Posted by Tim Stobbs on November 6, 2008
Well after yesterday, I have to say that was a fun game to play. I haven’t even thought of some of those answers and by the way my wife and I laughed very hard at the Personal Finance for Toddlers book comment. Mmm, perhaps that’s a business idea. I’ll finish my first book idea and then write a children’s book.
Now onto the news. I’m getting a new job. I signed the formal offer yesterday. Yes, I’m following my own advice about finding a better ship to jump to. I’m leaving consulting industry and going to work for a crown corporation. Basically in terms of a stable employer you can’t get any better. I’m aware in some regards I’m trading one set of problems for another. I’m moving for variable work loads to dealing with political interference on how the company is run.
So the obvious question on the personal finance blog is: so what’s the raise? The base raise is 6%, hardly anything to get too excited over. The real prize on this new job is the benefits. I’m getting way more time off and way more money contributed to my pension from the company. In total the benefits are approximately an increase of at least 14% in pay. So in grand total I’m jumping ships for an increase of over 20% in pay and benefits.
So that is why I was so excited I wanted to jump out of my skin. You see when I moved down to Regina from my last job I took a pay cut of over $20,000/yr to be closer to family. It was a choice I made and accepted. I also expected it would take me about ten years to recover that lose of income. Now 2.5 years later with this new job I’ve manged to bridge that gap (granted I’m more heavy on the benefits rather than salary this time, but when they give you seven weeks of time off each year it’s an exchange I’m willing to take).