Is it worth considering new job offer with pay raise?
Is it worth considering new job offer with pay raise?
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Discussion

mikyccity

Original Poster:

63 posts

133 months

Wednesday 2nd November 2016
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Currently working from home almost full time, office is on 20-25 mins drive. Have flexible hours , can start between 8 and 11 , i just have to do my hours as long as the work is done. Its quite handy for me because i can do school run if mrs is not well. I do get lazy sometimes because of working from home but overall i am enjoying it and don't have to get ready in rush and stuck in the traffic.

People i work with are nice and i have very good relations with them , i have been here for over 3.5 years and had no pay raise, one of the reason was economy but overall company is in profit.

Recently had an offer , its 40 mins away from home but offering good money, 18k more plus benefits. There might be a flexibility on start time but don't know yet.

Is it worth considering the offer? Just little worry about new environment, new boss.

Myc

306 posts

190 months

Wednesday 2nd November 2016
quotequote all
It depends on your current situation somewhat and what sort of percentage increase we are talking.

However assuming you are a 40% Taxpayer in real terms this represents roughly a £900 a month payrise.

If you are working from home you have zero commuting costs presently.

80 minute drive each day I assume means around 50 miles a day driving which in turn equals an extra 12,000 miles a year on your car.

So factoring petrol added deprecation and extra servicing and maintenance costs I'd estimate that's got to be around £300-400 a month.

So it depends if £500 a month is worth getting up earlier, getting home later, loss of freedom, less time with the children etc. Obviously if you are living comfortably as things stand I'd say no its not worth it, if your struggling financially then it probably is.

I've worked from home and now commute 90 minutes each way to work. I would gladly take a reduction in earnings to work from home again.

mikyccity

Original Poster:

63 posts

133 months

Wednesday 2nd November 2016
quotequote all
Myc said:
80 minute drive each day I assume means around 50 miles a day driving which in turn equals an extra 12,000 miles a year on your car.

So factoring petrol added deprecation and extra servicing and maintenance costs I'd estimate that's got to be around £300-400 a month.
Thanks for mentioning car servicing and maintenance costs , i didn't think about it. Overall its about total 35 miles journey (both ways) and patrol cost would be around £6 a day.

mr_spock

3,374 posts

244 months

Wednesday 2nd November 2016
quotequote all
I'd take it. £18K and a better job? WFH is all very well, but does pale after a while.

mikyccity

Original Poster:

63 posts

133 months

Wednesday 2nd November 2016
quotequote all
mr_spock said:
I'd take it. £18K and a better job? WFH is all very well, but does pale after a while.
I don't know if the job is better, the job title is same and i will have more pressure as compare to my current job. But i believe its same in all jobs, if you want to earn more then you have to work harder or may be more.


mr_spock

3,374 posts

244 months

Wednesday 2nd November 2016
quotequote all
I guess that you're trading WFH for 18K then. I sure would.

Terminator X

20,459 posts

233 months

Wednesday 2nd November 2016
quotequote all
Grass is always greener, JFDI.

TX.

TheLordJohn

5,746 posts

175 months

Wednesday 2nd November 2016
quotequote all
Terminator X said:
Grass is always greener, JFDI.

TX.
I'd say consider it, but also consider this!

wombleh

2,364 posts

151 months

Wednesday 2nd November 2016
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An extra 18k offer on the table is a good way to find out how much your current employer values you.

PorkInsider

6,567 posts

170 months

Wednesday 2nd November 2016
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I'm home based.

Would I go back to office based for an extra £18k gross? I don't think I would.

As much as I enjoyed the drive to the office in my last office based role - a 30 min drive over the Pennines to an office in a nice countryside location - the added flexibility of WFH is far preferable.

I suppose it would depend on how much you need the money, really.

ChasW

2,162 posts

231 months

Wednesday 2nd November 2016
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Don't know your full circumstances but I sense you may benefit from being stretched so I'd go for it.

Bullett

11,171 posts

213 months

Thursday 3rd November 2016
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PorkInsider said:
I'm home based.

Would I go back to office based for an extra £18k gross? I don't think I would.

As much as I enjoyed the drive to the office in my last office based role - a 30 min drive over the Pennines to an office in a nice countryside location - the added flexibility of WFH is far preferable.

I suppose it would depend on how much you need the money, really.
Agree with this. It's would take a lot of money to tempt me away from homeworking.

You won't notice the money after 6 months but the lost hours will still hurt.

Grunt Futtock

335 posts

128 months

Thursday 3rd November 2016
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Perhaps have a meeting with your present manager and explain you have been given this offer? Maybe they will up your salary in your current role and you get to retain the benefits of working from home?

mikyccity

Original Poster:

63 posts

133 months

Thursday 3rd November 2016
quotequote all
Grunt Futtock said:
Perhaps have a meeting with your present manager and explain you have been given this offer? Maybe they will up your salary in your current role and you get to retain the benefits of working from home?
Have already tried this 6 months ago when i had an offer, boss didn't do anything. Actually its not in his control anymore, company has already made few people redundant.

Edited by mikyccity on Thursday 3rd November 17:41

mikyccity

Original Poster:

63 posts

133 months

Thursday 10th November 2016
quotequote all
After taking travel cost and car maintenance out , take home would be extra £675 a month after tax. There is a 10% annual bonus on final salary which i am not counting at the moment and can raise the take home.



Edited by mikyccity on Thursday 10th November 13:18

richardxjr

7,561 posts

239 months

Thursday 10th November 2016
quotequote all
Are they inviting voluntary redundancies? Could be win-win.


mikyccity

Original Poster:

63 posts

133 months

Thursday 10th November 2016
quotequote all
richardxjr said:
Are they inviting voluntary redundancies? Could be win-win.
No my job is very safe for now, overall i am enjoying my job but financially its not rewarding. I can easily stay here for another 3-4 years on the same wages. I think i have to decide whether i want less money and less stress work environment or take a risk and earn more money.

I think i am in my comfort zone and i am finding it hard to leave it.

richardxjr

7,561 posts

239 months

Thursday 10th November 2016
quotequote all
Could you do something else at home alongside your current not-quite-fulltime-job? Perhaps with the other employer?


Not in a dissimilar situation myself to be honest, with spare capacity during the working day.




mikyccity

Original Poster:

63 posts

133 months

Thursday 10th November 2016
quotequote all
richardxjr said:
Could you do something else at home alongside your current not-quite-fulltime-job? Perhaps with the other employer?


Not in a dissimilar situation myself to be honest, with spare capacity during the working day.
I did try to find some freelance work just for few hours a week but no luck so far.