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Author Topic: Dilemma - Whats important - Net Pay or Job Title  (Read 2384 times)

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TheBoy

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Re: Dilemma - Whats important - Net Pay or Job Title
« Reply #15 on: 26 March 2008, 18:03:28 »

So you'll only be down around £2k per year (12x£500 - £4k rise), but have better prospects, and better hours (so more tinkering time ;)).

I'd go for the new role...
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Dazzler

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Re: Dilemma - Whats important - Net Pay or Job Title
« Reply #16 on: 26 March 2008, 18:04:53 »

Quote
So you'll only be down around £2k per year (12x£500 - £4k rise), but have better prospects, and better hours (so more tinkering time ;)).

I'd go for the new role...
Put like that i would say the same as Jaime ;)
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Gaffers

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Re: Dilemma - Whats important - Net Pay or Job Title
« Reply #17 on: 26 March 2008, 18:05:12 »

Tell them you'll take the job if they can match your current average take home pay, at least then they wont accuse you of being unabitious  ;D ;D ;D
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HolyCount

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Re: Dilemma - Whats important - Net Pay or Job Title
« Reply #18 on: 26 March 2008, 18:05:46 »

Hmmm . currently happy with money you are getting now?  Happy with the level  of responsibility ( and hence stress)? Happy to be able to indulge in other enterprises ?

If t'were me -- I would probably stay as I am ( being happy!). In  my experience ( been there, done that) newly created posts are often the first to disappear when company purse strings need tightening. Another spanner in the mix .....
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cem_devecioglu

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Re: Dilemma - Whats important - Net Pay or Job Title
« Reply #19 on: 26 March 2008, 18:11:26 »

if both jobs payments are adequate for a living,  position is more

important..

but if payments are close to red line decision is obvious..
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keith2.2

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Re: Dilemma - Whats important - Net Pay or Job Title
« Reply #20 on: 26 March 2008, 18:32:33 »

I think there's something else that you're missing, also:

You say that your team is the highest performing. You must surely know why.

Sounds to me like your new job would put you in a position to impose these winning ways on the other teams, thus multiplying your bonus. Win-win. Not to mention the exponential increase in kudos within the company.

As I think has already been mentioned, if what ever it is you sell is likely to be linked in any way to economic slowdown, then your bonus isn't something you can rely on, whereas a higher base is.

Then theres the "5-year plan" to consider.

Job security - is your new role likely to be more stable than that which you have at the moment? How secure is the company (in relation to previous comments about purse string tightening)

If the role has been created for you, are you in a position to use this as a bargaining tool?

just my 2p





« Last Edit: 26 March 2008, 18:37:40 by keith-22 »
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Bandit127

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Re: Dilemma - Whats important - Net Pay or Job Title
« Reply #21 on: 26 March 2008, 18:51:04 »

I'm with Mark, take the promotion because your salary (and pension and CV) will probably be more in 2 years and possibly much more in 5. Hang back and it will be basically flat.

Your success belies the comment about working to live by the way...

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Markie

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Re: Dilemma - Whats important - Net Pay or Job Title
« Reply #22 on: 26 March 2008, 18:55:42 »

Quote
I think there's something else that you're missing, also:

You say that your team is the highest performing. You must surely know why.

Sounds to me like your new job would put you in a position to impose these winning ways on the other teams, thus multiplying your bonus. Win-win. Not to mention the exponential increase in kudos within the company.

As I think has already been mentioned, if what ever it is you sell is likely to be linked in any way to economic slowdown, then your bonus isn't something you can rely on, whereas a higher base is.

Then theres the "5-year plan" to consider.

Job security - is your new role likely to be more stable than that which you have at the moment? How secure is the company (in relation to previous comments about purse string tightening)

If the role has been created for you, are you in a position to use this as a bargaining tool?

just my 2p






Some very valid points Keith - and everyone else that has give some valuable input Thanks  :y

In reply to some of the points....

I have been with the company 6 years - we are pretty stable - now and reporting a substantial profit for the first time.

Bonus is not based on handset sales as such as we only sell to existing customer base and a sale is regarded as renewing existing contracts. An aside and sweetner to this may well be free handset...However that market is changing

The role i take will remove me from directly impacting the 12 teams ( 3 of which are currently mine) I would then be responsible for managing the 6 individual managers of the teams - Frankly some of them and their teams are dead wood and bombproof.... So i wont ever get the level of performance from the department that i get from my teams as there is a capability issue.

That however is another story as our HR department refuse categorically to manage people out the door on the basisof being incapable.

Theres one other candidate going for it but when i advised him that I  am considoring going for the role again today after initially ruling myself out there face changed several colours in a matter of a few minutes - ie they know i have the experience and profile to give me the advantage in any "shoot out"

Still mulling it over and as the responses here suggest theres pros and cons for going for it.....

I guess its time to take the word of the all conquering, all feared master .... wonder if SWMBO is home yet  ;D
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Re: Dilemma - Whats important - Net Pay or Job Title
« Reply #23 on: 26 March 2008, 20:48:02 »

Quote
Quote
Quote
Hmmm.....do the bonuses count towards your pension?

I would go with the promo.....but thats me.


Pension is non contrib and salary only - not including bonus....


So, the greater salary would be better for your pension which has to be taken into account.

Plus given the line of buisness your in, and the financial situation the world is moving into.....your Bonus might not be as big in 12 months time....or less.

Trouble is these days, you hear of too many pension companies collapsing, and not paying out anything...

That money could be spent on other projects which could make more money, or just take the extra money and save it away someware.
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Del Boy

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Re: Dilemma - Whats important - Net Pay or Job Title
« Reply #24 on: 26 March 2008, 20:58:37 »

Money is money mate i would stay where you are.
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Marks DTM Calib

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Re: Dilemma - Whats important - Net Pay or Job Title
« Reply #25 on: 26 March 2008, 21:13:51 »

Quote
Quote
Quote
Quote
Hmmm.....do the bonuses count towards your pension?

I would go with the promo.....but thats me.


Pension is non contrib and salary only - not including bonus....


So, the greater salary would be better for your pension which has to be taken into account.

Plus given the line of buisness your in, and the financial situation the world is moving into.....your Bonus might not be as big in 12 months time....or less.

Trouble is these days, you hear of too many pension companies collapsing, and not paying out anything...

That money could be spent on other projects which could make more money, or just take the extra money and save it away someware.

Who said anything about a pension company, I suspect its a company scheme with good contributions from the employer.........which are reasonably well policed these days.

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Markie

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Re: Dilemma - Whats important - Net Pay or Job Title
« Reply #26 on: 26 March 2008, 21:17:50 »

Quote
Quote
Quote
Quote
Quote
Hmmm.....do the bonuses count towards your pension?

I would go with the promo.....but thats me.


Pension is non contrib and salary only - not including bonus....


So, the greater salary would be better for your pension which has to be taken into account.

Plus given the line of buisness your in, and the financial situation the world is moving into.....your Bonus might not be as big in 12 months time....or less.

Trouble is these days, you hear of too many pension companies collapsing, and not paying out anything...

That money could be spent on other projects which could make more money, or just take the extra money and save it away someware.

Who said anything about a pension company, I suspect its a company scheme with good contributions from the employer.........which are reasonably well policed these days.


Spot on - non contrib pension scheme with 4% of base salary a month....can remember who dels with it either Scottish Widows or Equitable....

Anyways.....Cant remember Mr DTM giving wrong advice on here....and seeing as it matches SWMBOS....looks like my hat is going in the ring  :y
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HolyCount

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Re: Dilemma - Whats important - Net Pay or Job Title
« Reply #27 on: 26 March 2008, 21:25:44 »

Whichever way you go m8, very best of luck with it. Bottom line is that the Co. you work for think highly of you -- which has got to count for a lot  :y
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Marks DTM Calib

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Re: Dilemma - Whats important - Net Pay or Job Title
« Reply #28 on: 26 March 2008, 21:27:15 »

Yup, always remember that a bonus is an un-reliable income and give that we will be seeing cut in spending generally...
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TheBoy

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Re: Dilemma - Whats important - Net Pay or Job Title
« Reply #29 on: 26 March 2008, 21:28:34 »

Quote
Quote
Quote
Quote
Quote
Quote
Hmmm.....do the bonuses count towards your pension?

I would go with the promo.....but thats me.


Pension is non contrib and salary only - not including bonus....


So, the greater salary would be better for your pension which has to be taken into account.

Plus given the line of buisness your in, and the financial situation the world is moving into.....your Bonus might not be as big in 12 months time....or less.

Trouble is these days, you hear of too many pension companies collapsing, and not paying out anything...

That money could be spent on other projects which could make more money, or just take the extra money and save it away someware.

Who said anything about a pension company, I suspect its a company scheme with good contributions from the employer.........which are reasonably well policed these days.


Spot on - non contrib pension scheme with 4% of base salary a month....can remember who dels with it either Scottish Widows or Equitable....

Anyways.....Cant remember Mr DTM giving wrong advice on here....and seeing as it matches SWMBOS....looks like my hat is going in the ring  :y
Hope it aint Equitable - they went tits up
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