Thinking About Leaving a Company After 37 Years for a 31.8% Raise
I've been with the same company (more than 70K employees) for about 37 years, and I suddenly got an offer from a smaller company. They're offering me $58K more than what I'm making now, which comes out to about a 31.9% increase. And that feels like a really huge pay bump. They also have a retirement plan with a 4% match, plus profit sharing in the range of 6-8%. The big problem is that medical, dental, vision, and other benefits are much more expensive, which reduces the $58k difference by about $22k, and I'd also be giving up 9 vacation days. The big company also has some other benefits that the smaller place doesn't offer.
I've been loyal to my current company for a long time. I have a strong retirement account, and I'm lucky that I started here before the company went public, so I also have a pension with them.
Now my current company, without me bringing anything up, is suddenly offering me a 12% raise. That makes the whole thing feel strange, as if they somehow know I have another offer waiting for me. $58k in additional income is a lot to walk away from, but I'm very conflicted about making a change after being with the same employer for so many years. Has anyone been in a similar situation before? Any thoughts or suggestions? Thanks.