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TC always
An interesting question - how do most folks interpret “TC”?
Salary + max bonus potential?
Salary + sign-on bonus + max bonus potential?
Salary + sign-on bonus + max bonus potential + 401(k) match?
And of course, things can become more variable/opaque once equity (RSUs/class B vs. class A options/ESPP discounts) and other benefits such as insurance programs become involved.
…can’t forget about the elusive pension plans either for the employers who still offer one.
What do you all think?
I don’t have a good answer for you. I always just go with salary+bonus
But I have friends that factor in ESPP and 401k match
I respond with whatever the IRS thinks my income from my job is
🧐
Quoting compensation as hourly is a signal that you’re poor (unless you’re a lawyer, etc). Quoting salary is a sign you’re middle class. Quoting TC is a sign you’re upper class.
Talking about it at all is a sign you’re not that rich.
Yet;)
And people have kids on 40k household income. You may not be comfortable at all, but you probably can
It depends, when it’s the bank/apartment I respond with TC anyone else gets the base info.
At this point Base… because I haven’t gotten a bonus yet after 2 years at KPMG… 😂
Base because TC is a little misleading, sometimes intentionally. I like using the money I know gets deposited in my account every 2 weeks. An extra surprise is just that.
That stops being reasonable when base becomes a less meaningful fraction of TC
I started talking TC once my variable comp was enough to live on. No point in starting negotiations in base if TC isn't in the right neighborhood.
Visual Storyteller
Base. Bench maxes and evade taxes
Real question is what is TC.
Ey includes taxes paid to the government on our behalf and insurance as TC. Lol
Bain includes the 401k contribution and the max bonus % (which literally 5 people in North America) and tells that as TC. These companies are fooling us
Generally TC. I’ve moved to industry and my base is small relative to TC (like~30%) so I use TC not just because it’s a larger number, but actually more representative of the comp.
Inclusive of RSUs. I have like 30/30/40 split base/bonus/stock. FS.
I care about my minimum annual comp. Bonuses are very easy to give and take away. Salary isn't as much. As far as I'm concerned, bonus is just that - a bonus I don't expect or factor into my planning.
If I were in sales or at the executive level, I'd have a different opinion
I answer based on what I think the other person’s intention is
Smartest answer here
When someone asks how big you are, do you quote flaccid or erect? There’s your answer.
But more zeroes makes more better
What does TC stand for?
Well that escalated!!
TC, which I define as base + realistic bonus + RSU vest + 401k match. Base is ~60% of the total, so quoting base only would be misleading
I used to exclude 401k match because my previous employer had a substantial vesting period on it, but now that I receive the match biweekly and it vests immediately, it's as good as salary in my books.
If it's reasonable to assume TC will meaningful increase between Q4 this year and Q1 next, then that's probably part of the response to current comp. "I'll get about $250K this year, but barring economic meltdown, that will be $325K next year" (assuming ~$75K would vest the next year).
What would not make sense is that if you got a $300K signing grant vesting over 4 years to then say either:
"$550K with RSUs"
or
"$250K my first year, then $550K"
It never makes sense to claim the whole grant in one year. You may get to the point where refreshers keep comp stable, but then you're still only talking about how much is vested. You're only taking about how much is vesting this year or next, never grant.
I usually respond with the ratio between what my firm bills my client for my services and what I actually make from that.
It’s quite depressing.
When someone asks how big your company is, do you respond in number of people, revenue or market cap?
This isn’t the analogy you thought it was lol