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2012-07-12 7:44 AM

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Subject: Price on flexibility

Good Morning CoJ!

Backstory - I'm currently employed at a local Hospital in their IT department teaching physicians how to use the electronic medical record. The job is stable, the pay is decent and my manager likes me. While the job is not very stimulating, I have a lot of flexibility. My office is about 10 minutes from my house and I can take time off pretty freely if anything comes up. 

I had an interview yesterday that went well and another interview next week. Both are for different hospitals in the area but are 40+ minutes from my house. I am not a huge fan of commuting, but if the salary was high enough I would drive it. We would also look into moving once the new job settles down. 

So here is my question. We just started tri-ing for a baby so that may take a little bit of time, or it could be this month. Our parents live 1 minute and 5 minutes from our house and are very supportive and helpful. I know it is an individual question, but how much $ would you put on job flexibility and having family support minutes away. 



2012-07-12 7:47 AM
in reply to: #4307377

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Slower Than You
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Subject: RE: Price on flexibility
That flexibility is going to come in mucho mucho handy once the kids start arriving. Unless the bump in salary is REALLY worth it, my preference stays with time available and proximity to home.
2012-07-12 8:23 AM
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Master
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Subject: RE: Price on flexibility

bcart1991 - 2012-07-12 5:47 AM That flexibility is going to come in mucho mucho handy once the kids start arriving. Unless the bump in salary is REALLY worth it, my preference stays with time available and proximity to home.

x2

2012-07-12 8:59 AM
in reply to: #4307377

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Champion
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Subject: RE: Price on flexibility
I basically make my own schedule and frequently work from home. I work in IT, too. I recently turned down a job offering $12,000 more a year than I make now because I would have to work a shift, and I couldn't work from home. Flexibility means a lot to me, but what does it mean to you?
2012-07-12 9:20 AM
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Subject: RE: Price on flexibility
is the new job as boring as this job?  i would take not boring over flexible but flexible over a pay raise...
2012-07-12 9:28 AM
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Subject: RE: Price on flexibility
I am thinking of the future and flexibility weighs high on my end. The new job would be a little more stimulating but not leaps and bounds greater. I would learn more in the new job which is great. 


2012-07-12 9:31 AM
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Subject: RE: Price on flexibility

since your only question is $ figure, for ME 25% increase ABSOLUTE minimum.  Not sure I'd take it then either only because, that time means a lot with a baby.  If a baby wasn't coming in the picture, then 25% would be a lot more likely to do it.  This assumes no cost of living increase to move.

mind you, I have a 35 minute one way commute as is but it takes me an hour to get work with the kids school and drop off etc....., just to put it in perspective.

Another thing to consider is that if you would move then what are home prices in that area and would the raise make up for the cost of moving.......

2012-07-12 9:37 AM
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Alpharetta, Georgia
Subject: RE: Price on flexibility

How much more $$$ are you talking? Can you give a percentage of your current salary?

Unless, like above me said, it were XX% (only for you to decide) I would stay put for the flexibility. I think having the flexibility plus all of your future child's grandparents being minutes away will be worth its weight in gold.



Edited by lisac957 2012-07-12 9:38 AM
2012-07-12 9:40 AM
in reply to: #4307377

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Subject: RE: Price on flexibility

Unless it was at least a 20% raise with the same cost of living and you didn't already own a home, I would stay with the flexibility of the current job and try to get more out of the current job as long as it is a stable job.  I only commute about 30 minutes one way and I live in small town Iowa, but I would love to have that time back every day.

But, I am also getting older and our next move will be into a location that is more of what we want in a community, rather than where we set roots and raised our children.  You may also want to think about the current location and is it what you want for your family.

2012-07-12 9:47 AM
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Subject: RE: Price on flexibility
I don't have exact salary they are talking yet, but I am thinking they would offer around 10-15% increase. If we were to move, cost of living would be pretty similar, school districts would be equal. The commute would eat up 1-2% in fuel costs. I guess it really comes down to what they are offering. I just wanted a little perspective of what it would take you to switch jobs. I'm thinking that the target would have to be 20%-25%. 
2012-07-12 9:55 AM
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Subject: RE: Price on flexibility

i'm very fortunate to not really have to worry about dollars.  i spent the past 2 years in a miserable job making great money with a 5 minute commute.  i far more value a job that makes it worth the 50 hours a week that i spend there than one that pays a lot more.

also...living minutes from my mom or my in-laws would not be a selling point AT ALL.  everyone has different values and you have to make the decision based on yours.



2012-07-12 10:09 AM
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Subject: RE: Price on flexibility
I think flexibility is a big advantage when a child/baby is part of the picture.  Assuming that you will send your child to day care at some point, having the ability to leave work and take the child home when he/she is sick is a major advantage.  Having family close by is another benefit. My in laws/parents live an hour away, and there are times it would have helped to have them closer to baby sit in an emergency.  
2012-07-12 11:56 AM
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Subject: RE: Price on flexibility

If I was in your shoes, there's NO WAY I'd change jobs, drive further or move away from parents willing to help care for kidos.  Flexibility is SUPER important for me!  But, that's just me.  I'd get a new hobbie in the meantime to keep my occupied outside of working hours, and when you have kids, you'll have plenty of stimulation away from work.

Good luck in the decision!

2012-07-12 2:11 PM
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Subject: RE: Price on flexibility
I would also caution changing jobs without a dramatic (30%+) salary increase. I would say that once you have a child your appreciation for flexibility and readily available help will change significantly. Just anticipate the days when you are trying to race home to see your child for a few minutes before they go to bed. Traffic and any other delays become magnified and are more and more frustrating. Then you get home and are still going a hundred miles an hour trying to get a few minutes with the little one.

Been there, done that, not fun in my book. Just my 2 cents.
2012-07-15 11:51 PM
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Subject: RE: Price on flexibility
deboerkj - 2012-07-12 7:44 AM

Good Morning CoJ!

Backstory - I'm currently employed at a local Hospital in their IT department teaching physicians how to use the electronic medical record. The job is stable, the pay is decent and my manager likes me. While the job is not very stimulating, I have a lot of flexibility. My office is about 10 minutes from my house and I can take time off pretty freely if anything comes up. 

I had an interview yesterday that went well and another interview next week. Both are for different hospitals in the area but are 40+ minutes from my house. I am not a huge fan of commuting, but if the salary was high enough I would drive it. We would also look into moving once the new job settles down. 

So here is my question. We just started tri-ing for a baby so that may take a little bit of time, or it could be this month. Our parents live 1 minute and 5 minutes from our house and are very supportive and helpful. I know it is an individual question, but how much $ would you put on job flexibility and having family support minutes away. 



It would have to be a ton more for me to even consider it. Of course I am very close to my parents and my in laws and I truly believe you can't put a price on those relationships. I am able to work full time and dh as well and yet my children have never really had to go to daycare. They have always been cared for by family members. Hilary says it takes a village to raise a child and I agree but my village just happens to be all close family members who love my children as much as dh and I. My kids are blessed with close cousins, aunts, uncles and grandparents and I've rarely had to stress when work runs late or an unexpected meeting comes up or dh has to travel out of town unexpectedly, etc. There's always someone available and willing to help and it would really have to be a massive amount of money for me to trade that. Dh has the flexiblilty so we actually rarely need them but I wouldn't trade anything for those days that we do. My children in fact refer to their great grandmother as their second mom and are extremely close to her- she's 86 and they treat her like royalty as they should. They've gained so much by these relationships that there really isn't any amount worth it for me. Two of them are 19 and 20 and they are always saying how fortunate they are for their upbringing. It involved sacrifices as we did pass up chances at promotions, and more money through the years but even my children truly feel blessed and now talk about making similar choices so that their children can have the same advantages- you just can't put a price tag on that.

Now that being said- I understand times when it's a matter of putting food on the table and keeping the roof over the head etc, that I wouldn't have a choice but for a slightly more stimulating work environment and 10-15% increase no way near worth the trade offs.

jmho - ymmv,

Shelly
2012-07-16 8:15 AM
in reply to: #4307377

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Subject: RE: Price on flexibility

***Legal Disclaimer**** I am not a parent.

It seem like everyone is saying the flexibility will be key once their is a child to raise.  I would certainly agree, but I have to say that it seems like everyone is also overlooking the fact that a child adds a huge expense to the family budget as well.  costs are different all over but, it was recently published in the Washington Post that the average cost or raising a child is $234,900 and that does not include college.

So while the flexibility will be helpful so will the cash.  Flexibility doesn't buy diapers or pay for daycare. 

Side note, why is it that "cat's in the cradle" is playing in my head right now??



2012-07-16 9:36 AM
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Alpharetta, Georgia
Subject: RE: Price on flexibility

Sous - 2012-07-16 8:15 AM

So while the flexibility will be helpful so will the cash.  Flexibility doesn't buy diapers or pay for daycare

In the OP's case, it sounds like it just might. Reminaning close to 2 sets of grandparents is sometimes daycare in itself.

2012-07-16 10:31 AM
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Subject: RE: Price on flexibility
There is no fixed price to justify the extra commute. I commute 40-60 minutes one way. I hate it. It was okay with the wife but now that she is mostly home with the kids it is boring. I can ride my bike during the summer so that is not too bad but the winter bites the big one.

So what is it worth? If I was making 20k a year another 5k would do it. If I was making 40k a year then for another 20k a year I would do it. If I was making 250k a year it would have to be another 100k a year at least, and maybe not even then.

If I was making 250k a year I would take a 50k a year pay cut to reduce my driving by 80 percent.
2012-07-16 10:32 AM
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Subject: RE: Price on flexibility
And I thought this was going to be the secret to touching my toes again!
2012-07-16 5:00 PM
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Subject: RE: Price on flexibility

I can actually speak from experience on this one so for me the real answer was this:

I got an opportunity for a temporary upgrade at work that paid me about 20% or $35k per year more.  I did the job for about 14 months giving up my flexible schedule and having to be in the office 50+ hours per week.  When the time came to fill the position permanently it was offered to me and I politely turned it down.  

For me the flexibility of time with my kids, working from home and the ability to skip out to train occasionally is worth far more than money alone.

2012-07-17 7:27 AM
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Subject: RE: Price on flexibility
as a few people mentioned, having the (potential) grandparents nearby is a huge benefit. I do think you should talk to them so there is no misunderstanding: you should confirm if you are thinking you can utilize them for child care, part-time, full-time or whatever.  If they seem agreeable, then that is a huge psychological and financial benefit. We have both  grandmothers nearby, and it is a huge factor in many of our decisions. It is extremely comforting knowing your kids are with family when you can't get home in time for whatever reason.   After you pay your taxes, commuting expenses, depreciation on your car, booze (because there are times when you get home from a long commute you're not going to want to train, you'll want to drink), 10-15% bump in salary is probably not worth it. Seriously, I do most of my training before I commute home- otherwise there's less than 50% chance I'll want to train after sitting in the car.

Edited by ried0428 2012-07-17 7:30 AM


2012-07-17 7:45 AM
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Subject: RE: Price on flexibility
I loathe commuting. I have a <10 minute commute to my work. I come home for lunch every day. I also have a 10 month old. I wouldn't give up the time I get with him for an extra long commute without a massive raise. For me it would probably take 40%.
2012-07-18 8:54 PM
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Subject: RE: Price on flexibility
Sounds to me like its a sliding scale of variables.  Job opportunity as it relates to career advancement, $, Family, Work flex.  I'm sure there are others to consider.  I'm kind of going through it right now.  Took a job in Philadelphia when the rest of the family is in Spokane, Washington.  (Both sets of parents, mine and my in laws).  We have a 2 year old son. We used to live about 70 minutes from family and we are obviously much farther away right now.  By making the move I got around a 33% salary bump and a a lot more schedule flexibility. I also work at a school that has much more prestige in the area that I work in.  But, it is turning out to be more of a lateral career move than I had hoped and being far from family is much more difficult than I thought it would be.  Check back with me in another year or so and I'll let you know the verdict. (Sorry that may not of helped you out).
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