Changing Jobs?

nhclone

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Your current job pays very well (nearly 80k base salary), but you work 50+ hours most weeks with plenty up around 60, on call 24/7/365 which means you end up running to bad situations and spending 70-100 hours straight at a site. Company reorgs about every 2 years and you've been forced to move with little notice for the 2nd time just recently (been with the company 3.5 years). This relocation is to MN, but you'll be on the road about 50% of the time in the summer, working in northern ND.

Another job offer comes along. People are great, really hit it off with them during interviews. 40 hours per week almost every week according to a guy in the same position. Quarterly bonus paid for any overtime work that does come up. Working in a field which you had always planned to go into and doing work you enjoy, but chased the money right out of college. Here's the kicker, low 60s base salary. Company is including a nice relocation package to an area you would like to live in.

Do you make the switch? Essentially it's happiness and stability vs money.
 

SCNCY

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I guess it depends on what you feel is more important. Do you value the money more, or the time aware from work more?
 

cowgirl836

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how much is your quality of life worth to you? How difficult of a financial adjustment would it be to take a ~20% pay cut?


Can you negotiate the salary at all or get more vacation/sign-on bonus? What is the COL in the area you'd be moving to vs. where you are now? What is the potential for career advancement in the new field? Basically how long would it take you to get back to the same pay you get now? How do the new company's benefits compare? More or less for a better or worse health plan? How do the retirement plan options compare? Does one do a higher matching % than the other?
 

intrepid27

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Other things to consider?
Is there a cost of living difference?
How realistic is the opportunity to advance in either company?
 

wxman1

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While walking out after being laid off yesterday a co-worker mentioned that he was sorry for all the people that put in 50+ hours a week for several years and now we are all out of work. Some people don't mind that but it is certainly not for everyone and it usually gets pretty draining.

Personally as long as we are financially comfortable at the lower paying job I will take that to have more home and family time.
 

roundball

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Another thing to consider is how your tax situation will be impacted...after a promotion, my annual salary went from around $65k to $91k, but the difference in my take home pay was negligible because it put me into a higher income bracket and increased my tax liability. Definitely check that out.
 

BoxsterCy

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The job you have blows chunks. You have the chance to bail. It's not even close.

How is this even a question? Are we being trolled? :wideeyed:

Go!
 
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Mtowncyclone13

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As someone who has been looking for a new job for quite a while I say take the new one. Happiness is more important than money when you're in that range. If it was to 40k or something that would be different.

Take the new one.
 

DeereClone

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If you can afford the paycut (ie haven't pumped your lifestyle up to current pay) I would take the new job. Sounds like you are pretty burnt out with the other place and looking for something more stable and family friendly.

Good luck.
 

cowgirl836

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I mean, I think it sounds like a good switch but along with the tax thing roundball mentioned, I just wanted to point out some other things that could potentially make it not such a drastic swing financially.
 

Doc

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Aug 6, 2006
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Your current job pays very well (nearly 80k base salary), but you work 50+ hours most weeks with plenty up around 60, on call 24/7/365 which means you end up running to bad situations and spending 70-100 hours straight at a site. Company reorgs about every 2 years and you've been forced to move with little notice for the 2nd time just recently (been with the company 3.5 years). This relocation is to MN, but you'll be on the road about 50% of the time in the summer, working in northern ND.

Another job offer comes along. People are great, really hit it off with them during interviews. 40 hours per week almost every week according to a guy in the same position. Quarterly bonus paid for any overtime work that does come up. Working in a field which you had always planned to go into and doing work you enjoy, but chased the money right out of college. Here's the kicker, low 60s base salary. Company is including a nice relocation package to an area you would like to live in.

Do you make the switch? Essentially it's happiness and stability vs money.

The way you wrote that makes it seem like the decision is already made :smile:. I'd make the switch.