Quote:
Originally Posted by Unregistered
Indeed I have my own target salary for foregoing bonuses but want to see other people point of view of what is enough
Let's say 2.5 months PB, and 1.75 months AWS + AVC
I'm thinking 10% is sufficient to cover PB and 18% for both PB and year end bonus. Considering I would have gotten about 3% MI next year anyway I think it's still kinda modest
So yea, what are other folks pov? How many % increment will you accept to forego 2.5 mths bonus? What about 4.25 mths?
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You also have to factor in the loss in bonus in the 1st year in your new job as it will be pro-rated and not the full sum. So essentially it's a combination of forgoing variable bonuses that you will be getting in your current job + pro-rated variable bonuses in your 1st year in your new job. The time which you resign and join the new job will affect as well.
I would say 10% increment is a reasonable benchmark to accept to jump. You will definitely still lose out in your 1st year, but 2nd year onwards will make up for it and 3rd year onwards will be more.