Thoughts on the Euro-Pound exchange rate
Discussion
Tricky one, I guess you don't have much choice as they will want to work on current exchange rate. One option I have seen in teh past is that you negotiate on an average exchange rate over the last 12 months.
Not sure what the spot rates were for GBP/Euro at each month end, but you could check that as it might be slightly better for you
Not sure what the spot rates were for GBP/Euro at each month end, but you could check that as it might be slightly better for you
JRM said:
Tricky one, I guess you don't have much choice as they will want to work on current exchange rate. One option I have seen in teh past is that you negotiate on an average exchange rate over the last 12 months.
Not sure what the spot rates were for GBP/Euro at each month end, but you could check that as it might be slightly better for you
That's a good shout actually, I'll have to have a look into thatNot sure what the spot rates were for GBP/Euro at each month end, but you could check that as it might be slightly better for you
Hitch78 said:
You need a tracking mechanism to mitigate the risk to both sides. Fairly standard in business contracts is a quarterly amendment based on the previous quarters average exchange rate from an official monetary source.
Does requesting something like that show that I'm not 100% certain on staying there, that I'll always have an eye on coming home?It sounds like a resonable idea, but it's not a contract, it's a full time job so I don't want to give the wrong impression as to my intentions.
HundredthIdiot said:
theboyfold said:
it's not a contract, it's a full time job
So why do you care? Do you have financial commitments back home?theboyfold said:
I care because I don't believe that the offer is good enough and I will still have commitments back at home with the potential of keeping my house by renting it out.
You are conflating the issues. If you want more money then ask for it, but it should have nothing to do with possible future exchange rates, only fair salary in the local market. If you really need to offset currency risk due to sterling commitments then do that, but it will cost you.IMO it is unreasonable to expect an employer to take a currency risk on a permanent employee.
HundredthIdiot said:
You are conflating the issues. If you want more money then ask for it, but it should have nothing to do with possible future exchange rates, only fair salary in the local market. If you really need to offset currency risk due to sterling commitments then do that, but it will cost you.
IMO it is unreasonable to expect an employer to take a currency risk on a permanent employee.
I suppose thats fair enough, I think I'd thought the email over too much and started looking for excuses as to why I should be asking for more money, when the simple reason is I don't think the offer is good enough. Why use 1000 words when 100 will do the job...IMO it is unreasonable to expect an employer to take a currency risk on a permanent employee.
When the Euro started it was around 35p to the Euro. It's now c.80p to the Euro and there's no reason to doubt that it won't be 1:1 in the not too distant future.
How long will this negotiation last? 12 months or longer?
The way to negotiate it is to ignore the exchange rate and decide how many £'s you want, then 'cover yourself'. So my starting point would be to be paid, in Euros, the amount of £'s you want. Then decide what your lower limit is, maybe 95p to the Euro, or 90p etc.
How long will this negotiation last? 12 months or longer?
The way to negotiate it is to ignore the exchange rate and decide how many £'s you want, then 'cover yourself'. So my starting point would be to be paid, in Euros, the amount of £'s you want. Then decide what your lower limit is, maybe 95p to the Euro, or 90p etc.
Will renting your place out cover a lot of your expenses? If so, then it shouldnt matter, as your tenants will sort you out.
Is it a fair wage given the LOCAL wages?
From my point of view, I'm hoping \ expecting the Euro to go up more, possibly reach parity in the not too distant future.
Is it a fair wage given the LOCAL wages?
From my point of view, I'm hoping \ expecting the Euro to go up more, possibly reach parity in the not too distant future.
big_rob_sydney said:
Will renting your place out cover a lot of your expenses? If so, then it shouldnt matter, as your tenants will sort you out.
Is it a fair wage given the LOCAL wages?
From my point of view, I'm hoping \ expecting the Euro to go up more, possibly reach parity in the not too distant future.
If it does, and its a result of the Euro getting stronger rather than the pound weakening, then expect the eurozone to start breaking up.Is it a fair wage given the LOCAL wages?
From my point of view, I'm hoping \ expecting the Euro to go up more, possibly reach parity in the not too distant future.
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