Changing jobs for a pay cut?

[Ray Singh]

anonymous said:

[redacted]

Thank you for the kind words. I have just sold my Porsche 944 so have a small buffer. Two months maximum money to keep me, the family and the mortgage going.
I will keep you all updated, i have annual leave booked for Wednesday, Thursday and Friday this week (and had to fight for it) the next two days will be critical as I am being blammed for not leaving the projects in a good state.

Watch this space.

[Brads67]

Read my thread about taking a 70k wage cut this year

[CaptainSlow]

DanL said:

Each £10k is broadly £600/month take home, I think - that's the ready reckoner I've always used in my head, anyway!

There are 12 months in a year, not 10.

[DanL]

CaptainSlow said:

DanL said:

Each £10k is broadly £600/month take home, I think - that's the ready reckoner I've always used in my head, anyway!

There are 12 months in a year, not 10.

Ha! Yes, that would do it. Basic maths failure on my part.

[BigMon]

I took a £10K pay cut from £27K to £17K to leave a job that, in the long term, would have made me very unwell due to the stress and pressure.

When I started, and loved, my new job I said to one of my friends 'this is the first time in two years I have not had a knot in my stomach'.

And, in the long term, the new job led to where I am now (which is in a job I enjoy very much on a considerably larger salary than the hellish nightmare I was enduring for £27K).

So, in summary, get out. You can't buy good health.

[Flooble]

Look at it this way Roy:


1) Public Sector Pension scheme, even after the changes, puts in the same as a 20% employer contribution would be. The most generous private sector scheme I have ever seen was a 10% contribution. So the 56K you are on is only like 50K in the public sector.

2) Flexitime in the public sector lets you count every minute extra you put in. With no real effort (slightly shorter actual lunch breaks - do you even leave your desk currently?) you can have an extra day off per month, ~ 12 days per year. That works out at around £1800 pre-tax. So the 50K from above comes down to 48K.

Hence, are you really taking a pay cut at all?

Get out before you crack up.

[Ray Singh]

Flooble said:

Look at it this way Roy:


1) Public Sector Pension scheme, even after the changes, puts in the same as a 20% employer contribution would be. The most generous private sector scheme I have ever seen was a 10% contribution. So the 56K you are on is only like 50K in the public sector.

2) Flexitime in the public sector lets you count every minute extra you put in. With no real effort (slightly shorter actual lunch breaks - do you even leave your desk currently?) you can have an extra day off per month, ~ 12 days per year. That works out at around £1800 pre-tax. So the 50K from above comes down to 48K.

Hence, are you really taking a pay cut at all?

Get out before you crack up.

Thanks Flooble. I appreciate your reply. What you say makes sense. Regards the pension, I agree, this was something sacred to long term civil servants. Lunch? I gave not had a lunch break since starting here in December. It's a sandwich at the desk while fire fighting or covering up something after finding problems.

Fingers crossed one of my applications comes through soon.

[marcosgt]

Seems a no brainer.

You coped on 10K less and liked it, it doesn't sound like you're going to be staying there long one way or another, so why not make it on your terms and go back to something you enjoyed?

M.

[Ray Singh]

Meeting with line manager today. My task manager has complained about me and now I am going to be placed on a performance improvement plan.
I hope to escape very soon.

[Ray Singh]

Update - interview for a contracting role back i nthe same company i left to goto in November - i was happy there.

I need to get this. I will start a new thread as they have requested a 5 min presentation and I want to 'smash' it.

New thread here http://www.pistonheads.com/gassing/topic.asp?h=0&a...

Edited by Ray Singh on Thursday 11th August 08:21

[Vocal Minority]

Best of luck Ray - as other's have said, don't doubt your ability. A 5 minute presentation should be very do-able. Fingers crossed you can get yourself on a good path

[Ray Singh]

Thanks all.

I didnt get the role i was interviewed for on Monday. I have requested full feedback, so i can improve for next time.
I have a few days off, from my current horrible role - time to think.
The rejections or lack of responses is a real morale breaker.

[Flooble]

If it was for a contract role, don't be upset if you hear nothing more.

The firm hiring have no more need to tell you why you didn't get it than they are to tell Staples why they haven't made another order for photocopier paper.

If you went through an agent, even less chance you will hear anything - their only purpose is to get a candidate in place.

Just move on to the next one.

[TommoAE86]

Sounds like a terrible situation so good luck, I took a (much smaller) pay cut to get out of London as the city was driving my into depression along with my job changing for the worse.

I am now a mere £2K away from my old salary and have actually found a job I'd be happy doing for the rest of my career which I haven't had before.

I know it's hard but try not to let the morale fall when hunting for jobs. Get your partner to help you look? Mine did and sat next to me going "why are you not applying for that one? You've got most of what they are asking for".

[Ray Singh]

Thank for the kind words. Mixed emotions here. Ok one minute and feeling like hitting the vodka the next. Just taken the kids out to a farm park, so in a better frame of mind again.

I have another interview lined up for Tuesday.

[Flooble]

Getting a call to say "no further interest" is actual a bonus I find.

Contract roles are brutal - for a newbie 100 applications, 10 interviews, 1 callback is about normal I would say. I have found that many agents just don't bother to ring candidates who did not get the role.

[CaptainSlow]

Is it usual to do a presentation for a contract interview? I'd have thought not. Considering the time and effort involved I'd be billing for my time.

[Ray Singh]

Update for those interested.

Interview later today - with Govt organisiation in Swindon. It will give me a £11k pay cut over what I earn at my current place of work and is only a 6 mth fixed term contract. The agent has assured me that this ftc is all the rage and it will be extended or made perm if i perform and fit in well.

Its a huge risk.

[Ray Singh]

Update for those interested.

Interview later today - with Govt organisiation in Swindon. It will give me a £11k pay cut over what I earn at my current place of work and is only a 6 mth fixed term contract. The agent has assured me that this ftc is all the rage and it will be extended or made perm if i perform and fit in well.

Its a huge risk.

[brman]

Ray Singh said:

Update for those interested.

Interview later today - with Govt organisiation in Swindon. It will give me a £11k pay cut over what I earn at my current place of work and is only a 6 mth fixed term contract. The agent has assured me that this ftc is all the rage and it will be extended or made perm if i perform and fit in well.

Its a huge risk.

Is it really? 6 months in a job that will allow you to rebuild your confidence (during which you can look for other jobs if you like) vs how long before the current job kills you or they kick you out?
On the facts you have given a no brainer imho.......

EDIT: btw I stuck with a job I hated for too long just because it paid well and it literally nearly killed me (had stress related heart problems that cause a stroke). I then went from £60-100k a year to zero for two years and am now back to about £20k. Wish I had made the move to what I am doing now (ie a £40k plus drop) years ago........

Edited by brman on Tuesday 23 August 09:31