Update: I signed! Thanks for your opinions, everyone. Hey everyone, Recently got an offer from PP. I have 7 YOE as a UX Designer, in San Francisco. This seems like a great offer to me, but wanted to ask Blind. Offer details: Senior UX Designer role 180k Base $112,500 worth of RSUs over 3 year vesting schedule ($37.5k / year) Additional refreshers available every year 10% Bonus (5% performance based, 5% company performance based, potentially more) No sign on bonus TC = $217,500 / year. At first I thought they were giving me 112,500 RSUs, not a value of $112,500 RSUs...but unfortunately, that was too good to be true! Let me know what you all think about this. I have only 3 days till it explodes.
Nice offer!
Thanks for taking the time to evaluate
If you have not negotiated yet and it seems like a good offer, you may want to try negotiating a sign-on. That is unless PP has a overarching policy of no sign ons.
I was certainly thinking about this. It already took them two weeks to put this offer letter together though, since the hiring manager is awfully hard to get a hold of due ti lots of traveling. Would you still pursue that regardless? Do you think it could hurt?
Ask for more RSUs if you have to, sign on last. They have a comp team that your recruiter works with, I don't believe your HM needs to be available for comp determination.
Negotiating should never hurt and you should negotiate, worst case they will be firm, which can be a good thing. They do sign ons for eng roles, so no reason they won't for other roles.
Pretty good offer. I signed my offer with PayPal 2 weeks bk. Senior SWE role in SJ office. DM me for more details.
Congratulations for a solid offer. Refreshers are pretty good at PP if you are performing well. Also ESPP price is fixed for 2 years which means the price you pay for PP stock would be much lower compared to market price. If the stock goes up you would be making a lot more than the 15% discount you get on ESPPs.
The recruiter told me they buy the ESPP stocks 2 times in a year - sometime in Oct, n then in April. I didn’t know they lock the ESPP price at a certain price (85% of current stock price) if I sign up for ESPP today and the company will buy at that price locked in Oct n Nov. could you elaborate more if I am getting you correct ?
Right. You will enroll in the next cycle. Your price will be the price on the starting date. That gets fixed for next 2 years from there. Don’t miss this opportunity to enroll. Invest max potential allowed. It’s the same model in my company too. At one point my rate was fixed at $39 and stock price was $130. I got stocks at $39 for 2 cycles. Imagine the gain...kinda hidden compensation.
Your TC computation is wrong
I didnt include bonus % because I'm not certain what that actually will be other than around 10%.
Based where?
Added to OP. San Francisco.