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How bad of an idea is this proposal to my manager?
(kbin.social)
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this post was submitted on 19 Jul 2023
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Antiwork/Work Reform
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A community for those who want to end work, are curious about ending work, want to get the most out of a work-free life, want more information on anti-work ideas and want personal help with their own jobs/work-related struggles.
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Date Created: June 15, 2023
Date Updated: July 17, 2023
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Essential Reads
Start here! These are probably the most talked-about essays on the topic.
- The Abolition of Work by Bob Black (1985) | listen
- On the Phenomenon of Bullshit Jobs by David Graeber (2013) | listen
- In Praise of Idleness by Bertrand Russell (1932) | listen
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What's average across similar positions in your metro area is less important than how your salary compares with other people in your company, with similar positions and experience. This can be extremely hard to compare, since many positions are slightly different, and people come with all kinds of different experience levels. But what you can do is talk to other comparable people about your and their compensation. In the US, this is not only protected by law, but if your company instructs you not to discuss compensation, they can be in trouble. Point being here, unless you are comparing your compensation to the compensation or similar positions in the same company, sexism cannot be shown to be the reason for your salary.
Care about those, they are part of your total compensation. In case you don't know how stock options work, it means that you are allowed to buy a specified number of shares at the "strike price," which is the price of the stock when the options were issued. Depending on how many of these you received, and how the company stock price performs in the future, stock options can be extremely valuable ... or completely worthless. However, the fact that we're talking about a publicly traded company means that you're far less likely to run into trouble with my previous suggestion about discussing compensation.
It's 17% less than people in my company in the exact same role and position. I can see it on the pay scale they published themselves. Everyone agrees I deserve the average salary including my manager and our VP, I got fucked over. Thanks for showing up to tell me sexism isn't real though and I just made it up.
I don't care about them because it's a start up and who knows when they will actually be worth anything, plus I have to vest them forever . They are worth $0
Lmao, allowed to buy something as compensation
If you receive 100 options at a strike price of $10, and you exercise those options when the strike price is $20, you now have $2000 worth of stock. And such transactions are often handled all at once - exercise the options, and sell the acquired stock in the same trade. In the above example, those 100 options are then worth $1000 cash to you.
Of course, if the stock price declines below the strike price of the options, you wouldn't exercise them. I believe you could sell the options themselves, maybe? But you would not get very much money for them in that case.