- #1
jaredmt
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I have a situation and I wanted to know what the Engineers on this forum thinks of it and maybe some advice.
i work for a small company. 3 people left including my supervisor. it is now just me and the owner as far as engineers. then just one guy to do packaging.
This is one of my first jobs after graduating with B.S. in Mech Eng. been working for 3 months now.
I have a lot of responsibilities. I practically run the company. but i make nowhere near the starting salary for mechanical engineers. my boss knows i won't be truly happy until i do. but he claims at a later point i could make 6 figures, (which might be true as long as he doesn't rip me off.)
so here's what is definitely going to happen now:
-my supervisor just left. I am taking on all projects now
-im reorganizing things. updating information.
-my boss and i will cancell all projects that are not making money and move forward with the rest
-we will only take on good projects from here on out, which means we will have less issues to deal with (will loose less $) and will finish projects faster and likely take on projects at a faster pace(= more $).
-my boss and I will renegotiate my salary including a bonus on all the projects. he mentioned 10% of profits + base salary
so assuming we take on 2x as many projects and deal with much less issues, this company truly will make significantly more money. I have potential to make a lot here. but the questions are:
1) when? it could happen within a year or it could take 5 years for all i know. and i make nothing right now
2) How much can i trust the owner? how fair will my salary be? as the company grows I would expect to always be right under the owner, making the most out of his future employees. What if he decides to let me go and have someone work for less (way in the future when I am actually making $$)
so what would you guys do?
a) see how things go. maybe i'll hit a jackpot and make 6 figures at this company. or maybe i will still make nothing a year from now and this will have been one loooong internship with great experience
b) find a new job and run
i work for a small company. 3 people left including my supervisor. it is now just me and the owner as far as engineers. then just one guy to do packaging.
This is one of my first jobs after graduating with B.S. in Mech Eng. been working for 3 months now.
I have a lot of responsibilities. I practically run the company. but i make nowhere near the starting salary for mechanical engineers. my boss knows i won't be truly happy until i do. but he claims at a later point i could make 6 figures, (which might be true as long as he doesn't rip me off.)
so here's what is definitely going to happen now:
-my supervisor just left. I am taking on all projects now
-im reorganizing things. updating information.
-my boss and i will cancell all projects that are not making money and move forward with the rest
-we will only take on good projects from here on out, which means we will have less issues to deal with (will loose less $) and will finish projects faster and likely take on projects at a faster pace(= more $).
-my boss and I will renegotiate my salary including a bonus on all the projects. he mentioned 10% of profits + base salary
so assuming we take on 2x as many projects and deal with much less issues, this company truly will make significantly more money. I have potential to make a lot here. but the questions are:
1) when? it could happen within a year or it could take 5 years for all i know. and i make nothing right now
2) How much can i trust the owner? how fair will my salary be? as the company grows I would expect to always be right under the owner, making the most out of his future employees. What if he decides to let me go and have someone work for less (way in the future when I am actually making $$)
so what would you guys do?
a) see how things go. maybe i'll hit a jackpot and make 6 figures at this company. or maybe i will still make nothing a year from now and this will have been one loooong internship with great experience
b) find a new job and run
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