Just went through a round of interviews and liked the company.
But not any more than my current Job.
The offer was lower than I am willing to take to move to a new job. So I am going to send a rejection e-mail. The question is how much detail do I go into? Do I try and explain why or simply say thanks but no (with some extra fluff to be polite).
Based on Joe's comment below.
I think the goal here is provide an opportunity for the new company to make a better offer. But I am not going to be devastated if they don't up their offer. So advice on how to reply in this situation.
- Do I say no thank you (and hope they make a better offer).
- Do I say no, with explanation (if so what level of detail do I go into).
- Do I try and ask for a better offer and specify what I am willing to go for (The trouble here is deciding what Bonus/RSU are really worth to me (in reality very little)).
Are there any things I should watch out for?
This is some details about the offer.
Second part of the question is my reasoning sound?
Current Salary: 190 + NoBonus + Stock Options (currently worth nothing) Offer: 180 + 36 Bonus + 5K RSU (first year)
The new offer has RSU which vest over 4 years but are back end waited at 15%/20%/30%/35%.
My argument is that Bonus is nice. But not part of my salary so I can't count on it. RSU are fine but the companies share price has dropped 30% in 3 months and 60% in the last year so I am not seeing any real value there.
So the base salary is lower.
Base + bonus is larger but it assumes I get the bonus which depends on the company/division being profitable.
Though my current stock options are not worth anything. They amount to 0.5% of the company (Current valuation $135,000,000) and if I leave I have to take the gamble that they will be worth something eventually and actually purchase the options (which will be $50K) within 90 days of leaving.
Thanks for any input.