The deets:
43rs old. 6.5 years of very stable top security IT job with federal pay at GS13 step 5. 14 in is the works. At current location, pay is roughly 104k a year, with the standard guvvie pension, TSP, and 6 hrs/pp annual leave earning. Currently have 205 hours of leave and 180 sick leave hours banked up.
New job is not a contract job, but rather direct hire with a large vender (very large, probably as stable as the current job), allows me to work in the same federal building location as I am now, yet work from home 50% - 75%. I'm a single dad, this is huge for me. Can't do that in my current position very much.
Starting salary is $125k, with 12k paid yearly for security clearance and 8-10% annual bonus. RSUs have been used as negotiable factors as well with some employees, with one year vesting. Total compensation is near $150k.
I have a good enough resume that I could probably head back into the federal workforce and still get my high 3 and 20 years of service before planned retirement at 62. Then again, I could make much more in the private sector and put way more into my 401k than I can right now, and retire early.
The pension and FEHB (retirement medical benefits) have me in limbo - these are tough to lose.
I have spoken directly with others that are in this same role with said company and they are super happy. Rarely work 40 hours and work from the beach, even. Most have 10+ years in the position and absolutely love the freedom and autonomy. Just have to have cell phone handy. Travel is minimal.
TLDR; potential 40%-50% raise in going to private sector over federal service, with up to 75% working from home. Possible chance of returning to federal service after 5-6 years to get federal retirement. Worth it, even if temporary?
Submitted October 04, 2021 at 08:06AM by Tuono_Rider https://ift.tt/2YoDh8X
