Hi!
Need help deciding on job:
Wife makes $74,000
I make $90,000 (today)
Offer on the table for $80/hour for 1 year contract ("with likely extension") which comes to $153,600 when i take out 2 weeks unpaid time off and 2 weeks holiday in next 12 months (1920 hours). This is a fully-remote contract
I put my notice in at work, and they offered me $116,000 to stay. I told them i needed $127,725, but they are not budging past $116,000.
My current job I am super well-respected within the organization. I'm #1 asked for when it comes to assignments by business leaders, i am valued. My workplace is a 12 minute drive (12 mile bike commute, during non winter months). We have been WFH full time since March. It's unclear what the expectation is after covid, but likely will be hybrid. Regardless, the workplace is very flexible. For instance, I just biked to the library to pickup a book 10 minutes ago. No one missed me while I was gone. I've been in jobs where that wouldn't fly.
I did the math, and after accounting for health plan differences and maxing out 401ks, (wife's plan is much more expensive than my current company), our take home pay would be $10,800 a month if I take contract job and $8,800 if i stay. My manager needs an answer today.
Is the added risk of a contract worth $2,000 a month? I'm leaning towards yes it's better, but not sure.
Any super quick help here would be appreciated. Thank you!