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I have the opportunity to leave my job for the exact same position with a different employer, but a 4 day work week. The pay would be less, about $6000 less. My question is would you take a paycut for the opportunity for a 4 day schedule?
I have the opportunity to leave my job for the exact same position with a different employer, but a 4 day work week. The pay would be less, about $6000 less. My question is would you take a paycut for the opportunity for a 4 day schedule?
Hell No-lol You are willing to make $6000 less to work 4 days a week??? Sounds Foolish to me
I think this also represents how much you value your time. Reducing to a 4-day work week, you gain a extra 50 days or so per year. You state you would lose $6000 or about $115 for the fifth day of work. The question is would you gain more than $6,000 per year by having an extra day off? Would you see a substantial difference in net pay by a $6,000 pay deduction?
For me, I can see using the extra time to gain additional training or certifications. It could provide time for freelance work that earns more than the hourly rate of the job to recoup the $6,000 reduction in salary.
I think this also represents how much you value your time. Reducing to a 4-day work week, you gain a extra 50 days or so per year. You state you would lose $6000 or about $115 for the fifth day of work. The question is would you gain more than $6,000 per year by having an extra day off? Would you see a substantial difference in net pay by a $6,000 pay deduction?
For me, I can see using the extra time to gain additional training or certifications. It could provide time for freelance work that earns more than the hourly rate of the job to recoup the $6,000 reduction in salary.
It actually would be a short term pay cut. Present company salary raises about 2500 yearly, whereas possible company grows about 6000 per year, but it would be a cut for about 5 years till the salries even out. I have a part time job that loves me and would love to get me to work another day, if need be. It would defeat the purpose of the 4 day work week, but if I did it short term it would make up the difference in salary until they even out. I don't think people really understand how much you could do with an extra day off.
Possible job = 4, 8.75 hour days (35 hoour work week)
The money is really the same, my present job just works 5 hours more per week, so naturally the pay is more. One big issue also is present job offering retirement (pension) in 20 years and possible job only offering it in 30, but present job you pay into pension for full 20 years (at a higher rate than possible job), whereas possible job you only pay into it for your first ten 10 years. I am currently age 25.
OK, this is somewhat flawed, but you can skew it as needed.
Working 8-hrs per day for a 5-day work week amounts to approximately 260 work days per year.
Make that 244 if you have 2-weeks vacation.
Divide the work days (244) by $6000. That gives you a value of an additional $25 per day.
So, how important is that $25 per day to you? Versus the extra day off that is and minus taxes and destination charges, of course.
We don't know the job or the industry but, these days, the expectation of staying with a company for 20+ years is fast becoming a mythical objective.
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