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8:16 am October 29, 2011
| Buck Inspire
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Hi all,
During discussions about our day jobs, I see people mention working from home. Here's a twist. If you could do the same job you have now, but now you can work from home, what percentage pay cut would you take to have this option?
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9:22 pm October 29, 2011
| BeatingBroke
| | North Dakota, USA | |
| Member | posts 860 |
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If it had been offered 6 months ago, I would have taken up to about a 20% cut. As it turns out, I wouldn't keep the job now, if they offered me a raise… My how things change.
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9:30 pm October 29, 2011
| Sustainable PF
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Right now i'd take a 50% salary cut. Being a new Dad, and knowing I can do online work for income (blog, representing others for advertising etc) we'd be more than comfortable, even though I have the higher salary, I have the web stuff and the ability to consult (10 yrs intimate knowledge of the govt employer business).
That being said, the benefits, pension and good pay are awfully hard to give up.
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9:59 am October 30, 2011
| krantcents
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This is a trick question because many of our jobs can not work from home. We would have to change which would not be all that bad, but it is different. Add the change in income, what are you willing to give up?
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10:00 am October 30, 2011
| Buck Inspire
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BeatingBroke said:
If it had been offered 6 months ago, I would have taken up to about a 20% cut. As it turns out, I wouldn't keep the job now, if they offered me a raise… My how things change.
I hear you. Life is strange that way. I read about your situation. Sounds like you're better off without them. Good Luck!
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10:03 am October 30, 2011
| Buck Inspire
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Sustainable PF said:
Right now i'd take a 50% salary cut. Being a new Dad, and knowing I can do online work for income (blog, representing others for advertising etc) we'd be more than comfortable, even though I have the higher salary, I have the web stuff and the ability to consult (10 yrs intimate knowledge of the govt employer business).
That being said, the benefits, pension and good pay are awfully hard to give up.
You are in a good spot with your blog and consulting possibilites. Good lesson to all to give yourself as many options as possible.
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10:08 am October 30, 2011
| Buck Inspire
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krantcents said:
This is a trick question because many of our jobs can not work from home. We would have to change which would not be all that bad, but it is different. Add the change in income, what are you willing to give up?
Yes it is a trick question. My purpose was to make myself and others focus and try to put a value on the "work at home" perk. A few weeks ago, we had a discussion, how much would it take for you to change jobs? Some people were realistic while others went very high. A commenter asked, "Do you really want to leave your job?" If your pay raise or cut is realistic, if you really wanted to change jobs or get the work at home perk, I'm sure you could make plans to get there.
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10:56 am October 30, 2011
| Kay Lynn Akers
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| Member | posts 904 |
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I don't think I would want to give up any of my income to work at home. It's saving the company money; no need to provide me a workspace and the utilities and care to maintain it.
How much would I give up to work for myself is an entirely different question and I would think 50%. Not in a position to do so now but in a few years.
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11:28 am October 30, 2011
| Miss T @ Prairie Eco-Thrifter
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I would take 10-15% because I would lose my pension and benefits. I would need to make that up somehow. If I could keep those, then 30-40% would work just fine.
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11:40 am October 30, 2011
| PK @ DQYDJ
| | The Intersection of Politics, Economics and Personal Finance. | |
| Moderator
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Something like 5% to factor in the loss of the commute. I do enjoy the social aspects of actually being at work, although my carrer makes it ridiculously easy to work from hom (and I do it a fair amount).
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6:37 pm October 30, 2011
| JT_McGee
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I worked at home for years, then paid for an office. I really see it as "the grass is greener on the other side" thing where you appreciate one or the other more/less based on your current situation. I think working at home is cool, but it definitely gets old.
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4:26 pm October 31, 2011
| Shannyn @FrugalBeautiful.com
| | Chicago, IL | |
| Member | posts 261 |
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I don't think it'd be fair to take a cut with all the great technology we have now, I do most of my business calls and meetings virtually with Skype. IN FACT, I'd say the work-at-home option is equal to a promotion not necessarily something you'd negotiate a cut for, especially if it'd save me and my bosses overhead for rental space, parking fees (sometimes employers have to supplement those in the city) and other expenses.
I think I work better from home so it'd be an asset to my employers, especially if I had children so I could still somehow manage sick kiddos or heck, even a sick *me* while getting *some* work done.
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2:54 am November 1, 2011
| MoneyforCollegeProject
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I also think I would be willing to take at least a 25% pay cut.
I could cut out on the huge expense of transportation. I travel a lot, so I would not have to spend the money on gas, and we could also feasibly drop down to one vehicle. This would more than make up for my 25% reduction in salary.
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7:14 am November 1, 2011
| Hunter @financiallyc
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| Member | posts 707 |
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I believe we are more productive working from home, at least that's what I have read. Why not convince your employer that you are saving them money by not having to provide a workspace, and being more productive by working from home. Surely this is worth a pay increase.
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2:40 pm November 1, 2011
| Dominique Brown
| | Washington, DC | |
| Member | posts 510 |
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I would take 10% pay cut. I've been fortunate enough to work home for 3 months now. I love it.
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11:13 am November 4, 2011
| slug
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I currently work from home. Whenever headhunters call to lure me back into a corporate office, the minimum I will consider is +$20k to my base salary. I love being able to meet my son at the bus stop, work in whatever clothes I want, and drive my truck about 10 miles/week. Ridiculously good life.
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11:51 am November 4, 2011
| krantcents
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Buck Inspire said:
krantcents said:
This is a trick question because many of our jobs can not work from home. We would have to change which would not be all that bad, but it is different. Add the change in income, what are you willing to give up?
Yes it is a trick question. My purpose was to make myself and others focus and try to put a value on the "work at home" perk. A few weeks ago, we had a discussion, how much would it take for you to change jobs? Some people were realistic while others went very high. A commenter asked, "Do you really want to leave your job?" If your pay raise or cut is realistic, if you really wanted to change jobs or get the work at home perk, I'm sure you could make plans to get there.
As a teacher, I can not work from home. Working from home is attractive under certain circumstances. If I earned sufficient earnings online, I would consider it after I retire. I can't now becuase of the pension and benefits, it is too seet a deal to give up.
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12:09 pm November 4, 2011
| 20s Finances
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I have to agree with JT that the grass always seems greener on the other side. I personally think working from home would be a great thing, but I wouldn't take more of a 5% cut. My commute isn't that bad and there are very nice things about working in an office. I have a friend who is a freelancer who works primarily out of his home office and he desperately wants to work somewhere else. I'm afraid it would get old. If my online business takes off, I may try it out though. :) who knows…
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10:00 am November 5, 2011
| everydaytips
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| Member | posts 455 |
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I would only take a pay cut if I was saving a lot on commuting costs.
I have worked at home for many years and love it. However there is no justification to give you a pay cut to work at home as the company saves on overhead if they can, reduce the amount of office space they need.
Once the pay is gone, it is hard to get it back….
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