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So I'm about to get a job offer

For some context, I live in a low tax country and my gross salary is 56k (incl bonus). I take home about 3600 per month. And there's a 10% bonus
Next month I have a raise to 61k and will take home 4000.

I just finished a few interviews with a very interesting company in another country and the recruiter says they are offering max 66k.

Problem is, it's in a high tax country (Sweden) . So that 66k means take home pay of 3600... That's a 9% pay cut over what I will make starting next month.

Now I'm not sure how to approach this. I calculated what I want (10-15% raise over my current - next month's - salary and the number is *way* higher: 90k.. This means take home 4600 (15% increase)
I also calculated what it would take to match my employer and even that is much higher at 77k.

The recruiter asked me what they would need to offer me for me to accept and says max budget is 66k. This is of course after I told him 66k would net me less than I make now...

There's also the possibility of working remotely (as a contractor I am guessing) from where I am, and I think in that case the 66k would net me roughly the same as my employer, but I'm not sure as there might be additional costs.
But being a contractor means the employer doesn't pay any tax contributions for me, right? I calculated they would be paying 22k tax (on top of 66k salary) which as I understand is freed up. If that's the case maybe I should be asking for more (as contractor)?

How do I approach this? Anyone been in a similar situation?

Comments
  • 2
    Is it just a cost of living thing at this point (nothing wrong with that if it is) or are there some intangibles as far as tech you want to work with / growth / etc that you can factor in?
  • 3
    Very similar!

    To me, the question is, does it improve your quality of life? I moved from a low cost of living place to a high cost of living years ago, it was a good decision for me. Might not be for everyone.

    People from the low cost of living place loved to talk about how cheap things were, yet they had no culture, art, public anything and every single thing had a pricetag. It was also flat, dull and full of shitty people who valued money more than quality of life. Property taxes were also high; if you didn't rent it came out in the wash. Jobs were enterprise boredom, there was obvious classism.

    The high priced place cost a lot, but had local fairs, guerilla art, reasonable theatre, great beer and music, a sense of community and lots of beautiful scenery/outdoors. The jobs were also great (high pay, bleeding edge, top tech/kek) and everyone was a great person (4 lanes of traffic will stop to let me cross).

    The answer is contextual to what you value.
  • 2
    When you actually have the perfect job and are still trying hard to find any reason to switch...
  • 0
    @Oktokolo far from perfect, unfortunately. Very far... That's why I'm looking to leave.

    See my other rants if you want a tiny glimpse into what's happening at this company
  • 0
    @N00bPancakes no the tech and potential for technical skill growth is great.

    It's purely financial. I'd like to do well financially and go upwards, not downwards
  • 0
    @SortOfTested quality of life.. I think objectively it's worse to take the job. Sweden is really nice and there's a lot of nature and pretty winters and things like that, but I am in Luxembourg right now.
    I have all the same comforts plus I'm in the center of Europe, pay very little tax, have any type of vacation destination relatively close by.

    Luxembourg is a good place to be. Highest gdp in the world, takes care of its employees and citizens and an amazing place to build connections and do something in life.
  • 0
    @SortOfTested I just really want to advance in my career. Eg make more money and be happy with my job and learn more (to become more valuable and make more money I guess)
  • 1
    9% tax, come complain when you reach ~25% of your gross going to the tax man, fuck him some days, I'm looking into ways to minimise that without a pay cut!

    Money != higher quality of life, but you be you and work out what's best.
  • 0
    @C0D4 it's 34% tax in Sweden. 17% in Luxembourg. I meant that if I took this job at 66k, despite the higher gross salary, I would end up with 9% less money after taxes (net salary)

    I know what you mean though.. In the countries around Luxembourg, taxes go as high as 54% 😜 imagine giving half your salary away...
  • 1
    @signedadam does the higher gross company offer anything else beyond a paycheck?
  • 1
    @C0D4 not really. I haven't negotiated yet but it seems my recruiter is trying to avoid letting me negotiate? Is that possible and if so, why?

    The company just seems really cool and the team as well. Lots of difficult fun stuff to do and more stuff to learn.

    My current company is a complete mess and my colleagues make the place almost unbearable..
  • 1
    @signedadam no idea if it's possible in that part of the world, typical here though if the recruiter is the one placing you they'll set a ceiling figure.

    Looks like you answered for your self though, a better culture and environment has its perks even if it's for less cash, if there's room for growth then there's room for a bank account to grow too.

    My current job I took a pay cut when I started, but it got me out of a shitty micromanaged positioned that ended poorly, so I didn't care too much, a job was better then nothing then, now (several years later) I'm now 100% to the dollar (I checked) better off then my previous job.
  • 0
    @C0D4 sounds like you had something similar to what I have now..

    How did you go about getting paid much more at your job? I read a bunch of articles about negotiation and think I have it down somewhat. And can back it up with work as well

    But it seems also that your raises depend a lot on your starting salary at your company (ie you have to set standards high from the very beginning, so they don't get used to low balling you)
  • 1
    @signedadam slow and steady really.

    Use those yearly reviews to convince them your worth more, buckle in and work your ass off for a few years, but long term I ended up better off.
  • 1
    I'm doing my thing in Switzerland, because no other country, essentially, offers jobs in my field with any sort of respectable salary, with the possible exception of the US.

    Taxes here are very low. But *everything* costs. Every interaction with a public entity: $$$. Groceries? $$$. Public transport? $$$ Rent? $$$$. Health costs? $$$$. It's a very expensive place, even if these expenses do provide high quality services.

    If comparable roles existed in other parts of Europe, I'd be sore tempted to take the pay cut, higher tax, and enjoy an environment with a less mercantile approach to public services. It sounds silly, but everything having such an in your face cost is just _tiring_.
  • 1
    @halfflat but the Swiss mountains...

    I actually wanted to apply in Switzerland too, but kept putting it off.

    Why don't you live over the border as a frontalier? Would save you a lot of money
  • 1
    @signedadam Hell commute, but you're right it would save a bundle. Even living somewhere in the countryside.

    We're all work-from-home at the moment, but once the pandemic is contained, we may well end up back with the mandatory daily commute.
  • 1
    @halfflat I know what you mean.. I have only a 40 minute commute but I can be at 80% energy after work ends and the moment I sit down in the train I am DRAINED
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