The Wednesday Wellness threads are meant to encourage users to ask for and provide advice and motivation to improve their lives. It isn't intended as a 'containment thread' and any content which could go here could instead be posted in its own thread. You could post:
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Requests for advice and / or encouragement. On basically any topic and for any scale of problem.
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Updates to let us know how you are doing. This provides valuable feedback on past advice / encouragement and will hopefully make people feel a little more motivated to follow through. If you want to be reminded to post your update, see the post titled 'update reminders', below.
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Advice. This can be in response to a request for advice or just something that you think could be generally useful for many people here.
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Encouragement. Probably best directed at specific users, but if you feel like just encouraging people in general I don't think anyone is going to object. I don't think I really need to say this, but just to be clear; encouragement should have a generally positive tone and not shame people (if people feel that shame might be an effective tool for motivating people, please discuss this so we can form a group consensus on how to use it rather than just trying it).
Jump in the discussion.
No email address required.
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Consider this: your comp went down, because of a double whammy of cliff and stock market crash. You should now be in a steady state, with each annual refresher replacing the previous expiring one. You expect your compensation to go back up, because you expect the stock market to come back up. But that means that you will make much more if you switch companies now. Here is why:
When you were getting refreshers for past 4 years, the amount was determined by assigning some cash value to it, and then dividing by the current (at the time) stock price to get the number of shares. For example, if you were making $140k in base, and the company wanted you to make $160k a year in stock. Assume the stock price is $100. In a steady state, you have stock vesting from four refreshers, so each refresher should provide a quarter of $160k, ie $40k. Thus, they take $40k, multiply by four year to get the total value over four years to get $160k, and then divide by stock price of $100 to get 1600 stock units as a refresher size.
Now, in the steady state, if the stock suddenly jumps from $100 to $200, your comp is now $140k + 2*$160k = $460k, so you’re happy. However, your next refresher will be only 800 stock units. Conversely, if stock falls to $50, your total comp falls to $220k, but next refresher is 3200 units. The point is that if the new stock price is stable, in the next 4 years, your total comp will converge back to $300k, with $160k in stock.
Now here is a thing: if you switch companies right now, your total comp should converge to $300k immediately, because with the big new hire grant you’ll be obtaining, you’ll compress 4 years of refreshers into it. Moreover, if the stock goes back up slowly over time, the new hire grant will be worth more than 4 refreshers, because it will entirely be granted based on the bottom stock price, while the refreshers will be granted at consecutively increasing stock prices.
This also means, by the way, that your current company will likely offer extra out-of-cycle grants to good performers in order to retain them, so that they don’t simply jump ship. They will not announce it publicly, but if you ask for it privately, you might just get it. I recommend first getting a competing offer though.
There is also one thing I forgot to mention: that promo to senior in 2-3 years? You can get it tomorrow if you switch companies, a nice diagonal promotion. Happened to me and many people I know.
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