Set my first career reduction goal on my way to RE: Dropping down to 3.5 days/week (okay, 7 days biweekly) as soon as we have our renovations paid off.
I technically have an underlying hourly rate, but am salaried in the sense that I am guaranteed a certain number of shifts equivalent to my FTE if that makes sense. Currently my FTE is 1.0 and I work 10 shifts biweekly. 0.7 would be seven shifts biweekly and so it would be 56 hours times my hourly rate. 401k match is 6% of whatever I get paid regardless of FTE. This kinda setup is common in healthcare.
Insurance cost would rise a few bucks a month. Nothing crazy.
Set my first career reduction goal on my way to RE: Dropping down to 3.5 days/week (okay, 7 days biweekly) as soon as we have our renovations paid off.
Should be doable before the end of 2024!
Sounds nice, fewer hours isn’t a realistic possibility for my industry so I’m just grinding it out.
Do you know what’ll happen compensation wise when you drop down?
Yep! Everything is proportional based on the FTE.
I technically have an underlying hourly rate, but am salaried in the sense that I am guaranteed a certain number of shifts equivalent to my FTE if that makes sense. Currently my FTE is 1.0 and I work 10 shifts biweekly. 0.7 would be seven shifts biweekly and so it would be 56 hours times my hourly rate. 401k match is 6% of whatever I get paid regardless of FTE. This kinda setup is common in healthcare.
Insurance cost would rise a few bucks a month. Nothing crazy.