doubt half would agree to this though as it's a rubbish offer so that may make it more difficult
Would you accept this offer?
- Thread starter NotAGolf
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doubt half would agree to this though as it's a rubbish offer so that may make it more difficult
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But there's 9 bank holidays this year and next year due to the royal weeding and diamond jubilee?
Since it was made law
http://www.direct.gov.uk/en/Employment/Employees/Timeoffandholidays/DG_10029788
The OP has clarified that does not include bank holidays though so he is really getting 28/33 holidays not 20/25.
Given that the amount of bank holidays can change, I don't see why anyone would ever include them.
My 30 doesn't include BH and I wouldn't expect it to.
aren't they public holidays as opposed to bank holidays and as such have a different legal standing ?
Yea, I guess you will be on 30 days + Bank Hols, so effectively 38 days Hol.
The statuary min of 28 days includes Bank Hols.
If it was a choice between the two I'd take the reduced holiday. I think in 7 years of working only once have I taken all of my holiday (I think I have 3 weeks left this year!) so it'd just be free stuff. Although, I think you can negotiate a better deal.
That's a point. When you take tax and NI into the equation, would you even be better off with the 2% raise? If so, how much? Say salary is 20k for simplicity's sake.
A few things some people have missed I think is that the op said 'other benefits'
At the end of the day, only you will know if the flexibility the company offers you is worth the dip in holiday, lack of pension and probably a pointless dental plan (assuming you don't need major work soon)
The standard I go for these days is :
- 25 Days Hol + BH's
- Employer matching pension contributions or even putting more in. At my old company I put in 5% the company put in 6%...rising each time with the percentage I put in to a set amount
- BUPA Medical is common these days though you did say they are small
Work out where you want to be and go. Will a small company really do that for you anyhow or could you look elsewhere for better terms, more prospects possibly though you may loose these 'other benefits'
At the end of the day, only you will know if the flexibility the company offers you is worth the dip in holiday, lack of pension and probably a pointless dental plan (assuming you don't need major work soon)
The standard I go for these days is :
- 25 Days Hol + BH's
- Employer matching pension contributions or even putting more in. At my old company I put in 5% the company put in 6%...rising each time with the percentage I put in to a set amount
- BUPA Medical is common these days though you did say they are small
Work out where you want to be and go. Will a small company really do that for you anyhow or could you look elsewhere for better terms, more prospects possibly though you may loose these 'other benefits'
Using a standard tax codes:
£20,000 per year is £1,330.20 after tax/NI per month
Add 2% "rise"
£20,400 per year is £1,352.86 after tax/NI per month
So you gain £22 per month and lose 5 days holiday.
If salary is £20,000 = £16,358 NET (£1363 per month)
With 2% rise salary would be £20,400 = £16,630 NET (£1385 per month)
So a whole £22ish per month up. £272 take home extra for the year. £54 per day of holiday lost.
Definitely a no from me. My dental check ups twice a year cost me maybe £60 so thats not really a selling point either. My day off is worth more than £54 a day, its time to spend with friends & family enjoying the money you have been earning for the rest of the year. Could be a day out or an extra week long holiday for you to enjoy.
Remember you work to live, not live to work
EDIT : Figures using mobile app, may not be 100% correct but usually something like .
EDIT 2 : That was a waste of time, see above post
a 2% rise isn't really a rise anyway as it's below inflation.
The pension part will become law and they have to do this anyway from next year anyway.
Looks like they are attempting to shaft you tbh
My work place allows me 23 + all bank holidays as paid days off - which is effectively the same thing. Therefore the offer *may* be on that basis in which case you're probably just about in.
Small IT company i'd take them to the cleaners. I handed my notice in at my old place (7 person IT company), and then told them to make me a better offer (After initially denying me a payrise), they offered 10%, i said i wanted more, they denied, I moved on. I had no intention of staying anyway (unless they offered me something like 50% raise), but with small companies the deck is in your favour. Dont let them push you around mate.
