Stay or go, bored in current job but good benefits!
Discussion
I’ve been at the same company since I left school following A Levels (since 2007) they put me through University following my Higher Engineering App’ and I have since also completed my Masters (self funded) and my relevant professional accreditation’s (MCIPS).
I’ve got a good job, it’s easy, 35 hours a week, I don’t work Fridays, good salary and, the biggest sticking point, a DB pension.
I’m thinking of leaving for a new role and my comparison is as follows;
Current / Prospective
Salary; basic + £1,800 allowance / basic + 12%
Bonus 12% + 2% / 10-21% (average at 15%)
Pension; 4% for 21.95% (net 17.95%) / 6% plus 8%
Commute; 15 minutes 7miles / 1H 50 miles
Days; M-T / M-F
It works out I’m a better off by around 10% pa, pre tax and including commute costs.
It seems stupid as I’ve got it so easy, but I’m also so bored, I’m 32 and I’ve had a pretty fast track career until the last two years or so, senior management positions are all out of country (I don’t want to move abroad again), my boss was recently off work and I took her position for 3/4 months and thoroughly enjoyed it.
I’m still quite young and do I want to just chill for the next 25 years just for the sake of a pension ... the longer I leave it the harder it’ll be to leave as the pension just becomes such a burden.
Earning potential is elsewhere as internally it’s 2-2.5% pa and promotions are capped at 8%.
The commute is a bit of an issue ...
What would you do?
ETA; my current job is safe from CV as it’s classed as a critical skill or something, new company the same.
I’ve got a good job, it’s easy, 35 hours a week, I don’t work Fridays, good salary and, the biggest sticking point, a DB pension.
I’m thinking of leaving for a new role and my comparison is as follows;
Current / Prospective
Salary; basic + £1,800 allowance / basic + 12%
Bonus 12% + 2% / 10-21% (average at 15%)
Pension; 4% for 21.95% (net 17.95%) / 6% plus 8%
Commute; 15 minutes 7miles / 1H 50 miles
Days; M-T / M-F
It works out I’m a better off by around 10% pa, pre tax and including commute costs.
It seems stupid as I’ve got it so easy, but I’m also so bored, I’m 32 and I’ve had a pretty fast track career until the last two years or so, senior management positions are all out of country (I don’t want to move abroad again), my boss was recently off work and I took her position for 3/4 months and thoroughly enjoyed it.
I’m still quite young and do I want to just chill for the next 25 years just for the sake of a pension ... the longer I leave it the harder it’ll be to leave as the pension just becomes such a burden.
Earning potential is elsewhere as internally it’s 2-2.5% pa and promotions are capped at 8%.
The commute is a bit of an issue ...
What would you do?
ETA; my current job is safe from CV as it’s classed as a critical skill or something, new company the same.
Edited by Lord.Vader on Saturday 30th January 16:56
Stay where you are for now, until this crap blows over. I know a guy who worked at the same job for 20 years, got bored recently and took the same job elsewhere for higher pay. He was then made redundant from the new place, last in, first out. Tried to get his old job back but it had been filled. Now he's goosed. Better the devil you know for now!
Mr Pointy said:
Stay, given the current situation. Given you only work four days a week is there anything you can start doing outside of work to alleviate the boredom? Side job, build up a business etc?
This, agree totally. Also that commute will take the shine off any job. You could perhaps talk to your manager about training to take on more responsibility, or maybe find a volunteer role for your Fridays.How old/unwell is your manager? Might they be thinking of leaving? You’re highly qualified and your skills will be in demand elsewhere once everything settles down.
The commute will soon wear very thin.
Use the Friday to set up your own business as has been said.
Have a career development meeting with the bosses. Nothing wrong with a bit of honesty, tell them you’re bored and enjoyed the temporary management role. Maybe there’s a role that they could find for you that leap frogs your boss? They’ve supported you and appreciate you they won’t be keen to lose you.
Please keep us updated.
The commute will soon wear very thin.
Use the Friday to set up your own business as has been said.
Have a career development meeting with the bosses. Nothing wrong with a bit of honesty, tell them you’re bored and enjoyed the temporary management role. Maybe there’s a role that they could find for you that leap frogs your boss? They’ve supported you and appreciate you they won’t be keen to lose you.
Please keep us updated.
Thanks everyone, really appreciate it, I sort of knew the answer but trying to convince myself otherwise!
My wife and I have started a little business last year, doesn’t take up too much time and it is what I am using part of my Friday for currently.
Lockdown isn’t helping (as for everyone) as motorbike / car / pub / fishing / golf are all no go at the moment!
Re within the business, I spent a few years in Germany and my old boss called me and I moved back to the function I used to be in to help them out (recently) so I need to stay another 18months or so before I can move.
The issue is that there is one head of per country (I’m classed as management level) and they are all pretty new to their roles (2 year max) and the next promotion is the most difficult one as it’s the stepping stone to a senior manager and there are just no open positions in the UK, ever, outside of operations, maybe 1 or 2 per year that are filled before being advertised (but process, etc).
With Brexit and now CV I can’t see any foreign opportunities for a while but the lady in our team who’s based in LA visa runs out in the next few months so there might be a 3-6 month secondment opportunity but we shall see.
My wife and I have started a little business last year, doesn’t take up too much time and it is what I am using part of my Friday for currently.
Lockdown isn’t helping (as for everyone) as motorbike / car / pub / fishing / golf are all no go at the moment!
Re within the business, I spent a few years in Germany and my old boss called me and I moved back to the function I used to be in to help them out (recently) so I need to stay another 18months or so before I can move.
The issue is that there is one head of per country (I’m classed as management level) and they are all pretty new to their roles (2 year max) and the next promotion is the most difficult one as it’s the stepping stone to a senior manager and there are just no open positions in the UK, ever, outside of operations, maybe 1 or 2 per year that are filled before being advertised (but process, etc).
With Brexit and now CV I can’t see any foreign opportunities for a while but the lady in our team who’s based in LA visa runs out in the next few months so there might be a 3-6 month secondment opportunity but we shall see.
Edited by Lord.Vader on Sunday 31st January 12:11
If you were looking at a completely different lifestyle/ massive change of career, I'd say go for it. Always worth upsetting the apple cart, I've done it a few times and it gives you a whole new life.
This prospective new job looks pretty similar to the old one. If you're bored where you are now it'll be the same in the new job once you've settled in. If you're comfortable where you are, stay where you are. If you want something different, go live in a yurt in mongolia or something.
This prospective new job looks pretty similar to the old one. If you're bored where you are now it'll be the same in the new job once you've settled in. If you're comfortable where you are, stay where you are. If you want something different, go live in a yurt in mongolia or something.
Lord.Vader said:
I
Commute; 15 minutes 7miles / 1H 50 miles
The commute would concern me - obviously you can't account for everything that might happen, but is it a pretty reliable hour? Cost-wise, bear in mind your car is going to be doing 20K+ just on commuting.Commute; 15 minutes 7miles / 1H 50 miles
One of our daughters has just accepted a new job and gone from ~25mins / 15 miles, which was often a pain, to 50 mins / 30 miles. The snag is the last few miles of the new journey are right into the heart of a busy area we're fearful that trying to arrive at 8AM will be fraught and she's going to end up leaving home at 6.30AM. And not getting back until 7PM. And she's got little kids.
It's a pretty big career step for her though.
How have you costed it to end up still 10% better off at the new one?
From what I can see you win on the basic salary. Unclear by how much, as not sure how much difference there is between the 10% and the £1800
The bonus - yes you might win if you have a big year.. but on average you're going to be pretty much where you are.
The commute - it's an extra 86 miles per day! - How are you doing this train? or car?
If car even assuming you get 100 miles for a £10 fuel spend that the best part of £50 quid a week extra. (current commute is only 4 days too) - gonna be about £2k extra per year, plus maintenance costs..
And how do you cost your own time? At the moment you get Friday for free - you can do what you want... run the small business, chill out etc etc - what's your hourly rate work out at? Does it still work out as financially beneficial? What about if you 'cost' the extra 10 hours per week you'll be travelling?
I'd stay... push for the LA secondment and see what happens!
From what I can see you win on the basic salary. Unclear by how much, as not sure how much difference there is between the 10% and the £1800
The bonus - yes you might win if you have a big year.. but on average you're going to be pretty much where you are.
The commute - it's an extra 86 miles per day! - How are you doing this train? or car?
If car even assuming you get 100 miles for a £10 fuel spend that the best part of £50 quid a week extra. (current commute is only 4 days too) - gonna be about £2k extra per year, plus maintenance costs..
And how do you cost your own time? At the moment you get Friday for free - you can do what you want... run the small business, chill out etc etc - what's your hourly rate work out at? Does it still work out as financially beneficial? What about if you 'cost' the extra 10 hours per week you'll be travelling?
I'd stay... push for the LA secondment and see what happens!
Gassing Station | Jobs & Employment Matters | Top of Page | What's New | My Stuff