Google L3 compensation
I recently got offer from google and got 130k base and 200k stocks. Recruiter told me that I can get higher base with lower stocks - 135k base 180k stocks. So basically I will get paid the same but structure will change. What should I chose higher base pay or higher stock?
Don’t you get more with higher base since that’s what your bonus is based off?
Take higher base. Their stock is anyways stagnant in recent years.
Not sure if this is true, can someone from Google clarify?
TC is the same, just depends on your needs. Get to the base that you need each year, then add the extra comp details (RSUs, sign on, annual) for any upcoming investment goals.
I'm maybe dumb but how is 130k + 200k equal to 135k + 180k? Is that over four years or something?
130 +200/4 == 135 +180/4
Should consider bonus in there as well. Google is 15% target bonus so 130*1.15 + 200/4 = 199.5 vs 135*1.15 + 180/4 = 200.25. Not the exact same but similar enough numbers. Also maybe worth considering that good performance can lead to higher bonus percentage (and the opposite is true as well).
Thanks @Expedia! @WaterGun, annual bonus has many factors and can have a huge variance. If you start adding in inflation, spot bonus, 401K, PTO, taxes, etc there are other factors that impact total take home. The goal is to figure out, what is your annual earning, spending, and investing power. Ideally you would base this on your base salary. Think of bonuses and RSUs as extra money for xyz.
Google stock could be at its peak. I would choose higher base. Do take bonus into account which is 15% of base. If you apply for a mortgage, the lender may or may not take RSUs into account.
Yoe ?? Competing offer??
Around 1.5 yoe and no competing offers