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I once worked with a recruiting agency to apply to a publicly-traded company that they were engaged with. I told them the TC that I'd need to make a move and th
by alexjplant 4y ago
I once worked with a recruiting agency to apply to a publicly-traded company that they were engaged with. I told them the TC that I'd need to make a move and they said that the company in question could definitely hit it. I went through the interview rounds and did well enough but wasn't particularly enthused about the prospective job. Just before they extended me a verbal offer the recruiter called me and said that they'd seen them extend offers that were almost double what my initial ask was; I was on the fence about the job but if they were ponying up those kinds of dollars then I'd be obligated to at least consider their offer.
Instead they massively low-balled me with a lower base than what I was making at the time plus ~30% of the RSUs that they'd need to hit my number. I asked the recruiter and the company both about this and they said that the value of the RSUs was predicated on "their growth potential" and that I had to account for their future value. I double-checked with the recruiter to make sure that there wasn't a miscommunication and they confirmed that the company knew what my requirement was.
Needless to say this made my decision fairly simple. Their share price was in the toilet and I'd never worked for a company that granted RSUs before so maybe they thought that they'd be able to pull a fast one on me, but it was a colossal waste of everybody's time regardless.
- metadat 4y agoThat reminds me of a time a recruiter started browbeating me over rejecting an offer which was the exact same or less TC as my current job (where I was happy). I had to hang up on him and never responded to to the subsequent urgent calls and emails. A few years later he had the audacity to email me once again trying to "work with me" insisting the past was all "water under the bridge". What a pushy, selfish fool.
- texasbigdata 4y ago“Growth potential” lol. Yeah guys that’s why you’re not paying 100% cash and getting years of liquidity being withheld to your advantage. Tell you what - pay all cash and I can invest it in the stock market myself in the meantime. Plus they don’t all work out. It’s in the employers best interest a lot of the time, not the employees.