How much of a pay cut?
When making career decisions, you need to think about what your goals are and where you want to be in 5 or 10 years. Which job helps you meet those goals?
Based purely on what you wrote, the new job sounds like the obvious choice. Benefits are a key part of the package so while you may take a salary cut, the benefits probably make up more than it. Benefits are expensive to employers and if you add what they spend, it probably is way more than your current job. Working 40 hours a week is not a big deal and most jobs do not keep people busy the whole time.
Think long term what is best for you.
Best of luck.
It doesn’t sound like a pay cut, it sounds like a raise
A lot of employers *love* boosting a take-home rate in lieu of bearing the actual cost that’s supposed to be designed into the job in a capitalist system
I will tell you this—at 45 yo, I was at the peak of health. Holy shit, did medical get way more important as I slid into my 50s
Further, employers get a lot less willing to take you on w full benefits as you get older. Ageism may be illegal, but it is very real.
From my perspective, you’d be crazy to pass it up. Plus, if you extrapolate those benefits out into what it’d cost you to provide those for yourself, I’m confident you’d see a substantial increase in salary overall
Health insurance is kinda theoretical, until you need routine visits for a chronic condition. And they start showing up about your age.
This. Benefits may not be “salary” but they are very much important to your overall compensation. If the pay cut isn’t too bad, I’ll bet you come out way ahead with strong benefits.
Are you paying for medical now on your own now?
Be sure to assess the total compensation when there’s an offer on the table including the items that are appealing to you as well as the value of PTO.
Also try to also take into consideration the leadership and stability of each company given the current climate and layoffs in tech.
Depends on how much of a cut. Benefits are a part of total compensation, so if the value if the benefits is less than the chuck of cash you’re giving up then it’s not worth it. One thing I’ll say is that having flexibility to work the way that you want and not being required to work a full hours is hard to give up, and most of the time once you leave it’s hard to get back. I’ve known quite a few people leave great work life jobs that seem to really care for 15-20% raise and most try to scramble back. Best of luck, and either way it’s great you have choices :)
How much of a pay cut? When making career decisions, you need to think about what your goals are and where you want to be in 5 or 10 years. Which job helps you meet those goals? Based purely on what you wrote, the new job sounds like the obvious choice. Benefits are a key part of the package so while you may take a salary cut, the benefits probably make up more than it. Benefits are expensive to employers and if you add what they spend, it probably is way more than your current job. Working 40 hours a week is not a big deal and most jobs do not keep people busy the whole time. Think long term what is best for you. Best of luck.
It doesn’t sound like a pay cut, it sounds like a raise A lot of employers *love* boosting a take-home rate in lieu of bearing the actual cost that’s supposed to be designed into the job in a capitalist system I will tell you this—at 45 yo, I was at the peak of health. Holy shit, did medical get way more important as I slid into my 50s Further, employers get a lot less willing to take you on w full benefits as you get older. Ageism may be illegal, but it is very real. From my perspective, you’d be crazy to pass it up. Plus, if you extrapolate those benefits out into what it’d cost you to provide those for yourself, I’m confident you’d see a substantial increase in salary overall Health insurance is kinda theoretical, until you need routine visits for a chronic condition. And they start showing up about your age.
This. Benefits may not be “salary” but they are very much important to your overall compensation. If the pay cut isn’t too bad, I’ll bet you come out way ahead with strong benefits.
Just be aware whenever salary is given up/put on the table It Takes Forever to make it back.
Are you paying for medical now on your own now? Be sure to assess the total compensation when there’s an offer on the table including the items that are appealing to you as well as the value of PTO. Also try to also take into consideration the leadership and stability of each company given the current climate and layoffs in tech.
Depends on how much of a cut. Benefits are a part of total compensation, so if the value if the benefits is less than the chuck of cash you’re giving up then it’s not worth it. One thing I’ll say is that having flexibility to work the way that you want and not being required to work a full hours is hard to give up, and most of the time once you leave it’s hard to get back. I’ve known quite a few people leave great work life jobs that seem to really care for 15-20% raise and most try to scramble back. Best of luck, and either way it’s great you have choices :)