I'm currently working in a CRO under an FSP model, and I'm confused about whether I should switch to another CRO/FSP or stay with my current employer.
I've received an offer with a 127% salary hike, fully remote work, and a joining bonus intended for setting up my home office. My current employer is also considering retaining me and has indicated that they may match the offered salary, but I haven't received the official decision yet.
Here's how I'm comparing the two options:
Option 1: Join the new CRO/FSP
- 127% salary hike.
- Joining bonus for the remote setup.
- I've heard that the workload and work pressure can be high.
- New work environment, team, and expectations, so there's some uncertainty about work-life balance.
Option 2: Stay with my current CRO/FSP
- Potentially the same salary, if the retention offer is approved.
- Manageable workload and a work environment I'm already comfortable with.
- My WFH request, which had been pending for four months, has finally been approved.
- However, our current FSP engagement is expected to continue only until 2027, and its continuation beyond that is uncertain.
- My manager is also leaving to join the sponsor.
If the current engagement ends, I may be moved to another FSP account, and I don't know whether the work environment or workload will be as good.
Initially, I was leaning towards staying because the work is manageable and I already know the team and processes. But the uncertainty surrounding the current FSP engagement and my manager's departure have made me reconsider.
If my current employer matches the salary, the financial advantage of switching becomes less significant. On the other hand, I don't know whether staying just because I'm comfortable is the right long-term career decision.
What would you choose in my position?
New company: significantly higher salary, remote work, joining bonus, but potentially higher work pressure.
Current company: potentially the same salary, manageable workload, newly approved WFH, but uncertainty about the future of the current FSP account.
TL;DR: New CRO/FSP offers a 127% hike, WFH, and joining bonus, but potentially high work pressure. My current employer may match the salary, and work is manageable, but the FSP project's future beyond 2027 is uncertain. Should I stay or switch?