Choosing a Job: What Would You Take

Laugiewaz on 15/12/2022 - 20:35
Last edited 15/12/2022 - 20:48 by 1 other user

Have two potential roles to choose from. What would you choose? Roles are basically the same.
Should point out option 1 is my current role and have been with the company nearly 3 years. Option 2 would be with a new company.

1) $210,000 plus 15% end of year bonus in cash plus $1,000 in stock. Company is well established and stock price is $30
2) $220,000 plus 20% end of year bonus. However, 75% of the bonus is in stock of a smallish company that has been around 5 years and current stock price is $1.30

Thoughts?

Poll Options

  • 67
    Option 1
  • 12
    Option 2
Education & Work

Comments

  • Clear on 15/12/2022 - 20:43
    +4

    Number 1. Then buy a Tesla and Alienware monitor (or a few) to be like every other OzBargainer here.

  • Muzeeb on 15/12/2022 - 20:43
    +27

    Poll?

    • Option 1
    • Option 2
    • Nice flex
    • Troll
    • augiewaz on 15/12/2022 - 20:48

      Poll added

  • solidussnake on 15/12/2022 - 21:00
    +11

    Humble brag troll post

    • augiewaz on 15/12/2022 - 21:01
      -3

      no not a troll post :)

  • vince088 on 15/12/2022 - 21:01

    Option 1: $210,000 + 15% ($31,500) + $1000 stock = $242,500

    Option 2: $220,000 + 20% ($44,000) = $264,000

    if it was me, option 2?

    • bloom on 15/12/2022 - 21:55
      +1

      Yeah but the $31,500 he said is cash
      Because it’s totally normal to drop $30k on an employees desk

    • MrBear on 16/12/2022 - 11:19

      However, 75% of the bonus is in stock of a smallish company

      Option 1 bonus is 100% cash ($31,500) + $1000 stock
      Option 2 bonus is 25% cash ($11,000) + $33,000 stock

      Is cash-in-hand better than fluctuating stock that is problematic to sell (as an employee).

  • ginormousgiraffe on 15/12/2022 - 21:05
    +8

    Stock price doesn't mean anything, market capitalisation means more for company profile.

    • augiewaz on 15/12/2022 - 21:07

      in that case, it is 1,453M

      • djones145 on 15/12/2022 - 21:36
        +3

        JDO
        Judo Capital Holdings Ltd

        any more info on company 1

        30 bucks
        establish company, in Melbourne. guessing NAB?

        any it development managers who want a role for 180k. call hr. I should go into recuitment. I want a slice of the pie thanks

  • coffeeinmyveins on 15/12/2022 - 21:08

    Are either of these companies publicly listed? Are they planning on it?

    Stock in a company that isn't publicly listed means absolutely nothing.

    Honestly, you're the only one that can answer this. if the stock in company A multiplies by 50 when they go public, you're in a better position than if you went with company B and they don't IPO for 5 years.

    • augiewaz on 15/12/2022 - 21:14

      They are both publicly listed.

      • Ghost47 on 15/12/2022 - 21:43

        What are they?

  • iNeed2Pee on 15/12/2022 - 21:09
    +2

    Nice car, what do you do for a living?

    • augiewaz on 15/12/2022 - 21:12
      +2

      IT Development Manager
      btw, I drive a Suzuki Swift

      • iNeed2Pee on 15/12/2022 - 21:14
        +2

        Black Swifts look nice:)

        Either option is a win in my eyes!

      • [Deactivated] on 16/12/2022 - 00:06

        Would you like $210,000 plus 15% or Double it and give it to the next person?

  • John Doh on 15/12/2022 - 21:29
    +4

    After working for a single company for a long time as a developer and coming out, I realised I didnt know shit. Cloud was only a thing in my mind, but now it was very real. Had to learn so many things new and barely knew different architectures or tools as I stayed in the same place too long.

    Its always good to change companies. You learn new tricks, new domains, make new friends, get promotions and you get a little more money. And once you work in multiple companies and multiple teams, you are always ready to tackle new things with confidence. 10 or 20K difference at that salary level, its basically all tax anyway. Considering all this, dont forget work life balance and where the next 2 years of work will lead to.

    • augiewaz on 15/12/2022 - 21:31

      Thanks for that. I think you've just helped me make my decision

    • Ghost47 on 15/12/2022 - 21:45
      +3

      You learn new tricks, new domains, make new friends, get promotions and you get a little more money.

      Unless they go somewhere where the culture sucks and people aren’t friendly.

      • John Doh on 15/12/2022 - 21:49

        That can happen, but as long as its not very bad, it will show you how to deal with such people and become better. Learn a thing or two and quit. The worse thing is to get too comfortable in the current company and if you are not learning anything new.

        • Ghost47 on 15/12/2022 - 21:59

          Easier said than done when working with difficult people, but it’s good to be optimistic. Agreed that you should jump ship once you stop learning and growing.

    • kiitos on 16/12/2022 - 16:30

      I agree with you, I'm in the same position, except still in that single company, seeing new people coming on board and taking about things I haven't experienced.

  • TheMindsetTraveller on 15/12/2022 - 21:30
    +10

    Take neither.

    Bet on yourself. Quit your job, start a Youtube channel where you quit your $200k job to go live life.

  • djones145 on 15/12/2022 - 21:33
    +4

    why not do both

    offshore both to india, two paybchecks, hiring would prolly cost u 100k.

    like free money

    • John Doh on 15/12/2022 - 21:44

      Its all going back to hybrid now. You got to goto office and show your face.

      • djones145 on 15/12/2022 - 21:56
        +3

        show face, work done off shore.
        hire someone else to be you in the other job
        cost, extra 30k

        still free money

        • John Doh on 15/12/2022 - 22:31
          +1

          He says hes an IT development manager. You cant manage people here offshoring it to India.

  • AustriaBargain on 15/12/2022 - 21:57

    Option one, you didn't include a "however" proviso in it so it sounds like your gut is telling you that is the better offer.

  • bobbified on 15/12/2022 - 23:45
    +1

    pfft! I wouldn't tak either of them. What those tightarse companies are offering you is less than the average OzB user salary. Tell them to shove it!

  • ForkSnorter on 16/12/2022 - 06:53
    +1

    How do you get this kind of salary? I’ve been working in a successful, profitable company for 15 years, and only make ~$90k.

    • Ghost47 on 16/12/2022 - 09:30
      +1

      What’s your role? Unless it’s the same role not sure you can compare.

      Also working in the same company doesn’t always result in pay increases.

  • bobwokeup on 16/12/2022 - 12:34
    +1

    Both are good options so for me if I’m still enjoying my current role and can see myself there for the foreseeable future I would stay. It’s always risky starting a new role if you’re happy in your current role. I’m a contractor so I change roles every 6 months to a year depending on the contract.

  • mini2 on 17/12/2022 - 17:56
    +1

    Grass isn't always greener, the devil you know etc etc.

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