Just got an offer, decent but…

[Anonymous]

What do you do? What is your profession

[Anonymous]

Op here. Current position isn’t great-no support and no guarantee to make a big bonus again next year. Job wasn’t what was promised.

Current job:
200k salary + 150k bonus (with no guarantee of such a huge bonus next year, may likely be 30k with no stock option)
Been at company almost 5 years

New job offer:
250k salary + (do I ask for 300k?)
40-65k bonus cash
25k-40k company stock
Same VP title as I have now. Different position but executive level which I don’t have now.

[Anonymous]

Go for it!

[Anonymous]

Tell them you need 300k salary, I probably would leave for 275k salary here but always ask for higher.

[Anonymous]

Anonymous wrote:What do you do? What is your profession

Must be finance of some sort. I think I would lean towards taking it

[Anonymous]

Given the current state of things, you need to carefully assess risk of each job especially if this is tech or similar. Even more so because you’re a single parent.

[Anonymous]

Anonymous wrote:Given the current state of things, you need to carefully assess risk of each job especially if this is tech or similar. Even more so because you’re a single parent.

Yes. This!

[Anonymous]

Single mother but the breadwinner, wtf does that mean

[Anonymous]

This sounds like a lateral move with a lot of uncertainty in the equity. TC is 315-355 versus 300-350 now. I would expect more like 330-400 to move. You could get that by upping the salary to 280-300 and/or more bonus or equity. You are in a good position to negotiate. Is the bonus % of salary or set to a dollar target or other? Does the recruiter know your current comp? It’s perfectly reasonable to tell them this just isn’t an increase from your current position enough to justify the risk of the new position.

Changing jobs is the best chance you have at a salary/comp increase.

[Anonymous]

Anonymous wrote:This sounds like a lateral move with a lot of uncertainty in the equity. TC is 315-355 versus 300-350 now. I would expect more like 330-400 to move. You could get that by upping the salary to 280-300 and/or more bonus or equity. You are in a good position to negotiate. Is the bonus % of salary or set to a dollar target or other? Does the recruiter know your current comp? It’s perfectly reasonable to tell them this just isn’t an increase from your current position enough to justify the risk of the new position.

Changing jobs is the best chance you have at a salary/comp increase.

Thank you. This is good advice.

[Anonymous]

I'm assuming you're getting a 3 year guarantee for what seems like a lateral move. That's what I negotiated for a SVP position in 2020.

[Anonymous]

You need to do your research and figure out what is considered market for your position and industry.

[Anonymous]

Anonymous wrote:I'm assuming you're getting a 3 year guarantee for what seems like a lateral move. That's what I negotiated for a SVP position in 2020.

Yes. They are giving me just what I have today and nothing more. I need more to justify a move