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I think it will vary widely, depending on the company, position, and available talent.
In my conversations with recruiters and companies, I could end up taking a pay cut that ranges anywhere from -10% to -40% of what I made in NY/NJ. I knew that coming here would mean a lower salary, but 40% is pretty steep. What is most frustrating to me is that whenever the salary discussion comes up, the very first words out of the employer/recruiter's mouth is "well, ya' know... the cost of living here is much lower". Perhaps, but not by 40%!
I too am curious about IBM layoffs. The on-line job boards are full of open positions for consultants.
what is happening with IBM? are the jobs being offshored to India? be interesting to understand the impact on house prices if 1000's of white collar jobs disappear.
This broke the news a few days back I think. Basically IBM is going to axe 100,000-150,000 jobs this year, mostly in the USA, and mostly in their Global Services division (IGS).
My company offers a 20% pay difference in pay scale. However, if you're not part of the dept thats relocating the numbers could be higher. This is why I started seeking out other firms for job offers. I still have a NY car note and other bills. I won't take less $10,000 of what I'm making in NY. I don't care about the cost of living. If you know your value--do not deflate yourself too much. There are companies willing to pay for your expertise. It will take more time, but plan accordingly.
I took about a 5% cut in pay and benefits were not as good. I found that the savings in NC were nothing but smoke and mirrors too. All of the taxes we thought we would be saving really did not amount to much and the higher cost of everything else around here adds up.
I took about a 5% cut in pay and benefits were not as good. I found that the savings in NC were nothing but smoke and mirrors too. All of the taxes we thought we would be saving really did not amount to much and the higher cost of everything else around here adds up.
I found that the savings in NC were nothing but smoke and mirrors too. All of the taxes we thought we would be saving really did not amount to much and the higher cost of everything else around here adds up.
Just curious what savings were revealed to be "smoke and mirrors"? Also, what do you mean by "higher cost of everything else"? I understand things like groceries and clothing still cost about the same. But your post is the first one in which someone claimed that things may actually cost more. And where did you relocate from?
I found that the savings in NC were nothing but smoke and mirrors too. All of the taxes we thought we would be saving really did not amount to much and the higher cost of everything else around here adds up.
Really??? We moved from Northern VA. So sales tax and state income tax are higher in NC - no savings there.
But we save on pretty much everything else. If we bought the same age, size, style home in NC that we had in Northern VA, it might be $150k here. So the savings on housing costs are HUGE. Even groceries (which everyone else says are the same or higher in NC) we find cheaper in NC. Insurance is much cheaper. Car service is marginally cheaper. TV/Internet is cheaper. Going out to dinner is certainly cheaper. Clothing is about the same. So for us, almost everything except sales and income tax are cheaper in NC.
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