Bitcoin Forum

I'll try and keep it short as possible:

The GF has job in public sector, they just got taken over by a private company. Private company offered her either $20k tax free redundancy package or stick with the job under new private company terms.  The private company cannot act bad since its taking over public sector work if you understand.  The new terms are pretty good.

The new terms from private company include:

- $3k per year pay rise
- Working fully from home, flexible hours also < pretty crazy good right?

GF does enjoy a little social interaction at work but it takes much more effort to go to work each day then work from home.

We cant work out if its better to take the $20k or take the job.

GF could also take the redundancy and apply for the same job at a later date - lol yes this is possible.  However GF is 100% guaranteed this job right now if she wants it and the private company has no option you see.  

She could also take the $20k and get another job somewhere else. New diffferent jobs are unlikey to work from home of course and wont have the $3k pay rise mostly likely.  

How the fuck do you work this out? we are about 50/50. Money now better then money later or what? Or because the job seems good on paper we should turn down a free $20k?

Depends on what the annual salary is and how long it would take to earn the $20k redundancy offer.

$20k is not a lot of money and wont last long.

Job is part time but pays more than $20k per year so yeah would take under a year to earn that back but she can get another job so does this matter?

Basically paying $20k for a good job (but on paper) it seems?

Incredible opportunity, doesn't seem like your GF can lose! A few questions:

• How long does the $3k annual pay raise go for?
• Does your lady like what she's doing now?
• Will it be relatively easy for her to find a new job for comparable pay within the next few months?

These questions would filter into the decision if I was making it. If she doesn't love the job and she can get a new one with comparable pay within a few months, I say order take the $20k. But we really need to know more facts to help you better.

Good luck!

Your GF should consider other factors - are her current superiors leaving? Would she be facing off a bunch of new hires brought in by new management?

Are there still training and career advancement opportunity under new management?

Thanks!

Ok to answer your Qs:

- The $3k pay rise is forever in the new job.

- The GF likes what shes doing right now yes, its a 1 to 1 care and supporting role with people trying to get them at best health.  In new job all that would change and 1 on 1s be done over the phone.  More people would be dealt with this way.  The job might not be as rewarding this way. However doing this from home is easy vs travelling and preparation to deal with people.  

- Taking the $20k and finding a completely new job - would be easyish to find in a few months sure, but unlikely to get same exact pay unless new job was more complex and harder. Lets assume any other random job would probably be $3k less vs private company job offer.

Other factors:

Another thing to consider is i run a home business and she helps.
She can help me better if she works from home.  
If she works from home we are flexible to live anywhere.

She might be able to take the $20k and quit completely and we both work on my home business forever.  < this is not a safe play though, its possible though.  If she quits all work completely and works with me she misses out on little social interactions she likes at current real life jobs - however i guess thats replaceable.

Fuck, still 50/50 we have 3 weeks to decide. I guess its win win situation though.

It would really depend on her if she really likes the job or not. For me, I would choose to continue to be employed with the company because she have flexible hours anyway and it is not guaranteed that she can find a job that would be better than the job she has for now. And there is a guaranteed raise already so the $20k that she would have to receive when she quit the job could be earn in a few months if she retained the job.But if there is an urgent need for her to have the money then she can take it and maybe find another job or make a business perhaps. It would really depend on her. Just list the advantages and disadvantages of each option and weigh it what would be the better choice.

I will stick with home yob, 20 k redundancy is not so much. With that rise, flexible working time sounds like good job. 20 k she will earn in some time, and new work with good terms is not so easy to find.
This is great opportunity and she need to accept that job, many would love to work from home, and plus she can organize her own time.
If she find some better opportunity she can quit easily, it's hard to get job like that one. But in the end both of you need to make decision based on your future plans.

I agree completely with the fact that a flexible work schedule - it is very convenient. I would just kind of work chosen. It is important for me to be the master of your time.

Yes there are some new management but some remain.  There are plenty of opportunities to progress career in this job but would mean hard work and we are considering a more relaxed lifestyle is in our plans.

Current news just in, we are now slightly favouring taking the money - Its 65% chance we take the money now ATM. 

Sounds like a plan. Please use the money wisely! All the best to you and GF! :)

Thanks man and yeah i have no idea really how to use this fiat currently.  The banks aren't giving out enough interest to beat inflation i dont think - need to check around. Already have some bitcoin so would have to be put into gold/silver or something else.  I have little clue about investing in gold/silver. 

$20k isn't that much either so need to put it into something simple and safe.

I can only advise you the don'ts:

- do not lend out money in P2P lending. You are bound to lose it - check out my post: https://bitcointalk.org/index.php?topic=1625932.0

- if possible, try not to get involved in mining or cloud mining, especially genesis mining.

- do not lend the money to friends or family members. And do not let your friends or family know this 20k exists.

- Personally, I will park 75% of the monies in bluechips and collect dividends, the other 25% I will buy bitcoins :D

My opinion is a parrot of what everyone else has been saying, it all depends on what she has been earning previously, and as such what she can expect to earn in the future. If she can earn at least $20k each year with the $3k pay raise, then keep the job and if you want to move on just set up another job offer while she's working, so she is never stuck unemployed.

It also depends on how long she is guaranteed work. A minimum 2-3 years would be worth keeping the job for. Receiving $20k at once and being unemployed for a year or whatever is a terrible trade-off.

Make sure the employers are willing to be references for future work.

Better to stick with the job but if chances of getting new job which will include some social interaction as liked by your GF better she leave this and take the money and packages they are offering. But working from home seems quite good rather than having social interaction daily and get into social problem mess. If opportunity for new job is high than better to find the job she love to do leaving this one.

i think i would choose stick with the job and i do not accept offers like these because it is simply dealing with my job and that is hell risky as the question here is about my servival

Update on the situation.  The new private company back tracked on the pay rise, there is no pay rise.  They also have a clause in the new contract which means they get final say over anything should there be a disagreement basically over anything.  ha.  So basically the only thing they offer which is great is private medical cover. 

We are going for money 100%, we are now waiting to see if they accept.

That's a smart move - you taking the money ;D

Ah, they made your choice easier. If they can backtrack now on the retention terms, they can backtrack on anything. Your GF should start looking for a new job right away, before the money hits your bank account.

Times have changed, for many of us there are no jobs, forget about redundancy money lol. Now most employers in western countries are employing peeps part-time so that they don't give them the full package and benefits they would for full time staff. Also they mostly employ younger people, not old bats like me muahahaha.

Yup that's what I would've done anyways raise or no raise. $20k is not a whole lot of money but it is a nice sum for an investment, especially since it's not money you've been saving up over a long period of time. I'm of course assuming here that you guys don't depend on your GF's part time job. Also if you're going to invest, take all the time you need to make the right decision. Congrats and good luck!

Stick with your job because that is going to assure you that you are going to earn money every month which is really needed it would not quit it.
Just do your job and Bitcoin in the side then I am sure that you will be fine financially.

Hey! How did it go later on?  ;D

Sounds too good to be true. What company is that that it can afford 3k yearly raises? most companies nowadays can barely afford any raises.

And working from home? that sounds great, I hate commuting. What field is the job about and how did she find it? I want to work from home, I hate going out everyday at 8 in the morning, its too cold.

If cant afford to take risk, i will suggest to stay with the current job and if possible also take that another Job as a part timer. It surely depends on the how much time you have, How much energy you posses. Obviously  you cant work for 20 hrs a day and make yourself ill after a week. A balance is needed in all walks of life.

For me, I would choose for 20k paying. We all know that we need a stable income, but if you have been offered on your home with stable income or job, I would choose to work in my home. Obviously, you can work on your home, you can always be relax, no stress in your office work. If you would need to take a nap, you can. But we need a stable income, or job, we should have 20k plus job or earnings