Saturday, July 07, 2007

For those of you who don't know, I've been looking to leave my current job. On Friday, I unofficially received a job offer with a banking software company. I need to meet with the company's CEO for a few minutes before I can officially receive the offer, which should happen this coming week.

The job is one that I see myself really enjoying. It's working with C# (one of the newest programming languages), and s/390 assembly (s/390's are IBM's most expensive computers, assembly is low-level stuff [meaning everything else eventually gets broken down to assembly, so it can run on the processor]). It's this kind of stuff that I studied for in school.

I'm hesitant because the pay & benefits don't appear to be very good. I would take a small pay cut from what I make now, with a "review" within a year to see how I'm doing, and be raised from there. I'm not a fan of that. The health benefits don't start until a new month starts. For the first six months, I don't earn any time off (meaning I would have to work through the holidays, except for the actual holidays). There's only 7 recognized holidays. I would have thought that a banking software company would get all bank holidays off.

Even when I start accruing time off, it's at a very low rate, that increases every 5 years. I would have to work 15 years to get to the slowest rate Novell offers. And then the health plan is kind of weird. It's 70% / 30% through IHC. I don't like 30%. The company contributes an additional $700 per year that I can use to pay up to 10% of the costs, so for a while it would effectively be like only paying 20%.

It would look great on a resume, and I would enjoy it, but the compensation is very low. Which makes it a lot less fun.

4 comments:

Christa said...

Hmmmm. What are you going to do? It sounds like a tough choice. I don't think taking a small pay cut is that big of a deal, but the health benefits and time off may be... Let us know what you decide!

Marilyn said...

How is their drug coverage? Maybe this job would be another stepping stone to give you the experience you want so that you can get a job with better benefits that you would like also.

Cambrie said...

If it doesn't work for you, I hope something does because your current job leaves much to be desired.

Chad said...

Yea, I think I've decided not to take it unless they can offer more. I don't want to feel like I'm working for less than I'm worth. It's frustrating, right Brigham?