shares
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- elpaso
anyone ever asked for shares as part of a wage rise?
how does that work?
- hedge0
Do you mean equity of the company you work for?
- yeahelpaso
- i thinkelpaso
- that would be funny if it was shares of another companyninjasavant
- not if yours was tankingmjg
- hahaha yeah.. i'll take some shares on OmniCom as part of my raise..elpaso
- I don't think a tanking company would be in the position to be handing out raises to begin with.ninjasavant
- ninjasavant0
Since your raise has already been budgeted you may have to take a lower dollar amount to account for the cost of the shares.
- ninjasavant0
Oh, you're asking for a raise? This isn't something already set to go?
- IBM just reviews it yearly so I don't generally have to ask. I either get one in June or I don't.ninjasavant
- hedge0
If it's an option for you, take it. It's a win-win situation. The company benefits by providing incentive for the employee to be productive and the employee gets benefits that are directly proportional to the fruits of his labor.
- elpaso0
wage review in the pipeline - i'd hate to think it's already been decided what it will be
- but then i guess it's naive to think i can walk in and make a suggestion (?)
- Does your HR dept keep its raise policy somewhere employees can review it? You may find info there.ninjasavant
- Put it to them the way I put it to you. It'll work.hedge
- elpaso0
yeah but how does it work..
i ask for 'n' and i'll get 'n' X turnover ?
what is x?? ie i'm obviously not gonna do a dragon's den and come out with 15%..
so if the company makes a loss do I have to shell out for it?
- utopian10
My personal experience as well as a vast pool of friends who have been given shares, stocks and or equity within a start-up or company that is not publicly traded has been a a complete waste up time and money. Take the additional salary unless it is like a Google type of company. Don't be suckered!
- hedge0
Well, utopian has a point. In all realism, how long do you see yourself working there? Do you really feel the company has the potential to grow? All are factors to first consider.
- ninjasavant0
If it were me, I'd just go to my manager and ask him/her what the policy was on that sort of thing and if it was something you could work out for your salary plan. Whats the worse that could happen? Their job is to represent the liasion between your interests and the company's interests. Just asking about it could either result in nothing or something, I don't think there'd be any negative outcome. But thats just my take.
- elpaso0
*scratches chin* hmmmm true...
i guess they would be void once i left..
- they shouldnt if its publicly traded. Stock is yours regardless. But leaving would negate your performance contribution.ninjasavant
- contribution.ninjasavant
- elpaso0
cool
thanks yo.i shall now hope that i just get mondo $$$$$ regardless of shares haha :)
- hedge0
They won't necessarily be void if you leave. Look at it this way. You'd be buying a portion of ownership of said company. Say you were offered 5% equity ownership. If the company you work for is privately held, not everybody is able to buy shares. Let's say the company gets bought out and they go public and become listed on the NYSE. Chances are the stock price, marked-to-market, will be higher than when you bought in. Should you decide to sell at that point, you'd make a nice profit.
Many different scenarios could play out, however.
- rocknonstop0
If you're in a position where you're directly responsible for bringing in new clients (making the company more $$$) and you want to put together a plan to do that then by all means, ask for rewards based on money you're bringing in.
If you're relying on the people above you to keep the company expanding and you have no clue as to what plans are in place to do that (or if there even are any), I'd just ask for the money up front.
- elpaso0
yeah i think since i'm not in a position to call any vital shots - it might not be worth it + th elife of start ups is a wee fickle (but there is deffo potential!)
fuck it eh... it was suggested to me given the MASSIVE growth of the studio over the past year.
but I'm picking my battles right now.
- chossy0
Are you likely to stay?. Is the company looking good for the future?. Do you think the owner or owners of the company would ever sell it or would they run it into the ground. If you think they would sell it go for the shares, normally 18 months is the time you need to stay for after you get shares and if you leave after that you get to keep them. Make for damn sure the shares are bought at todays value.
- ukit0
What kind of company is it? Design?
- elpaso0
i guess what i was wondering is whether i would get a massive bonus at the end of the year (yea shareholders payout) or would only redeem it when i sold them.
- chossy0
You really would only get anything if the company is sold, and 5% is utterly out of range if you ask me there really is no way you would get that unless the company is like 5 people, think will the boss sell it or won't he or she?.... I had shares in my old work but I know my old boss would never sell it he would run it into the ground. I left about 8 months ago and the shares went I didn't take them with me.
- 'didn't take them with you'? Did you give them back?ribit