Is this Package enough.


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RajeshinCA   
Member since: Jan 11
Posts: 4
Location:

Post ID: #PID Posted on: 14-01-11 05:47:07

Dear All,
I've a job offer from vancouver , canada in the IT field, would like to have your expert opinions whether is the right package offered and will it be enough for 2.
I'm offered a salary of 100K + 15% Annual bonus + $800 for medical.
Is this how normal package is like for person with 9+ year of experience looks like, am I getting raw deal, please suggest.
Besides, any rough estimate what is monthly expenses a family of 2 incur, leading a simple life (which involves 4-5 times eating out a week).

I appreciate if you can give me some insight, will really help to reach a decisions, thanks a lot!!!

Regards,
Raj



Loser   
Member since: Sep 04
Posts: 1052
Location: Nice ,USA

Post ID: #PID Posted on: 14-01-11 09:59:48

This will barely cover your living expenses.


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You know you are a desi when ........ You spew forth the virtues of India, but don't want to live there...............You've never had a tanning salon membership


dimple2001   
Member since: Apr 04
Posts: 2873
Location: Western Hemisphere

Post ID: #PID Posted on: 14-01-11 10:04:37

I am not sure which one of you is being sarcastic....or are you both serious? :)


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Dimple2001


Delhite   
Member since: Nov 04
Posts: 938
Location: Brampton

Post ID: #PID Posted on: 14-01-11 11:25:04

Quote:
Originally posted by RajeshinCA
I've a job offer from vancouver , canada in the IT field, would like to have your expert opinions whether is the right package offered and will it be enough for 2.
I'm offered a salary of 100K + 15% Annual bonus + $800 for medical.
Is this how normal package is like for person with 9+ year of experience looks like, am I getting raw deal, please suggest.
Besides, any rough estimate what is monthly expenses a family of 2 incur, leading a simple life (which involves 4-5 times eating out a week).





It depends which IT domain do you belongs to. For a VB/Web developer, it is a good package but if you are from a specific ERP module which is hot, it may be just half of what you should get. So be more specific of your IT domain.

If you think that 4-5 times eating out a week is leading a simple life, I doubt this money will be sufficient for you - considering your other expenses with the same scale e.g. driving Ferrari or MB. It also depends upon how much do you spend and where do you dine.

For really simple persons, I think this is more than enough money. I know people living and enjoying life with a family income of 75k.


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A Delhite in Toronto


web2000   
Member since: May 06
Posts: 849
Location:

Post ID: #PID Posted on: 14-01-11 11:33:51

Quote:
Originally posted by RajeshinCA

Dear All,
I've a job offer from vancouver , canada in the IT field, would like to have your expert opinions whether is the right package offered and will it be enough for 2.
I'm offered a salary of 100K + 15% Annual bonus + $800 for medical.
Is this how normal package is like for person with 9+ year of experience looks like, am I getting raw deal, please suggest.
Besides, any rough estimate what is monthly expenses a family of 2 incur, leading a simple life (which involves 4-5 times eating out a week).

I appreciate if you can give me some insight, will really help to reach a decisions, thanks a lot!!!

Regards,
Raj



What is ur current earnings?



Loser   
Member since: Sep 04
Posts: 1052
Location: Nice ,USA

Post ID: #PID Posted on: 14-01-11 11:48:49

I am serious ! When you are an IT person with 9 years expirience you don't live in an apartment building with Jamaican refugees in North York. You get a nice house, car, club membership etc. So 100k barely covers the costs.

Quote:
Originally posted by dimple2001

I am not sure which one of you is being sarcastic....or are you both serious? :)


-----------------------------------------------------------------
You know you are a desi when ........ You spew forth the virtues of India, but don't want to live there...............You've never had a tanning salon membership


febpreet   
Member since: Jan 07
Posts: 3252
Location:

Post ID: #PID Posted on: 14-01-11 11:50:18

It is more than enough for a family of 2 if you want to lead a simple life in Vancouver. But if your idea is to eat out 4-5 times a week and living in downtown or West-end of Vancouver then I doubt you will need much more.

In a nutshell, 100K is very good package. Also, depands upon your expanses.



Contributors: RajeshinCA(4) wall-E(4) Loser(4) unitz(3) dimple2001(3) febpreet(3) john26(2) Delhite(2) web2000(2) infocan(1) Gurram(1) dan(1) san-hugo(1)



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