Hi there, I’m Ed!
You probably know me through my personal numbers or my contributions here and there. I’ve previously focused on my expenses and I commit to doing so every year in this forum. Not it’s time to not only put my pants down, but directly take them off. Let’s talk income!
I live in Lausanne but work in Geneva since 2020. I “enjoyed” the covid times thanks to work from home but my company is giving all employees who wish it 2 days of WFH so I’m quite okay with the commute 3x a week. Plus I don’t live far from the train station in Lausanne.
I work for Company D where I have:
- 145k fixed salary paid in 12 equal instalments
- Bonus for an amount to be seen, should be 5-15k, but no idea
- 4% of company contribution to the 2nd pillar (after having deducted 25k to the annual salary)
- Private accident insurance offered by my employer
- Time off (25 days)
- No willingness to relocate closer to Geneva.
- A somewhat disappointing role. I am however good in office politics and I’m working on my reputation, getting noticed and doing a good job so that I can shape my future at this company and probably get better conditions at some point. Salary raise next year or more bonus?
This last point is important because I got offered a consulting job where I would basically be freelancing. The package would look as follows:
- 770 CHF per worked day at the customer (so 770x240 = 185k/year?)
- No time off or sick days: for every day not worked the 770 CHF are not billed
- Minimum LPP contributions
- Basic SUVA mandatory accident insurance
- No other bonuses, perks, expenses, nothing
- Workplace in Geneva, no possibility of remote working (or maybe 1 day/week)
- Likely to have to wear a costume
The interest of the position itself is more or less the same of the current one. Only there is no possibility for career progression as I would be “just” a consultant. However, the guy who pitched me the mission told me that most consultats are hired by the end client at some point through “an offer they cannot refuse”.
Sometimes I consider already that I am paid very much for what I do but hey, if the market is willing to pay for it why should I keep them from doing just that.
So my question to you is twofold:
- Does it make financial / career sense to take this risk? My reputation at the current company would take a hit, it hasn’t even been a year.
- If I do this, should I buy into my 2nd pilar so that I can take the überobligatorisch part to a place like finpension?
Thanks MP forum!
Now back to contributing rather than asking…