Vacation/Paid Time Off

[Formerly Rockymtnole]

A couple of things.
As for the other benefits - there are none. They don't even have health care yet. They expect to have a plan in place in 1-3 months and I negotiated a stipend to cover my healthcare until then. But they have nothing other than that. No 401k, no dental, no life, no nothing. Salary, vacation, and the promise of a health plan.

Sounds risky and probably won't work out long term.

On the other hand, imagine how many people at Apple, Google, Microsoft, Facebook once said this...

 

[seminole97]

To put this in perspective... back in 1967 you could pick up a brand new Corvette for just a bit over 4 grand. The average household salary was over 7 grand. The average home was just 20k (right around 2.7 times the average income). Fast forward to 2013... Average household income is just over 50k. A new Vette would have set you back 50k and the average house was over 300 grand. This means that back in the day the average joe's house was less than 3x your salary but today it's nearly 6x that same average joe's salary.

I bet that average house isn't the same size (nevermind amenities), and I know the performance on the cars has changed substantially. Car and Driver claims better 0-60 and the same 1/4 mile time as that $4k '67 Corvette with a 2012 Kia Soul...
In most cases, wherever you look we get more bang for the buck now.
When you work out the median income man hours to obtain actually equivalent goods (not '67 Corvette vs. '15 Corvette) we're undeniably better off.

And calling Europe's economy stagnant is a bit of a joke when the Euro is stronger than the dollar and the US in recent years has looked to Germany as the model economy to strive for. And yes, I am ignoring Greece... LOL

If your model is to lend money to countries that can't repay you so they can buy the stuff you produce - I'm not sure that is a model for long term success...

 

[Funk#49]

I get 10 days off for holiday and the company "expects" all employees to take off at least three weeks a year for vacation. We actually have an "unlimited" vacation policy. Now, that doesn't mean you can just take off all the time, but it's not capped, essentially. Basically, if you're manager approves it and taking off doesn't keep you from doing your job, you can take the time off.

The guy I replaced took off 7 weeks last year, plus he had the same holiday schedule. So he essentially had 40 days off work in 2014. I don't think I would even want that much time away from work. Lol.

 

[goldmom]

Our economy is not like it used to be where the average joe can truly make a good living and have the wife stay home. The 2-3 week scenario worked then because you were truly off for vacation. Since salaries have not kept up and times have changed we are seeing either single parents or both parents working. This means vacations turn into time around the holidays to get stuff done and hang with the kids while they aren't in school. To put this in perspective... back in 1967 you could pick up a brand new Corvette for just a bit over 4 grand. The average household salary was over 7 grand. The average home was just 20k (right around 2.7 times the average income). Fast forward to 2013... Average household income is just over 50k. A new Vette would have set you back 50k and the average house was over 300 grand. This means that back in the day the average joe's house was less than 3x your salary but today it's nearly 6x that same average joe's salary.

And calling Europe's economy stagnant is a bit of a joke when the Euro is stronger than the dollar and the US in recent years has looked to Germany as the model economy to strive for. And yes, I am ignoring Greece... LOL

I see what you're saying and I was in high school in '67 but I faintly recall that your numbers are spot on. We bought a house in Killearn Lakes in 1975 for $36,000 and you would have thought it was truly the top of the line. Ha!

The dollar has been stronger of late, and Germany is a model economy because after all, WE pay for their defense. So, they can pay generous pensions and wages and time off. We are working to pay our military to take care of them.

 

[seminoledq]

So let me get this straight. This new job is with a company who pays low salaries, has no benefits and doesn't give much PTO?

Where can I send my resume?

 

[Finance85]

I'm in a technology company. I got 3 weeks at my last employer. I get 4 weeks at my current employer. Most people at my current employer start off with 3 weeks, accruing it as they go.

 

[BelemNole]

So let me get this straight. This new job is with a company who pays low salaries, has no benefits and doesn't give much PTO?

Where can I send my resume?

Just tells you how much I want to leave the current place. But you're right, they've offered me no real incentive to take the job. As much as I'd love the short commute I think I'll just bide my time and wait for a better gig.

 

[poewilly]

i left my job and started a career in education at age 40.... beginning salary was 45+/-... work 180 days a year...
after adding a masters and 4 years experience am up to 62k/yr.... but the time off... is beyond any other field i know...
its not for everyone... but working with kids is fun... and there is huge demand for math...science and technology professionals who can make learning a dynamic experience for students... catch is ... you need to get started in a union state... florida is not the place to be a public school teacher... also many openings overseas for single adventure types...

 

[goldmom]

I wouldn't teach again even if you paid me....think about that one.

 

[alaskanseminole]

While I don't necessarily enjoy my job, I can't complain about the PTO and Flex Hours. I earn 6.33 hours of PTO per pay period and can flex my work hours or use my PTO in .25 (15 min) increments. Basically, I can work an extra half hour or hour per day and get a "free" day off every two weeks. At three years I get 8 hours PTO per pay period. Heck, it's all just for "tracking" purposes anyway because I'm "technically" salary.

 

[LT4PLY]

I bet that average house isn't the same size (nevermind amenities), and I know the performance on the cars has changed substantially. Car and Driver claims better 0-60 and the same 1/4 mile time as that $4k '67 Corvette with a 2012 Kia Soul...
In most cases, wherever you look we get more bang for the buck now.
When you work out the median income man hours to obtain actually equivalent goods (not '67 Corvette vs. '15 Corvette) we're undeniably better off.



If your model is to lend money to countries that can't repay you so they can buy the stuff you produce - I'm not sure that is a model for long term success...

I see what you are getting at and it's a good metric to look at however I think it is flawed. Technology has made things better in the sense of faster cars and 'more bang for the buck'. Another side of the coin is technology has made a lot of things worse.... my Grandparents house was built right. My Turner Heritage house (built 2005) looks better with all the crown molding, etc. but particle/pressed wood moldings may look nice but are cheap. So are hollow doors. I have better countertops but cheaper floors. Better wiring but cheaper cabinets. Overall I think it's a wash.

Houses have gotten bigger but the size has not more than doubled like the relative price.

Another metric is a simple one. How much is a 67 corvette going for today? One of the reasons I use that comparison is a base 4k 67 sells for about the base price of a new Vette today. It's decent food for thought. Plenty of holes can be punched into it for sure and I get that... just food for thought.


Back to the issues I mentioned though. We are living generally in a different world. Time off today is used differently than it once was which is why there are different attitudes by generation. To be fully forthcoming I did just trade my 66 vette in for an M3 convertible a week ago, keys for keys.... because I never had enough time off to enjoy the 66.