Raise/incentive options

posted 9 months ago in Career
  • poll: Which would you rather?
    Cost of living raise (maybe a bit more) : (10 votes)
    36 %
    Extra 1 week of paid vacation a year : (18 votes)
    64 %
  • Post # 2
    844 posts
    Busy bee
    • Wedding: May 2017

    llevinso :  it depends on what the cost of living raise is? If it’s like 1 or 2% I’ll take the week off for sure!

    Post # 3
    5251 posts
    Bee Keeper

    llevinso :  I’d take the extra vacation. I’ve reached a point in my life where I have enough money, but I never have enough time!

    Post # 4
    118 posts
    Blushing bee
    • Wedding: August 2018

    llevinso :  I think it depends how much the raise is and how much vacation you currently get PLUS what currently matters to you.

    eg – are you currently struggling to pay the bills/striving to save for a property or wedding etc OR are you a mum wishing you got to spend more time with your kids etc/desperate for more leave to visit a far flung destination…?

    Post # 5
    8528 posts
    Bumble Beekeeper

    llevinso :  Well it would depend on my salary and which was the greatest value if I had a choice. According to the abs.gov.au the CPI for Jun 2016 – June 2017 was 1.9%. If you earn $30k per year before tax that is an increase of $570 and if paid fortnightly (so 27 pays in a financial year) a weeks vacation equals approx $556. So just based on that it is financially better to take the payrise but only as long as it doesn’t alter which tax bracket you sit in. So in this case I would take the pay rise but we get good annual leave here.

    If I was in the USA and had crap annual leave entitlements then the answer might be different.

    Post # 6
    3712 posts
    Sugar bee
    • Wedding: August 2012

    COL raise where I come from is usually about 2% max. For most people that’s going to be less than $100/month after taxes.

    So, yeah. $100 a month vs an extra week off, I’d go with the week no question. I’d rather have the time with my family. Plus, I assume if you’re asking you’re making enough to live (or you wouldn’t ask, because if you’re struggling I imagine the money would be a no-brainer), so I’d just keep living the way I was and enjoy the time.

    Post # 8
    844 posts
    Busy bee
    • Wedding: May 2017

    llevinso :  Considering he only has one week off I would definitely take the extra time, particularly with a child. 

    I feel so bad for your husband, I could not handle only one week’s vacation time. 

    Post # 10
    8039 posts
    Bumble Beekeeper

     Considering you’re having a baby and he has so little PTO to begin with, I’d go with the extra week of PTO. 

    Post # 11
    2495 posts
    Buzzing bee

    Definitely the extra vacation. There’s just never enough time..

    Post # 12
    695 posts
    Busy bee

    My company has a decent vacation policy (at 5 years, I have a little over 3 weeks) so I chose the extra pay. I’m a workaholic anyways. 

    But if I had only 1 week to begin with, I would definitely opt for the second week. 

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