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by beingmyself2
3164 days ago
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> The reason I give a range is because salary is only a SMALL part of your compensation package I wish people would stop perpetuating this myth. Bonus is discretionary (meaning they can give you $0) while salary is not. Salary is a BIG part of your compensation package because that is the primary reason people work. Most would work for salary without medical but not the other way around. Claiming salary is small potatoes is just one of the more insidious things companies and their agents will spit at you to justify paying you less.
Don't fall for it! |
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It is not a myth. If the company pays out then you make more money. It isn't GUARANTEED salary but neither is stock. Sure it's not worth every dollar they say you might get but it does have a value based on the history of the Company. I've done very well for myself going with a slightly lower salary and accepting a 2x1 ratio on the bonus. I.E. If they offer 100K. I'll accept 90K and a 20K bonus (this advice very much depends on the company). If the company has a history of giving out their minimum bonus every year then you're probably OK. If it's a startup that ratio would go up. 3x1 or 4x1. It's more of a risk so don't take it all on yourself.
Medical can be up 500 per month per person in your family for a fully covered company. 401K can also be a great tool as well.
This is 100% why I suggest giving a range of salaries. Take the bonus at what it's worth to you. Just like stock. It is not a 1 to 1 relationship but it does add value. If you just assume you make what you get in your salary you aren't doing the real math of evaluating what you are really worth.
For that matter factor in commute too! It's time you are away from home.