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I have a choice - I can take an offer for a manager in training program at 16 dollars an hour for 1-3 months and move into a manager role that will pay a 45k-50k salary a year.

The salary position would begin immediately after the training period ends. There is an option retained to bump MIT's back to an Assistant Manager role if you don't bring the bacon.

OR - I can interview with another manager and try to secure an offer for an immediate placement in a permanent manager role that will pay a salary between 38k-42k a year. And that would be that.

Both would be coordinated by an HR director at the same company.
The pay differences are based on area of job placement and location/region and over all difficulty.


Obviously I'm considering the financial possibilities of each, but I'm having a really hard time figuring out which is the best choice.

I will also note I am considering this decision because I was laid off from my last job. Because of the abruptness and time between the two, I fear I may find myself really really struggling through the MIT program. Even though I really am interested in earning the most I can, I believe I am perceiving and should seriously consider the greater financial risk and reduced security involved with the MIT program.

Oh and having a hard time figuring the taxes too... UGH

Any advice?

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Since writing this post Anonymous may have helped people, but has not within the last four (4) days.
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Anonymous edited this post .

I have a choice - I can take an offer for a manager in training program at 16 dollars an hour for 1-3 months and move into a manager role that will pay a 45k-50k salary a year. The salary position would begin immediately after the training period ends. There is an option retained to bump MIT's back to an Assistant Manager role if you don't bring the bacon. ¬ ¬ Or - I can interview with another manager and try to secure an offer for an immediate placement in a permanent manager role that will pay a salary between 38k-42k a year. And that would be that.¬ ¬ Both would be coordinated by an HR director of the same company. ¬ The pay differences are based on area of job placement and location/region.¬ ¬ ¬ Obviously I'm considering the financial possibilities of each, but I'm having a really hard time figuring out which is the best choice. ¬ ¬ I will also note I am considering this decision because I was laid off from my last job. Because of the abruptness and time between the two, I fear I may find myself really really struggling through the MIT program. Even though I really am interested in earning the most I can, I believe I am perceiving and should seriously consider the greatergreatergreater risk involved with the MIT program. ¬ ¬ Oh and having a hard time figuring the taxes too... UGH ¬ ¬ Any advice?

Anonymous edited this post .

I have a choice - I can take an offer for a manager in training program at 16 dollars an hour for 1-3 months and move into a manager role that will pay a 45k-50k salary a year. The salary position would begin immediately after the training period ends. There is an option retained to bump MIT's back to an Assistant Manager role if you don't bring the bacon. ¬ ¬ OrOR - I can interview with another manager and try to secure an offer for an immediate placement in a permanent manager role that will pay a salary between 38k-42k a year. And that would be that.¬ ¬ Both would be coordinated by an HR director of the same company. ¬ The pay differences are based on area of job placement and location/region.¬ ¬ ¬ Obviously I'm considering the financial possibilities of each, but I'm having a really hard time figuring out which is the best choice. ¬ ¬ I will also note I am considering this decision because I was laid off from my last job. Because of the abruptness and time between the two, I fear I may find myself really really struggling through the MIT program. Even though I really am interested in earning the most I can, I believe I am perceiving and should seriously consider the greater risk involved with the MIT program. ¬ ¬ Oh and having a hard time figuring the taxes too... UGH ¬ ¬ Any advice?

Anonymous edited this post .

I have a choice - I can take an offer for a manager in training program at 16 dollars an hour for 1-3 months and move into a manager role that will pay a 45k-50k salary a year. The salary position would begin immediately after the training period ends. There is an option retained to bump MIT's back to an Assistant Manager role if you don't bring the bacon. ¬ ¬ OR - I can interview with another manager and try to secure an offer for an immediate placement in a permanent manager role that will pay a salary between 38k-42k a year. And that would be that.¬ ¬ Both would be coordinated by an HR director at the same company. ¬ The pay differences are based on area of the same company. ¬ The pay differences are based on area of job placement and location/region.¬ ¬ ¬ Obviously I'm considering the financial possibilities of each, but I'm having a really hard time figuring out which is the best choice. ¬ ¬ I will also note I am considering this decision because I was laid off from my last job. Because of the abruptness and time between the two, I fear I may find myself really really struggling through the MIT program. Even though I really am interested in earning the most I can, I believe I am perceiving and should seriously consider the greater risk involved with the MIT program. ¬ ¬ Oh and having a hard time figuring the taxes too... UGH ¬ ¬ Any advice?

Anonymous edited this post .

I have a choice - I can take an offer for a manager in training program at 16 dollars an hour for 1-3 months and move into a manager role that will pay a 45k-50k salary a year. The salary position would begin immediately after the training period ends. There is an option retained to bump MIT's back to an Assistant Manager role if you don't bring the bacon. ¬ ¬ OR - I can interview with another manager and try to secure an offer for an immediate placement in a permanent manager role that will pay a salary between 38k-42k a year. And that would be that.¬ ¬ Both would be coordinated by an HR director at the same company. ¬ The pay differences are based on area of job placement and location/region and over all difficulty.¬ ¬ ¬ Obviously I'm considering the financial possibilities of each, but I'm having a really hard time figuring out which is the best choice. ¬ ¬ I will also note I am considering this decision because I was laid off from my last job. Because of the abruptness and time between the two, I fear I may find myself really really struggling through the MIT program. Even though I really am interested in earning the most I can, I believe I am perceiving and should seriously consider the greater risk involved with the MIT program. ¬ ¬ Oh and having a hard time figuring the taxes too... UGH ¬ ¬ Any advice?

Anonymous edited this post .

I have a choice - I can take an offer for a manager in training program at 16 dollars an hour for 1-3 months and move into a manager role that will pay a 45k-50k salary a year. The salary position would begin immediately after the training period ends. There is an option retained to bump MIT's back to an Assistant Manager role if you don't bring the bacon. ¬ ¬ OR - I can interview with another manager and try to secure an offer for an immediate placement in a permanent manager role that will pay a salary between 38k-42k a year. And that would be that.¬ ¬ Both would be coordinated by an HR director at the same company. ¬ The pay differences are based on area of job placement and location/region and over all difficulty.¬ ¬ ¬ Obviously I'm considering the financial possibilities of each, but I'm having a really hard time figuring out which is the best choice. ¬ ¬ I will also note I am considering this decision because I was laid off from my last job. Because of the abruptness and time between the two, I fear I may find myself really really struggling through the MIT program. Even though I really am interested in earning the most I can, I believe I am perceiving and should seriously consider the greater financial risk and reduced security involved with the MIT program. ¬ ¬ Oh and having a hard time figuring the taxes too... UGH ¬ ¬ Any advice?

Yorick
Yorick
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at least you have options... i do not.

think for yourself....choose wisely my friend!

Electric
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You're thinking is in a good direction -
- from where you left off -
Figure the taxes
Figure the benefits, especially the retirement.
Judge the expense of where you would relocate.

Basic bottom line - the most aparent money may not always be the best choice.

Cjg0wsg
SlightlyUnique
last online: 11/22, 22:44
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Short term vs long term. Fairly simple :)

Do a spreadsheet - 3 columnrs
year Salary option 1 / Salary option 2
1
2
3
4

Then total up and see your break even point - how many years it will take you to reach the same earnings.

Then see if you are happy waiting that long... and see what it adds up like after that many years.

To make it simipler, use culmative totals :) Also - if feeling flash, do some tax workings too, but thats optional.

Original Poster
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Thanks, I worked it out so I can explore all the options and it won't damage the progress I've made to reach this initial offer. I hope the next interview goes well. We're running out of stores in the region to look at haha. Keep your fingers crossed that it all works out eh?

Dr. ralph club zps9ornptsl
DocteurRalph
last online: <time class="timeago" datetime="1712510088" title="Apr 7, 2024 17:14">Apr 7, 2024 17:14</time>
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I think the chance to make 50 grand a year is the best alternative, but only if you are confident you can handle the position. Yeah and if you are in the USA different states have up to 10% state taxes like California and other states have none... plus 50 grand isn't crap in LA.

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DocteurRalph wrote:
I think the chance to make 50 grand a year is the best alternative, but only if you are confident you can handle the position. Yeah and if you are in the USA different states have up to 10% state taxes like California and other states have none... plus 50 grand isn't crap in LA.

I'm staying in Georgia right now but the job will be in Tennessee. I've lived in TN the last 20 something years and only staying in GA till I get a new job and move back. I'm working a little gas station job until I find something back in my field of work. I'm noticing a huge difference in pay though because of the state income tax. State income tax should be illegal lol I can't wait to get back to TN if for nothing else to not have state income tax.

BUT there is still FEDERAL tax and if you look up the tax brackets you'll notice it won't make much difference if I make 40k a year or if I make 50k a year because all income over $38,701, is taxed at 22%. So the more money you make the more of a percentage the government will get from the check.

So if you make 38,701, as far as I've learned and based on my sources, you should owe 4,453.50 in federal taxes. Anything over that amount is taxed at 22%. So if you make 40,000 a year, $1,299 of that will be taxed at 22% which is 285.00 roughly.
If you make 50,000 a year you'll be taxed at 22% on 11,299 paying 2485.78.

So looking at it that way, would you rather lose 285 dollars to the federal taxes making 40,000 a year, or make 50,000 a year and pay 2485.78.
So if you make 40,000 you earn 35261.50 after taxes.
If you make 50,000 you earn 43060.62.

A difference of 7800 a year.

Monthly take home at 40,000 a year is 2938.45 a month
at 50,000 a year is 3,588.38.

A difference of about a weeks worth of pay right?

When you take it all into consideration, after the time it takes to train, the added risk involved of inserting myself into a situation that would include added scrutiny from others which can be affected by personal not professional opinions(I could end up unemployed after training if they don't like me, being in manager in training program does not guarantee a manager position), first two or three months loss of income for being paid less during training, the much higher pressure of operating a much busier riskier store location, having to deal with additional theft, and other similarly complex factors....Is it even worth it at all?

DocteurRalph I hope you see this reply and will you take the taxes into consideration and tell me again if you'd still go for the higher paying option?

I ran these figures on about the lowest I might make if I choose to go direct hire, and the highest I MIGHT make if I enter the training program.

After the training program I could make between 45k and 50k but is no guarantee I'll be at the higher end of the pay range after training.

If I go direct hire I'll make between 39,000 and 42,000. Also no guarantee I'll get the higher end of the pay range.

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PepperJ
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Wow. You really thought that out^^^^^

Good deal for you

I'd still go with the making more money option, even if you pay more taxes. You still have more in your pocket at the end of the year, and it will be easier to get a raise/jump jobs/move up to a new bracket to 60k (for instance) if you're already making 50k

Maybe put the extra 4k or whatever it is (I'm NOT doing the math ;) ) and put it in an IRA

Sherlock by olga tereshenko d9qdidc
Sherlock
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Most manager trainee programs do not work out. They are a cover to work the crap out of you--with no overtime--until you quit. There is little or no mentoring and you are largely left on your own--effectively set up for failure. I recommend taking the sure bet NOW.

Dr. ralph club zps9ornptsl
DocteurRalph
last online: <time class="timeago" datetime="1712510088" title="Apr 7, 2024 17:14">Apr 7, 2024 17:14</time>
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Yeah managers are famous for being on salary and working 80 hours a week with no overtime, and the last man standing gets a promotion. Take the sure thing.

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