Do you think this is a good package?

[Ratemypay]

Salary- 50k
bonus -8%
annual increase 4.5-5%
private healthcare fully paid
10% employer pension contribution
10x death in service benefit

Job hours-39 per week (8-16:30mon-Thurs 8-15:30-Fri)
flexi time
overtime paid at 1.5x or 2x depending on when it is done.
Not a management role.

Can’t comment on the salary without knowing what job it is.
Bonus I would always ask how much has been paid out over the last few years - they can tell you any number but what matters is what you actually get!

The rest seems excellent. Very few places guarantee an annual increase (and that’s way above average in private sector at the moment). Pension is really good (again assuming private sector). I’ve never seen anywhere do 10x life assurance, I’m on 4 and that’s high for my industry.

Forgot to add- Office based role and can wfh 2 days p/w
requires a degree.

Depends on your age and responsibilities but broadly yes.

I think it is pretty decent for 2 reasons

Pensions contributions speak to a decent / high quality employer as does death in service.

There's bonus tick, annualised raises at a decent level tick and the overtime is excellent.

If be interested to know the company if you dont mind PMing me

Depends on the role/industry/your experience surely? I wouldn’t touch that at this stage in my career and would consider it ‘bad’ for where I’m at, however I would have jumped at it and been thrilled earlier in my career.

Overall it’s above the average salary, there are some decent perks and the hours seem alright. But it’s the question of - are the perks there because they’re underpaying the market value of the role?

But that’s very vague. If you’re an architect with many years of experience, then no. If you’re an admin assistant, yes.

3yrs experience so just above graduate entry role.

3yrs experience so next level above graduate entry role.

I don't know quite what you're asking. If that's for data entry then brilliant go for it, if responsibility for £2 billion investments then no

It’s neither, somewhat in the middle I suppose. I don’t want to be too specific

Okay... so we are getting somewhere.

For a 25yr old with no dependents its good / fine even in london.

If overtime is being paid and 2x pe office you are presumably doing a low stress 37.5 hr week.
Not "a job" like most office workers. Ie. you work late nights for free as standard.

The benefits are higher than I have ever seen in private sector and I work in big tech.
The most i have seen is 8% employer contributions and 6 x salary life insurance.

If you really want privacy on an anonymous forum put the JD and offer into chatgpt. I found it fairly accurate when job hunting

It’s not a bad salary, especially if it’s a starting position and also depending on where you live and what your expenses are. If you are single, it’s a good salary, if you are a single mum to two children with a mortgage in London, not quite so good. Personally I think the bonus is on the low side but if you are just starting oIt there should be an opportunity for progression.

Pretty good, yes.

For three years postgraduate this is pretty great imo (as long as you’re not in banking or corporate law!)

Yes that is decent.

BUT disregard anything that is not written into your contract. So here I would probably ignore

the bonus. assume this is tied to company performace, the company could go through a bad patch. I was getting 10% bonus but now we are barely making 1-2% our co performace is so bad

the annual raise. There fould easily be a way that they just dont do this. Every year.

The pension % is excellent.

Why? What are you trying to achieve? You know it's an above average salary so why are you asking? And what is your AIBU?

Where I live that is an excellent salary.

I never understand the bonuses that people get as a matter of course. I have a sales and marketing background, so to me bonuses are only earned if targets are met or exceeded, not by just doing your job.

The one that stuck in everyone's throat last year was the head of Yorkshire water getting a bonus when we were in drought, had a hosepipe ban for months and had pipes bursting regularly due to lack of investment. How on earth can they justify these kind of bonuses?

Sorry about the rant.

It’s ok to want to gather opinion.

But why though? The facts are laid out for you. It is an above average salary. Opinions are irrelevant partly because you have given absolutely no context but mostly because a fact is a fact, not an opinion - it is above average therefore good. So what are you hoping to achieve?

@HoskinsChoice why does it bother you though? If you have no opinion or comparison etc then you could just scroll on?

But no-one can give an informed opinion without being informed.

It sounds good for 3 years post grad, and some people will never earn anywhere near that much.

But in some jobs it might be poor.

The benefits sound excellent, especially if it's private sector. People look in awe at public sector pensions, but that almost always comes at a cost of a salary that is lower than comparable private sector posts, especially in 'professions' or admin or healthcare, where the lower grades earn NMW. Plus no bonuses ever, lower pay increases and no 'perks' like paid Christmas parties.

For example public sector death in service is 2-3 x salary, ten times is outstanding. Pensions aren't all that unless you're a higher earner and live longer after retirement. If you die within a few years of retirement, that's game over, unlike a private pension, where your spouse or another relative will inherit your remaining pot, which will be pretty chunky if you're on £50k and your employer has contributed 10% of your salary.

I’ve never seen anywhere do 10x life assurance

Same & the pension contributions are good for private sector.

Guaranteed bonus & annual increase looks good. Same for the private healthcare.

Actually for the additional benefits the salary looks low if that makes sense. I would expect those benefits along a mores senior role that paid more.

Because I don't believe you are legitimate. I think people are trying to help you under the impression that this is actually a job you are considering. You haven't explained what you are trying to achieve which suggests you are doing some sort of research. It's misleading (and against the site rules).

Have you looked at the employer reviews on glassdoor - that can give an indication of what it’s like to work there.

But without knowing the industry, role, level etc… No one can really give you any informed feedback. There are just too many variables.

Whenever DP or I have taken a job we ignore any bonus unless it’s contractually guaranteed. I also don’t see how they can guarantee a pay rise, surely it’s dependent upon a number of things. If this is a job you are interested in, a step up, has opportunities/will give you good experience then go for it.

This IS my job…I’m trying to gauge if it is of suitable compensation. Is that ok with you?! Tbh I think I could be paid more!