Objective help in moving or not

Objective help in moving or not

Author
Discussion

the-photographer

Original Poster:

3,479 posts

175 months

Sunday 7th January 2018
quotequote all
Hello everyone, I am looking for some objective help in staying or going to a new post;

I am currently in the private sector, however have the chance to move to the public sector (education) which would offer:

- less money £3000
- much bigger pension 18%
- less commute mileage by about 10,000 miles per year
- about the same holidays

The pension means the gross benefit is more compared to the current private job, but you don't realize that until you retire!

The private company has small annual bonuses and small cost of living increases. The public sector one has very small bonuses and I will get stuck in the grading system (forever unless you find a higher grade role), therefore you are very exposed to future inflation.

Any advice on how to objectively decide?

chrisxr2

1,127 posts

193 months

Sunday 7th January 2018
quotequote all
How old are you? That would decide it for me, if you are clise to retirement then the pension wont help so much with it geing paid such a shirt time to be of any amount, if retirement is a way off, then take the bigger pension.

StuTheGrouch

5,714 posts

161 months

Sunday 7th January 2018
quotequote all
Surely that commute change will save you most of that £3k pay cut? Even if it didn't, that's a lot of time not spent travelling to and from work.

the-photographer

Original Poster:

3,479 posts

175 months

Monday 8th January 2018
quotequote all
I am 43, so some years before 55/65/ or even 75

GT03ROB

13,207 posts

220 months

Monday 8th January 2018
quotequote all
Guess it also depends on the total salary in the 1st place ..... 3k drop on 10k is a big deal, 3k on 100k much les so.

the-photographer

Original Poster:

3,479 posts

175 months

Monday 8th January 2018
quotequote all
Good point!

The difference is now 50 and the proposed post is 47.

Happy to here your thoughts.

Yipper

5,964 posts

89 months

Monday 8th January 2018
quotequote all
Is someone in a ~50k job really unable to make those basic calcs...

In year 1, you will be £5-10k better-off in the public-sector role. And be able to doss about more and never get fired.

Take the government job.

the-photographer

Original Poster:

3,479 posts

175 months

Monday 8th January 2018
quotequote all
Yes, I did use Excel and the gross benefit is more even though the headline salary is less.

However, I was expecting to find lots of advice saying "you'll get trapped in the system, don't do it"

PorkInsider

5,877 posts

140 months

Monday 8th January 2018
quotequote all
The (roughly) £1,800 net annual pay cut will be somewhat cancelled out by a 10k cut in commute miles, I suppose.

craigjm

17,908 posts

199 months

Monday 8th January 2018
quotequote all
You will only get trapped in the system if you allow yourself to. Make sure you review your position at least every two years and if you want to get out do.

21TonyK

11,494 posts

208 months

Tuesday 9th January 2018
quotequote all
I went from private/self employment to education and ignoring the financials make sure its the right environment for you.

I worked with the public sector as a consultant for several years and though I had a handle on how it worked.

Being exposed to it all day every day and having to deal with internal politics, people who are just there "for the job" and a complete lack of will to tackle problems and people who are grossly incompetent really starts to grate after a while!

FerdiZ28

1,355 posts

133 months

Tuesday 9th January 2018
quotequote all
Yipper said:
Is someone in a ~50k job really unable to make those basic calcs...

In year 1, you will be £5-10k better-off in the public-sector role. And be able to doss about more and never get fired.

Take the government job.
Ignore this advice based on this reasoning.

rog007

5,748 posts

223 months

Wednesday 10th January 2018
quotequote all
In general, those margins are relatively small.

Why do you want to leave; root cause?

Take the job you’ll enjoy most as you will then get the most out of it (satisfaction and thus potential promotion).

If neither are your dream job, keep searching.

Good luck!

the-photographer

Original Poster:

3,479 posts

175 months

Wednesday 10th January 2018
quotequote all
PorkInsider said:
The (roughly) £1,800 net annual pay cut will be somewhat cancelled out by a 10k cut in commute miles, I suppose.
Agreed, its reduces to about £1000 because of the reduction in fuel costs.

the-photographer

Original Poster:

3,479 posts

175 months

Wednesday 10th January 2018
quotequote all
craigjm said:
You will only get trapped in the system if you allow yourself to. Make sure you review your position at least every two years and if you want to get out do.
Thanks good advice!

the-photographer

Original Poster:

3,479 posts

175 months

Wednesday 10th January 2018
quotequote all
21TonyK said:
I went from private/self employment to education and ignoring the financials make sure its the right environment for you.

I worked with the public sector as a consultant for several years and though I had a handle on how it worked.

Being exposed to it all day every day and having to deal with internal politics, people who are just there "for the job" and a complete lack of will to tackle problems and people who are grossly incompetent really starts to grate after a while!
Understood, in previous jobs I have worked for private company that supplied the education sector, so I think I understand the environment and have already seen the stereotypes you describe.

the-photographer

Original Poster:

3,479 posts

175 months

Wednesday 10th January 2018
quotequote all
rog007 said:
In general, those margins are relatively small.

Why do you want to leave; root cause?

Take the job you’ll enjoy most as you will then get the most out of it (satisfaction and thus potential promotion).

If neither are your dream job, keep searching.

Good luck!
Root cause is reduction in commute miles and time, plus its a position I have previously held in the private sector (bus dev) and like meeting new people and making deals (in the educational sense for this company) it also exposes me to fashionable stuff of robotics/AI and all the things that will destroy society.

megaphone

10,694 posts

250 months

Wednesday 10th January 2018
quotequote all
Time wise, how long is your current commute compared to the new one?

the-photographer

Original Poster:

3,479 posts

175 months

Wednesday 10th January 2018
quotequote all
megaphone said:
Time wise, how long is your current commute compared to the new one?
Current post = 50 mins each way
New post = 30 mins each way

PorkInsider

5,877 posts

140 months

Thursday 11th January 2018
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the-photographer said:
PorkInsider said:
The (roughly) £1,800 net annual pay cut will be somewhat cancelled out by a 10k cut in commute miles, I suppose.
Agreed, its reduces to about £1000 because of the reduction in fuel costs.
I’d have thought it cancels out more than that?

10,000 miles at 48mpg (arbitrary number) means roughly 950 litres, which is roughly £1,150 saved.

And that’s just fuel.

Reduced servicing, tyres and, most importantly, depreciation will easily cancel out the other £650 per year, won’t it?