Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Job decision
Old 06-23-2006, 09:47 AM   #1
Recycles dryer sheets
 
Join Date: Nov 2005
Posts: 73
Job decision

Currently I commute 50 miles one way to work. I was just offered a new job 5 minutes from my house. The job I am currently in pays more by about $2,000, has excellent benefits (the health coverage only costs me $64/month for family plan, I got 4 weeks paid vacations which I can carry over forever so at the moment I have 2.5 months vacation, 4 personal days, 2 weeks sick time, 13 holidays, my employer chips in 9% for to my 401K regardless of what I put in, I get free classes at state colleges and universities, I will get longevity pay in 1.5 years and many other benefits). The new job offers only 3 weeks vacation, 2 personal days, 10 sick days, the same amount of holidays, health coverage is $400/month plus $30/month dental, the employer chips in 5% to my retirement, I can take classes up to $2000/semester for work related courses. So the difference in pay is about $5,000.
Of course I trying to decide whether I should take the new job or not. What would you do in my situation?

P.S. I should probably mention that I like driving and do not mind the commute. I drive a hybrid vehicle so the gasoline does not cost me as much, but there is still wear and tear on it.

My head hurts
__________________

__________________
maggieddd is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Job decision
Old 06-23-2006, 10:17 AM   #2
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,151
Re: Job decision

Quote:
Originally Posted by maggieddd
P.S. I should probably mention that I like driving and do not mind the commute.
With the information you provided, the above quote might be a key to your decision. Seems like you will trade $5,000/yr for ~2 hrs a day of your time. Worth it? You have to make that call.

You provide us with a comparison of the salary and fringe benefits but don't say anything about the relative merits of the jobs. Any pluses or minuses in your working environment or career opportunity by taking the new position?

__________________

__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Re: Job decision
Old 06-23-2006, 10:37 AM   #3
Moderator Emeritus
Rich_by_the_Bay's Avatar
 
Join Date: Feb 2006
Location: San Francisco
Posts: 8,827
Re: Job decision

Quote:
Originally Posted by REWahoo!
With the information you provided, the above quote might be a key to your decision. Seems like you will trade $5,000/yr for ~2 hrs a day of your time. Worth it? You have to make that call.
So, if Maggiedd works 48 weeks a year, 5 days a week, that is 2 hrs x 5 days x 48 wks = 480 hours a year spent in the car (she may not "mind" the commute, but I am sure would rather be doing something else). But I'm seeing $4032 savings per year on health insurance alone at the old job. So the total difference is probably more than $5k, more like 8K per year.

Hard to put a price on what it's worth to you to have 2 hours a day more at home (that's 13% of your waking hours ).

When my kids were at home and little, I probably would have opted for the shorter commute. Now, I'd probably stick it out at the old job, plug in my iPod, learn Spanish, books-on-tape, and enjoy the ride.

BTW - if the old job gets you to FIRE even a few months sooner, you'll make up those road-hours real fast.
__________________
Rich
San Francisco Area
ESR'd March 2010. FIRE'd January 2011.

As if you didn't know..If the above message contains medical content, it's NOT intended as advice, and may not be accurate, applicable or sufficient. Don't rely on it for any purpose. Consult your own doctor for all medical advice.
Rich_by_the_Bay is offline   Reply With Quote
Re: Job decision
Old 06-23-2006, 10:53 AM   #4
Recycles dryer sheets
 
Join Date: Nov 2005
Posts: 73
Re: Job decision

Quote:
Originally Posted by REWahoo!
With the information you provided, the above quote might be a key to your decision.* Seems like you will trade $5,000/yr for ~2 hrs a day of your time.* Worth it?* You have to make that call.

You provide us with a comparison of the salary and fringe benefits but don't say anything about the relative merits of the jobs.* Any pluses or minuses in your working environment or career opportunity by taking the new position?

there will be more chances of advancement at the new position as I will be working at a university and I will be learning new skills. *Currently I work for a small office with about 30 people, not many chances of ad. *I have my own office right now, I would be working in a cubicle at the now job. *People are nice at my current job and I am pretty much my own boss as I am the only technology person here. *At the new job I will be working in a team and reporting to other tech people. *
__________________
maggieddd is offline   Reply With Quote
Re: Job decision
Old 06-23-2006, 10:56 AM   #5
Recycles dryer sheets
 
Join Date: Nov 2005
Posts: 73
Re: Job decision

Quote:
Originally Posted by Rich_in_Tampa
So, if Maggiedd works 48 weeks a year, 5 days a week, that is 2 hrs x 5 days x 48 wks = 480 hours a year spent in the car (she may not "mind" the commute, but I am sure would rather be doing something else). But I'm seeing $4032 savings per year on health insurance alone at the old job. So the total difference is probably more than $5k, more like 8K per year.

Hard to put a price on what it's worth to you to have 2 hours a day more at home (that's 13% of your waking hours ).

When my kids were at home and little, I probably would have opted for the shorter commute. Now, I'd probably stick it out at the old job, plug in my iPod, learn Spanish, books-on-tape, and enjoy the ride.

BTW - if the old job gets you to FIRE even a few months sooner, you'll make up those road-hours real fast.
what about the vacation time I get now? I think it's worth to me much more than extra hours I would gain at home every day, because honestly I would be getting home at the same time as the new job is from 9-5 and the old job is from 8-4. And the extra hour in the morning I will just probably waste on sleeping :
__________________
maggieddd is offline   Reply With Quote
Re: Job decision
Old 06-23-2006, 11:17 AM   #6
Thinks s/he gets paid by the post
SteveR's Avatar
 
Join Date: Jul 2005
Posts: 2,803
Re: Job decision

Based on your reply so far.....stay in your current job. Living in a cube farm s*cks after being in an office and reporting to a group of people rather than just one can be a jolting experience and one you may live to regret.

How much longer do you need to work to FIRE? That could also be a major issue in either job.

Remember,

The Devil you know is better than the Devil you don't.

Change for the sake of change can be good but it can also put you in a far worse situation. If the financial impact is also worse in the new job you may very well live to regret saving a couple hours of "self improvement" time a day.
__________________
Work? I don't have time to work....I'm retired.
SteveR is offline   Reply With Quote
Re: Job decision
Old 06-23-2006, 11:25 AM   #7
Moderator Emeritus
Rich_by_the_Bay's Avatar
 
Join Date: Feb 2006
Location: San Francisco
Posts: 8,827
Re: Job decision

Quote:
Originally Posted by maggieddd
what about the vacation time I get now? I think it's worth to me much more than extra hours I would gain at home every day, because honestly I would be getting home at the same time as the new job is from 9-5 and the old job is from 8-4. And the extra hour in the morning I will just probably waste on sleeping :
Maggie, I think you've decided, and I think it's a good decision. Enjoy.

BTW, time spent sleeping is never a waste . One of life's great art forms. My DW is jealous of very few things I can do that she can't, but power-sleeping and napping are among them.
__________________
Rich
San Francisco Area
ESR'd March 2010. FIRE'd January 2011.

As if you didn't know..If the above message contains medical content, it's NOT intended as advice, and may not be accurate, applicable or sufficient. Don't rely on it for any purpose. Consult your own doctor for all medical advice.
Rich_by_the_Bay is offline   Reply With Quote
Re: Job decision
Old 06-23-2006, 11:27 AM   #8
Recycles dryer sheets
 
Join Date: Nov 2005
Posts: 73
Re: Job decision

Quote:
Originally Posted by SteveR
Based on your reply so far.....stay in your current job.* Living in a cube farm s*cks after being in an office and reporting to a group of people rather than just one can be a jolting experience and one you may live to regret.*

How much longer do you need to work to FIRE?* That could also be a major issue in either job.*

Remember,

The Devil you know is better than the Devil you don't.*

Change for the sake of change can be good but it can also put you in a far worse situation.* If the financial impact is also worse in the new job you may very well live to regret saving a couple hours of "self improvement" time a day.
I am 28 years old so I have a long way to go.

I am leaning towards staying in my current job the only thing I am worried about is that I am not learning any more skills which might be bad if I was ever to look for another job.

Anyway, I have to let them know whether I take the new job or not probably today
__________________
maggieddd is offline   Reply With Quote
Re: Job decision
Old 06-23-2006, 02:13 PM   #9
Recycles dryer sheets
 
Join Date: Nov 2005
Posts: 73
Re: Job decision

Do you think this is a good thing to write:


I appreciate your offer and I know I would contribute to meeting your goals but when I reviewed the salary and the benefits I realized that the impact on my financial situation wouldn’t be favorable. Unfortunately, I will not be able to accept this postion.

Thank you
__________________
maggieddd is offline   Reply With Quote
Re: Job decision
Old 06-23-2006, 02:26 PM   #10
Moderator Emeritus
Rich_by_the_Bay's Avatar
 
Join Date: Feb 2006
Location: San Francisco
Posts: 8,827
Re: Job decision

Sounds OK to me.

An alternative would be to call them asking if that is the best offer they can give you, verbally. Then just a nice letter telling them how great they are but at this time you have decided to stay with your current position, hope our paths cross, etc. without mentioning the money (after all, if they offered a bit more you might still not take the position). They'll get the message

I'm being picky here, but have hired alot of folks but it's always best when a recruit comes across as subtle about the money thing until necessary.

Glad to hear of your wise decision.
__________________
Rich
San Francisco Area
ESR'd March 2010. FIRE'd January 2011.

As if you didn't know..If the above message contains medical content, it's NOT intended as advice, and may not be accurate, applicable or sufficient. Don't rely on it for any purpose. Consult your own doctor for all medical advice.
Rich_by_the_Bay is offline   Reply With Quote
Re: Job decision
Old 06-23-2006, 03:04 PM   #11
Thinks s/he gets paid by the post
SteveR's Avatar
 
Join Date: Jul 2005
Posts: 2,803
Re: Job decision

Quote:
Originally Posted by Rich_in_Tampa
Sounds OK to me.

An alternative would be to call them asking if that is the best offer they can give you, verbally. Then just a nice letter telling them how great they are but at this time you have decided to stay with your current position, hope our paths cross, etc. without mentioning the money (after all, if they offered a bit more you might still not take the position). They'll get the message

I'm being picky here, but have hired alot of folks but it's always best when a recruit comes across as subtle about the money thing until necessary.

Glad to* hear of your wise decision.

I agree with Rich's comment too.
People who want to quibble about small amounts of money as the only issue in a potential hiring situation cause some red flags to appear. Sure money is a major consideration but it is not the only one. If we are close in $$ and that is the only issue, I am sure we can find a way to an agreement in most cases. But honesty is a big deal for me and trying to squeeze out another few $$$ in salary makes me think less of the candidate. Real benefit issues, stock options, large wage differences, relocation packages, etc. are solid issues that can make or break a hiring deal. A few $$ is just petty to me.

Candidates that decline a job for "gray area" reasons get their resume filed in the circular floor file pretty quick.
__________________
Work? I don't have time to work....I'm retired.
SteveR is offline   Reply With Quote
Re: Job decision
Old 06-23-2006, 05:41 PM   #12
Full time employment: Posting here.
 
Join Date: Apr 2004
Posts: 802
Re: Job decision

Maggie DDD, could we have some pictures!
__________________
Zipper is offline   Reply With Quote
Re: Job decision
Old 06-23-2006, 05:56 PM   #13
Recycles dryer sheets
 
Join Date: Nov 2005
Posts: 73
Re: Job decision

Quote:
Originally Posted by Zipper
Maggie DDD, could we have some pictures!
of?
__________________
maggieddd is offline   Reply With Quote
Re: Job decision
Old 06-24-2006, 01:00 PM   #14
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,620
Re: Job decision

Quote:
Originally Posted by Zipper
Maggie DDD, could we have some pictures!
Ya know, Zip, that "DDD" acronym could stand for a lot of other things besides what you're apparently thinking of...

like
data display debugger,
dynamic digital depth, or
dichlorodiphenyldichloroethane.
__________________
*
*

The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote
Re: Job decision
Old 06-24-2006, 01:18 PM   #15
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: Job decision

One interesting thing I noted from hiring a few hundred people. Women either took the first offer or rejected it. Guys always asked for more pay and/or bonus. We usually kicked up the offer by 10-20%. I always wondered if that didnt have something to do with the pay gap between men and women.

The usual HR routine is to gauge the marketplace and what current employees at similar jobs are making and offer some average middling figure. Its almost always flexible, at least a little bit.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Re: Job decision
Old 06-24-2006, 02:57 PM   #16
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Brat's Avatar
 
Join Date: Feb 2004
Location: Portland, Oregon
Posts: 5,914
Re: Job decision

Quote:
Originally Posted by Cute n Fuzzy Bun'ny
One interesting thing I noted from hiring a few hundred people.* Women either took the first offer or rejected it.* Guys always asked for more pay and/or bonus.* We usually kicked up the offer by 10-20%.* I always wondered if that didnt have something to do with the pay gap between men and women.

The usual HR routine is to gauge the marketplace and what current employees at similar jobs are making and offer some average middling figure.* Its almost always flexible, at least a little bit.
Well said. HR folks, pour a tall one and read the two DOL Notices in the June 19 Federal Register about their approach to compensation analysis. My comments are included in their footnotes.
__________________
Duck bjorn.
Brat is offline   Reply With Quote
Re: Job decision
Old 06-24-2006, 06:43 PM   #17
Thinks s/he gets paid by the post
Spanky's Avatar
 
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,046
Re: Job decision

Quote:
Originally Posted by Cute n Fuzzy Bun'ny
One interesting thing I noted from hiring a few hundred people. Women either took the first offer or rejected it.
Interesting observation - my wife always takes the first offer and never bargain for more.
__________________
May we live in peace and harmony and be free from all human sufferings.
Spanky is offline   Reply With Quote
Re: Job decision
Old 06-27-2006, 11:11 AM   #18
Full time employment: Posting here.
 
Join Date: Mar 2005
Posts: 927
Re: Job decision

Don't know if you've rejected the job yet but thought I'd add a comment...

My sister drives... er... used to drive a very small Hyundai. I assume your hybrid is equally small and light.

This weekend she got t-boned by a huge pickup. Fortunately for her he nailed her just BEHIND the driver's door, and she had (unbeknownst to her!) a car with a side airbag. Apart from a neck-ache, she's ok.

The entire back end of her car, on the other hand, is unrecognizable. And parts of it were found hundreds of yards away. If she'd been one nanosecond later through that intersection, we'd be burying what we could find of her this week.

We've been reminded that you risk more than small increments of time when you spend long hours behind the wheel.

FWIW,
Caroline
__________________
Caroline is offline   Reply With Quote
Re: Job decision
Old 06-27-2006, 11:24 AM   #19
Recycles dryer sheets
 
Join Date: Oct 2003
Posts: 175
Re: Job decision

Quote:
Originally Posted by Cute n Fuzzy Bunnay
One interesting thing I noted from hiring a few hundred people. Women either took the first offer or rejected it. Guys always asked for more pay and/or bonus. We usually kicked up the offer by 10-20%. I always wondered if that didnt have something to do with the pay gap between men and women.
I guess I am not typical female then. Even though I was being RIF'ed at the time, I still rejected the offer until they got the $$$$ up.

Maggie, stay where you are. 'Teamwork', bosses and cubes are hell. I might even go back to work if I could get myself a job that you currently have.

Still, I would not completely reject the other party. I would still leave it open for the future. Just have a nice chat and say that because of some personal circumstances or whatever you can not take it at this time but that it was a very difficult decision blah blah blah.

Vicky
__________________
vic is offline   Reply With Quote
Re: Job decision
Old 06-28-2006, 05:06 AM   #20
Recycles dryer sheets
 
Join Date: Nov 2005
Posts: 73
Re: Job decision

I have an update
After writing a nice email telling them that I would not be able to take the position I was asked to call them for a chat. So I did that on Monday evening and I was asked about the reasons for my rejection and what they would have to do in order to make me take the job. Well, I asked for extra $$$$ to cover the difference in health insurance cost and also I told them that I already had vacation booked for 1 month and they would have to let me take the time off. I was told they would get back to me and they did. But they asked me to call them. Well, I got nervous and I didn't call them yesterday. I know I have to call them today. I am nervous because I am afraid that they would agree to my terms but I am so sure that I don't want to take the job any more. I only asked for $5,000 more.
Ahh, what should I do if they agree to pay more?

__________________

__________________
maggieddd is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Legal for employer to advertise your job before you've left? TheGeneral Young Dreamers 9 03-06-2007 12:18 PM
Thinking out loud about a possible job move HobbyDave Young Dreamers 15 05-25-2006 02:29 PM
Which job to pick? geeman Young Dreamers 65 03-13-2006 06:00 PM
The Perfect Job flipstress Other topics 9 12-02-2005 05:00 PM
Possible Job Opportunity... brewer12345 Young Dreamers 18 12-10-2004 06:51 AM

 

 
All times are GMT -6. The time now is 10:57 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.