Question from the community: 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?

Discussion (15)

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Silverspire

24 Oct 2024

I would pay the 3 months and go but do check around to make sure you know what you're getting into!

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Ymj Eunice

13 Oct 2023

Go for your dream job. The higher pay you get can offset against the liquidated damages. Since it's your dream job I'm sure you will make it work at the new place.

Most importantly, whatever decision you make, stick by it.

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