Is negotiating a higher base and lesser bonus hurting me in the future? For example, total comp would be the same but target bonus would go from 15% to 12%

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Always take the higher base

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base is always guaranteed whereas bonus isn't

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As the others have said, always take the higher salary. Bonus isn't guaranteed.

I would go with the higher base especially if the bonuses are discretionary. KPIs and performance metrics can change from year to year.

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