To find salary offered an insult?

No update from an OP on a thread like this…. I presume that the response was like it or lump it

Any news OP?

This has caused you real stress?

Not a great sign for a job line managing

Any update @Willowtree5 ?

Oh yeah…that makes sense, now i feel dumb!

This. Okay…I’ll bite.

Come on, OP. You’re clearly not thick, commanding that salary, so don’t pretend for a second everyone living in London earns above six figures. Speak to my bus driver, nurse, shop assistant friends…. The pretence makes you sound stupid.

This is clearly a question that is relevant to high earners/a particular industry - do you think you’d be better off finding a forum that caters specifically to that, to ask this specific question? Otherwise you’re asking people whether their entire salary as an uplift is an insult to you….

Salary sacrifice the additional amount to save on tax

I think the OP (or should it be DOP) is on the wind up here - all her responses/updates seem to be out for a keyboard fight.

Because the OP wrote

More fool you for not asserting yourself and negotiating for a fair deal.

So it was my response to her saying I was the problem rather than the sectors I was in simply not having the luxury of the budget to do what she was asking for.

No it just makes you sound like even more of a pratt D doesn’t go in front of any and every word.

I explained this further up the thread but will have another go here.

People who work “in finance” work in the financial services industry.

This is made up of banks, insurers, asset managers and brokers, mostly based in big financial centres (City of London, Edinburgh, New York, Boston, Tokyo, Frankfurt) although some firms have back and middle office staff in other cities. There are obviously a huge range of people who work in these firms. Some are ‘hedge fund traders’, but there are all kinds of other revenue earners, plus operations people, compliance people, risk people, and all the usual business functions (IT, HR, legal, tax, finance, comms) you might find in any largish company. All of these people would say they work “in finance”; virtually none of them are a “finance director” or CFO.

I thought OPs comment about it being retail showed a significant detachment from reality.

Mine boss manages all the registered professionals in the service for 50k. We're an NHS clinical team. We work bloody hard to treat your children. She is 80% clinical and in the remaining day of the week she does service development, and manages 5 of us with quarterly reviews, caseload management, clinical supervision...

So if she will receive payrises she can do so without the added stress of people management for what will be, in short to medium term hardly extra.

If she asks for and gets the 50k extra it’s certainly worth it.

From 100 - 125 it’s absolutely not.

"...to us 95 percenters"

Well, at least you do acknowledge that you are at the 95th percentile. A lot of people don't.

I think she means I’d you work in a financial institution such as big accountancy practice, private equity fund, investment back etc then the salaries are very high.

if you work in a company outside of those sectors but do a finance function the salaries are often no where near as high. E.g. finance director in a recruitment firm in London.

It’s so varied and it isn’t now just the City - I remember when we moved to Canary Wharf (Publishing Office) where it would take the Executive Leadership to hit 6 figures and it was different.

In her whole career, no more pay rises, that’s highly unlikely. I think it’s worth busting through the stitch up margin tax rate band rather than always trying to stay on the cusp of it.

Literally - not only did I live there for a decade myself but this site is known for being very London centric , it's actually hilariously patronising.

Or she may not. For now, it’s not worth it.

When did I say it was a company issue?

@Ziegfeld what does someone do all day who is' in finance' as opposed to someone 'working in finance? '

Do you mean someone 'in finance' is an investment banker or hedge fund trader?'

And not a finance director or CFO? It's very confusing, would appreciate an explanation!

To some of us who live in London!

What extra actual work or overall responsibility for delivery would you have?

Part of me thinks easy money,.plus a new baseline to shop around for a new job.

Other part thinks they've already made a significant ongoing saving by getting rid of others so it's their problem to recruit a manager.

Maybe consider what percentage more work will you need to do and set that out in the counter offer.

You clearly don’t work in or know much about finance.
There is finance the industry, as in “I work in finance”.
Then there is the finance job function, more often that not within companies that have nothing at all to do with finance. These jobs could be anything from bookkeeping right up to being the finance director. They are often not well paid, regardless of seniority, because what drives their pay is their industry NOT their job function.

Conflating the two is utterly meaningless - it tells you nothing.

im going to wager that you’re snide