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Originally Posted by goofyballer
My company moved recently-ish to doing yearly reviews & pay adjustments, and just found out today I'd be getting a raise of ~10% this year. Which is nice and all, but I didn't get much of a raise last year, and if you annualize my pay increases over the time I've been at this company it's gone up about 8% per year, and I'm a senior developer (been doing this 10 years now) not making close to the kinds of money the Google guy is talking about in that video - my base salary is, but lol at the bonuses or massive stock grants that he talks about. (thanks for posting Wolfram) (at a "startup" that's grown from 80 to 200 employees during my time here, so I have options, but they're still not worth much and who knows if they ever will, I'd def be happier with ca$h/liquid stock)
Quote:
Originally Posted by goofyballer
Sat across from one of our co-founders today who said point blank "we can't lose you" in response to ongoing discussions I've been having about dissatisfaction with my compensation level (and in which I've expressed a desire to test the market if they can't compete more closely with other players, but also expressed that I want to stay if we can work that issue out). Feels good!
I think we're talking again in a couple weeks when he can come up with a concrete proposal/adjustment.
The whole process took a couple months, but update: got a ~14% raise on top of the ~10% raise I got earlier in the year, so combining the two, my salary went up 25% this year. It's still not quite Google money, but for not having to go through the dystopian nightmare of interviewing to make it happen, I think it's a pretty decent result.
It is also noteworthy that the two largest raises I've received now at this job (percentage-wise) have both come as a result of specifically asking/pushing for them.
I also learned that, though still not liquid, my options might be worth more than I thought, I guess based on weird private company valuation stuff - like, investors agree to invest at a valuation of X per share, so theoretically that's what my options are "worth" if they were convertible to shares at the price investors have paid/would pay for them, but the
strike price of my options are based on the 409A valuation or something, which is like a fraction of X per share? Obviously with public companies, there aren't separate measures of valuation because the share price is the share price, so this private company **** is confusing.