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BouncyNugget
BouncyNugget
PayPal

Cash Hit

Does taking a hit on cash make sense while switching jobs if overall compensation is 23% higher? The stocks will vest in a year and it is a listed company so I can anyway sell it off and convert it to cash. Also, the stock already had a big decline, thereby I find it a value buy right now rather than a doom story. Basically my basic fixed oay will go down by around 10% although the overall compensation would go up by 23%. Does this math make sense to you guys?

13mo ago
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QuirkyPotato
QuirkyPotato
Freshworks13mo

Don’t go down in cash component. It’s a mistake imo

BouncyNugget
BouncyNugget
PayPal13mo

Why do you say so?

QuirkyPotato
QuirkyPotato
Freshworks13mo

It’s not worth it. Having cash in hand allows you to invest that capital where you want. Also when you shift in future, your negotiations will benefit having maintained your cash component.
But having said that, if it’s an extremely good company / step up role with growth opportunities then the returns from that experience should balance this .

QuirkyMarshmallow
QuirkyMarshmallow
Walmart13mo

I did that mistake once. Never ever again. Only take the option if you like the role and ready to take a paycut even without stocks.

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