What am i worth?
Discussion
Jasandjules said:
Olivera said:
75k! Crackpot stuff 
Have you ever dealt with the seriously, and I mean seriously wealthy? Money isn't as important as the right person. And they will pay to get what they want.I genuinely have no idea what a full-time chauffeur is worth, but I think all the 'money means nothing to these people' posts are somewhat wide of the mark.
Having read the OPs post and having some familiarity with the ways that such families work I'd be looking to settle on 75k a year, justified by laying out exactly for the money man what you do that is over and above the norm for that role.
U-HNW families (and this family seem to qualify) value trust far more than money and will happily pay a substantial premium over market rate to secure the right person.
Good Luck
U-HNW families (and this family seem to qualify) value trust far more than money and will happily pay a substantial premium over market rate to secure the right person.
Good Luck
it isn't the family that are hiring him. It's the 'money man'.
Oh how wrong you are....
Guess you have never been in among the elite... were not talking well off here but those that are in the upper echelons of society and I can tell you they really value the worth of the person and that isnt measured in pounds and pence.
In these circles the OP is already in the team. And its a team, thats how the view it, the establishment. And getting the right folks for the right positions takes a lot of doing. If they find someone that fits and does the drill then the family wont care too much about the money. Its not about the money.
If they are bothering about money then they are not in the seriously rich bracket.
Oh how wrong you are....
Guess you have never been in among the elite... were not talking well off here but those that are in the upper echelons of society and I can tell you they really value the worth of the person and that isnt measured in pounds and pence.
In these circles the OP is already in the team. And its a team, thats how the view it, the establishment. And getting the right folks for the right positions takes a lot of doing. If they find someone that fits and does the drill then the family wont care too much about the money. Its not about the money.
If they are bothering about money then they are not in the seriously rich bracket.
I'm friends with a girl who's father is a UHNW individual - I expect it to be roughly low billions but I have no idea. He had furniture delivered and the guy that carried it upstairs to their apartment was requested by the family to go back and move some stuff around. He did and even offered to help them with a few other smaller jobs whilst he was there as it was 'no trouble', the driver just lifted the furniture and went and sat in the van.
The father of the girl, phoned the furniture shop, told them he was having the man work for him and that was that. He hired the man the next day, paid for the man to do a driving test, bought him a car and put up with his terrible driving for the few months after he passed his test just because he was the right man for the family. Native Spanish speaker, lived close enough in East London, trustworthy and proven to be helpful even when not being financially rewarded.
I have no idea how much it costs to put someone through a driving test and get them passed first time. I have on idea how much it is to insure them on a huge Mercedes AMG saloon car but he was driving it 3 days after passing his driving test! He's trusted to pick up clients and friends from the airport, and he's privy to lots of sensitive meetings that often happen in the back of the car between investors and the father.
This is a man that pays more than £15,000 per month on rent on their London flat and ONLY flies via his private plane. His plane is also taking 4 or 5 trips per month back and forth between Miami & London for his daughters coming and going between the 2 homes. Considering the girl pays thousands for her gym membership each month. They only eat ordered food for every meal of the day which is collected by the driver and the maid. Bear in mind I had lunch with the daughter and the father once on 2 separate occasions and both times the bill was over £700 for 2 people dining. I once left a memory card in the car after taking some photos with the daughter and instead of having someone stick it in an envelope and putting it through the mail. They had the driver hand deliver it to me 50 miles away via car.
£75k to this man is probably like that 50p you've got on your windowsill that's just always there. I imagine that's what it's like for the OP's potential employer too.
The father of the girl, phoned the furniture shop, told them he was having the man work for him and that was that. He hired the man the next day, paid for the man to do a driving test, bought him a car and put up with his terrible driving for the few months after he passed his test just because he was the right man for the family. Native Spanish speaker, lived close enough in East London, trustworthy and proven to be helpful even when not being financially rewarded.
I have no idea how much it costs to put someone through a driving test and get them passed first time. I have on idea how much it is to insure them on a huge Mercedes AMG saloon car but he was driving it 3 days after passing his driving test! He's trusted to pick up clients and friends from the airport, and he's privy to lots of sensitive meetings that often happen in the back of the car between investors and the father.
This is a man that pays more than £15,000 per month on rent on their London flat and ONLY flies via his private plane. His plane is also taking 4 or 5 trips per month back and forth between Miami & London for his daughters coming and going between the 2 homes. Considering the girl pays thousands for her gym membership each month. They only eat ordered food for every meal of the day which is collected by the driver and the maid. Bear in mind I had lunch with the daughter and the father once on 2 separate occasions and both times the bill was over £700 for 2 people dining. I once left a memory card in the car after taking some photos with the daughter and instead of having someone stick it in an envelope and putting it through the mail. They had the driver hand deliver it to me 50 miles away via car.
£75k to this man is probably like that 50p you've got on your windowsill that's just always there. I imagine that's what it's like for the OP's potential employer too.
Edited by ashleyman on Monday 4th July 19:40
ashleyman said:
craigjm said:
I think I would forget that too if I had the chance of a billionaires daughter haha
I can't say it hasn't crossed my mind but I'm happy where I am. I once had a lead in to doing some work with/beneath Muammar Gaddafi, our American friends put a stop to that.
I'm sure I dodged my second bullet by missing out on that one.
TheExcession said:
ashleyman said:
craigjm said:
I think I would forget that too if I had the chance of a billionaires daughter haha
I can't say it hasn't crossed my mind but I'm happy where I am. I once had a lead in to doing some work with/beneath Muammar Gaddafi, our American friends put a stop to that.
I'm sure I dodged my second bullet by missing out on that one.
s off just about every serious agency and even got a couple of visits to his house when he got home, just for a chat of course.. He said that worse than all of that though was the amount of stupid requests (along the lines of can you fix so and so's daughters iphone screen) he got when out there and the midnight meetings in bizarre locations.
FWIW the work he did was related to phone interception capabilities in the country.
Silent1 said:
FWIW the work he did was related to phone interception capabilities in the country.
That sounds horribly familiar, fk knows how they 'found' me., I was ex satellite comms at the time.My 'opportunity' was more along the lines of IT services for gambling on race horses, it was loosely disguised as putting IT systems in to schools in Libya in order to 'help all their kids'.
TheExcession said:
It's such a different world though isn't it. Them and us and them and that awful dichotomy of joining the big club whilst all around you are struggling.
I once had a lead in to doing some work with/beneath Muammar Gaddafi, our American friends put a stop to that.
I'm sure I dodged my second bullet by missing out on that one.
Very much so. For me, it's insane to think that someone is so wealthy, they do not consider my monthly salary enough for dinner. That my yearly salary is no more than a cheap throwaway toy. I tried to work it out and my personal expenses are something like £2100 a month plus savings and spending money - this family must have been spending £30/40k just on their basic bills/food and subscriptions (like gym) per month. I once had a lead in to doing some work with/beneath Muammar Gaddafi, our American friends put a stop to that.
I'm sure I dodged my second bullet by missing out on that one.
I have a sneaky suspicion that so many of these UHNW people are into naughty stuff. My exposure to that world in the short doses I have had make me feel that so much goes on behind closed doors it's definitely possible to shape the world between the few wealthy/powerful ones.
Thanks again all for the responses. Just got back from my little jaunt on the F1 job so as much as i'd like to, I just have not got the time to reply to all the various valid questions raised. I have read all the posts and hope this covers the figure I have come up with and my workings out to get there. Some will say its too much, some will say its maybe not enough and others will be a bit MEH. The thing is, as I haven't been in this position before, (negotiating my OWN wage deal) I do genuinely appreciate peoples input 
Hopefully I'll cover most of the bases.
Here are a couple of blank lines for certain peoples benefit
I'm going in at 50k. I would, (personally) be happy at 45k. For me 45k is a very good wage right now. This is because I've just been through the 2 hardest years of my life for various reasons that a lot of you know. I'm not greedy, and never have been. When you've had a decent crack at life and its all robbed from you for an unbelievable set of crazy circumstances, all you really want out of life is a fair crack of the whip without being had over a barrel. I kind of feel that's where I am currently at.
50k is what I think I'm worth and here is why.
At its height in the summer season, which is right now, I am averaging 80 hours a week and it seems to be for a 14 week period of the year. That equates to 1120 hours. I also get no guaranteed hours or days off in this period, you just have to be available. I know this would be unacceptable to many, but it's just the industry i'm in and as stated I can deal with that, my choice for a "better" life. I also spend on average 5/6 days a week on site, so not sleeping in my own bed. Not ideal I know but just trying to get back in front.
Lets say the other 38 weeks are at the 50 hours a week that the 'MONEY' man says I will work
So that is 1900 hours.
If i'm doing this right, (probably not) this equates to a total of 3020 hours for the year. In the quieter season I will always be doing the minimum 50 hour week, and although it probably won't be that often I do have to make myself available at weekends/out of hours should a family member arrive.
Working on this as a basis, thats £16.55 per hour, pre tax, so approx £13.25 per hour take home after a rough working out of tax and N.I. Thats based on the 50k figure.
Have I missed anything??? I probably have.
A few people have come up with much better figures than those I will be asking for and as much as I would like/or may be worth it, sadly 75k is never going to happen. It should but its just the industry I now currently work in and as much as I or anybody else thinks the job warrants it, getting it is a whole different ball game.
I hope and think the figures I am going to go in with make sense and are hopefully acceptable, we'll see eh? If I'm honest and hopefully not sounding like I'm blowing smoke up my own arse, I probably am worth in the region of 75k a year. Sadly though, I have to be a realist and this is why after mulling it over and over, and over how I came up with the 50k figure.
I don't think I can get much fairer than that. I know that the figure I am going in with is more than the housekeeper and the new estate manager will be getting, but they, ('money man' and family) did ask me to come up with a figure that I think i am worth? and so that is what I have done. I know when I give my figure to the money man he'll probably keel over and come up with lots of reasons why the figure is too high. I'm sure he will mention that I am asking for more than the estate manager gets, but I will tell him I am not concerned what he pays other staff on the estate I am just giving him my best honest answer to his original question.
I know how easy I make the money mans life, I know I go way beyond the call of duty and I know what the current salary rate is for good chauffeurs in London and will be very happy explaining all of this to him. I think I have an answer for all of the questions I expect to get back from him.
Its then up to him to go away and think on it, I won't be holding my breath waiting for his reply.
Hopefully I'll cover most of the bases.Here are a couple of blank lines for certain peoples benefit
I'm going in at 50k. I would, (personally) be happy at 45k. For me 45k is a very good wage right now. This is because I've just been through the 2 hardest years of my life for various reasons that a lot of you know. I'm not greedy, and never have been. When you've had a decent crack at life and its all robbed from you for an unbelievable set of crazy circumstances, all you really want out of life is a fair crack of the whip without being had over a barrel. I kind of feel that's where I am currently at.
50k is what I think I'm worth and here is why.
At its height in the summer season, which is right now, I am averaging 80 hours a week and it seems to be for a 14 week period of the year. That equates to 1120 hours. I also get no guaranteed hours or days off in this period, you just have to be available. I know this would be unacceptable to many, but it's just the industry i'm in and as stated I can deal with that, my choice for a "better" life. I also spend on average 5/6 days a week on site, so not sleeping in my own bed. Not ideal I know but just trying to get back in front.
Lets say the other 38 weeks are at the 50 hours a week that the 'MONEY' man says I will work
So that is 1900 hours.If i'm doing this right, (probably not) this equates to a total of 3020 hours for the year. In the quieter season I will always be doing the minimum 50 hour week, and although it probably won't be that often I do have to make myself available at weekends/out of hours should a family member arrive.
Working on this as a basis, thats £16.55 per hour, pre tax, so approx £13.25 per hour take home after a rough working out of tax and N.I. Thats based on the 50k figure.
Have I missed anything??? I probably have.
A few people have come up with much better figures than those I will be asking for and as much as I would like/or may be worth it, sadly 75k is never going to happen. It should but its just the industry I now currently work in and as much as I or anybody else thinks the job warrants it, getting it is a whole different ball game.
I hope and think the figures I am going to go in with make sense and are hopefully acceptable, we'll see eh? If I'm honest and hopefully not sounding like I'm blowing smoke up my own arse, I probably am worth in the region of 75k a year. Sadly though, I have to be a realist and this is why after mulling it over and over, and over how I came up with the 50k figure.
I don't think I can get much fairer than that. I know that the figure I am going in with is more than the housekeeper and the new estate manager will be getting, but they, ('money man' and family) did ask me to come up with a figure that I think i am worth? and so that is what I have done. I know when I give my figure to the money man he'll probably keel over and come up with lots of reasons why the figure is too high. I'm sure he will mention that I am asking for more than the estate manager gets, but I will tell him I am not concerned what he pays other staff on the estate I am just giving him my best honest answer to his original question.
I know how easy I make the money mans life, I know I go way beyond the call of duty and I know what the current salary rate is for good chauffeurs in London and will be very happy explaining all of this to him. I think I have an answer for all of the questions I expect to get back from him.
Its then up to him to go away and think on it, I won't be holding my breath waiting for his reply.
I haven't read your full posts as they are too long. However 50k was the figure I had in my head. This is about average for a senior staff member - housekeeper, butler, chauffeur etc.
The hours are immaterial as, face it, the job isn't difficult. out of season I doubt that 10hrs will be filled very often either.
As a side benefit you could get pretty good at detailing cars
The hours are immaterial as, face it, the job isn't difficult. out of season I doubt that 10hrs will be filled very often either.
As a side benefit you could get pretty good at detailing cars
Treb0r said:
With the expectation that they are going to fall off their chair and offer you less, I would be going in higher and expecting to be beaten down to 45-50k if that is what you would be happy with.
The more this keeps going around in my head, the more I agree with yourself and others. I 'm just not used to being in this position. I think I will up my original price knowing full well they won't be happy with it, and will certainly want to beat me down. I guess I have to let them think they have done a great job in beating me down, I just need it to be in the 45k-50k region. I think i'm just worried they'll give me a point blank no, but that is their choice. He knows I am interested in the job offer. I'm just keen that he knows that I can quite easily walk away at the end of the summer and try other things should we not come to an agreement on a suitable package. I've struggled before and can struggle again if I have too.
Indeed, my detailing skills are coming on in leaps and bounds
Edited by chilistrucker on Wednesday 6th July 10:06
R6VED said:
Best of luck and I would certainly advise going in higher than you are happy with as otherwis eyou have nowhere to go. £75k may be a bit high, perhaps £60kish?
Whatever happens if you do not fully update us on the outcome, I will track you down and throttle you :-)
👍Whatever happens if you do not fully update us on the outcome, I will track you down and throttle you :-)
I'm back in tomorrow and the next time I see him I will tell him my figure, show him the workings and give him my reasons to justify the 60k. Upto him then. I may not see him for a few days and won't get on here much as it will just be crazy again but I will certainly let people know the outcome when I know myself 👍
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