I've been offered a job.

[HorneyMX5]

I was asked to apply for a job and after the interview I was offered it.

I'm now in a tricky situation. I'll put up some numbers that might help. Also my role is Account Manager so my job is keeping customers happy and selling them stuff. Last year I made sales and contract renewals worth £750,000. This year I've done £400,000 already.

Current Job

Salary: £XX,XXX

Car Allowance £6,500 per year

Bonus £6,000 - Based on no real metrics other then "Doing a good job" which I've only been paid once in 5 years due to lack of company budget. Same applies to my 2 other team mates.

Holiday: 27 Days

Pension: Company contribute 8%

Perks: Free Bupa

New Job

Salary: £XX,XXX (roughly 8%) less than above salary

Car Allowance: £6,000 per year

Bonus: 10% of all sales - uncapped. First year expect to be £10K - £15K, year two with more clients expect £25K plus. Commission paid monthly in the month the customer is invoiced.

Holiday: 21 Days

Pension: Company contribute 1%

Perks: none

So I know the guy there who currently does all the account management single handed and he got roughly £50K bonus last year. We'll be splitting the accounts with me having roughly 75% and him keeping the 25% top tier stuff.

So financially, as long as I get good sales I roughly get the same (maybe a bit more) I just have to throw more of my cash at my pension. The free Bupa and less annual leave is the real loss.

What can't be measured in numbers is the stress and frustration of working at my current place. I could write a lot here but essentially I can't do the job I'm paid to do currently very well because of some massive internal hurdles that after 2 years are just not going away. Working somewhere where not having to fight my coworkers just to get things done is worth more than money. Plus prospects in the new place are better. It's a smaller company (40 people) and just has a more of a family vibe to it.

I'm pretty certain I'll take the new one because after 6 years I just need to get out of my current place. I'm tempted to go back and counter the offer with " I'll take it if you stick 3% on the basic."

Not sure why I'm posting this, probably because writing it all down helps me figure out what to do. I was all set to take the job if they offered it after the I attended the interview but the package not being as good as my current one has out doubts in my mind. I'm fed up of my current job but it feel this offer isn't enough to make me jump ship.

[andy-xr]

Ask for a first quarter guarantee on your comms then, 100%, 90% then 80% is fair. If you're smashing it after the first month then you dont have to worry

Also, clarify that your holidays in the new job are exc bank holidays. They'll need to write you into a pension at some point too

[Steve Campbell]

Did they know your current salary when offer was made ? Why would your opening negotiation only be 3% ? Why not state, well, I'm earning X currently and was looking to match that if possible and see what they say...... ?

[HorneyMX5]

Steve Campbell said:

Did they know your current salary when offer was made ? Why would your opening negotiation only be 3% ? Why not state, well, I'm earning X currently and was looking to match that if possible and see what they say...... ?

£% would put me back to what I was earning before I got a pay rise last month which I haven't really felt yet. Seemed a good compromise. They don't seem keen to lift the salary knowing the commission aspect is much better than my current package.

[Cyberprog]

andy-xr said:

Also, clarify that your holidays in the new job are exc bank holidays. They'll need to write you into a pension at some point too

I'd imagine they are excluding - stat minimum is 28 days inclusive. So total 29 days it would appear. Still down on his previous job!

[mr_spock]

Worth asking if they'll do salary sacrifice into your pension and contribute the company NIC saving into it. No cost to them, quite a help to you.

[HorneyMX5]

mr_spock said:

Worth asking if they'll do salary sacrifice into your pension and contribute the company NIC saving into it. No cost to them, quite a help to you.

I have no idea what that means! lol.

[ChasW]

HorneyMX5 said:

mr_spock said:

Worth asking if they'll do salary sacrifice into your pension and contribute the company NIC saving into it. No cost to them, quite a help to you.

I have no idea what that means! lol.

It means a portion of your earnings going directly into your pension rather than into your pay packet and out again into your pocket. The company saves on its NI contribution c12% (from memory). I used to have all my bonus diverted this way which meant a tax free contribution to my pension plus my employer donating the c12% they saved. So in simple terms, with a £1000 monthly bonus for example, the choice is take it as salary and get £600 or less in your pocket or use the sacrifice scheme and have £1120 into your pension pot.

Some employers are mean and keep some of the NI savings for themselves or will fob you off with the extra administration argument to justify not offering it all or only a partial payment.

You can of course decide at the year end, when you know what you afford to save, to put additional cash into your pension and still get the tax relief but at that point you lose the opportunity for the employer NI top up.

[HorneyMX5]

Well I went back to them with documented evidence of my current package. I put that I am wanting the job and a little movement on on the package will see us at an agreement.

Let's see what they say!

[HorneyMX5]

They came back with an upped offer and I accepted. Pending signed contracts will be handing my notice in today.

[p1stonhead]

HorneyMX5 said:

They came back with an upped offer and I accepted. Pending signed contracts will be handing my notice in today.

Good luck.

Depending on how old you are Bupa doesnt need to cost the earth.

I had it at my last place and left to go to another company who didnt provide it. I called Bupa and took the same cover on myself - its £90 a month. Im 30 and the missus is 28.