How I pay myself at my new job

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Yakimix,  Escario Cebu 

Hi guys! I’ve missed blogging but I was creatively challenged these past few weeks. As an update, I officially started  my new job and now settling in to my spanking new four-corner office. We apparently have the option to furnish our offices as we see fit, i.e. add couches, tables etc., at our own expense of course, as this is the public sector.

After jumping through many hoops and passing the screening process, I was pleased to be offered the job. I happily accepted as this job paid wayyy better than any of the in-house counsel positions I’ve been offered. I’ve previously written how the private sector pay isn’t as good as widely perceived, despite its perceived glamor.

I will speak in generalities to retain my anonymity. The position is similar to my previous one but requires heavier accountability. It’s writing and research-intensive with a little bit of litigation thrown in. It requires the exercise of discretion on my part and that in itself, is a heavy responsibility. In sharp contrast to the in-house counsel positions, this heavier responsibility is offset by a heavy bump in pay and has better and reasonable working hours.

The downside to government employment is the delay in salary. I anticipate a six-month delay in the payment of my initial salary. In the meantime I plan to pay myself a reduced salary out of my cash funds. It pays to have a husband to subsidize my costs too.. But that’s a last resort for me.

The plan is to pay myself half of my previous salary. Considering that I have an average saving rate of 50%, that amount should suffice to cover my living costs. We shall see how this experiment goes in the months ahead!

Have you tried paying yourself due to a delay in initial salary?

George

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4 thoughts on “How I pay myself at my new job

  1. Nung first few months ko dito sa states, di rin ako binayaran for 4 months dahil “non-working” yung visa ko. It took ‘forever’ for my lawyer to acquire the necessary working permits on my behalf. When I got impatient, I sent her a fax message short of telling her that I’m about to starve to death. But I accidentally left the message on the machine. The next day, our big boss saw the message and volunteered to lend me money to pay for my apartment and maybe groceries. Of course, I was only bluffing– I did have the resources at the time, so I declined the offer. His kind heart left a good impression on me that I end up working for him for a very long time.

    Liked by 1 person

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