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Yeah, let’s say your salary was $200k. They give you $100k immediately, you turn around and find another job after a month off at $190k—that means you’re making
by baron816 5y ago
Yeah, let’s say your salary was $200k. They give you $100k immediately, you turn around and find another job after a month off at $190k—that means you’re making about $273k this year.
- deleted 5y ago[deleted]
- francisofascii 5y agoIt depends on the terms, is it a lump sum? Or would the paychecks end when you get the new job?
- stock_toaster 5y agoSeverance (or "buy-out"), is typically (in my experience) a one time lump sum event.
- deleted 5y ago[deleted]
- iainmerrick 5y agoWhy would they end? What business is it of theirs?
- rufus_foreman 5y ago$273k means you would be hitting the top marginal federal income tax rate and also the net investment income tax. If you are in a state with high state income tax rates, your additional $100k nets you $50k. Of which maybe $10k goes to replace the post-tax income you lost for the month you spent looking for a job. $40k in the bank is a nice bonus, but I wouldn't quit a job I liked for it.
- madeofpalk 5y agoAlso getting a new job is a pain. I don't like doing it. It reminds me of people flippantly declaring "just sue!" as if it's an easy or pleasant thing to do.
- rufus_foreman 5y ago>> Also getting a new job is a pain. I don't like doing it Agreed. A pain, and also a risk. A huge part of job satisfaction is working for a manager that you respect, and you can't really know that until you've been through some shit.
- silexia 5y agoI think this is continuing your pay until you find new job... not as sexy as you think.