If faced with that situation, which would you choose. The contract job is for a period of one year renewable based on perfomance. State reasons for your choice pls.

Calculate the present value of an N80,000 annuity for 12 months using the prevailing deposit rate. Using the result, calculate the number of months it'll take to achieve the same on a N40,000 annuity. Your answer will be obvious after.

80K, No time.

Reason: I love to take risk...

I will surely go for the 80k job. Because nothing is actually permanent.

Sammy107_d: Calculate the present value of an N80,000 annuity for 12 months using the prevailing deposit rate. Using the result, calculate the number of months it'll take to achieve the same on a N40,000 annuity. Your answer will be obvious after.

Too much economics..

^^^^^^ abi o, infact three much economics.

Simply put, there isn't any such thing like a "permanent" job. Your azz can get fired at anytime. So get the best you can from any job you take.

I would rather go for the 80k monthly contract job.

As a permanent role, it should come with bonuses.. No?

If no, then contract role for sure! the one year experience is priceless

acidosis™:

Too much economics..

Let me break it down. He says if 80 x 12 = X, then X = 40 x 24

Sammy107_d: Calculate the present value of an N80,000 annuity for 12 months using the prevailing deposit rate. Using the result, calculate the number of months it'll take to achieve the same on a N40,000 annuity. Your answer will be obvious after.

With 80k a month in a yr u will make 960k with 40k a month in a yr u make 480k. Thats a 480thousand naira difference. It will take u an extra year to make what you make with the 80k job. Are u willing to forfeit a years worth of money for job safety? Your answer to that question will answer ur initial question.

Give me any one and I will gladly take it. No time to make choices. Boys aint smilling.

i will go for the 80k, if anything happen at the end of the year that my contract is not renew. atleast i have already 1 year payment assuming i choice to be paying 40k at start while i hope to get a better job within the 1 year free payment. note no condition is permanent.

ok

Let me break it down. He says if 80 x 12 = X, then X = 40 x 24

u really avent said anytin

Don't be deceived. 40K "permanent" job is NOT permanent. Just for for the 80K

jacobscros: With 80k a month in a yr u will make 960k with 40k a month in a yr u make 480k. Thats a 480thousand naira difference. It will take u an extra year to make what you make with the 80k job. Are u willing to forfeit a years worth of money for job safety? Your answer to that question will answer ur initial question.

50 likes

80k contract I beg, if you know your way, it will be renewed at expiry. 40k is just rubbish and know you can be sacked or retrenched for whatever reason.

Go for the 40k job. Been in your exact shoes before.

Sammy107_d: Calculate the present value of an N80,000 annuity for 12 months using the prevailing deposit rate. Using the result, calculate the number of months it'll take to achieve the same on a N40,000 annuity. Your answer will be obvious after.

present value, annuity, deposit rate !!!! Kilode ke! Ontop the advice wey d guy dey ask!Dude,take it easy now! the Op may be a science student! How on earth do you expect him to understand what u just posted. Not everyone is an economist,accountant or financial expert! O ga o

80k contract job, continue hustling and looking for other alternatives. shikena

its 80k for contract job which can be 3 months more or less after contract no more work or 40k always work

tendercharles: Let me break it down. He says if 80 x 12 = X, then X = 40 x 24

u really avent said anytin

Billyonaire: Let me break it down. He says if 80 x 12 = X, then X = 40 x 24

too much math

In as much it is tempting to go for the contract job, but if am in that situation, I will go for permanent 40k. Reasons being, I bellieve the permanent one will give you a career path, the pay are bound to increase with time, you are in better position to make a long term plan. Working as a young person is not just about earning but learning.

One year experience is a booster....! Besides i'd like to be judged according to my performance not do som job where my effect will be of little importance..... 80k

I will surely go for the 80k salary

No job is permanent. Go for the 80k job.

blink182: 80k contract I beg, if you know your way, it will be renewed at expiry. 40k is just rubbish and know you can be sacked or retrenched for whatever reason.

Exactly.

80k job in actual sense is paying you for two years, but if you are not sure of yoursef take the 40k job since the contract renewal is performance driven. Hustling things no join at all.

Where's the 80k job? I'm interested.

To a typical Nigerian, its all about the money but I believe what should go first is to find out which of the job will give you satisfaction and a strong career path. From the least salary you can comb a beta paying job due to the career life. I might be tempted to go 4 the 80k job but the best should be the career defining job.

Ifs its me i wont choose anyoone....i will come back to nairaland when i get 250k monthly