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  • FIRST POST
    • westbridgfordguy
    • By westbridgfordguy 7th Apr 18, 2:23 PM
    • 53Posts
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    westbridgfordguy
    Should I take new job - pros and cons
    • #1
    • 7th Apr 18, 2:23 PM
    Should I take new job - pros and cons 7th Apr 18 at 2:23 PM
    I got through the contract last night regards a job offer for a new company so have got a little thinking to do over the weekend.

    On circumspection the pros against cons are as follows:-

    Pros:-

    1. £4k pay rise (or 13% rise),
    2. £4k potential worth of annual performance related bonuses against £1k
    3. Preferable working hours- Monday to Friday mornings starts as opposed to Monday to Friday mixture of mornings/afternoons shifts

    Cons:-

    1. Double travelling distance, 60 mile daily round trip commute as opposed to 30 miles - daily commute time will be roughly double from 50 mins to 100 mins for round trip
    2. Equal amount of poor holiday entitlement - statutory 28 days but have to bank some for Xmas shutdown in new job so actually 15 "free floating" days
    3. Have to work some weekends unpaid (same in current job but new contract didn't specify if get time back off in lieu, current job do get hours worked back)

    Job will be doing effectively the same as before but job title changed slightly.

    Any thoughts/feedback please?
    Last edited by westbridgfordguy; 07-04-2018 at 2:27 PM.
Page 1
    • ACG
    • By ACG 7th Apr 18, 2:33 PM
    • 16,693 Posts
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    ACG
    • #2
    • 7th Apr 18, 2:33 PM
    • #2
    • 7th Apr 18, 2:33 PM
    Time over money for me, especially now I have a baby.
    I would stay where I am.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
    • Pavior123
    • By Pavior123 7th Apr 18, 2:33 PM
    • 9 Posts
    • 1 Thanks
    Pavior123
    • #3
    • 7th Apr 18, 2:33 PM
    • #3
    • 7th Apr 18, 2:33 PM
    Pay rise will cover extra travelling, really depends on if you think you will hit the 4k bonus or not.

    1) do you want the extra money or more spare time

    2) do you want a change?

    3) Would your current employer match the salary you have been offered
    • Savvy_Sue
    • By Savvy_Sue 7th Apr 18, 2:36 PM
    • 38,375 Posts
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    Savvy_Sue
    • #4
    • 7th Apr 18, 2:36 PM
    • #4
    • 7th Apr 18, 2:36 PM
    First thing I'd want to do is find out if the weekends give rise to TOIL, or not.

    And what's the cost of the increased commute?

    And are the employer's pension contributions similar, or very different?

    Then there's the question of what's more important to you, money or time?
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    • westbridgfordguy
    • By westbridgfordguy 7th Apr 18, 2:44 PM
    • 53 Posts
    • 17 Thanks
    westbridgfordguy
    • #5
    • 7th Apr 18, 2:44 PM
    • #5
    • 7th Apr 18, 2:44 PM
    Pay rise will cover extra travelling, really depends on if you think you will hit the 4k bonus or not.

    1) do you want the extra money or more spare time

    2) do you want a change?

    3) Would your current employer match the salary you have been offered
    Originally posted by Pavior123
    At this time in my life I'd probably say the extra money but conscious that this might not always be the case.

    I doubt if my current employer would match this new offer they have a very rigid pay structure, I can broach this subject though when I discuss the job offer next week with my line manager.
    • westbridgfordguy
    • By westbridgfordguy 7th Apr 18, 2:49 PM
    • 53 Posts
    • 17 Thanks
    westbridgfordguy
    • #6
    • 7th Apr 18, 2:49 PM
    • #6
    • 7th Apr 18, 2:49 PM
    First thing I'd want to do is find out if the weekends give rise to TOIL, or not.

    And what's the cost of the increased commute?

    And are the employer's pension contributions similar, or very different?

    Then there's the question of what's more important to you, money or time?
    Originally posted by Savvy_Sue
    Additional commuting cost will be about £60 a month did a rough calculation last night against my normal mpg.

    You're right about the TOIL that was one of my questions I was going to email HR about over the weekend along with the pension scheme though my current company pension provider is NEST so pay the bare minimum as contributions.
    • nicechap
    • By nicechap 7th Apr 18, 3:21 PM
    • 1,030 Posts
    • 2,249 Thanks
    nicechap
    • #7
    • 7th Apr 18, 3:21 PM
    • #7
    • 7th Apr 18, 3:21 PM
    Additional commuting cost will be about £60 a month did a rough calculation last night against my normal mpg.

    You're right about the TOIL that was one of my questions I was going to email HR about over the weekend along with the pension scheme though my current company pension provider is NEST so pay the bare minimum as contributions.
    Originally posted by westbridgfordguy
    £60 is likely to be an out extra fuel costs, when you add in wear & tear on the tyres, engine etc and depreciation it’s more like £60 a week (40p a mile).

    Given you’re “unhappiness” at inconvenient meetings due to current shift pattern and “concern” at your forthcoming appraisal, why are you asking strangers on the internet?
    Quote was right and saw into the future.
    • westbridgfordguy
    • By westbridgfordguy 7th Apr 18, 3:34 PM
    • 53 Posts
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    westbridgfordguy
    • #8
    • 7th Apr 18, 3:34 PM
    • #8
    • 7th Apr 18, 3:34 PM
    £60 is likely to be an out extra fuel costs, when you add in wear & tear on the tyres, engine etc and depreciation it’s more like £60 a week (40p a mile).
    Originally posted by nicechap
    Fair comment about the additional motoring costs, on the basis of your calculation that would totally negate any rise in salary - I'd be taking home an extra £250ish pounds a month which would be wiped out by the additional motoring costs you've detailed.
    • getmore4less
    • By getmore4less 7th Apr 18, 3:42 PM
    • 31,877 Posts
    • 19,102 Thanks
    getmore4less
    • #9
    • 7th Apr 18, 3:42 PM
    • #9
    • 7th Apr 18, 3:42 PM
    Work out the hourly rate for that extra 50mins a day, then after costs.

    Probably better off doing a min wage job locally for 4hrs a week.
    • getmore4less
    • By getmore4less 7th Apr 18, 3:46 PM
    • 31,877 Posts
    • 19,102 Thanks
    getmore4less
    Don't forget to take off 32% for tax and NI. £227pm left.
    • nicechap
    • By nicechap 7th Apr 18, 4:04 PM
    • 1,030 Posts
    • 2,249 Thanks
    nicechap
    £4K extra means bigger eventual pension too due to bigger contributions.
    Quote was right and saw into the future.
    • westbridgfordguy
    • By westbridgfordguy 7th Apr 18, 4:07 PM
    • 53 Posts
    • 17 Thanks
    westbridgfordguy
    Don't forget to take off 32% for tax and NI. £227pm left.
    Originally posted by getmore4less
    I crunched the numbers last night on the ListentoTaxman website, after tax and NI the differential between my take home pay now and my proposed take home will be about £250.

    I didn't mention earlier that I get a 5% or £125 a month payment incorporated into my current salary for working unsociable hours, my potential new job will not include this uplift as I will only be working mornings so this needs to be factored in as well.
    • Les79
    • By Les79 7th Apr 18, 10:48 PM
    • 132 Posts
    • 173 Thanks
    Les79
    The key question is:

    Why did you apply for the job in the first place?

    Some reasons warrant a change even if the new terms are unfavourable in some ways.
    • diggingdude
    • By diggingdude 7th Apr 18, 11:12 PM
    • 121 Posts
    • 112 Thanks
    diggingdude
    financially it doesn't sound as though there is a massive incentive to leave, however as someone who has moved employer previously to protect my sanity I think you should pick which one gives you a better quality of life.
    House Deposit - Target £20000 April 2019
    Current Savings - £10225
    • westbridgfordguy
    • By westbridgfordguy 7th Apr 18, 11:53 PM
    • 53 Posts
    • 17 Thanks
    westbridgfordguy
    financially it doesn't sound as though there is a massive incentive to leave, however as someone who has moved employer previously to protect my sanity I think you should pick which one gives you a better quality of life.
    Originally posted by diggingdude
    Part of the reason I'm looking to leave purely for the work life aspect is I have to work a third of my working weeks finishing at 10pm at night. Socially therefore that week is total wipe out. The saving grace is that they pay me 5% on top of my base salary when I work these hours but would prefer not to work them at all; my prospective new job will mean I work permanent mornings and get a 20% uplift on my existing salary to work better hours.
    • westbridgfordguy
    • By westbridgfordguy 7th Apr 18, 11:55 PM
    • 53 Posts
    • 17 Thanks
    westbridgfordguy
    The key question is:

    Why did you apply for the job in the first place?

    Some reasons warrant a change even if the new terms are unfavourable in some ways.
    Originally posted by Les79
    Better working pattern, more money.
    • Tabbytabitha
    • By Tabbytabitha 8th Apr 18, 9:53 AM
    • 1,919 Posts
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    Tabbytabitha
    Do you currently claim WTC?
    • Fireflyaway
    • By Fireflyaway 8th Apr 18, 10:39 AM
    • 1,667 Posts
    • 1,781 Thanks
    Fireflyaway
    Go for the new job. You will soon get used to the extra travel time. My thinking is because you wouldn't have applied it you were totally happy where you are. Better hours alone can often be worth more than better pay.
    Look forward as well. Would either of these jobs help you progress better than the other or are they identical in that respect?
    • westbridgfordguy
    • By westbridgfordguy 8th Apr 18, 6:18 PM
    • 53 Posts
    • 17 Thanks
    westbridgfordguy
    Do you currently claim WTC?
    Originally posted by Tabbytabitha
    I don't, no - what bearing would that have on the decision do you consider
    • westbridgfordguy
    • By westbridgfordguy 8th Apr 18, 6:21 PM
    • 53 Posts
    • 17 Thanks
    westbridgfordguy
    Look forward as well. Would either of these jobs help you progress better than the other or are they identical in that respect?
    Originally posted by Fireflyaway
    There's no real sign of any progression where I am, my line manager is very comfortable in the role he's been doing for a number of years and has no ambitions beyond that - there's nowhere for him to move even if he did have career aspirations as his line manager has only just been recruited about 6 months ago.
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