What’s Your Ideal Work Arrangement?

23 Apr
by Jenny, posted in Making More, Money Honey   |  17 Comments

 

The past few weeks have been a total whirlwind for me. This month I awaited some changes looming in my full-time job. Late last week, I finally got the news. I am being switched from salary to hourly employment. While the details aren’t finalized, what’s certain is there are going to be some huge changes in my working life.

As I figure out exactly what this new work arrangement means for me, there are a few things I’m nervous about:

  1. Not knowing what my weekly or monthly income will be.
  2. Finding outside opportunities that allow for remote work arrangements.
  3. Not knowing what my days or weeks will look like.

On the flip side, there are several things I’m excited about with this new arrangement:

  1. Having the time to take on outside projects that interest me.
  2. Being able to continue to stay home with my two-year old son.
  3. Not knowing what my days or weeks will look like.

There is an element of excitement knowing that I might have a little more control over my schedule. Up until now, I’ve been pretty much strapped to my laptop, playing email ping-pong and generally making myself available.

The benefits  – other than a guaranteed bi-weekly paycheck — while on salary with my current employer were two weeks of paid vacation and a remote work arrangement. So I’m not losing health insurance or retirement matching by switching to hourly.

And honestly, while I know I’ll still be spending a great deal of time online, I like the idea of being able to log my time and take a guilt-free break if I want. And I love the idea of charging the market rate for the work I do.

If this would have happened two years ago…

A couple of years ago, Kirk and I hadn’t discovered minimalism and our expenses were far higher than they are today. Becoming consumer debt free and minimizing our expenses and possessions has created so much peace in our lives. If this same situation would have presented itself two years ago, I think we would have been in serious financial trouble.

 Do you work outside the home? If so, what kind of work arrangement do you have? What is your ideal work situation?

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17 Responses to What’s Your Ideal Work Arrangement?

  1. What a tricky situation for you! Hopefully it will work in your favor!

    As for me, I LOVE working outside of the home. I NEED it. Since starting my new “job” a week ago, I’m realizing that I miss being able to converse with adults, get out of the house, and the friendships with coworkers. I’ve considered working from home and had a small pet-sitting business, but it didn’t help my feelings of isolation being a SAHM brings. So I guess all I need is: work I love, a job I believe in, good coworkers, and a fun location to work at.

    • Hi Megyn,

      I agree that it’s nice to get out of the house and develop relationships with coworkers and clients. And it can be isolating to be at home.

      While I’m looking forward to being out and about more, I feel blessed to have a work situation that allows me to be with my two-year old while he’s little. I know how quickly this time where he’s little will pass, so I’m trying to relish the short time I have with him. :)

  2. Hi Jenny. It’s nice that you can see the positive (as well as the negative) with the situation. Change is often like that. In my experience things always work out for the best (although when you’re in it, it can be hard to see).

    Personally I struggle with my current employment and am looking forward to the day the debts are paid and I can leave. Having said that I still don’t know exactly what I want to do (post corporation) but I do have faith that the answer will come.

    Steve

    • I’m excited to see what you discover as your best career path unfolds Steve.

      I find that I’m continually surprised by what is presented to me. ;)

  3. Jenny, I think when these types of “unknown” situations arise our natural tendency is to think of the worst case scenario. This makes us even more scared and we dwell on it more and more and we become paralyzed. But who knows, this could be the best thing that could happen to you! I was working with a client once who was getting laid off from their job. She started to look around and found a new job making almost $30K a more in salary, in a recession! It just goes to show that sometimes change isn’t a bad thing.

    I know you aren’t panicking but it is awesome to hear that you are in a much better place to handle this compared to two years ago. Just goes to show that cutting expenses and controlling where your money goes each month doesn’t just impact your bottom line, it also impacts how you look at the unknown.

    • No kidding Jon. I feel so thankful that we aren’t sitting on a pile of debt payments right now. My perspective on the situation would likely be MUCH different if we were!

  4. Wow Jenny, that’s a big change they threw at you! But it couldn’t have come at a better time! It’s almost like the universe was waiting for you to be prepared for this! I am excited to hear more about what the future brings for you.

  5. When describing his job to me, a professional acquaintance once said “I stare out the window and think a lot.” I’ve been trying to figure a way to make money doing the same ever since. :-)

  6. If this happened to me I would be in your situation from a couple of years ago. I am really growing tired of chasing our tail with money, so to speak. But as my mum used to tell me there is normally a silver lining to these types of things, it will let you with your online blog.

  7. Right now, I’d say I have the ideal arragentment, since I’m able to work whenever I want, however I want. There is a potential trap, however, in this arrangement because it is too easy to get lazy/distracted with the additional time. The “I’ll do it later, I have time” syndrome.

    There’s something to be said for being under a deadline and having to concentrate with laser-like focus because time is ticking. The trick is to get oneself mentally focused and make use of the additional time instead of squandering it.

    If time = money, how efficient are we with the time? Do we put it to good use, like we do with real money? Or do we waste it frivolously, like we used to do with the same money?

    -Rich

    • That’s a good point Rich. It is easier to put things off if there aren’t any deadlines to meet. I guess you have to make sure you’re truly engaged and love what you’re doing! Easier said than done, though. Right? ;)

  8. I work the typical 40 hours a week outside the home. Although my employer supposedly supports flexible work arrangements, my boss would NEVER go for me working at home. I have to be honest though; I concentrate better at work than I do when attempting to work from home.

    I think my ideal work situation would be, aside from being financially independent without a job, working a reduced schedule of maybe 30 hours a week. Or being able to write (fiction) from home.

    • Working 30 hours a week sounds like a viable option. I think some companies even offer full benefits for those that work a minimum of 32 hours per week.

      Writing fiction from home sounds amazing. I love to write (obviously) and always envision myself writing full-time at some point in my life. ;)

  9. Howard Jones

    Flexible arrangements whereby I can be able to work from home and at the office as I want will be really great for me, and 40 hours a week will be enough.

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