OT: Which pay plan?

[JustinCruise]

The company I work for is expanding and in turn my role is growing as well.

Last year my base was 65k and I make another 40k in bonuses for just over $100,000 for the year. It was a very strong year for us and my bonus is tied to overall company success. Obviously there is no guarantee of that going forward but at the same time I have potential to make even higher bonuses if our expansion goes well.

However, my employer offered me an alternative, more simplified pay plan in my new role. They offered to ditch the bonuses completely and pay me a flat $2,000 a week salary.

On the one hand, this is tempting because it's guaranteed and because my semi annual bonus is annihilated by taxes. But on the other hand, I'm afraid I could be costing myself money down the road if we continue to grow and I would have stuck with the bonuses. However, even if that happens and I took the $2,000 a week, couldn't I just ask for another raise at some point in the future?

Which would you take?

Any advice appreciated, trolling will be ignored. Thanks in advance.

 

[KingEleven]

I have either been on commission or owned my own business for the majority of the last 20 years and I like it. That being said, seems like the 2k a week for you is better, but would need ALOT more info of course.

 

[pocketrockets]

attention whoring 101

 

[Mr_Mark]

2k a week is great pay and would be the safer, less stressful choice. But if your company is growing, they may be offering you this choice because they know they will have to pay you more in the long run. What is the new bonus structure and ceiling? is the possibility worth the unknown and the gamble? if you could have made 115 and end up making 104 instead, I don't think your life style would change or you would be losing much sleep over that choice. Consistency and guaranteed does have value

 

[Defying]

2k a week is great pay and would be the safer, less stressful choice. But if your company is growing, they may be offering you this choice because they know they will have to pay you more in the long run. What is the new bonus structure and ceiling? is the possibility worth the unknown and the gamble? if you could have made 115 and end up making 104 instead, I don't think your life style would change or you would be losing much sleep over that choice. Consistency and guaranteed does have value

well said

 

[shdw01]

trick question.....you take the $2k a week and they fire you instantly cause you don't have faith in the company!

 

[rickardodry]

attention whoring 101

Yes
unreal
this poor fool needs to come here to make himself feel better

i I still want to fight u cruise
nme the place

 

[tanner12oz]

2k a week..dont get greedy

 

[JustinCruise]

2k a week is great pay and would be the safer, less stressful choice. But if your company is growing, they may be offering you this choice because they know they will have to pay you more in the long run. What is the new bonus structure and ceiling? is the possibility worth the unknown and the gamble? if you could have made 115 and end up making 104 instead, I don't think your life style would change or you would be losing much sleep over that choice. Consistency and guaranteed does have value

I agree with everything you're saying

The bonus has no cap but floor either. I love the idea of the simple and safe guaranteed salary but i do believe my employers think this plan is saving them money. Thinking of taking the straight salary but countering at $2250 and hoping it lands somewhere in the middle.

 

[KingEleven]

I agree with everything you're saying

The bonus has no cap but floor either. I love the idea of the simple and safe guaranteed salary but i do believe my employers think this plan is saving them money. Thinking of taking the straight salary but countering at $2250 and hoping it lands somewhere in the middle.

That would be the best...counter with a higher weekly #...it will work if you do it right!

 

[Mr_Mark]

I agree with everything you're saying

The bonus has no cap but floor either. I love the idea of the simple and safe guaranteed salary but i do believe my employers think this plan is saving them money. Thinking of taking the straight salary but countering at $2250 and hoping it lands somewhere in the middle.

Either way you go buddy, you are in a good career position. Best of luck!

 

[slapshot]

They probably are expanding to big and won't be able to pay bonuses in the future look for a new job

 

[Willie99]

negotiate, $ 1,500 per week with upside incentives

if production is the same, make sure you're realizing a small increase

if production surges, you both benefit

 

[Jstack34]

The company I work for is expanding and in turn my role is growing as well.

Last year my base was 65k and I make another 40k in bonuses for just over $100,000 for the year. It was a very strong year for us and my bonus is tied to overall company success. Obviously there is no guarantee of that going forward but at the same time I have potential to make even higher bonuses if our expansion goes well.

However, my employer offered me an alternative, more simplified pay plan in my new role. They offered to ditch the bonuses completely and pay me a flat $2,000 a week salary.

On the one hand, this is tempting because it's guaranteed and because my semi annual bonus is annihilated by taxes. But on the other hand, I'm afraid I could be costing myself money down the road if we continue to grow and I would have stuck with the bonuses. However, even if that happens and I took the $2,000 a week, couldn't I just ask for another raise at some point in the future?

Which would you take?

Any advice appreciated, trolling will be ignored. Thanks in advance.

Your bonus is taxed the same way that semi annual income is taxed. Your company is probably withholding 25% fed and the max state rate up front, but @ the end of the day, you are paying the same amount no matter how the 40K is delivered (via bonus or spread out)

 

[KingEleven]

Your bonus is taxed the same way that semi annual income is taxed. Your company is probably withholding 25% fed and the max state rate up front, but @ the end of the day, you are paying the same amount no matter how the 40K is delivered (via bonus or spread out)

true

 

[CHOPTALK]

Your bonus is taxed the same way that semi annual income is taxed. Your company is probably withholding 25% fed and the max state rate up front, but @ the end of the day, you are paying the same amount no matter how the 40K is delivered (via bonus or spread out)

Yea I lol d when I read him post that.
JC gets the extra bonus tax that his other money is sheltered from lol

 

[CHOPTALK]

A business grad that went to a top 10 business school in the country asking people on a gambling board business advice.

Why don't you ask one of your 4 friends who has 2 million bucks stuffed under their mattress what they would do if they were you?

 

[JustinCruise]

Either way you go buddy, you are in a good career position. Best of luck!

thanks mark

I countered on the straight salary plan today. They are going to discuss and get back with me next week.

 

[CHOPTALK]

thanks mark

I countered on the straight salary plan today. They are going to discuss and get back with me next week.

So you called your boss on a Saturday ?
Haha

 

[JustinCruise]

trick question.....you take the $2k a week and they fire you instantly cause you don't have faith in the company!

lol