Comp impact 📉 due to "correction"

Question

I don't know what people's experiences are based on stock market correction but i definitely know that I feel like i got the finger.

My employer locked me in with the TC Stock component with the 30 day median cost in November 2021 😭🙈😭🙈.

What should i do now, i tried to ask if this is going to get fixed and I got a not super convincing answer of after year 1 as a refresher?

My company is not a FAANG and still figuring out its viability which puts me in an awkward position as I mostly joined my new employer, leaving my previous FAANG (the worst one of them) company mostly for better WLB + compensation.

Should I try to leave again as I feel that folks joining my company will get a larger comp bump which feels unfair 😭.

Taylor · Accepted Answer

I'd bring it up. Worth mentioning it. But expect nothing. If it bothers you then leave. If it doesnt then stick around. This shit happens.

aroundTheBlock · Answer

I would suggest staying put. Bring it up with your manager or anonymously at company all-hands. Your colleagues are probably thinking the same thing and HR is probably thinking already how to react to it. That said, this is par for the course with equity compensation. Just because the market has gone up for the last 7-10 years doesn't mean it'll always go up. Equity compensation is *designed* to be variable and structured so that if the company does well, you do well and vice versa.

raisinbran · Answer

Lot of people who accepted offers recently were affected by this. It sucks. I’d start interviewing to keep tabs on what the market is offering. If there’s something compelling enough you can let your company know, and either they try to match some of it or you leave.

19g615kyukgqix · Answer

edit: So it's fascinating to share i don't think I would be able to come back here to say this but the company was able to come true to its word and even though the stress of the layoffs threat of 2022 and extra hard work in 2022/2023 somehow paid off well and now its 75% more than what I was supposed to be making when I joined.

Sure if I probably analyzed that I might have lost a lil bit had I gotten the right stock vest from the beginning.... but I'm shocked at the fact that the first time my performance did end up making up for the comp.

BreathingCode · Answer

What does TC mean?

Comp impact 📉 due to "correction"

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