Currently I work for a Fortune 500 company. I make about 32K a year and work Monday through Friday.
I just received a job offer from a different company (also Fortune 500) making 33K a year.
The pros: The health benefits and bonus potential at the new company far outweigh that of my current company and I'd save $200 a paycheck on healthcare versus what I'm paying now. Plus I'd be paying for 3 days of daycare week instead of five, so I'd save over $500 a month...
The downfalls to taking this new job: the hours (I'd work every Saturday 7:30 - 4 and three days during the week 9:30-8), virtually no time off within the first year, no paid holidays.
I have 5.5 years of tenure with my current company (that's a big deal in the customer service industry) and I'm well-respected in my department. This new job would mean walking away from all of that.
The pay would be much better (not to mention the daycare savings!) if I took the new job, but I can't help but think that I will miss every single one of my son's T-ball games and practices and this is his first season....no more Saturday BBQs with friends and family (we're the pool party house)...I'd eventually be able to post out and try for a different shift, but not for a year after my hire date (July 26th).
I'm trying to weigh the pros and cons, but I want a neutral opinion. Part of me thinks that I'm afraid of change and that's why I'm afraid of this new job.
Re: WWYD? Regarding a job offer.
I'm usually a big proponent of making changes to advance your career, but I wouldn't do it for $1000 more per year and no vacation or perks. If it were 5-10% more then it might be worth it.
Also, you can't replace the time with your family....I say stick it out where you are at. Didn't you post a few weeks ago about hoping to get a different job at your current company? Is that still a possibility?
What does your DH think?
Hope you work it out.
Exactamundo.
I agree 100%.
{Ava 5.16.06} {Ella 12.29.07} {Drew 2.9.10}
The savings in health care and day care would be a big raise. you said you'd be 3 days per week and Saturdays, right? So, then you'd still have two days per week and Sundays with the fam. Is your sons t-ball league only on Saturdays?
I would talk it over with H and see what he says. Is he okay with taking care of both kids on Saturdays?
There is vacation, just not for the first year. And I'd be saving almost $1000 a month in daycare and insurance costs alone. (That 33K also doesn't include the shift dif I'll get for working Saturdays.) So, if you include the savings in daycare and health insurance, thats $11200 a year saved. I just calculated my shift diferential...it'll bump my salary up to 34700 a year.
In extra wages and money saved that's 13K a year....does that change any one's opinion?
I could still post in my company, but the health benefits are so expensive...
He's perfectly fine with having both kids. We're going to talk it over tonight, I have to give her an answer by tomorrow.
His t-ball games are all Saturday mornings. I misunderstood what she said about holidays: I would have them off work, they just wouldn't be paid...so I wouldn't miss Christmas, etc.
My daycare charges by the day, not the week. I pay $31/day for my son and $36/day for my daughter, so I'm positive I would save that much. You're right, I knew I did the math wrong: $2400 + $2000 (including shift dif) + $6000 for daycare = 10400 extra a year.
I think if you're in dire need of the extra money, then take the new job.
But if making what you make now is sufficient, I wouldn't leave. My DH works every Saturday and it makes it really hard to plan get togethers with friends, vacations, and just do normal household activities...
Since you've been at your current company for so long, there is prob a good chance of getting promotions or hired for a new position soon.
It's a tough decision - I hope whatever you decide works out for you!
I'm glad, it sounds like you can really save a lot. Think of it this way, you're adding a day with both your kids. I don't know about there, but T-ball isn't all year here. And hopefully you can get someone to tape a game or two for you.
Proud Mama to Mickey (12.03.09) and Nemo (06.06.13)
Based on the money you figured out with healthcare and daycare, I would say go for it. Even working Saturdays, you will be out early enough you can do late afternoon BBQs, etc....and those three nights you work late could be DH special time with the kids (bath time w/ Daddy vs Mommy).
Sleep on it...think about it as you are going to bed and when you wake up perhaps everything will be crystal clear.
Good luck and keep us posted!!
Yes. But, there's the option to post out into another department...but there's still the insane cost of healthcare.
I'm going to talk to DH tonight - I'm sure he has some concerns that I haven't thought of. I'll sleep on it and I'll let you ladies know tomorrow, thank you for your input!
The money part is great. Is this a lateral move as far as positions go, or is this moving up so to speak? the Saturday thing would bother me also, but the only working 4 days a week would be great.
If it is a move up I would take it. A year isn't really that long. Do you know how much in pay you will be losing as far as holiday pay goes? Also if you had plans for a summer vacation are you still able to do that?
I have NONE of this. So the extra money would help us contribute to all of that.
It's a lateral move, but I'm working on my Business Management degree so I plan to post "up" after I obtain it. We never do a summer vacation because my DH works on comission and it's SUPER slow in the summer.
Unless the extra $400 per month, plus the daycare savings (I'm not even including the extra 1k per year, it would be so minute per paycheck) would really really help you out I wouldn't do it.
$900 (less taxes) per month is a lot of money. Even $400 is nothing to scoff at. It could go to college or retirement savings, vacation savings, etc. But giving up every Saturday is a tough pill to swallow.
Are you having any more issues with that new manager? That would play a role in my decision as well. Could you try to negotiate a higher increase to make it more worthwhile? Or maybe you could use this job offer to better your current position.