Confused! RSUs vs. Base Salary Hike
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I'm on the verge of jumping ships from a Fortune 500 firm where I've been working for 10 years to another Fortune 500 firm in a different industry. The role and org at the new firm seem better. Also, my present role at the current firm doesn't excite me much now.
At the firm I work at currently, the current RSUs that vest for me every year are worth as much as the base salary. Having been a top performer, I was granted RSUs every year in the past eight years, which is a feat in itself. My annual RSUs are worth 100% of the base package at the current market price of the stock (not the price at which the stocks were initially granted to me). This company's stock has simply exploded over the past couple of years; it is one of those rare meteoric success stories. Even from the present level, which is 10X the stock price five years ago, the stock could triple in value in five years, analysts say. I also have a hugely profitable ESPP plan at the current firm, which is benefiting from the stock price rise.
I may be granted RSUs in the future, but there is no guarantee. Additionally, given the current stock price, the firm is expected to go tight-fisted with stock grants this year. Also, last year, my role was shuffled into a new non-engineering org that is known to grant way fewer stock grants when compared to the engineering org from where most of my grants so far have come.
The new firm has offered me a 66% hike over the base salary and a ~15% variable annual bonus. In addition, they're also compensating me, through joining and retention bonuses, for the value (as of the date of negotiations) of the unvested RSUs that'll vest for me in the current financial year.
In effect, my total compensation over the next three years might be flat if I make the move. The non-monetary growth seems interesting. The new company, stable as it looks, isn't doing as phenomenally as my current employer, though.
Given a better role in a better org, would you make this move? Please advise.
salary negotiation
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I'm on the verge of jumping ships from a Fortune 500 firm where I've been working for 10 years to another Fortune 500 firm in a different industry. The role and org at the new firm seem better. Also, my present role at the current firm doesn't excite me much now.
At the firm I work at currently, the current RSUs that vest for me every year are worth as much as the base salary. Having been a top performer, I was granted RSUs every year in the past eight years, which is a feat in itself. My annual RSUs are worth 100% of the base package at the current market price of the stock (not the price at which the stocks were initially granted to me). This company's stock has simply exploded over the past couple of years; it is one of those rare meteoric success stories. Even from the present level, which is 10X the stock price five years ago, the stock could triple in value in five years, analysts say. I also have a hugely profitable ESPP plan at the current firm, which is benefiting from the stock price rise.
I may be granted RSUs in the future, but there is no guarantee. Additionally, given the current stock price, the firm is expected to go tight-fisted with stock grants this year. Also, last year, my role was shuffled into a new non-engineering org that is known to grant way fewer stock grants when compared to the engineering org from where most of my grants so far have come.
The new firm has offered me a 66% hike over the base salary and a ~15% variable annual bonus. In addition, they're also compensating me, through joining and retention bonuses, for the value (as of the date of negotiations) of the unvested RSUs that'll vest for me in the current financial year.
In effect, my total compensation over the next three years might be flat if I make the move. The non-monetary growth seems interesting. The new company, stable as it looks, isn't doing as phenomenally as my current employer, though.
Given a better role in a better org, would you make this move? Please advise.
salary negotiation
New contributor
add a comment |Â
up vote
0
down vote
favorite
up vote
0
down vote
favorite
I'm on the verge of jumping ships from a Fortune 500 firm where I've been working for 10 years to another Fortune 500 firm in a different industry. The role and org at the new firm seem better. Also, my present role at the current firm doesn't excite me much now.
At the firm I work at currently, the current RSUs that vest for me every year are worth as much as the base salary. Having been a top performer, I was granted RSUs every year in the past eight years, which is a feat in itself. My annual RSUs are worth 100% of the base package at the current market price of the stock (not the price at which the stocks were initially granted to me). This company's stock has simply exploded over the past couple of years; it is one of those rare meteoric success stories. Even from the present level, which is 10X the stock price five years ago, the stock could triple in value in five years, analysts say. I also have a hugely profitable ESPP plan at the current firm, which is benefiting from the stock price rise.
I may be granted RSUs in the future, but there is no guarantee. Additionally, given the current stock price, the firm is expected to go tight-fisted with stock grants this year. Also, last year, my role was shuffled into a new non-engineering org that is known to grant way fewer stock grants when compared to the engineering org from where most of my grants so far have come.
The new firm has offered me a 66% hike over the base salary and a ~15% variable annual bonus. In addition, they're also compensating me, through joining and retention bonuses, for the value (as of the date of negotiations) of the unvested RSUs that'll vest for me in the current financial year.
In effect, my total compensation over the next three years might be flat if I make the move. The non-monetary growth seems interesting. The new company, stable as it looks, isn't doing as phenomenally as my current employer, though.
Given a better role in a better org, would you make this move? Please advise.
salary negotiation
New contributor
I'm on the verge of jumping ships from a Fortune 500 firm where I've been working for 10 years to another Fortune 500 firm in a different industry. The role and org at the new firm seem better. Also, my present role at the current firm doesn't excite me much now.
At the firm I work at currently, the current RSUs that vest for me every year are worth as much as the base salary. Having been a top performer, I was granted RSUs every year in the past eight years, which is a feat in itself. My annual RSUs are worth 100% of the base package at the current market price of the stock (not the price at which the stocks were initially granted to me). This company's stock has simply exploded over the past couple of years; it is one of those rare meteoric success stories. Even from the present level, which is 10X the stock price five years ago, the stock could triple in value in five years, analysts say. I also have a hugely profitable ESPP plan at the current firm, which is benefiting from the stock price rise.
I may be granted RSUs in the future, but there is no guarantee. Additionally, given the current stock price, the firm is expected to go tight-fisted with stock grants this year. Also, last year, my role was shuffled into a new non-engineering org that is known to grant way fewer stock grants when compared to the engineering org from where most of my grants so far have come.
The new firm has offered me a 66% hike over the base salary and a ~15% variable annual bonus. In addition, they're also compensating me, through joining and retention bonuses, for the value (as of the date of negotiations) of the unvested RSUs that'll vest for me in the current financial year.
In effect, my total compensation over the next three years might be flat if I make the move. The non-monetary growth seems interesting. The new company, stable as it looks, isn't doing as phenomenally as my current employer, though.
Given a better role in a better org, would you make this move? Please advise.
salary negotiation
salary negotiation
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