What’s the point of a guaranteed set bonus? Why not just make his base higher? |
This is the first PP…I think it’s probably a retention tactic. |
A capped GS-15 isn’t far off from that when you consider the pension benefits. |
They absolutely are. Many have a small base and the rest is variable stuff like bonuses (dependent on company and persona performance, never guaranteed), RSUs (have several years until they're vested, value is not guaranteed), etc. |
That depends. I work for a non-profit for 250K with an annual bonus of 50K. I also receive a 6% 403b contribution with 100% matching (vs. 5% in the Fed), much better health and dental benefits. I also receive a 1.5% pension for every year of service (vs. 1% in the Fed). In my case, the nonprofit sector is much better than the Fed. |
DP - that's great, but also extremely rare, as you likely know. Very few non-governmental employers offer pensions anymore - and most non-profits don't pay that well, either. So if you work for a non-profit unicorn, it may be better than a capped GS-15, but you also have to get that unicorn job in the first place. |
Those unicorn nonprofit jobs tend to be in two places…associations and trade unions. Preferably ones with a stable source hefty recurring or mandatory dues revenue and lobbying activities. |
I’ve pulled up my association’s tax forms and I’ve seen the Execs make 200-380k and CEO around 500-600k. And most of our execs wouldn’t make it in the corporate world |
Do you have kids? Do you have a SAHP? I'm tired just reading what you do! |
I am a fed and the pension benefits are on top of that. |
University jobs offer things like this. |
What did you study? Where did you go to school? That largely determines this. |
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You get paid a lot to do things others don’t want to do if you are good at it.
Sales Long work hours Travel Public speaking Stressful Crisis situation Hired Gun situation Jobs that no one wants to do Working at companies that are not ethical Getting companies out of trouble Jobs you know you will be fired from before you take it. I am there to get paid. I interviewed at Juul for a senior mgt position for instance, I traveled to 26 states and 7 counties for work, worked 60 hour work weeks months on end, spoke at conferences up to 800 people, sold millions in sales, worked private equity, start ups, crypto, takeovers and regulatory issues. Any hot thing cyber Jump on bandwagon The uglier and harder the better. That’s the real secret to high pay. |
I realized changing jobs can lead to better comp 5 years ago. While it has worked for me $ wise, changing jobs didn’t lead to meaningful title progression. Can you share how to navigate that? I am also a short, young looking minority woman. |
They are not rare, very common in nonprofit. |