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Payrise - Annual vs Hourly

  • 09-03-2015 9:39am
    #1
    JaMarcusHustle
    Closed Accounts Posts: 4,719 ✭✭✭


    Question for you guys.

    If you worked 9-5 and had an annual salary of X.

    You get an offer from another company to work 9-5:30 for Y which is more than X, but the extra 2.5 hours a week means it's actually less of an hourly rate than X.

    Do you consider that a payrise or not? Just curious!


Comments

  • #2
    Nody
    Moderators, Category Moderators, Arts Moderators, Business & Finance Moderators, Entertainment Moderators, Society & Culture Moderators Posts: 18,375 CMod ✭✭✭✭Nody


    It would depend; if that 30 min a day is going from 1h lunch to 30 min I'd say a pay rise (because 1h lunch is not required and ends up with a lot of "dead time" which I'd go back to work anyway because my projects needs to be delivered by date X). If those 30 min is added on the end of the day (i.e. same breaks) I'd say it's not a pay rise because you work longer hours to earn it and hence the per hour cost would kick in.

    Worth in either case is also to take into account commute time; cutting the commute can easily offset longer working hours (while you're not paid it's still part of your working time as you'd not go there if not required).


  • #3
    Mr. Loverman
    Closed Accounts Posts: 4,001 ✭✭✭Mr. Loverman


    It would depend what the job is.

    If it's an office job where it doesn't really matter that you're there an extra 30 mins a day, I'd go for it.

    But if it was a manual labouring job where I will feel the extra 30 mins, I wouldn't bother.


  • #4
    Tar.Aldarion
    Moderators, Science, Health & Environment Moderators, Social & Fun Moderators, Society & Culture Moderators Posts: 60,110 Mod ✭✭✭✭Tar.Aldarion


    Is the first job really 9-5? is the second one really 9-5:30? :)
    For an office job I would probably prefer more for the 30 minutes. Many have to work that late anyway no matter what the contract says.


  • #5
    davo10
    Closed Accounts Posts: 6,926 ✭✭✭davo10


    A pay rise is measured as an increase in hourly gross pay rate. What you have is an increased ability to earn more rather than an increase in pay rate. The ideal is to work less and earn more, in your case it is work more to earn more but the pay rate per hour is lower.


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