4 ms·

Datavant should strip away all of your benefits since it fundamentally has nothing to do with your labor/payment relationship indeed! Cash only.

HWR_14 5y ago
It's strange for a site where most compensation is non-cash to hear people extolling their virtues of cash only for compensation
- neon_electro 5y ago
  I don't know about you, but in my 10-year career so far, the amount of cash compensation I've earned is orders of magnitude higher than the actual liquid compensation I've received from equity actually becoming worth something. tl;dr I got lucky and won the startup lottery, but it didn't pay out nearly as much as the cash compensation I've earned. Am I in the minority here? I doubt it.
  - Cederfjard 5y ago
    They’re probably talking about RSUs at Big Tech, rather than startup options.
- orangecat 5y ago
  RSUs are nearly as liquid as cash. Health insurance is very much not.
  - HWR_14 5y ago
    RSUs are liquid after they vest. Health insurance vests pretty much right away
bpodgursky 5y ago
Yes, I would much rather get more cash than a bunch of annoying FSA, life insurance, pet insurance, disability insurance, gym expense, home-office benefits.... all benefits I have to manually keep track of and optimize. This clown car of "perks" only exist because of a dumb tax regime that makes those benefits pre-tax, and that regime should end.
- richbell 5y ago
  > Yes, I would much rather get more cash than a bunch of... benefits I have to manually keep track of and optimize. I've worked at a few large financial institutions that pay technical employees significantly below market rate, but aggressively and publicly boast about how competitive they are because of "total compensation". It's absurd, and often results in large dysfunctional teams where they have to hire 10+ junior people, for ~60k each, because they're unwilling to hire 1-2 experienced people, for ~150k each.
- bogomipz 5y ago
  Have you actually asked your employer if they can do away with that 'clown car of "perks"' in exchange for more salary? I would think that would be something you could negotiate as part of any job offer. Accepting a company's employer healthcare and benefits is certainly not mandatory either.
  - bpodgursky 5y ago
    It's not advantageous to do this as an individual under the current tax code. I'd still rather take the perks than pay 35% of it as marginal tax. What I want is a revision to the tax code that stops making the benefits a tax-efficient vehicle.
bogomipz 5y ago
Who is Datavant? I'm not seeing it mentioned in the article or other threads in this post.
- renewiltord 5y ago
  Google the username of the guy he’s responding to.
  - bogomipz 5y ago
    Ah I see. Datavant is healthcare tech.

HWR_14 5y ago

It's strange for a site where most compensation is non-cash to hear people extolling their virtues of cash only for compensation

neon_electro 5y ago
I don't know about you, but in my 10-year career so far, the amount of cash compensation I've earned is orders of magnitude higher than the actual liquid compensation I've received from equity actually becoming worth something. tl;dr I got lucky and won the startup lottery, but it didn't pay out nearly as much as the cash compensation I've earned. Am I in the minority here? I doubt it.
- Cederfjard 5y ago
  They’re probably talking about RSUs at Big Tech, rather than startup options.
orangecat 5y ago
RSUs are nearly as liquid as cash. Health insurance is very much not.
- HWR_14 5y ago
  RSUs are liquid after they vest. Health insurance vests pretty much right away

bpodgursky 5y ago

Yes, I would much rather get more cash than a bunch of annoying FSA, life insurance, pet insurance, disability insurance, gym expense, home-office benefits.... all benefits I have to manually keep track of and optimize. This clown car of "perks" only exist because of a dumb tax regime that makes those benefits pre-tax, and that regime should end.

richbell 5y ago
> Yes, I would much rather get more cash than a bunch of... benefits I have to manually keep track of and optimize. I've worked at a few large financial institutions that pay technical employees significantly below market rate, but aggressively and publicly boast about how competitive they are because of "total compensation". It's absurd, and often results in large dysfunctional teams where they have to hire 10+ junior people, for ~60k each, because they're unwilling to hire 1-2 experienced people, for ~150k each.
bogomipz 5y ago
Have you actually asked your employer if they can do away with that 'clown car of "perks"' in exchange for more salary? I would think that would be something you could negotiate as part of any job offer. Accepting a company's employer healthcare and benefits is certainly not mandatory either.
- bpodgursky 5y ago
  It's not advantageous to do this as an individual under the current tax code. I'd still rather take the perks than pay 35% of it as marginal tax. What I want is a revision to the tax code that stops making the benefits a tax-efficient vehicle.

bogomipz 5y ago

Who is Datavant? I'm not seeing it mentioned in the article or other threads in this post.

renewiltord 5y ago
Google the username of the guy he’s responding to.
- bogomipz 5y ago
  Ah I see. Datavant is healthcare tech.