Settle an agrument!
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I'd say looking at it as a package (and assuming everything else to be equal) - you earn more.
You get £50K, but get travel costs worth £10K
Your friend earns £55K, but (presumably) has £10K travel costs.
So after travel costs are removed, you've £50K and your friend has £45K.
Hes very foolish if hes looking at only salary when he looks at a job. Its about the overall package (but i suspect he knows that and is just trying to big himself up a bit)
Why would the travel costs be £10K if the grossed up value is £10k.
Then there is the BIK factor0 -
getmore4less wrote: »Why would the travel costs be £10K if the grossed up value is £10k.
Then there is the BIK factor
He said he travels by train, so presumably the train ticket will cost them both the same?0 -
Your friend earns more. You have a good benefit.
If you were to move I would look at your salary as it is and look at an increase. I would also then look at the company benefits package, but separately.Forty and fabulous, well that's what my cards say....0 -
Do people really have the "my salary is bigger than your salary" conversations???
Isn't that a bit like the "my willy is bigger than your willy" conversations?Should've = Should HAVE (not 'of')
Would've = Would HAVE (not 'of')
No, I am not perfect, but yes I do judge people on their use of basic English language. If you didn't know the above, then learn it! (If English is your second language, then you are forgiven!)0 -
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I!!!8217;d say it comes down to your take home pay.
Your travel costs are technically never seen.
Therefore they take home more than you in actual pay but have more direct costs in terms of travel.0 -
I!!!8217;d say it comes down to your take home pay.
Your travel costs are technically never seen.
Therefore they take home more than you in actual pay but have more direct costs in terms of travel.
I see the logic, but if their pension contributions were higher than mine I could still take home more than them? That's why I worked it out based on the total package and not just what goes into my bank every month.0 -
How does the travel bit work for you?
Do they give you this extra 10k monthly evenly distributed with your monthly salary?
Do they refund your tickets?
Or another way?
I would basically be saying, compare your wage slip, after ALL deductions who gets the most!0 -
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Timberflake1983 wrote: »- HOW MUCH your friend earns
Not my place to put their salary on here, but its around 10% more than me.
- Where you live
- Where friend lives
Both live in the same village and our offices are both in the same part of London
- Transport methods used
Train
Ok well, "both live in the same village" could mean anything!
It could mean Inchinnan near Glasgow or Abbots Langley near Watford! The annual train tickets will obviously differ depending on which village!
But to be honest, I don't really have the patience to do this. You are really just willy-waving with your friend.
It is simple maths.
Take your gross, add on the cost of a yearly train ticket from your location and MAYBE add on the tax component for the train ticket cost (although I suspect you won't be classed as having paid tax on the cost of the train ticket, so it becomes immaterial).
Take your friend's ACTUAL gross and subtract it from your total as above.
Easy peasy. If you have any other benefits which you'd like to compare then rinse and repeat.
Frankly, I'm quite surprised how two people on 50k+ can't work that out with complete data at their disposal?0
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