobs. I want to join them but I have a problem. My current company has a minimum commitment of 6 months and if I leave earlier, I have to pay 3 month’s salary as liquidated damages for the training and recruitment cost they incurred. The company that offer me the new job cannot wait so long as they too have a structured program for newbies and they only allow me 1 month+ max for me to join them.
I am really stuck.
Paying the 3 months penalty is painful and if I leave like this, I will not be able to return to this industry if the new job doesn’t work out. It’s a pretty niche area and people do know one another.
On the other hand, the dream job is one I had always wanted and if I reject this time, I probably won’t have a chance in future given the stuff competition and potentially future recession.
Should I leave or stay?
Here are what netizens think:
- Accept the preferred job. Ask whether you can negotiate on the penalty if you were to leave now.
- Not all contracts are enforceable. Just sayin’
- Dont waste money to pay back the comp. Just stay for 3mths then hop over or left with a mth then pay the balance n fly over
- Finish your contract first and level up before you go to the next stage. You don’t want to get stuck in a doldrums.
- Leave and pay the damages. The 25% higher salary will cover your 3 months damages in one year.