Author Topic: Holy cats what just happened  (Read 6210 times)

newgirl

  • Stubble
  • **
  • Posts: 153
Holy cats what just happened
« on: October 27, 2017, 08:06:43 PM »
I got the job offer of a lifetime today.

I'm going from salary of $87,500 with 10% bonus target to salary of $108,000 with 14% bonus target AND $15,000 signing bonus

I'm going from a 45 minute bus commute each way to a 100% remote arrangement.

I was offered a job title three full seniority grades above the job I originally applied for - and yes, given my talent and experience I do deserve it. This particular job title was one that I thought could be in my future maybe 5-7 years from now. I am 35 years old and people literally work for their whole 30+ year careers to get to the level I was just offered.

It's like I suddenly got zoomed years into the future!

progman2000

  • 5 O'Clock Shadow
  • *
  • Posts: 14
Re: Holy cats what just happened
« Reply #1 on: October 27, 2017, 08:10:08 PM »
I got the job offer of a lifetime today.

I'm going from salary of $87,500 with 10% bonus target to salary of $108,000 with 14% bonus target AND $15,000 signing bonus

I'm going from a 45 minute bus commute each way to a 100% remote arrangement.

I was offered a job title three full seniority grades above the job I originally applied for - and yes, given my talent and experience I do deserve it. This particular job title was one that I thought could be in my future maybe 5-7 years from now. I am 35 years old and people literally work for their whole 30+ year careers to get to the level I was just offered.

It's like I suddenly got zoomed years into the future!
Wow, nice job.

Signing bonus? Companies still do that?

Sent from my SM-N920V using Tapatalk


newgirl

  • Stubble
  • **
  • Posts: 153
Re: Holy cats what just happened
« Reply #2 on: October 27, 2017, 08:19:11 PM »
They do if they're hiring in the 4th quarter and trying to convince me to walk away from my annual bonus that I've nearly earned

marty998

  • Walrus Stache
  • *******
  • Posts: 7372
  • Location: Sydney, Oz
Re: Holy cats what just happened
« Reply #3 on: October 27, 2017, 08:29:52 PM »
Hiring bonus is standard for the higher ups. Yes it is designed to compensate you for giving up forgone incentives at your current employer.

Makes a mockery of rentention bonuses, not sure why HR teams haven't woken up to that yet 😆

elaine amj

  • Walrus Stache
  • *******
  • Posts: 5569
  • Location: Ontario
Re: Holy cats what just happened
« Reply #4 on: October 27, 2017, 09:14:49 PM »
That is amazing!!! Congratulations!


Sent from my iPhone using Tapatalk

birdiegirl

  • 5 O'Clock Shadow
  • *
  • Posts: 96
  • Location: Minnesota
Re: Holy cats what just happened
« Reply #5 on: October 27, 2017, 09:52:54 PM »
Wow! That is awesome....congratulations!!

Zamboni

  • Magnum Stache
  • ******
  • Posts: 3886
Re: Holy cats what just happened
« Reply #6 on: October 27, 2017, 10:30:16 PM »
You go, newgirl!

OMG 100% remote . . . this is paradise. If you get lonely without the daily meaningless small talk of "work friends," you can just go to the closest coffee shop, tip generously so everyone there likes you, and become a regular.  It will still be cheaper than a 45 minute commute.

COEE

  • Pencil Stache
  • ****
  • Posts: 611
Re: Holy cats what just happened
« Reply #7 on: October 28, 2017, 02:25:27 AM »
Congrats!   That is something to be happy about!  Be sure to celebrate!

Dicey

  • Senior Mustachian
  • ********
  • Posts: 22387
  • Age: 66
  • Location: NorCal
Re: Holy cats what just happened
« Reply #8 on: October 28, 2017, 02:57:46 AM »
Good for you! Be sure to concoct a plan to avoid lifestyle creep! Such a good "problem" to have.

PDXTabs

  • Walrus Stache
  • *******
  • Posts: 5160
  • Age: 41
  • Location: Vancouver, WA, USA
Re: Holy cats what just happened
« Reply #9 on: October 28, 2017, 08:56:09 AM »
newgirl,

Congratulations! Something happened like this to me in 2016. Doesn't it feel nice? I save more and worry less.

Signing bonus? Companies still do that?

They certainly do for engineers and engineering managers, sometimes with long term stock incentives to boot.

99to1percent

  • 5 O'Clock Shadow
  • *
  • Posts: 30
    • https://99to1percent.com
Re: Holy cats what just happened
« Reply #10 on: October 28, 2017, 09:43:50 AM »
Congratulations,  well deserved!!!

Love your ambition, keep it up.  The more you earn, the faster you can FIRE. That's why we hustle and bring home $400K+/yr and hope to double it in the next 5 years.  Fingers crossed!

VolcanicArts

  • Stubble
  • **
  • Posts: 129
  • Location: San Antonio
Re: Holy cats what just happened
« Reply #11 on: October 28, 2017, 07:50:07 PM »
Good job. I’m in a similar situation to you and have been here for 2 and a half years so far. Basically my job is 100% remote full time and pays very well, sometimes I feel guilty and think I don’t deserve this, but I remember working over 80 hrs a week for years in super stressful environments to pay down loans and arrive here. The kicker with my job is they have an option to work non remote, so I also help out every other weekend doing this just to keep my skills sharp and my stimulation up. I also do consulting every other week, and have started my own woodworking business with my brother, we will be setting up a table to vend our products in less than a week, and over the past 2 years, the quality has dramatically increased. I have found that the key to working remotely successfully is to focus on other things as well that are more skill and physical labor type stuff to offset the sitting and thinking element from remote work. I love my job and consider myself very lucky, it’s funny because sometimes I have nostalgia for the super stressful days where I was running around for 12 hrs with no breaks, but then I remember telling myself how much I hated that and remind myself to never go back. When I get bored during downtime I pull up a compound interest calculator and start playing around with numbers.

urover

  • Stubble
  • **
  • Posts: 132
  • Location: Dallas, TX
Re: Holy cats what just happened
« Reply #12 on: October 28, 2017, 08:13:22 PM »
Congratulations!

May I ask what line of work you're in? I'm in IT (software engineering) andI I'm not sure I can ever land a job like this. 100% remote means I don't have to live in the city.

JLee

  • Walrus Stache
  • *******
  • Posts: 7525
Re: Holy cats what just happened
« Reply #13 on: October 28, 2017, 10:11:42 PM »
Congratulations!! I landed a similar promotion two years ago and it was the beginning of a huge shift in my financial picture. Don't let lifestyle inflation creep in!

VolcanicArts

  • Stubble
  • **
  • Posts: 129
  • Location: San Antonio
Re: Holy cats what just happened
« Reply #14 on: October 28, 2017, 11:23:17 PM »
I should add the cost savings alone from not having to commute daily adds up to at least 3k per year if not more. Also I’m not sure if it’s the same with the original poster, but I don’t have to take a lunch break unless I work an 8 hr shift, and most of my shifts are 7hrs or less which adds up to a lot of extra income.

SachaFiscal

  • Bristles
  • ***
  • Posts: 275
Re: Holy cats what just happened
« Reply #15 on: October 28, 2017, 11:47:52 PM »
Wow that is great! Happy for you.

dreams_and_discoveries

  • Pencil Stache
  • ****
  • Posts: 924
  • Location: London, UK
Re: Holy cats what just happened
« Reply #16 on: October 29, 2017, 12:37:25 AM »
This is fabulous new, well done and enjoy the new role.

aperture

  • Bristles
  • ***
  • Posts: 475
  • Location: Colorado
Re: Holy cats what just happened
« Reply #17 on: October 29, 2017, 06:29:44 AM »
Congratulations and good for you newgirl.  My guess is that this comes at the end of a lot of hard work (and doubtless will be the start of a lot more hard work).  A similar jump in pay with a move for DW and I was the start of our present wealth.  We managed to keep living as if on our old salary while banking enough of the new salary to consider FIRE now 14 years later.  I know you will do better than we did, because you are here and thinking about this stuff while we were largely ignorant of the shockingly simple math path. 

Best wishes, aperture.

cdttmm

  • Stubble
  • **
  • Posts: 249
Re: Holy cats what just happened
« Reply #18 on: October 29, 2017, 06:36:11 AM »
Congratulations, that's great news!

TomTX

  • Walrus Stache
  • *******
  • Posts: 5345
  • Location: Texas
Re: Holy cats what just happened
« Reply #19 on: October 29, 2017, 10:45:42 AM »
Congratulations! Now you can really crank up the stashing between the raise and commute costs foregone!

fuzzy math

  • Handlebar Stache
  • *****
  • Posts: 1733
  • Age: 42
  • Location: PNW
Re: Holy cats what just happened
« Reply #20 on: October 29, 2017, 11:15:12 AM »
Congrats! You just earned a couple extra years towards your FIRE date if you play your cards right

newgirl

  • Stubble
  • **
  • Posts: 153
Re: Holy cats what just happened
« Reply #21 on: October 29, 2017, 12:40:08 PM »
Congratulations!

May I ask what line of work you're in? I'm in IT (software engineering) andI I'm not sure I can ever land a job like this. 100% remote means I don't have to live in the city.

Without giving too much away, I am essentially in a very advanced/senior financial analysis role in the employee benefits insurance industry (non-medical). Probably most people assumed I was in IT or engineering, but nope. Boring old insurance industry. I also don't have a specialized or advanced degree. Lucky me!

Exflyboy

  • Walrus Stache
  • *******
  • Posts: 8423
  • Age: 62
  • Location: Corvallis, Oregon
  • Expat Brit living in the New World..:)
Re: Holy cats what just happened
« Reply #22 on: October 29, 2017, 07:08:33 PM »
Great job!..:)

 

Wow, a phone plan for fifteen bucks!