:confused: How much of a pay cut is "acceptable"
#1
Sempai
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Joined: Sep 2008
Location: Mississauga,ON
Posts: 223
:confused: How much of a pay cut is "acceptable"
Let us assume for a moment we are talking about Harry.
Harry is fairly happy and Harry earns around 85000 Pounds in the United Kingdom.
But for private reasons Harry really wants to be in Canada to be closer to his partner Sally. Now sally says, Harry, do not move unless you are happy with your life and your choice I cana lso come to you.
Harry has this job offered in the GTA at around 120K (Canadian) with around 11% company proift share (so all in all around 132K) and he is not sure whether that is a good paycut to take.
What would you tell Harry and please do not be sarcastic about the amount of money or anything. Even though packaged a little funny, this is a very serious question.
Thank you
Harry is fairly happy and Harry earns around 85000 Pounds in the United Kingdom.
But for private reasons Harry really wants to be in Canada to be closer to his partner Sally. Now sally says, Harry, do not move unless you are happy with your life and your choice I cana lso come to you.
Harry has this job offered in the GTA at around 120K (Canadian) with around 11% company proift share (so all in all around 132K) and he is not sure whether that is a good paycut to take.
What would you tell Harry and please do not be sarcastic about the amount of money or anything. Even though packaged a little funny, this is a very serious question.
Thank you
#2
Re: :confused: How much of a pay cut is "acceptable"
The pay cut's irrelevant, isn't the lifestyle that can be afforded a better way to look at it?
Or isn't more time with Sally worth it's weight in gold?
Or isn't more time with Sally worth it's weight in gold?
#3
Re: :confused: How much of a pay cut is "acceptable"
It aint about the money....
You go where you will be happy. The amount of money (once past subsistence level, which this clearly is) is totally immaterial.
You go where you will be happy. The amount of money (once past subsistence level, which this clearly is) is totally immaterial.
#4
Sempai
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Joined: Sep 2008
Location: Mississauga,ON
Posts: 223
Re: :confused: How much of a pay cut is "acceptable"
That is a very romantic point of view but Harry does have a lifestyle he wants to half-ways keep. I guess Harry's question is whether this is simply a fact of life and it is an acceptable valuation from an canadian employer.
#5
Sempai
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Location: Mississauga,ON
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Re: :confused: How much of a pay cut is "acceptable"
Is loosing around 50K (In Canadian dollars) going to impact massively on savings...
Harry does not have a mortage and Harry does not own a car (but would love to in Canada). Harry likes very expensive chocolate, expensive wine and loves to go to the opera and theater.
#6
Re: :confused: How much of a pay cut is "acceptable"
Hi
If Harry follows his heart he will go not matter about the money!
If he follows his greed he will stay
If he is truthful to himself he will move for a new lifestyle, happiness etc if that is what he wants.
If Harry lacks courage he will never decide and will always regret it!
Finally think of Meatloaf
Whats it gonna be boy Yes or No
Let me sleep on it babe babe
Let me sleep on it babe babe
Let me sleep on it babe babe
I'll give you answer in the morning
If Harry follows his heart he will go not matter about the money!
If he follows his greed he will stay
If he is truthful to himself he will move for a new lifestyle, happiness etc if that is what he wants.
If Harry lacks courage he will never decide and will always regret it!
Finally think of Meatloaf
Whats it gonna be boy Yes or No
Let me sleep on it babe babe
Let me sleep on it babe babe
Let me sleep on it babe babe
I'll give you answer in the morning
#7
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Joined: Feb 2005
Location: Toronto. ON
Posts: 919
Re: :confused: How much of a pay cut is "acceptable"
Sounds to me that Harry would be happier staying in the Uk and enjoying his amazing life there?
Very true, I guess that is one of the things Harry would love to know as well.
Is loosing around 50K (In Canadian dollars) going to impact massively on savings...
Harry does not have a mortage and Harry does not own a car (but would love to in Canada). Harry likes very expensive chocolate, expensive wine and loves to go to the opera and theater.
Is loosing around 50K (In Canadian dollars) going to impact massively on savings...
Harry does not have a mortage and Harry does not own a car (but would love to in Canada). Harry likes very expensive chocolate, expensive wine and loves to go to the opera and theater.
#8
Banned
Joined: Oct 2005
Location: Calgary, South by Java Head
Posts: 504
Re: :confused: How much of a pay cut is "acceptable"
why does Harry spell theater not theatre ?
does Sally do that thing in the cafe in public
i used to live in Morden, well closer to Wimbledon actually , intersection of tram line and Kington Rd - near the pub - White Hart ?
stick to London mate - reading between the lines
#9
Re: :confused: How much of a pay cut is "acceptable"
However, from a career perspective, moving to Canada is never going to work, there will always be a pay cut and, if things don't work out with the employer in Canada there's much less choice of jobs here. From a career perspective, the only place that might be up from Europe for a computer professional is the US. Still, career isn't everything and being VP of a Canadian software company can keep one in expensive hobbies. That depends on the hobbies though, yachts, horses, former spouses yes, opera and theatre, not so much.
That money could buy a nice life on Canadian terms, perhaps even with a box at the Ice Dogs, but it can't buy the same things as 85,000 quid does in Europe. You need to be a big more of a Philistine.
#11
Re: :confused: How much of a pay cut is "acceptable"
Hi
If Harry follows his heart he will go not matter about the money!
If he follows his greed he will stay
If he is truthful to himself he will move for a new lifestyle, happiness etc if that is what he wants.
If Harry lacks courage he will never decide and will always regret it!
Finally think of Meatloaf
Whats it gonna be boy Yes or No
Let me sleep on it babe babe
Let me sleep on it babe babe
Let me sleep on it babe babe
I'll give you answer in the morning
If Harry follows his heart he will go not matter about the money!
If he follows his greed he will stay
If he is truthful to himself he will move for a new lifestyle, happiness etc if that is what he wants.
If Harry lacks courage he will never decide and will always regret it!
Finally think of Meatloaf
Whats it gonna be boy Yes or No
Let me sleep on it babe babe
Let me sleep on it babe babe
Let me sleep on it babe babe
I'll give you answer in the morning
#12
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Joined: Jan 2008
Location: West Lothian
Posts: 685
Re: :confused: How much of a pay cut is "acceptable"
Very true, I guess that is one of the things Harry would love to know as well.
Is loosing around 50K (In Canadian dollars) going to impact massively on savings...
Harry does not have a mortage and Harry does not own a car (but would love to in Canada). Harry likes very expensive chocolate, expensive wine and loves to go to the opera and theater.
Is loosing around 50K (In Canadian dollars) going to impact massively on savings...
Harry does not have a mortage and Harry does not own a car (but would love to in Canada). Harry likes very expensive chocolate, expensive wine and loves to go to the opera and theater.
#14
Re: :confused: How much of a pay cut is "acceptable"
What would the implications for Sally's career be, were she to move? Is that something she would be likely to resent in the long term?
#15
Sempai
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Joined: Sep 2008
Location: Mississauga,ON
Posts: 223
Re: :confused: How much of a pay cut is "acceptable"
I would guess you are all raising a very good point, it seems 120K (well 132K) is enough money live easily in the GTA (taking into account that Sally would bring home around 70K as well).
Harry just needs to hear some more encouraging words