46 votes
Accepted

What exactly is a "bad," "standard," or "good" annual raise? If I am told a hard percentage and don't get it, should I look elsewhere?

TLDR: You will probably need to move to a different employer to get the raise you want/need/deserve. Some employers, in the US, punish longevity through a number of practices. My wife worked as a ...
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  • 74.9k
16 votes

How can a foreigner cash an American cheque in the US?

The process is fairly simple: The person that the check is made out to ("Pay to the order of ____") needs to sign the back of the check where it says "Endorse here". Then, go to a US bank that you ...
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  • 8,018
15 votes

What exactly is a "bad," "standard," or "good" annual raise? If I am told a hard percentage and don't get it, should I look elsewhere?

Any such number would depend on the country, the market, and the economic situation - especially inflation ratio. Generally, if you are not in a booming or a dying technology, getting a raise above ...
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  • 37k
9 votes

How are the $1 salaries that CEOs sometimes take considered legal?

Part of your first link has this statement that I suspect you are missing: However, Section 13(a)(1) of the FLSA provides an exemption from both minimum wage and overtime pay for employees ...
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  • 10.1k
7 votes

Can I reject a compensation voucher for a cash refund (partial or full)?

Why did you stay and watch the movie if you knew it was no longer in 3D? Possibly because you thought watching the movie was more valuable than trying to plan something else at the last minute. If you ...
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7 votes

How to avoid paying tax on starting bonus that was used to reimburse a bonus from a prior employer?

You don't get to avoid paying taxes on this new income. But, you may be eligible to deduct the repayment to your previous employer. Publication 525 and its section on Repayments may provide you with ...
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  • 2,282
6 votes

What exactly is a "bad," "standard," or "good" annual raise? If I am told a hard percentage and don't get it, should I look elsewhere?

Keep in mind that unless you have a contract that says you get a certain amount of raise every year, the employer is not required to give you any raise. The quality of a raise is too subjective for ...
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  • 2,855
5 votes

Understanding highly compensated employees within 401ks

HCE is defined as being above 120k$ or in the top 20 % of the company. The exact cutoff point might be different for each company. Typically, only the base salary is considered for that, but it's the ...
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  • 37k
5 votes
Accepted

Why do companies award stock as opposed to cash?

There are a few reasons, dependent on the location of the company. The first, as you mentioned is that it means that the employee is invested in the companies success - in theory this should ...
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5 votes

UK - What are the safest options to keep more than the FSCS limit in a bank/investment company?

If you hold a joint account with another person, the limit would be double, as the limit applies per person. There is also a higher limit for temporary balances following a life event (such as ...
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  • 1,007
5 votes
Accepted

401k Match percentage - Does it include bonuses?

Every company I've worked for has matched contributions from all income regardless of source (salary, bonus, commission, etc.). Since you're choosing the plan and parameters, it's up to you, but I ...
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  • 114k
4 votes

How are the $1 salaries that CEOs sometimes take considered legal?

Even under the executive exemption, see Exemption for Executive Employees Under the Fair Labor Standards Act (FLSA) Section 13(a)(1) as defined by Regulations, 29 CFR Part 541, it seems that a minimum ...
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4 votes
Accepted

Equity As Part of Compensation

With LLCs, the operation agreement can define different shares for different kinds of income or equity, and different partners may be treated differently. In essence, you can end up with a different ...
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  • 128k
4 votes
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Approximate IT company valuation (to proximate stock options value)

This situation sounds better than most, the company it seems likely to be profitable in the future. As such it is a good candidate to have a successful IPO. With that your stock options are likely ...
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  • 74.9k
4 votes

Can I reject a compensation voucher for a cash refund (partial or full)?

In a small matter like this, especially when done on a large scale, there is a time factor. The dispute needs to be resolved quickly and efficiently because heady litigation of 300 moviegoers is an ...
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4 votes
Accepted

UK - What are the safest options to keep more than the FSCS limit in a bank/investment company?

It's useful to be aware that NS&I (National Savings and Investments) has no limit on protection. It's basically a state-owned savings bank and therefore in theory as low-risk (with regard to ...
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  • 3,379
4 votes

Is an asset that cannot be sold by the holder (due to a contract) seizable by a bank at default?

Illiquid assets of all kinds can be vulnerable in bankruptcy. Partners in a small business would be well-advised to cover this possibility by agreeing beforehand to terms regarding buying/selling ...
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4 votes

Why would someone argue that stock options are a better form of compensation?

Firstly, you need to distinguish between stock and stock options. Just giving out stock has no special benefits. But stock options have big benefits for the company: "buy now pay later": ...
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  • 1,669
3 votes

How can a foreigner cash an American cheque in the US?

I had to deal with a similar situation earlier this year. I am a EU citizen living in the UK and I needed to cash a USD cheque issued by a US financial institution that doesn't have any retail ...
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  • 131
3 votes

How do I compare two salary offers with and without benefits?

I see a few ways to improve your comparison: COBRA is a temporary insurance plan meant to cover you between jobs and prevent issues with pre-existing conditions. $900/mo seems expensive for health ...
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  • 114k
3 votes

How are the $1 salaries that CEOs sometimes take considered legal?

Taxable fringe benefits are included in taxable wages for the purpose of FLSA. So when those executives get to use company cars or company jets that value is "wage" even if it isn't salary.
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  • 2,790
3 votes
Accepted

How do I estimate the value of employer-provided job benefits, for comparing compensation?

The employer match on the 401k is easy as that is simply the net amount of money they match (e.g. 4% of salary). The other items are a little trickier as there is their face value but what you really ...
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  • 2,429
3 votes

How much should I charge a U.S. company for IT work I'll do remotely from Canada?

$60-$100 US is typical for US 1099 contract IT work, but it varies quite a bit by location and industry. Contract agencies can charge more (sometimes significantly more), but you probably don't have ...
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  • 1,116
3 votes

Equity As Part of Compensation

At the most basic level, the employee is getting a share of ownership in the company and would get a percentage of the sales price. That said, as littleadv alluded to, different share classes have ...
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  • 628
3 votes

Info about managment compansation schemes in publicly traded companies

Compensation information is available in the annual reports (10-k filings) which are available from the SEC EDGAR system or, generally, the company's website. Additionally, insider transactions are ...
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  • 48.5k
3 votes

Employer won't allow early exercise of options because “RSUs are uncommon and too complex” for venture-backed startups

Are you sure you would even want to exercise your options yet? There is no guarantee for a market to sell your equity once you have it; there rarely is an opportunity to sell an interest in a private ...
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3 votes

Why do startups prefer Stock Options over Stock Grants?

Short Answer Let me know if my understanding is correct: Your understanding is not correct. Why do startups prefer Stock Options over Stock Grants? An incentive stock option is the only way to ...
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  • 363
3 votes
Accepted

How do I know if I am a Highly Compensated Employee?

I'm answering my own question based on this question's activity, my own research, and discussions with my financial advisor. 0xFEE1DEAD's answer goes a long way, but it contains a lot of information ...
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  • 251
2 votes

Info about managment compansation schemes in publicly traded companies

Converting the comment from @MD-Tech into answer How or where could I find info about publicly traded companies about how stock owner friendly their compensation schemes are for their board and ...
2 votes

What exactly is a "bad," "standard," or "good" annual raise? If I am told a hard percentage and don't get it, should I look elsewhere?

What makes a "standard" raise depends on how well the economy is doing, how well your particular industry is doing, and how well your employer is doing. All these things change constantly, so anyone ...
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  • 20.8k

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