salary check!
#1
salary check!
Hi all
I'm not sure if this question can be answered but here goes anyway...
I am on 25k in the NE, UK. My wife and I (all things going to plan) will move to Saskatchewan in 2012. I will be speaking with my Canadian employer soon and one of the things I will be enquiring about will be my salary over in SK. I may be able to negotiate, but to do this, I need a benchmark. So my question is, what would be an equivalent $ to my £25K?
Thanks!
mrwilson
I'm not sure if this question can be answered but here goes anyway...
I am on 25k in the NE, UK. My wife and I (all things going to plan) will move to Saskatchewan in 2012. I will be speaking with my Canadian employer soon and one of the things I will be enquiring about will be my salary over in SK. I may be able to negotiate, but to do this, I need a benchmark. So my question is, what would be an equivalent $ to my £25K?
Thanks!
mrwilson
#3
Re: salary check!
Hi all
I'm not sure if this question can be answered but here goes anyway...
I am on 25k in the NE, UK. My wife and I (all things going to plan) will move to Saskatchewan in 2012. I will be speaking with my Canadian employer soon and one of the things I will be enquiring about will be my salary over in SK. I may be able to negotiate, but to do this, I need a benchmark. So my question is, what would be an equivalent $ to my £25K?
Thanks!
mrwilson
I'm not sure if this question can be answered but here goes anyway...
I am on 25k in the NE, UK. My wife and I (all things going to plan) will move to Saskatchewan in 2012. I will be speaking with my Canadian employer soon and one of the things I will be enquiring about will be my salary over in SK. I may be able to negotiate, but to do this, I need a benchmark. So my question is, what would be an equivalent $ to my £25K?
Thanks!
mrwilson
#4
Joined: Aug 2005
Posts: 14,227
Re: salary check!
Whatever the market rate for his job is, AX has it right with the amount he should expect if he is to maintain his current standard of living.
#5
Re: salary check!
Thats going to be a problem then
I am pretty sure they are going to offer $40k.
I am pretty sure they are going to offer $40k.
#6
Joined: Jul 2005
Posts: 15,883
Re: salary check!
1.7 times the original 25K UK Pounds is only $42.5K Canadian, a sizable difference.
#7
Joined: Aug 2005
Posts: 14,227
Re: salary check!
Edit: For instance my gut feeling is that before I had car about 1.75 would be my own 'personal exchange rate', with a car it's closer to 2.00.
Last edited by Alan2005; Feb 2nd 2010 at 5:44 pm.
#8
Joined: Jul 2005
Posts: 15,883
Re: salary check!
All I'm asking is this still a valid formula?
Of course it is all contingent on where in Canada you going to go, Saskatchewan is a hell of a lot cheaper than Vancouver or Toronto but not necessarily cheaper than Nova Scotia.
Sort of makes my own comments moot don't it?
I'll shut up now.
#9
Re: salary check!
However, moving to another country is an expensive proposition and in my mind, it's not worth taking a material drop in your standards of living to do this. It'd be better to aim for slightly higher salary than settling for less.
If the OP believes $40k is the salary he will be offered then now is the time to ask the 'whats the job' question to see whether the collective knowledge on BE can comment on whether $40k is reasonable or not for that job. If it is, the OP is at least an informed consumer, if not, then he can see that he is being treated unfairly by his prospective new employer.
#10
Re: salary check!
I couldn't live on $40k, heck, I couldn't live on $50k, but everyone's circumstances are different, if the OP is bringing a bucket of equity from a UK house sale then maybe it is feasible.... but without that, $40k I'd say would be quite tight indeed....
#11
Joined: Jul 2005
Posts: 15,883
Re: salary check!
We live quite comfortably on a little less than $50K however we don't have a mortgage.
#12
BE Enthusiast
Joined: Aug 2008
Location: Toronto
Posts: 524
Re: salary check!
I never really went by the doubling of salary, I know it's all subjective and depends on the individual person but I do earn double my salary here and my living standards are A LOT higher. Therefore to just maintain my lifestyle I had in the UK I'd say I only had to increase my UK salary by a third or so.
That's my personal experience though of living and working in London and then moving to Toronto, i.e.
London Lifestyle
- living like a student in a (not very fancy) flatshare
- no car
- not able to save very much
Toronto Lifestyle
- living very well initially in a lovely flatshare and now sharing an apt with my boyfriend
- I have a car
- able to save a lot
That's my personal experience though of living and working in London and then moving to Toronto, i.e.
London Lifestyle
- living like a student in a (not very fancy) flatshare
- no car
- not able to save very much
Toronto Lifestyle
- living very well initially in a lovely flatshare and now sharing an apt with my boyfriend
- I have a car
- able to save a lot
#14
Re: salary check!
OK, but, it would appear that most posters on here earn more in Canada than the exchange rate applied to their English salary. Likewise, if the Canadian salary for the job is less than the English salary multiplied by the exchange rate, the Canadian employer is not likely to offer more.
#15
Joined: Aug 2005
Posts: 14,227
Re: salary check!
What it comes down to is that I reckon $40k here will feel like a lot less than £25k in the UK.