How much would it take? v.job relocation
#23
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it would be about a 33% increase
Driving farther will not just be a higher hassle level for you, it also costs you something. More gas, quicker depreciation on the vehicle, more frequent maintenance.
I sometimes place people in jobs where they'll have to drive their own vehicle for the job and standard way of compensating for this is for them to fill out a mileage log and then get reimbursed at the current IRS mileage rate. The 2010 IRS business mileage rate is $0.50/mile.
http://www.irs.gov/newsroom/article/...216048,00.html
Since you're hourly, here's the formula to figure out how to pay for your mileage:
(Weekly mileage increase x $0.50) / 40 hours
If your drive is going to be 30 miles longer round trip that'd be...
30 miles x 5 days = 150 miles
150 miles x $0.50 = $75 mileage reimbursement
$75 / 40 hours = $1.875/hr to cover your mileage reimbursement
So....take this as the baseline just to break even from the longer commute. Then think about how much more they'd have to pay you in exchange for you putting up with the higher hassle.
I sometimes place people in jobs where they'll have to drive their own vehicle for the job and standard way of compensating for this is for them to fill out a mileage log and then get reimbursed at the current IRS mileage rate. The 2010 IRS business mileage rate is $0.50/mile.
http://www.irs.gov/newsroom/article/...216048,00.html
Since you're hourly, here's the formula to figure out how to pay for your mileage:
(Weekly mileage increase x $0.50) / 40 hours
If your drive is going to be 30 miles longer round trip that'd be...
30 miles x 5 days = 150 miles
150 miles x $0.50 = $75 mileage reimbursement
$75 / 40 hours = $1.875/hr to cover your mileage reimbursement
So....take this as the baseline just to break even from the longer commute. Then think about how much more they'd have to pay you in exchange for you putting up with the higher hassle.
same job, different location. he wants to bring me to him because he doesnt like having to call me everytime to talk and its hard for us to sit down and brainstorm on stuff
Last edited by shirley; 10-18-2010 at 08:32 AM.
#24
33% is pretty good specially if it's the same job just different location. as you said you get used to the commute fairly quickly. i still have an hour commute each way and it doesn't bother me at all.
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