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Should I jump ship ???????

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  #1 (permalink)  
Old 04-01-2012, 10:30 AM
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Default Should I jump ship ???????

hi all, im kinda confused at the momen

i wld like to share my 'predicament' and seek ur opinions

info on my current job:
- been working here for only 1 year
- basic $4xxx
- bonus 4.5 mths (it obvsly varies according to performance and state of economy)
- increment: govt-type increments...nothing to shout about
- working hours: 48 hrs/wk (rarely exceeds this number)
- stress levels: low

info on prospective job:
- basic $6xxx (~2k more than current job)
- bonus: ~ 2 mths (not expected to vary much)
- working hours: est. 53 hrs/wk (this is a conservative estimate...can be easily more....very unpredictable)
- increments: ~15%
- stress levels: moderate to high


any thoughts??

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Old 04-01-2012, 11:18 AM
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Quote:
Originally Posted by heath View Post
hi all, im kinda confused at the momen

i wld like to share my 'predicament' and seek ur opinions

info on my current job:
- been working here for only 1 year
- basic $4xxx
- bonus 4.5 mths (it obvsly varies according to performance and state of economy)
- increment: Govt-type increments...nothing to shout about
- working hours: 48 hrs/wk (rarely exceeds this number)
- stress levels: Low

info on prospective job:
- basic $6xxx (~2k more than current job)
- bonus: ~ 2 mths (not expected to vary much)
- working hours: Est. 53 hrs/wk (this is a conservative estimate...can be easily more....very unpredictable)
- increments: ~15%
- stress levels: Moderate to high


any thoughts??
go for the money!

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  #3 (permalink)  
Old 04-01-2012, 11:50 AM
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Default Yes

Are you ambitious and willing to work hard? If yes,AND new company is a good one (ie won't collapse, will make good promises on fast increments for good peformers), jump ship

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Old 04-01-2012, 12:02 PM
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Default

Quote:
Originally Posted by Unregistered View Post
Are you ambitious and willing to work hard? If yes,AND new company is a good one (ie won't collapse, will make good promises on fast increments for good peformers), jump ship
i like money, but i dun really enjoy the industry im in

i wish to have decent work-life balance, and use my free time to get better at investing in stocks

PS: this is wat im doing currently, altho im well aware that there's no guarantee i'll make alot of money in stocks
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Old 04-01-2012, 01:22 PM
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I agree with the 1st reply. Go for the money. If dissatisfied after a while, keep hopping until you found the ideal balance. The good thing is that if you can always present yourself well during interviews, you are definitely going to get an increment with every hop.
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Old 04-01-2012, 01:27 PM
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Quote:
Originally Posted by Unregistered View Post
I agree with the 1st reply. Go for the money. If dissatisfied after a while, keep hopping until you found the ideal balance. The good thing is that if you can always present yourself well during interviews, you are definitely going to get an increment with every hop.
hmm i am always told that hopping ard too much isnt a good thing

i guess one can always put a positive spin to it


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Old 04-01-2012, 01:36 PM
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Quote:
Originally Posted by Heath View Post
i like money, but i dun really enjoy the industry im in

i wish to have decent work-life balance, and use my free time to get better at investing in stocks

PS: this is wat im doing currently, altho im well aware that there's no guarantee i'll make alot of money in stocks
What's up with so many ppl these days always asking for jobs with big money and work life balance? Jeezzz...

Anyway, you have to be realistic lar, if you dun have at least 500k, what you can make from stocks from all that "studying" is very punny & shouldn't be a factor in your career decision.
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Old 04-01-2012, 02:52 PM
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Agree, stocks average 6+% yearly over last decade, even if you become super good without a large starting base, realistically only can make a few thousand dollars in a good year not enough to give up a good paying job just to have more time to play stocks.

Besides history has proven that for small time stock speculators, 75% lost money, 20% make money but underperform index and only 5% can consistently beat index to make the whole thing worthwhile. Chances are that you will fall into the first 2 categories.


Quote:
Originally Posted by Unregistered View Post
What's up with so many ppl these days always asking for jobs with big money and work life balance? Jeezzz...

Anyway, you have to be realistic lar, if you dun have at least 500k, what you can make from stocks from all that "studying" is very punny & shouldn't be a factor in your career decision.
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Old 04-01-2012, 05:00 PM
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Quote:
Originally Posted by Heath View Post
hi all, im kinda confused at the momen

i wld like to share my 'predicament' and seek ur opinions

info on my current job:
- been working here for only 1 year
- basic $4xxx
- bonus 4.5 mths (it obvsly varies according to performance and state of economy)
- increment: govt-type increments...nothing to shout about(could you provide more info on the increment, how many % or how much is the amount on average? I have seen people getting +$300to+$600 for annual increment in civil service, I think it is high comparing to my GLC job +$100to+$150)
- working hours: 48 hrs/wk (rarely exceeds this number)
- stress levels: low

info on prospective job:
- basic $6xxx (~2k more than current job)
- bonus: ~ 2 mths (not expected to vary much)
- working hours: est. 53 hrs/wk (this is a conservative estimate...can be easily more....very unpredictable)
- increments: ~15%(these days got so high annual increment one??)
- stress levels: moderate to high


any thoughts??
your current job = 16.5 x assume 4000 = 66000 annual
annual work hour = 48 x 52 = 2496hrs
salary/hr = 66000/2496 = $26.44/hr
got work life balance + low stress

new job = 14 x assume 6000 = 84000 annual
annual work hour = 53 x 52 = 2756hrs(could be more!!!)
salary/hr = 84000/2756 = $30.47/hr
should be no work life balance + moderate to high stress

I will choose the government job because it offer low stress + seldom OT(got work-life balance) and job stability...for $26.44/hr

I will not choose the high chance no work life balance job + from what I can see is it will be stressful for just an additional $4/hr
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