4 ms·
Quarterly bonuses of 8%-25% or guaranteed (in your employee/promotion offer letter and added to your contract) end of year bonuses and if it is a startup quarte
by techjuice 9y ago
Quarterly bonuses of 8%-25% or guaranteed (in your employee/promotion offer letter and added to your contract) end of year bonuses and if it is a startup quarterly additional stock options based on company, sector, team performance. Some may even pay for your home, car, and offer fully paid tuition/books/university fees.
You may also gain the ability to ride (company paid) business or first class for all of your domestic and international flights or if if your in a really profitable company or high position in a government agency you get to fly on the company/agency/chartered jet(s) for some or all flights. You may also get an assistant or assistants to help you out with personal and business related activities since you should be pretty busy and may forget things, they will normally keep your schedule and keep you on schedule 24/7/365.
You normally get a pretty nice severance package that is only offered to C-Level management which is only VP and above. Though if it is your first time you should have a sit down with an attorney to make sure what you get from the company is good to go and a financial advisor and tax accountant to help you make a plan for what to do with those extra benefits and how they can affect you tax wise so you know what is seen as income and what treated as gifts. This way you will have a full picture of what you are really getting. As sometimes it may look like more, but may push you into a new tax bracket or increase your taxes to not make much of a difference in the end. Either way it is good to have a full overview so there are no surprises at the end of the year.