Jump to content
SAU Community

Recommended Posts

So work floated a concept past the team.

Work for 4 years at 80% pay & then have the 5th year off.

Interesting concept.

Thoughts?

My maths might be out of whack, but how does this create an advantage other than for people who don't know how to save money? Like can't you do 4 years at 100% and take a year off for the same result?

Let's have a look at the historical mean and standard deviation to see if it is a start to a shift. Could knock up an IMR chart.

Woah let's not get crazy...one tailed or two tailed?

My maths might be out of whack, but how does this create an advantage other than for people who don't know how to save money? Like can't you do 4 years at 100% and take a year off for the same result?

Your maths is out of whack.

So work floated a concept past the team.

Work for 4 years at 80% pay & then have the 5th year off.

Interesting concept.

Thoughts?

Do you get your annual leave in the 4 years aswell or is this a cunning ruse to get long term staff and rip everyone 4 months leave?

Your maths is out of whack.

Your 5th year would be at the 80% salary rate along with the previous 4 years.

Would also assume it would be a 20% saving pre-tax so it would equate to a 80% paid salary on the 5th year.

Do you get your annual leave in the 4 years aswell or is this a cunning ruse to get long term staff and rip everyone 4 months leave?

Well you are still working 100% of the time and annual leave is accrued for each hour worked. So I would assume it would still be the normal 4 weeks annual leave.

It will just be paid out at a 80% salary rate.

Your 5th year would be at the 80% salary rate along with the previous 4 years.

Would also assume it would be a 20% saving pre-tax so it would equate to a 80% paid salary on the 5th year.

So aside from the tax benefit is there any other advantage and can we explain this to me?

As far as I can tell, they're docking you 20% of your pay for 4 years and then giving it all back to you in a 5th year you're not working...unless it puts you in a lower tax bracket it doesn't seem to leave you any better off financially than if you just worked 4 years at 100%. It's like superannuation; sounds like a good idea for FIFOs who can't save money?

Only other advantage I can think of is that, unlike most jobs, you can take a year off / gap year for overseas trip / self actualisation journey and come straight back to it.

As far as I can tell, they're docking you 20% of your pay for 4 years and then giving it all back to you in a 5th year you're not working...unless it puts you in a lower tax bracket it doesn't seem to leave you any better off financially than if you just worked 4 years at 100%. It's like superannuation; sounds like a good idea for FIFOs who can't save money?

Only other advantage I can think of is that, unlike most jobs, you can take a year off / gap year for overseas trip / self actualisation journey and come straight back to it.

Yeah probably the advantage is having a workplace willing to let you go for 1 year leave. The tax bracket benefit would be an added bonus.

80% Salary = less chance for you to save money over 4 years and put into your mortgage or investments.

Then you're without work for a full year, and in my experience you have higher outgoings when you're not working as you've got so much extra free time to fill

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now



  • Similar Content

  • Latest Posts

    • To expand on this to help understanding... The bigger/longer the block is, the more it's going to work to sit on your far away high areas, and not touch the low stuff in the middle. When you throw the guide coat, and give it a quick go with a big block, guide coat will disappear in the high spots. If those high spots are in the correct position where the panel should be, stop sanding, and fill the low spots. However, using a small block, you "fall off" one of the high spots, and now your sanding the "side of the hill". Your little block would have been great for the stone chips, where you only use a very small amount of filler, so you're sanding and area let's say the size of a 5/10cent piece, with something that is 75*150. For the big panel, go bigger!   And now I'll go back to my "body work sucks, it takes too much patience, and I don't have it" PS, I thought your picture with coloured circles was an ultra sound... That's after my brain thought you were trying to make a dick and balls drawing...
    • Oh I probably didn't speak enough about the small sanding block for blocking large areas.  In the video about 3 minutes in, he talks about creating valleys in the panel. This is the issue with using a small sanding block for a large area, it's way too easy to create the valleys he is talking about. With a large block its much easier to create a nice flat surface.  Hard to explain but in practice you'll notice the difference straight away using the large block. 
    • Yep I guessed as much. You'll find life much easier with a large block something like this -  https://wholesalepaint.com.au/products/dura-block-long-hook-loop-sanding-block-100-eva-rubber-af4437 This is a good demo video of something like this in use -    You have turned your small rock chip holes into large low spots. You'll need to fill and block these low spots.  It's always a little hard not seeing it in person, but yes I would go ahead and lay filler over the whole area. Have a good look at the video I linked, it's a very good example of all the things you're doing. They went to bare metal, they are using guide coat, they are doing a skim coat with the filler and blocking it back. If what you're doing doesn't look like what they are doing, that's a big hint for you  
    • The odometer does go up when driving.  Does this tell it is an issue with the speedometer itself?    Where can I look for replacement cluster? Or speedo? I can likely do the repair.. Will ER34 cluster work on HR34? Or do I need a HR34 20GT S2 specifically lol   
    • Mine's a bit bigger at 70x150mm roughly. The spots are flat, just can feel the edges if I dig my nail into it. I did fix some other other ones by both using my finger to sand that small spot (I'm a bit wary of doing this and creating hot spots and a bigger mess) and I also did sand over it flat and others, but this also worried me a bit because if I create an overall low spot on the panel on paint that is good.  Correct me if I'm wrong but as long as it's flat even if I can feel the edges, I can put filler because it will all be level once I sand it? I can see myself going in a circle after sanding guidecoat with 320 grit if for example the panel is flat with my hand but because I sanded the guidecoat I could have created a low spot again somewhere. Unless where I'm going wrong is what I mentioned previously where I didn't go low enough on the grits. It's 1 step forward and 2 step backwards here haha. I'll probably need to experiment with it more. Last time I go back to bare metal lol.
×
×
  • Create New...