Remove Benefits Remove Compensation Remove Equity Remove Insurance

“Umbrella Negotiating” – Best Response to Private Equity “Hurricane Tactics”

Sklover Working Wisdom

After three generations of family ownership, during which the staff grew from two to 150, the grandchildren-owners received an inquiry from a Private Equity firm about their interest in possibly purchasing the company. Pretty soon, the Private Equity firm, their lawyers and their accountants began reviewing the company’s financial records, bank statements, leases, employment agreements, all as part of their “due diligence,” upon which their formal “offer” would be based.

Equity 100

“How does an offer of ‘equity’ from an employer work?”

Sklover Working Wisdom

Question: I am being made an offer from a company owned by a “Private Equity” firm. They have said the offer will include “equity” – which is new to me. Equity” refers to an ownership interest in a company. If the company is a corporation, the “equity” may be in stock, stock options, or other kinds of ownership interests. If the company is a limited liability company, the “equity” may be in membership units.

Equity 133

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Offer Letter or Company Plan – Which One Governs?

Sklover Working Wisdom

ACTUAL CASE HISTORIES : Case History 1: Joseph signed an Offer Letter that said the following: “The Company will provide you and your family with health insurance coverage, subject to the terms provisions and conditions of the Company Health Insurance Plan.” When Lemuel insisted on an explanation, she responded, “Your Offer Letter stated clearly ‘Your compensation consists of a base salary, an annual bonus and health care coverage. Want a Benefit or Better Benefit?

2017 100

“Private Equity Buying Your Employer? Resist These 11 Employment Negotiation Tactics”

Sklover Working Wisdom

ACTUAL “CASE HISTORIES ”: For many years I have counseled and negotiated on behalf of employees when their employers (a) are being purchased by Private Equity investors, (b) are owned by Private Equity investors, and (c) are being sold by Private Equity investors. I’ve also represented employees being recruited to work for Private Equity-owned employers, commonly referred to as Private Equity “Portfolio Companies.”. Benefit Reductions and Compensation Redesign.

Equity 109

“Employer’s Sole Discretion” in Contracts, Handbooks and Compensation Plans: Six Strong Arguments to Defeat It

Sklover Working Wisdom

On this basis, Brandon felt confident he would achieve an overall increase in compensation. The company Bonus Plan provided that any issues as to eligibility, entitlement or calculation of bonuses would be “determined with finality by the Company Compensation Committee in its sole and absolute discretion.”. Brandon’s attorney helped him appeal these decisions to the Company Compensation Committee. “Everyone is entitled to their own opinion.

“Need a Work Document from HR? Afraid to Ask? – Here’s How”

Sklover Working Wisdom

When might your bonus be paid, health insurance be cancelled, and stock awards vest? This is especially the case where (a) you have signed a non-compete agreement, (b) you are asking to be reimbursed for your “losses” in leaving behind unvested equity awards, etc., (c)

2021 130

“When laid off, can I get my unvested options vested?”

Sklover Working Wisdom

I am currently employed by a large tech company and I have received equity compensation throughout my tenure. Some of this equity has yet to vest. My experience is that a great many “equity” plans provide for continued vesting so long as the employee is terminated without cause, and the employee does not compete directly or share confidential informatio n. By “equity” I refer to stock, stock options and other securities of a company. Question: Hi, Alan.

2013 109

How to Eliminate YOUR Gender Pay Gap

Ms. Career Girl

Be sure to look at your career not just from a compensation standpoint, but from a quality of life perspective, as well. Decide on your compensation “package.”. Compensation comes in more forms than just salary, so consider negotiating for a package that includes not only salary, but other benefits your company provides that are of value to you. Some common benefits are healthcare coverage, retirement plans and employer matches, Health Savings Accounts, life insurance.

2018 136

Two (or More) Job Opportunities? – 18 Elements of Comparison – [Part 1 of 2]

Sklover Working Wisdom

Without her reaching out, she was contacted by a recruiter with a very intriguing opportunity, with (a) better salary, (b) but lower bonus opportunity, (c) greater retirement benefits, but (d) later retirement age, (e) a new, exciting product line to market, but (f) a small marketing budget that gave her limited discretion. For example, in some industries, base salary is only 10% of overall yearly compensation. Example: What are the tax ramifications of being awarded equity?

2018 100

How To Evaluate a Job Offer

Career Alley

Now back to that offer you received, is the compensation package in line with expectations? What is the overtime or compensated time off policy? What are the benefits? How does the compensation package compare to the industry? Salaries may be structured to offer an equity piece or bonuses. If you choose to negotiate the pay or benefits, the more research you have done, the better you can present your case.

2011 219

Do You Have What It Takes To Work For A Startup Company?

Tim's Strategy

A new company needs to keep spending down, so even if you’re great at salary negotiations , your compensation will almost certainly be less than you’d get in a bigger company. On the upside, there is usually equity that might be worth a lot in a few years, but that won’t pay your bills next month and there are no guarantees. Would you consider working for equity? How important are benefits to you? This is a guest blog post by Leslie Ayres.

2013 83

Hindsight Is 20/20: Living Your Culture In The Next Normal

Career Realism

5) Significant concerns arise for Workers Compensation insurance. To lessen the anxiety of your employees, consider adding or extending mental health benefits that are personalized and confidential, and offer telehealth services.

2020 57

Millennials Aren’t Special – They Just Have Great Timing


Another report claims Millennials are unique because of the things they look for in employers, and that list includes cultural fit, career potential, work/life balance, compensation, challenging environment, company mission and innovation. Naval Ravikant, AngelList’s CEO and one of Silicon Valley’s most prolific angel investors, just raised $400 million dollars from a Chinese private equity firm and was interviewed about it on CNBC.

2015 113

“How should I ask for a retention bonus?”

Sklover Working Wisdom

The lesson is this: In proposing a retention bonus or agreement to your employer, you should first emphasize (a) why it would be in the interests of the employer, and, then (b) what benefit will come about to the employer if it offers the retention bonus. A few years back, I represented two executives who worked for a New Jersey-based insurance company that was being purchased by a Texas-based insurance company.

2013 116

Frugality is a career tool | Penelope Trunk's Brazen Careerist

Penelope Trunk

It encompasses making a calculated risk-benefit analysis and acting accordingly. Is this your first time here? About this blog | About my company, Brazen Careerist | Penelopes guide to starting a blog Frugality is a career tool Posted to: Money February 1st, 2010 Digg Reddit StumbleUpon Tweet This Facebook I have earned a lot of money in my life. But I have never had an extravagant life. I don’t own a house. I’ve never bought a new car.

2010 71

is allowing smoke breaks unfair to non-smokers? — Ask a Manager

Ask A Manager

I wouldn’t work somewhere where all employees weren’t treated equally, or where a class of people were given special privileges – certainly not a class that increased my health insurance costs. Petty as it may be, if you’re being paid to work and follow those notorious rules, you shouldn’t be compensated to boldly break them day in and day out. They do, however, drive insurance rates into the ground along with their ashes.

2011 68