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Official Pit Job Search/Employment Thread

That is probably the simplest direct answer. Seems like you personally like your boss and can come up with plenty of he is so busy he probably doesn't know, he's crazy eccentric he doesn't know, he definitely knows. He holds all the leverage because you have an unwillingness to leave. Look for other jobs, apply, get one and use it to justify higher pay if you truly want to stay where you are. If they don't adjust then leave for the new job, maybe you find it's way better anyways. If you are worried about recommendation for future applications after being there so long if your boss doesn't give you a good one then he is an asshole. If that happens I'll write you one just because your are a Deac.
 
Haha yeah. I've said a hundred times that if this were Wells Fargo or something I'd just be like "it's business" and do what's best for myself. The fact that we're all so close-knit makes it tough. I'm probably too loyal for my own good. I'm asking around about other jobs now... tough to find someone to hire on a 9-10 month basis.
 
You are too loyal. That's a big problem in academia.

If you're planning on applying for PhD programs, go ahead and do it now.
 
PhDeac said:
You are too loyal. That's a big problem in academia.

If you're planning on applying for PhD programs, go ahead and do it now.
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Yep, I've started applications. Wanted to stick around at least until they were in (December 1) as my boss has friends at these institutions that could help. And he's been invested in getting me the kind of experience and connections to get to where I want to go. I'd just rather not enter a PhD program in worse financial standing than when I graduated from my masters, which is pretty much the case.
 
Stepping into a PhD program would give you a clean break and help you maintain the connections and access to data you'll need to get some first author publications out.

If you want to go back and work for that boss, he'll have to hire you at a higher rate.
 
PhDeac said:
Stepping into a PhD program would give you a clean break and help you maintain the connections and access to data you'll need to get some first author publications out.

If you want to go back and work for that boss, he'll have to hire you at a higher rate.
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Publishing hasn't been a problem at least. It's really just work stress and compensation.
 
ipitytheblue said:
Haha yeah. I've said a hundred times that if this were Wells Fargo or something I'd just be like "it's business" and do what's best for myself. The fact that we're all so close-knit makes it tough. I'm probably too loyal for my own good. I'm asking around about other jobs now... tough to find someone to hire on a 9-10 month basis.
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No one needs to know you'll only be there for 9-10 months when you are applying.
 
Somewhat odd situation arising that I've never encountered before. Working at a fairly large financial institution currently to expand various product/service offerings to our customers. Have been working with a prospective start-up company as a vendor/marketing partner that just raised a large 2nd round of seed funding.

Their CEO/co-founder is my contact and seems to be a great guy who really likes me, and keeps talking about how he needs to hire 10-12 good people, as the business is blowing up. I'm a bit disengaged at work, as I've been here for 6+ years, and really don't have the support - staff, capital, development resources, etc - I need to make my initiative a success. CEO knows this, and it's severely delaying moving forward with our partnership, so we share the same frustration.

I call him up last week and float the idea of me working for his company. He's "floored and flattered" and thinks it would be a great fit, but is concerned about torpedoing the deal with my current company (would almost assuredly prevent him from hiring me). He'll be in town next week, and we're going to brainstorm over coffee/beers how to make it work.

Any thoughts from board experts who may have encountered such a situation on how to proceed? Also, would appreciate recs on how to negotiate comp, potential equity(?) in this situation. I'll very likely have to forfeit my current 10% YE bonus paid out in March.
 
I'd say just appreciate the sensitivity of the issue for the start-up. I had a very similar situation with two different start-ups but neither could proceed. Especially for early stage companies, the last thing they want is the reputation that that they hire away talent from their customers.
 
just found out that the req for an internal position I was up for got canceled. felt really good about that one.

fuck.
 
Anyone had any luck renegotiating commission into a higher base? My comp is currently 70% base and 30% commission based on hitting a sales goal per quarter (it's extremely achievable and I'm not worried about missing any) but the commission is taxed out my ass compared to the base. I think last quarter my take home on the commission was something like 52% after taxes. Is tax rate a fair argument when negotiating in a yearly review? I'm planning to counter with the same ending total just trying to shift as much of the commission into the base as possible simply for the tax break but not sure if they'll go for that or not.
 
AnonymousDeac said:
I'd say just appreciate the sensitivity of the issue for the start-up. I had a very similar situation with two different start-ups but neither could proceed. Especially for early stage companies, the last thing they want is the reputation that that they hire away talent from their customers.
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Yep, although we're not customers yet, and already went with another software platform that they were trying to offer us, after leading them on for over a year. The service platform we're continuing to pursue with them is awesome, and they've already had multiple larger financial institutions sign on. Yet it's still in a compliance/legal quagmire, and has also been pending for well over a year - incredibly frustrating for me and the start-up CEO.
 
Screamindemon3 said:
Anyone had any luck renegotiating commission into a higher base? My comp is currently 70% base and 30% commission based on hitting a sales goal per quarter (it's extremely achievable and I'm not worried about missing any) but the commission is taxed out my ass compared to the base. I think last quarter my take home on the commission was something like 52% after taxes. Is tax rate a fair argument when negotiating in a yearly review? I'm planning to counter with the same ending total just trying to shift as much of the commission into the base as possible simply for the tax break but not sure if they'll go for that or not.
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Small company or large? For larger companies would think that this is unlikely to be feasible because they'll be focused on consistent administration and fairness. For small company it might be a different story. Can you overachieve on your incentive (30%) pay? If so, keep in mind that you might be losing bonus leverage by trying to increase your base at the expense of incentive pay. May or may not be enough to offset the tax implications.
 
WFUPH said:
Small company or large? For larger companies would think that this is unlikely to be feasible because they'll be focused on consistent administration and fairness. For small company it might be a different story. Can you overachieve on your incentive (30%) pay? If so, keep in mind that you might be losing bonus leverage by trying to increase your base at the expense of incentive pay. May or may not be enough to offset the tax implications.
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Small company, I report directly to CIO but the CEO will be in the meeting as well. The commission is one time payout per quarter and does not scale, just have to be above the floor set for that quarter to qualify.
 
If it's withheld higher from your commission aren't you just getting it back in a higher tax refund?
 
That's possible, I've only been on this pay structure since June so that could very well be the case and I'm unaware
 
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