Well hello there 7f!
I am faced with a pretty substantial career decision in the next couple days and always value any opinion I can obtain. I'll be honest nobody here can probably sway me one way or the other, but I may be able to look at something that I am missing in making this decision.
Short explanation. Skip to cliff notes below if you don't want to read my wall of text.
I graduated in 2010 while working as an intern at my current position. After graduation I signed on full time. I've been at this current position since. The company is a small custom manufacturing firm. When I was originally hired everyone was on 10% pay cuts, since then a few things have changed. The company is still not quite profitable but we have moved to 5% cuts and every other Friday off, a 10% cut in time. Due to the financial situation that the current employer has been in since I began and the fact that it is a small company the benefits are lacking. No 401k match, high deductible insurance, no tuition, no bonuses, etc... I also haven't had a raise in my 3 year stint. All of that being said, my department, engineering, is not the issue. I enjoy the industry that I am in, I enjoy the challenges I am faced with, I enjoy the work I do, I enjoy my boss and I learn a great deal from him. The upper management and other departments, operations and sales mostly are what I feel the problem is and nothing, or not the right things in my mind, are done about it.
A new position has been offered to me at a different, much larger, company in a different industry. It is a 20% base salary increase from my current rate and will match 401k, has lower deductible insurance plans, an annual bonus structure, and a defined route for advancement.
After considering everything the only thing I could come up with as a con for the new position is that the it is three times farther away, about 80 miles round trip as opposed to the 25 miles I currently do round trip. I do enjoy the industry that I am in, and all things considered I'd rather not get out of it simply because it is interesting to me and I have developed a passion for it over the past three years. I also understand that I am relatively young and believe this is the time to go and diversify and find out what else is out there.
At my first performance review about a year ago my boss told me that he wasn't able to give out a raise at this time, but if I had another offer then he would have some ammunition to go and get a raise for me. So because of that I'm pretty sure that when I sit down with my boss in an hour they are going to counter offer with a higher base salary, but that doesn't account for all of the stability and other benefits that come from the new opportunity. I really can't see any reason to stay or accept a counter offer.
Sorry for the long post! I just want to make sure I am thinking this through thoroughly, and it helps to talk (or type) it out.
Current job - bad benefits, no raises, pay cuts
New job offer - great benefits, 20% increase, farther away
What do I do?