u/FantasticPlatypus29 — reddlx

Hello group,

I need some help here as I have been asked to apply for a promotion and am considering it.

Stats: Energy Industry (very stable)

Been with the company and current role for 2 years.
Current Comp: $138k +10% bonus + pension
Total Household income $220k in medium COL area.
Current Role: Highest level IC
40 hr weeks, not a lot of work stress outside of corporate nonsense.

New Role:

Manager of long-standing (decades) team. Team is currently 15 people, will be split into two regions and teams of 7 & 8. I like and respect the current manager who I will split the team with.
New Comp: Pay range of $135k-$200k (I would likely land somewhere in the $160k range)+ 15% bonus + pension
Estimated 45-50 hr weeks, on call during adverse weather. Hard to know how much extra stress due to current manager handling much larger team.

Considerations:

This role is not guaranteed, I have to interview for it and go through all the hoops.
With the pension, I don't ever plan on leaving this company if possible. Ideally this role would open up in 4-5 years when I am "ready" but the timing isn't up to me.
If I turn down the promotion, I might be tanking my internal reputation.
I have a 6 month old and 3 year old at home. Wife works but is off (unpaid, yay USA) until the fall. 2 in daycare starting in the fall, will be expensive but we can handle it.
Our bills are paid, we are saving adequately for retirement, and we are not financially stressed even if month to month $ is tight

Deep down I don't really think I want this, but I feel confident in my ability to do it and the company has been having a very hard time filling the role (multiple re-postings of position) due to a very unique skill set.

Appreciate all of your thoughts on the trade off between time and $, especially in these precious early years.