Hey Bowl,
I work for a late stage(ipo) start up, earlier this year we were acquired & since then they got rid of our yearly bonuses and gave us an ESOP grant.
2 RIFs later we are almost bare bones. Since we are coming up on our usual yearly evaluations many of us assumed (with multiple conversation from our managers) that pay raises and promotions were due.
In a recent All hands we found out that this year there will be no pay raises nor promotions based off merit. Is it time to jump ship?

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Yes, unless you really love what you’re doing (though I’m imagining you’re stretched pretty thin).

Said differently: why would you stay?

likehelpful

Only reasons to stay is how much soft & hard skills I’ve learned along the way, but that will only go so far since potentially no more room of growth in the company

If you enjoy the work, are learning, and believe in the product/company why not negotiate for more stock options/ stock?

helpful

This is a great alternative, I wonder how to bring this up ??

Time to bounce. If they won’t pay you what you’re worth, someone else will.

like

It sounds like salary compensation is a priority to you (and it’s important to know the kind of compensation you prioritize). You can continue to build your skills at other companies, so I wouldn’t let that hold you back from making a change. Making the jump to another company/role can be stressful, but I think it may benefit you in the long term. Personally, I’m not fond of being told by managers that pay increases are on the horizon only to then be told at an “all hands” that no pay increases will happen in the year. I understand that managers don’t get insight into all of the senior leadership decisions, but I’d rather have a one-on-one conversation with my manager about the lack of pay raises once they were made aware.

helpful

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