Chewy
07-06-2009, 10:14 PM
Greetings!
My path to whittling down my work week is a bit different than what was outlined in the book until I can do enough research to try out an online-based muse. In the meantime, I have been using some of the techniques outlined in Tim's book to successfully negotiate a shorter work-week. Perhaps you can help me on my quest to joining the New Rich!
Here is my plan:
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Background:
I am an electrical engineer and have been working only a year at my current job (just graduated college last year). I am bored to tears with work and while I am not an expert, I feel that I have rode about 80% of the learning curve of my particular job. I am able to accomplish my projects quicker than the projected/allotted time with a relatively small amount of assistance considering my experience level.
The Money:
My company will be contracting ($700M) about twice the amount of internally accomplished work ($300M). Currently, my boss (among others) are displeased with the consultant's quality of work but due to limited internal resources and strategic objectives of the company, we are left with little options. A new group is being organized this month to solely handle consultant work since currently our engineers are having to correct and assist consultants with contracted work (in addition to our workload), eating up a lot of time and money. I am currently paid $35/hour to work (our department bills corporate $100/hr for our engineering work). Consultants bill our company $400-$450/hr. I can outsource to an overseas engineer with 10+ years of experience in my particular niche for $20-25/hr. I can hire drafters just handle drawings for around $10/hr. There is definitely money to be made in this.
Getting the Job:
The trick here is ensuring I can get jobs contracted before I quit. How do I sell my services to my (soon to be Ex) employer but with my limited resume? Enlisting the help of my outsourced engineers and highlighting there experience seems to be the key. Is this kosher? Legal? Ethical? They will be the ones doing the actual engineering while I will just sort of advise them on the particular way our client does work (there are engineering standards, etc., all minor details). I will also fit into this picture by obtaining jobs and allocating resources, and serve as liaison with our client's consultant group.
Thoughts? Comments? There will be significant time invested on my part but with clear planning and good goals I already see how I can remove myself from the information flow and still ensure the cogs are all spinning. Thanks in advance!
My path to whittling down my work week is a bit different than what was outlined in the book until I can do enough research to try out an online-based muse. In the meantime, I have been using some of the techniques outlined in Tim's book to successfully negotiate a shorter work-week. Perhaps you can help me on my quest to joining the New Rich!
Here is my plan:
------------------
Background:
I am an electrical engineer and have been working only a year at my current job (just graduated college last year). I am bored to tears with work and while I am not an expert, I feel that I have rode about 80% of the learning curve of my particular job. I am able to accomplish my projects quicker than the projected/allotted time with a relatively small amount of assistance considering my experience level.
The Money:
My company will be contracting ($700M) about twice the amount of internally accomplished work ($300M). Currently, my boss (among others) are displeased with the consultant's quality of work but due to limited internal resources and strategic objectives of the company, we are left with little options. A new group is being organized this month to solely handle consultant work since currently our engineers are having to correct and assist consultants with contracted work (in addition to our workload), eating up a lot of time and money. I am currently paid $35/hour to work (our department bills corporate $100/hr for our engineering work). Consultants bill our company $400-$450/hr. I can outsource to an overseas engineer with 10+ years of experience in my particular niche for $20-25/hr. I can hire drafters just handle drawings for around $10/hr. There is definitely money to be made in this.
Getting the Job:
The trick here is ensuring I can get jobs contracted before I quit. How do I sell my services to my (soon to be Ex) employer but with my limited resume? Enlisting the help of my outsourced engineers and highlighting there experience seems to be the key. Is this kosher? Legal? Ethical? They will be the ones doing the actual engineering while I will just sort of advise them on the particular way our client does work (there are engineering standards, etc., all minor details). I will also fit into this picture by obtaining jobs and allocating resources, and serve as liaison with our client's consultant group.
Thoughts? Comments? There will be significant time invested on my part but with clear planning and good goals I already see how I can remove myself from the information flow and still ensure the cogs are all spinning. Thanks in advance!