How to Calculate Tc
Meaning: TC is how much money (not food, etc) you make per year. Calculation: Add all the following together: 1. Salary 2. Expected bonus 3. Initial equity grant per year (if you get 200k/4 years, add 50k) 4. Signing bonus is the same mind of 1 time grant as the initial equity grant, so treat it the same. Take the total over 4 years and divide it by 4. 5. If you get a stock purchase program with a discount, add that if you want. Not counting signing bonus is stupid - it's better to get money up front than an equity grant over 4 years, and this should be shown in your TC.
401k match + espp should also be included
No we should keep it standard I get both and don’t include those nor signon because inflating my numbers is pathetic
I dont think adding 401k or espp should count because at the end you can decide if enroll or not, if thats the case maybe the free snacks/bananas too?
I get the point OP is trying to make as some companies do offer massive sign-ons first and second year . In that case it makes sense to treat it like equity and add it to your TC
Wow. May be I should write a TC calculator.
How do you take options into account?
((stock price per valuation - strike price) * 40%) * number of units granted per year
But TBH the way unicorns are getting busted I really think they don't worth anything
Good conservative calc is base and RSU each year. State signing separately. Relo is not part of the equation. Stock purchase and discounts should not count. Spending money to save money is not making money.
TC or GTFO
Totally forgot! 260k.
1. Think of a TC that you think you deserve. 2. Announcer said TC on blind. 3. TC calculated.
No, you should not include signing bonus
So if I get an offer for 200k base a d 200k equity over 4 years my TC is 250k. But if I got 200k base and 100k equity and 100k signing bonus you would say my TC is 225k? How does that make any sense at all?
Rsu is expected to be replenished with refreshers whereas signing bonus is a one time deal.