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Five Year Fix, Five Year Plan

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  • Merlin's_Beard
    Merlin's_Beard Posts: 1,484 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    edited 7 August 2022 at 10:42AM
    It just sounds really weird. Maybe it's because I am in a different industry, but this would presumably make staffing more confusing (on the side of the employer). So I'm not 100% understanding why they want the change anyway.

    What do your colleagues make of it?
    The whole thing is really weird to be honest. Colleagues think the bits they know about are weird. I think the whole thing is an overcomplication of things that aren't that complicated. But definitely not industry standard here either.

    Essentially one shift at one branch is shorter by a few hours, but is normally shared between all FT (but not PT) staff. This means FT staff have regular weeks that run "short" on rota'd hours. Solution is to offer me that shift every week and give me shorter hours, everyone else works their regular hours every week. Massive potential to create resentment (in loss of short day) with other FT staff.

    (Industry standard in these situations is either to build that shorter day into the average, or just to accept that a slightly shorter day is a bit of a treat and that staff will stay late unpaid when necessary the rest of the time)

    Whatever happens will definitely be proceeding with caution @savingholmes - have been stymied by bosses before back in the days when I trusted!

    Also a whole possibility that this will be a flash in the pan and come to nothing!
    Start mortgage date: August 2022; Start mortgage amount: £240,999; Original mortgage free date: August 2056
    Current mortgage amount: £226,957.97
    Start student loan 2012: £29,750; current student loan: CLEARED July 2025
  • That's a tricky one! On the whole, I'd say slightly less hours is worth it but there's a few major caveats.
    There's potential for major resentment with the rest of the team as it's likely they're feeling overworked and burnt out (pretty widespread at the moment). Branch shifts are often a little quieter so we try to rota them out fairly to give everyone a bit of a 'rest' day. If the other vets lose that they may feel put upon, even if they know you're getting a wage reduction, which they might well not.
    There's also uncertainty with the workload. Will it genuinely be shorter days? Will you need to transport patients at the end of your shift, need to do more client calls etc. Is the branch getting busier? Will you be under pressure to build it up? Is it quiet? Will you get bored? I've been in that situation and found the boredom and underwork was it's own form of stress.
    Re pay. There is a massive shortage of experienced vets right now and wages are going up. I don't know if your independant or corportae but most coropates have announced additional pay rises and improved benefits. If you drop now it's likely your wage will go back up soon. Worth knowing if your practice has you on pay bands or do they factor in turnover. If the latter then a quieter branch with fewer ops etc could have a long term impact.
    MFW 2024 £27500/7500 Mortgage £129,500 Jan 22 Final payment June 38 Now £68489.08 FP May 36 Emergency Fund £20,000 100% Added to ISA 24 £8,060 Save 12k in 24 #31 £20,034.76/20,000 Debt Free 31.07.14
  • Merlin's_Beard
    Merlin's_Beard Posts: 1,484 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    In a few weeks - it's the week I thought I'd be moving before everything was pushed back, so now I've only got some packing and some organising to do.
    Start mortgage date: August 2022; Start mortgage amount: £240,999; Original mortgage free date: August 2056
    Current mortgage amount: £226,957.97
    Start student loan 2012: £29,750; current student loan: CLEARED July 2025
  • savingholmes
    savingholmes Posts: 28,973 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Good luck whatever you decide.

    Could you afford real part time?
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £174.8K Equity 32.77%
    2) £2.6K Net savings after CCs 6/7/25
    3) Mortgage neutral by 06/30 (AVC £24.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 30.1/£127.5K target 23.6% 29/7/25
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.8K updated 29/7/25
  • Merlin's_Beard
    Merlin's_Beard Posts: 1,484 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    Good luck whatever you decide.

    Could you afford real part time?
    Part time as defined by the rest of the world, no. 35h a week as suggested, probably.
    Start mortgage date: August 2022; Start mortgage amount: £240,999; Original mortgage free date: August 2056
    Current mortgage amount: £226,957.97
    Start student loan 2012: £29,750; current student loan: CLEARED July 2025
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