Ask HN: Advice on job/salary/etc
Situation: Currently employed by very small Indiana based Advertising agency as front-end developer. I have around 2 years professional experience and another 8 years experience working as a freelancer/tech geek. 24 yrs old. In addition, I handle our IT, dabble is custom software development, backend work, and a few other areas. I make $30,000/annual with no benefits other than vacation + paid sick days.
I'm obviously severely underpaid, but I took the job when freelance work ran out and finding a job in my city was hard. I needed any money.
Last week I asked my company for a raise, showing them I make at least $15,000 less per year than I should be and that I needed benefits. They just offered me $6000/yr raise and $100/mo for health. HOWEVER, they are requiring me to sign a contract saying I will not leave in the next year or I'll be penalized (pretty much refunding the salary increase). This obviously sounds like bullshit to me.
When they first presented me with the idea I said sure, just thinking about getting extra money. Now I'm having serious doubts and they're pressuring me to sign the contract because they think I'm staying for a year. As much as I love the job and the people I work with, I don't think I can afford to stay at $36k. I know they can't afford much more.
What should I do? Tell them I'm going to continue looking for a new job and risk getting fired or making the office atmosphere awkward and having my bosses harbor resentment against me? Just take the raise and sign and pay the penalty if I leave? Just quit altogether?
Help me out HN... What should I do?