Salary Expecation

w00519772

I have seen another job advertised, which I could be potentially interested in. If I do apply then I have to specify my salary expectation at the application stage. My current salary is about: £38,500. I live about 3 miles from where I work. The new position is about 43 miles away.

I have used the following formula:

1) Add 10% as an incentive to move = 42350
2) My cars' MPG = 34
3) Diesal cost per gallon: 6.18
4) Cost of diesel per day: 15
5) Total cost per year (assuming work about 226 days): 3390
6) 42350+3390=45,740

Round it up to 46,000 (after considering general wear and tear of car). Are my calculations reasonable here? If you would do something different in a calculation then let me know. The job is advertised at 40,000-50,000.

I understand that there is a lot more to applying for a job than the salary (this is actually low on my criteria), however it is still important.

I would also be interested to hear from anyone who use to commute a small distance (and was happy in their role), but now commutes much further. What made you decide to commute a lot further as you were happy in your role?

DomRavioli

A rather large pay rise made me move from my very local job to a 50 mile round trip one. I went up around 25% at the time.

theoretica

Your 10% incentive to move will need to cover the increase in commuting time - divide £3800 increase by 226 days and an estimated 1.5 hours total increase in commute and I make that about £11 an hour.

Any parking costs?

Businesses may refund up to 45p a mile as mileage costs for using a personal vehicle to cover insurance, fuel and wear and tear for the first 10k and 25p after this. The business/commuting insurance will make a difference, but an interesting take on what the tax man thinks is the cost of going those distances in your own car. £6520.

getmore4less

How good a fit are you to the job,
What's a market range for the job

Aiming for the top 25% of the range might mean you need a very good fit but they may prefer a person that can start lower and grow into it

Thats a lot of extra comute time.

sujman

Personally I would leave that section blank. If you are a good candidate they will invite you for an interview. If you are offered the job, you can negotiate your salary then.

Annisele

Assuming you're paying for the diesel out of your post-tax income, you'd need a payrise of more than £3,390 to compensate you for £3,390 of extra costs.

TELLIT01

Just a couple of minor points. 34 mpg from a diesel engine seems very low and price per gallon high. Around here diesel is £1.10 per litre which is around £5 per gallon.
Using your own calculations you are only allowing about £250 per year for additional wear and tear on your car. You are looking at about 18,000 extra miles per year so 2 x additional services per year and probably a set of tyres too.

w00519772

TELLIT01 wrote: »

Just a couple of minor points. 34 mpg from a diesel engine seems very low and price per gallon high. Around here diesel is £1.10 per litre which is around £5 per gallon.
Using your own calculations you are only allowing about £250 per year for additional wear and tear on your car. You are looking at about 18,000 extra miles per year so 2 x additional services per year and probably a set of tyres too.

I was catering for the fact that diesal is quite cheap at the moment. How much would you add for wear and tear?

TELLIT01

If you are hoping to cover costs, rather than added depreciation on car due to the additional mileage, add the cost of additional services and the tyres - maybe another £4-500?

HappyMJ

I'd use 25p/mile rather than trying to work out cost per gallon.

That would then be £4,859 then I'd gross it up to take account of tax and NI. Tax is 20% and NI is 12%. Grossed up that would make the figure £7,145 per year...just to break even doing an extra 86 miles a day for 226 days.

w00519772

HappyMJ wrote: »

I'd use 25p/mile rather than trying to work out cost per gallon.

That would then be £4,859 then I'd gross it up to take account of tax and NI. Tax is 20% and NI is 12%. Grossed up that would make the figure £7,145 per year...just to break even doing an extra 86 miles a day for 226 days.

Why are you adding tax and Ni. I would pay commuting costs using my take home pay, wouldn't I?