I am in the process of job hunting because my current employer (a non-profit) is in dire financial straights. It's an non-profit trade association that services a dying profession. Each year we lose 10-20% of our membership due to people retiring and no one new taking up the trade. The volunteer Board and new executive already made some deep cuts (including forced retirements and layoffs) that unintentionally have resulted in a faster downward spiral due to knowledge loss. I figure it's only a matter of time before I am out of work.
I have my final interview with another non-profit that I really like (I like their mission statement/what they do/what they stand for). It serves a growing industry and I can see their revenues have been growing for the past five years by looking at their 990s. I may be rushing things because they haven't made me an offer yet and they are still interviewing at least one other person (so I might not get this job), but I want to be prepared to accept and negotiate because they are going to make an offer by the end of this week and I will be in Iceland next week. So if an offer happens, things are going to happen pretty quickly and I need to clearly understand everything so I know what I have to work with.
The salary will be a 4-14% pay cut if they offer and I take the position. They stressed early in the interview process that they are firm on the salary range. And I would lose a lot of time off (drop down to 10 days vs my current 20... although I am hoping they might negotiate on that and let me start at 15). I also would have to switch to a 403b from my 401k and I am trying to look into that. But they offer an 8% match vs my current 6%, so that's better. As an aside, my 401k only has expensive options in it so it will be nice to roll that over into my index fund IRA.
All that information above is something I can pretty easily weigh the pros and cons in my mind. But the big unknown for me is with medical insurance. How do I compare both plans?
My current employer has CareFirst BCBS and the new employer has Anthem BCBS. At first I was of the thought that BSBC is BCBS, it will be good. But a friend of mine told me Anthem isn't all that great and some places won't take it so I better be careful. But then a coworker of mine told me our insurance is bad and won't pay for some of her treatments. How can I compare the Anthem and CareFirst plans? Is one a better quality insurance than the other? When I try to do searches online, I can't find a good answer. And is this something I should even worry about or factor into comparing my current job with any new offer? I am healthy (all I have a regular checkups every year and am on no medications). So insurance is one of those things I never delve into much.
Of course, I can't negotiate my insurance plan, but it will be a factor in taking the job or not if offered (or maybe it will encourage me to seek the higher end of the pay scale to make up for lack of coverage).
I have my final interview with another non-profit that I really like (I like their mission statement/what they do/what they stand for). It serves a growing industry and I can see their revenues have been growing for the past five years by looking at their 990s. I may be rushing things because they haven't made me an offer yet and they are still interviewing at least one other person (so I might not get this job), but I want to be prepared to accept and negotiate because they are going to make an offer by the end of this week and I will be in Iceland next week. So if an offer happens, things are going to happen pretty quickly and I need to clearly understand everything so I know what I have to work with.
The salary will be a 4-14% pay cut if they offer and I take the position. They stressed early in the interview process that they are firm on the salary range. And I would lose a lot of time off (drop down to 10 days vs my current 20... although I am hoping they might negotiate on that and let me start at 15). I also would have to switch to a 403b from my 401k and I am trying to look into that. But they offer an 8% match vs my current 6%, so that's better. As an aside, my 401k only has expensive options in it so it will be nice to roll that over into my index fund IRA.
All that information above is something I can pretty easily weigh the pros and cons in my mind. But the big unknown for me is with medical insurance. How do I compare both plans?
My current employer has CareFirst BCBS and the new employer has Anthem BCBS. At first I was of the thought that BSBC is BCBS, it will be good. But a friend of mine told me Anthem isn't all that great and some places won't take it so I better be careful. But then a coworker of mine told me our insurance is bad and won't pay for some of her treatments. How can I compare the Anthem and CareFirst plans? Is one a better quality insurance than the other? When I try to do searches online, I can't find a good answer. And is this something I should even worry about or factor into comparing my current job with any new offer? I am healthy (all I have a regular checkups every year and am on no medications). So insurance is one of those things I never delve into much.
Of course, I can't negotiate my insurance plan, but it will be a factor in taking the job or not if offered (or maybe it will encourage me to seek the higher end of the pay scale to make up for lack of coverage).
Statistics: Posted by Calico — Sun Mar 24, 2024 10:56 am — Replies 0 — Views 11