I was promoted, but told I will be paid 17% less than the average for my new position. Instead they gave me a bunch of stock options, which I don’t care about. They said this was because of the current economic market and didn’t have the budget for it.

I am pissed. I am supposed to sit in meetings and lead projects with all these other dudes (I am a woman) and be paid less for it. On top of that my company is rubbing salt in the wound by making us all sigh a diversity and inclusion pledge. I am all for diversity and inclusion, but maybe … ACTUALLY DO IT instead of just pledging it.

I immediately sent out my resume and applied to several jobs because fuck this. But the more I think about it the more I think about how cushy this job is and how chill my manager and team is. I get unlimited PTO that is actually unlimited, we almost never get called when on call, I get to work on whatever I want and work whatever hours I feel like, plus it’s fully remote. My team has good rapport and I like working with them.

So here’s what I’m thinking, if I work for 83% of the pay I work 83% of the hours. So I am thinking of bringing this up with my manager and requesting that I am given 1 day off a week since that would be 80% of my current schedule. I value time off and getting to work on what I want over money, even if they are being sexist trash. I will accept their sexism at the rate of 3 day weekends every week lmao. I don’t want to fuck up things before I find another position though, so I’m not sure when to bring this up or if it’s even worth trying.

    • insomniacEnglish
      2·
      1 year ago

      You can buy and sell at the same time. If they just gave it to you, you’d have to pay taxes the same year. They do options because it’s tax advantages.

    • Nougat@kbin.social
      1·
      1 year ago

      If you receive 100 options at a strike price of $10, and you exercise those options when the strike price is $20, you now have $2000 worth of stock. And such transactions are often handled all at once - exercise the options, and sell the acquired stock in the same trade. In the above example, those 100 options are then worth $1000 cash to you.

      Of course, if the stock price declines below the strike price of the options, you wouldn’t exercise them. I believe you could sell the options themselves, maybe? But you would not get very much money for them in that case.