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 Money Eating Baggage Owner
Posts: 9586
   
Location: Phoenix | Hypothetical question: would you take a LATERAL move for $3000 more per year?
Job A: $37000, some Level 2 opportunities up and coming but timeline could be 6 mos - 2 years, depends on growth and when people get promoted/retire. Seems like something should be happening sooner rather than later though.
Job B: $40000 to start, after 1-3 years you can advance to Sr. level based on numbers and scores but once there, you're there for a while. It's a long term position with MAYBE some advancement down the road but again, depends on growth and if anyone leaves.
Both jobs I could handle task-wise and are probably very similar but it's like do I stay at $37k for a year or two and wait for the next spot to open? Level 2 spots would pay $43-45k. Or do jump over making $40k and get a pay bump once I make senior but then stay there a long time and still be a level 1? I was sitting on the other side of the fence ready to go but then my big boss spoke with me and expressed he's had bigger plans for me and thinks there's more opportunity here and to be patient. Now I'm straddling the fence.
I am easily talked out of things. What if the culture over there sucks? Commute would be about the same but to a better neighborhood. $3000 is about $250 a month which is a nice increase considering my monthly income but I also bring that in delivering pizzas.....I do like this company and want to stay with them. The benefits and time off do make up for lower salary. For an administrative position it's not bad though IMO.
Thoughts? I'm shadowing someone tomorrow to help with the decision. Bahhhhhh couldn't my parents just arrange for me to take over the family business? LOL (we don't have a family business). |
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Meanest Teacher!!!
Posts: 8555
Location: sunny california | If your boss likes you and has plans for you. stay with him/her. unless the higher ups do not like your boss LOL. Hubby had plans for his assistant and told him to be patient and now he is losing him cause they like the way hubby trains managers! He is so proud his guy beat everyone out for manager of a new store. His bosses want him to keep growing managers! get under someone like that even if they are a pain cause they can take you places.
ps the loyalty you show your boss looks good.
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 Extreme Veteran
Posts: 460
| Go with your gut =] Sounds like it would be in your best interest to stay at the place you are with already. As said above, staying loyal to an employer looks very good on a resume. And 3k a year, really doesn't make much difference on a check. But it's really wherever you think you have the best opportunity to move up and advance =] Good luck!! Keep us posted =] |
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Money Eating Baggage Owner
Posts: 9586
Location: Phoenix | So I shadowed today and it was anything revolutionary. Seems like the department may have a little more fun but they also deal with a lot more emails, calls and customer interaction. At this point I'm just kind of "meh" about it. |
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 Porta Potty Pants
Posts: 2600
| Does the salary increase put you in a new tax bracket? If so, you may end up with less take home pay .. something to ponder. I know of a guy who took a new position for higher hourly rate and ended up making less money because it put him in a higher tax bracket. |
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 I'm Really Boring
Posts: 4505
| azsun - 2017-06-09 7:20 PM Does the salary increase put you in a new tax bracket? If so, you may end up with less take home pay .. something to ponder. I know of a guy who took a new position for higher hourly rate and ended up making less money because it put him in a higher tax bracket.
That's not possible. The tax rate is marginal. The higher rate only applies to the income that falls into that higher bracket. Any income that you previously earned in a lower tax bracket is still taxed at the lower bracket rate. |
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 To the Left
Posts: 1865
Location: Florida | Go for job B. Never wait years for something that may not happen, make your own luck. |
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Porta Potty Pants
Posts: 2600
| Perhaps for the first year ... but subsequent years can make a difference. I know a guy who had this happen; even with a "marginal" increase in pay. Put him into the next tax bracket. |
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I'm Really Boring
Posts: 4505
| azsun - 2017-06-10 1:24 PM Perhaps for the first year ... but subsequent years can make a difference. I know a guy who had this happen; even with a "marginal" increase in pay. Put him into the next tax bracket.
That's not how the tax system works...
Say tax bracket #1 is $50,000 and under and is taxed at 10%. Next tax bracket is $75,000 and under and is taxed at 15%. If you are currently earning $45,000, all of it is taxed at 10%. If you get a raise and now make $60,000, the first $50,000 is taxed at 10% and only the $10,000 (amount in excess of $50,000) would be taxed at the higher, 15% rate.
I don't want to start an argument, I just want to clear up this misconception because it seems to be pretty common.
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