Author Topic: Job Offer Evaluation  (Read 2856 times)

Moustaches

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Job Offer Evaluation
« on: October 08, 2015, 10:31:16 AM »

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« Last Edit: August 17, 2017, 11:13:40 AM by Moustaches »

honeybbq

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Re: Job Offer Evaluation
« Reply #1 on: October 08, 2015, 11:02:46 AM »
I would take C in a heartbeat. Look at those vacation days!

tvan

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Re: Job Offer Evaluation
« Reply #2 on: October 08, 2015, 11:12:23 AM »
Option C looks to be the best but it has no health plan?  Can you sell company stock anytime (for example if you need money for health care)?

jjcamembert

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Re: Job Offer Evaluation
« Reply #3 on: October 08, 2015, 11:18:28 AM »
I recently asked a similar question; looks like you already evaluated the hourly cost of your time at each.

Summary: I was looking at a job with 50% higher compensation, but a slightly longer commute, more hours, and less leave. For now I'm sticking with the more flexible job even though it means 4 extra years till FI.
http://forum.mrmoneymustache.com/ask-a-mustachian/the-money-vs-time-conundrum

I'm guessing a "great" culture for you means less stress? Any difference in estimated working hours (staying late to get projects done, supporting customers, etc)? My only concern would be the 9% in company stock may not necessarily be worth anything unless the company is successful (which may require a long-term commitment on your part). It's up to you though to judge whether the company is going places and whether you want to invest both your time and money into it.

For me personally, more leave and a better corporate culture trump the other concerns though.

Proud Foot

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Re: Job Offer Evaluation
« Reply #4 on: October 08, 2015, 11:38:45 AM »
Am I reading right that you are unable to make employee contributions to the 401k? And for the company stock, would you be forced to sell when you leave the company?

Axecleaver

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Re: Job Offer Evaluation
« Reply #5 on: October 08, 2015, 01:00:13 PM »
You need to look at your tax picture to really evaluate these choices. On the surface, C looks like the best choice, but if the plan is not tax deferred, that could change the picture dramatically. I think there's also something intangible to consider from a company that provides benefits like totally free healthcare and a 24% "401k or something like it" match.

skunkfunk

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Re: Job Offer Evaluation
« Reply #6 on: October 08, 2015, 01:20:00 PM »
Great culture, great benefits. Winner.

Since the finances seem roughly even, go where you know you want to work. I have made a similar choice, and while I sometimes feel a little twinge of regret when I'm running retirement numbers, it has been a good decision.

andy85

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Re: Job Offer Evaluation
« Reply #7 on: October 09, 2015, 06:43:43 AM »
Am I reading right that you are unable to make employee contributions to the 401k? And for the company stock, would you be forced to sell when you leave the company?

Yes on both counts as it's not a 401k (not sure exactly what it is).  I think you can do $5500 to a traditional IRA though.
Company C sounds like they offer an ESOP (https://en.wikipedia.org/wiki/Employee_stock_ownership_plan)
And you can do the IRA regardless since it has nothing to do with your employer
Tough call. Company C sounds great, but I'm personally not wild about holding the majority of my retirement savings in company stock.