Currently with Cisco Base 29.5 Lacs, 15% bonus, about 22K USD Stocks per year which total CTC to approx. 51Lacs Situation at my group in Cisco is not good so need to change Have new offer at hand, Base 39 Lacs, 15% bonus and 8K USD stocks per year which total CTC to approx 50.5 Lacs My concern is part of stocks in Cisco are vesting in mid June (approx. worth 10.5Lacs) and new company is asking me to Join in first week of May. Potential loss if I join in May that I lose all stocks. Second concern is Cisco mid year bonus which is suppose to be paid on March 22 but if I resign in next week (considering 2month notice) may be manager will not pay me bonus (loss of approx. 2.25Lacs). Third concern is I did relocate using Cisco relocation policy with signed bond of 2years out of which 1 will be served by May. May need to return part of relocation bonus (don't know how much as it was managed move). Basically stuck at Cisco and want to join new opportunity considering it's good for my career. Should I bear this much loss just because new company is asking to join 1month and 10days before anticipated day? Please guide.
The desicion depends on how good is your new employer is, if it's an opportunity you should not miss then bite the bullet. Also talk to your employer, most likely they will give you time to join if you explain the situation and show your commitment to joining. If not an urgent hiring, the recruiter's only worry would be you negotiating with a counter offer or declining the offer. So take a call.
So thinking of saying politely no to company saying would be able to join only if joining date is extended. (With hope that they will say ok for later joining date). Bigggest Gamble of my life.
Just curious what grade are you in and how come you are getting 22k usd stocks ?
I have been in this boat before. Speak to your new potential employer and ask for additional time. Tell them your concern. They will likely help you out.
I have already spoken to them. They are saying they won't be able to pay me premium salary and wait that much. They have underlying risk of me not joining company if they give me more time.
If they aren’t willing to be flexible now that is a definite red flag for the future.