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re: Would you change jobs for $24K more per year?

Posted on 8/17/21 at 10:01 pm to
Posted by saderade
America's City
Member since Jul 2005
26017 posts
Posted on 8/17/21 at 10:01 pm to
quote:

68 to 92
I would make the move for this increase.
Posted by wareaglepete
Lumon Industries
Member since Dec 2012
14554 posts
Posted on 8/17/21 at 10:02 pm to
I would, but that’s me and my current job. If you’re cool and valued where I am, they will take you back, even if it’s only been 6 mos to a year. Seen it numerous times. They would rather go with a sure thing than an unknown.
Posted by SuperSaint
Sorting Out OT BS Since '2007'
Member since Sep 2007
145170 posts
Posted on 8/17/21 at 10:03 pm to
If you’re making $30k now and will be making $54k, we’ll that’s a no brained


If you’re making $130k now and will be making $154k… maybe look at other factors at play before jumping ship
Posted by LSU6262
Member since Jun 2008
7889 posts
Posted on 8/17/21 at 10:04 pm to
quote:

68 to 92


Yes. Retire a couple years earlier
Posted by prostyleoffensetime
Mississippi
Member since Aug 2009
11997 posts
Posted on 8/17/21 at 10:07 pm to
If I were in a spot where I loved my job, I’d use it as leverage and see what I could get out of the current situation. Caveat to that is there’s going to be a more critical eye on you until you prove you’re actually worth it. So can you handle that pressure?

If you don’t want to deal with that, it’s pretty simple decision. Take the money.
Posted by dgnx6
Member since Feb 2006
80364 posts
Posted on 8/17/21 at 10:11 pm to
quote:

68 to 92


Depends on your filing status. Single you are looking at 2% increase in taxable income. And im guessing you can just stay living where you are.

Married would depend on how much your spouse makes currently and if your extra income would move yall up a tax bracket.

For example, if your wife made less than $12k a year, your extra income would give you a 10% increase in taxable income.

If she makes between 12k-79k your taxable income wont change.

I would do it.

quote:


12%

$19,751 to $80,250

22%

$80,251 to $171,050


24%

$171,051 to $326,600

This post was edited on 8/17/21 at 10:22 pm
Posted by yankeeundercover
Buffalo, NY
Member since Jan 2010
36419 posts
Posted on 8/17/21 at 10:22 pm to
Turning down a $24k increase would almost be criminal... If you're even contemplating it, you need to tell us what the frick you currently do to justify
Posted by UKWildcats
Lexington, KY
Member since Mar 2015
18167 posts
Posted on 8/18/21 at 12:33 am to
quote:

Depends on your mentality. Im fine making less to work less hours. I hate working weekends
This is me. I work to live, not live to work.
Posted by TheDeathValley
New Orleans, LA
Member since Sep 2010
19021 posts
Posted on 8/18/21 at 12:37 am to
Too much info missing. Change roles and stay in my current city? Yeah, 24k for a few extra hours a week is fine.

Not enough to relocate with the family though.
Posted by LSUfan4444
Member since Mar 2004
55728 posts
Posted on 8/18/21 at 5:48 am to
I get 6 weeks of PTO a year, most offers I have had have started with two weeks per year.

I always say the same thing..."I work to live, not live to work and I don't know exactly the value of a week of PTO I know, for me, it's a a minimum of $10k per week. This is where I am at now so anything less than $40k on top of that is not even negotiable".

This post was edited on 8/18/21 at 5:49 am
Posted by Forever
Member since Dec 2019
6281 posts
Posted on 8/18/21 at 6:09 am to
quote:

Like most of the people I work with now

This is hugely underrated. I was pretty much in the same position as you and I took the money and it was a disaster. Went from liking almost all of my coworkers and enjoying my job to hating everyone I worked with and working way more hours than they implied during the interview process. Enjoying your coworkers is a HUGE deal and it’s very rare in today’s society.

It would be hard for me to turn down a 68 to 92 raise but if you don’t care about money I’d really ask a lot of questions about their culture and your job expectations before you move.
Posted by DJNOS1978
Baton Rouge
Member since Dec 2013
783 posts
Posted on 8/18/21 at 6:09 am to
SHIIIIIIIIIIIIIIIIIIIIIII
Posted by LT
The City of St. George
Member since May 2008
5160 posts
Posted on 8/18/21 at 6:54 am to
quote:


68 to 92


Represents a fairly significant life change... do it.
Posted by Gorilla Ball
Member since Feb 2006
12444 posts
Posted on 8/18/21 at 6:58 am to
If you are currently making $50,000 then $24,000 is a big jump, if you are making $200,000 then a $24,000 bump isn’t that much.
Posted by southpawcock
Member since Oct 2015
16081 posts
Posted on 8/18/21 at 7:11 am to
Who cares if you like the current people you work with? They can come and go. For only being 3 miles apart why the hell wouldn't you take it? Only thing is how much longer are the hours - so how many more hours in a week total would you work? Money definitely isn't everything if it starts to mess with your work/life balance.
Posted by Mr Breeze
The Lunatic Fringe
Member since Dec 2010
6532 posts
Posted on 8/18/21 at 8:08 am to
quote:

68 to 92

Kudos to you for posting this data point.

If you were recruited you have more leverage but if simply applying to a job listing, you have competition. The later means you'll need to move fast.

Make a five year plan even if just a mental one for now, and the end point of that will help you decide.

Income / revenue is hard to acquire. But if your goal is simply to buy more stuff then stay where you are.

If on the other hand you'll invest half the new salary over a 30 year time horizon, make the move. The time value of money is something not to be overlooked.

Really want to stay where you are? Ask for half the new offer they'll probably match. Be aware that if I'm paying you more I'll need more out of you in return.

Sometimes you have to move out to move up and generally in my 45 year career I never turned down significant salary bumps. I gave the same advice to young engineers working for me and some left with no hard feelings on my side at all.

My advice would be to take the new job.

Good luck.

Posted by MorbidTheClown
Baton Rouge
Member since Jan 2015
71872 posts
Posted on 8/18/21 at 8:08 am to
i've switched for less
Posted by concrete_tiger
Member since May 2020
7297 posts
Posted on 8/18/21 at 8:11 am to
It depends. I took exactly $24k LESS a few years ago to escape misery. They ended up keeping me whole with a bonus, but that was a risk. I was significantly happier.

I have also seen where some companies won't adjust your pay unless you quit, so it may be your only avenue.

Good luck!
Posted by yellowfin
Coastal Bar
Member since May 2006
98458 posts
Posted on 8/18/21 at 8:21 am to
quote:


If it puts you at the bottom of the higher tax bracket. Then you may consider it a wash because you will be paying more in taxew.


Damn some of you are dumb
Posted by yellowfin
Coastal Bar
Member since May 2006
98458 posts
Posted on 8/18/21 at 8:25 am to
I’d be asking why one company is willing to pay me so much more to do the same thing
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