Result! - work related

[GT-Steve]

After some 'negotiations' with my boss, I've managed to secure a reduction in my working hours, down to a 4day week

Now I have every Friday spare to do as I wish (more riding, more project building )at the expense of a 20% cut in pay. The happy trade-off for me is that I negotitated a 20% pay rise at christmas, so I'm one happy bunny and no worse off financially

Double bonus!!

 

[jonnyboy666]

is your boss stooopid?!

well done!!

 

[tintin40]

cool. with summer coming A friday ride is great as less people out in the country side.
Can i get a job at your place

 

[GT-Steve]

is your boss stooopid?!

well done!!

Not entirely, it's a 3 month trial, :? but that almost covers 50% of the summer months. Gives me the massive chance I needed to get match-fit again.

 

[GT-Steve]

cool. with summer coming A friday ride is great as less people out in the country side.
Can i get a job at your place

That's what I'm looking forward to, as well

No jobs at the moment, unfortunately :roll:

 

[JeRkY]

Good to see your happy and probably worth it, but you do realise that your current wage-20% will not be equal to your new wage+20% come christmas.

You will be out of pocket, how much depends on your wage (obv) and it may not be noticable, but you will be down.

You would need 25% increase at christmas to return to your current wage. (If I have it all right in my head)

Still a price worth paying if every friday is as nice as today!

 

[cyfa2809]

wouldnt 20% down on a recent 20% up mean hes better off???!!! :?

 

[JeRkY]

The way I saw it, Say he was on 100 K (to keep the numbers easy)

20% of current (100k)= 20k.

So new wage is 100k-20k= 80k


Then come christmas, he gets a 20% rise.

20% of new (80k)= 16k

So wage after the xmas rise is 80k + 16k = 96k


In order for him to get back to where he started and be no worse off financially he would need a rise of 25%

25% of 80k = 20k

80+20=100k

 

[JeRkY]

Ahh just realised yo meant last christmas...yeah OK, better off

( I thought you meant as part of this deal you negotiated a future rise to kick in at xmas 2010....doh!)

 

[GT-Steve]

Ok, to avoid confusion, I arranged the pay rise last christmas, and it started Jan 1st this year, so have been on a higher salary for the last 3 pay day's. The pay reduction comes into play at the end of this month, so theoretically (without getting too up tight, with a calculator) I'm not very much out of pocket at all...
tbh, the weather's far too nice today, for me to be too bothered about doing the maths. What is totally priceless is the additional time I can spend doing the things I want to do for that day, every week

Steve