I have an HR conversation on Tuesday and want to come prepared with a number. Here's my thinking:
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Cost of living seems 15-25% higher (exchange rate is currently 1.25 and goods are generally priced about the same - coffee is $2 here and £2 in UK, so 25% higher relative cost).
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Taxes are also much higher - in my US tax bracket, each additional dollar is taxed at 28%. In the UK, each additional dollar would be taxed at 40%.
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Rent is the worst of all. My 2-bedroom with a 15m commute is $1350. In London, something similar runs for £2500 ($3125) and has a 45m+ commute.
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Lastly and selfishly, my company is asking me to fill a needed position in another country. That should warrant some increase based on demand and merit, right?
I make $90k right now. Is asking for £110-115k ($135-145k, or 50-60% increase) unreasonable? It feels like a huge ask to achieve the same standard of living, but the math seems right.
Please help! [Employment]
Submitted March 02, 2017 at 09:04PM by 45thGenRoman http://ift.tt/2mM5wa4
