Don't feel trapped at your current job by money!

Рет қаралды 3,961

Күн бұрын

Unvested stock and other unique compensation can feel like golden handcuffs, locking you to your current job. This video explains why they're not.
Big tech such as Microsoft, Amazon, Google, and Facebook (FAANG) typically give stock as part of the total compensation for software engineers. It's easy to let a big lump of unvested stock keep you from even looking at other jobs. But it shouldn't.
Table of Contents:
00:00 - Introduction
00:57 - Even with unvested stock, you don't have to lose money leaving
01:13 - Compensation model at big tech
04:44 - Unvested stock as golden handcuffs
05:27 - Demand a 10% pay bump
06:01 - Insurance and PTO
07:40 - You have to plan not to lose money
10:29 - Compensation spreadsheet
13:13 - Comparing two jobs
14:40 - It's business, not personal
16:18 - Summing things up...
Image Assets:
Golden Handcuffs PNG from Tatutati on pixabay.com

Пікірлер: 10

@valleyjo7803 2 жыл бұрын

One scenario I’ve seen happen a few times to people I know is that after starting a new job the company stock goes up dramatically. So much so that it would be unreasonable for a new company to give you that same amount of stock if you left your current job. This is what I think of as “golden handcuffs”. In the situation you kind of are “trapped” in your current company unless you want to forfeit a large amount of value.

@TheDeliberateEngineer 2 жыл бұрын

I used to worry a lot about reasonable / unreasonable for salary expectations. but I kept bumping into exceptions. So, I just shrug and say "here's what I'm making and what I have." It's one of the reasons I would quote on the current stock price and NOT on any sort of expected growth. There's a saying for grad school: go to the best school that'll pay for you to go there. I think the same should be true for work: go to the best one that'll pay you 10% more than you're already making, regardless of how unreasonable it is. YMMV :)

@malik641 Жыл бұрын

Thank you for the spreadsheet example, that helped clear things up for me. Plus, the way you set it up is a great way to analyze the offer.

@TheDeliberateEngineer Жыл бұрын

Glad it's helpful, thanks for watching!

@malik641 Жыл бұрын

@@TheDeliberateEngineer you bet 👍Also, have you ever considered creating some kind of coaching service?

@TheDeliberateEngineer Жыл бұрын

@@malik641 Thought about it, but I'm lazy :) thank you for the suggestion!

@handle924 2 жыл бұрын

For stock price used in calculation, stock grant timing could significantly affect the value. What are your thoughts on future prospects of the stock, especially for pre-IPO or stock currently at trough?

@TheDeliberateEngineer 2 жыл бұрын

I've been so bad at predicting stock value & growth that I basically gave up. I consider everything in current dollars at the current price.

@handle924 2 жыл бұрын

Under what circumstances would you consider moving to a job with lower total compensation (non-publicly traded company or company known to be in a lower comp tier)?

@TheDeliberateEngineer 2 жыл бұрын

As long as the money is enough to meaningfully move my savings forward and the benefits are good, then I would consider it for a company that has higher prestige (e.g. from IBM to Google) or where the I felt the project was personally meaningful to me, either because of scope, technology, or its mission.