Here’s how to Calculate TC
since so many people keep posting, here it is. Base Salary + Annual Bonus + Amount of Stock per year NO sign on NO relocation stipend NO 401K match NO(thing) else Don’t include anything else, this shit ain’t hard ya’ll. (Yes, refreshers are included. Those fall under the third one - amount of stock per year)
So do u want help in calculating ur TC! or GTFO...
Isn't it common knowledge? People are really adding all that extra fluff to their TC?
Exactly smh
Sign on is part of TC
But how do you calculate your GTFO?
It's easy if TC is None your GTFO is 100%
Your TC is every penny your employer pays you in the form of stock or cash. This includes sign on, 401k match and even employer HSA contribution. This is real money you are being paid that you might not get elsewhere.
Then why don't you include insurance money too and make it more complicated
That is called benefits. You don’t know how much your health insurance will pay towards your medical bills. It could be $0 or $1M. But for 401k you know exactly how much that is you are getting
My employer contributes 10% of my base salary to my 401K. That’s free money. I don’t get why you wouldn’t count that towards TC. This 10% is guaranteed unlike an annual bonus (~12%), which can vary due to company performance.
Because you don't get to spend it now.
You can if you are willing to pay the taxes.
If it isn’t on your W2 box 5, you don’t count it. This means you can count your sign on bonus for that year. But you can’t count stuff like 401k match, ESPP gains, etc
Can’t follow your logic. The difference between getting $9500 in 401k company match and getting $0 = $9500 in real money.
401k matches are applicable only if you put in the money. Including it just ends up skewing comparisons between companies.
TC = base_salary + annual_bonus + stocks_per_year + (signon/4) amortize your signon over 4 years
Considering vested stock (with its gain or loss) as part of compensation is bad math. The compensation is the grant, not the value at time of vesting.
This doesn’t work for amazon where sign on is part of your TC to offset 5/15/40/40 vesting schedule.
No, it does. You just don’t include sign on bonus.
You obviously don’t know what TC means then 😂