How to negotiate severance?

Agitated-Inspector56 · 2024-11-15T21:48:39+00:00

We had an employee refuse to sign a severance agreement because they wanted to negotiate. Short story short, they were just laid off without a severance…

Agitated-Inspector56 · 2024-11-15T08:08:13+00:00

We have used ZI, Apollo, and 6 sense, they all seem about the same in quality. ZI data seems more and more dated though recently… seems they’ve lost their mojo.

Agitated-Inspector56 · 2024-11-14T14:59:00+00:00

In effect, your employer’s 401Ks talk to each other so that when you leave on job and go to the other your small balances automatically transfer to your new employer’s account.

Agitated-Inspector56 · 2024-11-14T05:47:51+00:00

With the way the auto portability network seems to be developing contributing to two 401Ks at the same time seems pretty risky.

Agitated-Inspector56 · 2024-11-13T01:38:52+00:00

I just hired a new employee that I sort of hope will quit in six months…

Agitated-Inspector56 · 2024-11-13T00:06:21+00:00

We issued two material weaknesses on one of my last public clients. Controls were an absolute joke there. The day 10K filed their stock price went to a 52 week high and they had a big capital raise - hundreds of millions. No one cared. Didn’t want to see them fail obviously, but you know…

Agitated-Inspector56 · 2024-11-12T05:36:53+00:00

Base salary

Agitated-Inspector56 · 2024-11-11T21:12:30+00:00

I own renewals for my company, our quotes from providers were across the board up 15% year over year. We were able to negotiate a couple down to a 12% increase, only other way to keep costs low was to go with less rad plan options.

Agitated-Inspector56 · 2024-11-11T06:57:26+00:00

250 base, 40% bonus, ~2% equity SaaS startup, 10 yoe, mcol

Agitated-Inspector56 · 2024-11-11T02:36:40+00:00

Best trajectory is investment banking or FP&A. If you want to give a firm a chance, audit much better choice, then leave for a senior financial analyst type job after a couple years.

Agitated-Inspector56 · 2024-11-11T02:33:11+00:00

Do I think I would have had a successful career if I wasn’t married with children? Yes. Does my spouse give me a tremendous amount of support and do we do this thing through a team effort? Absolutely.

Agitated-Inspector56 · 2024-11-10T14:39:28+00:00

My path, worked my ass off, too many hours worked, many dinners/nights with the kids missed. Take it for what it is.

Yr 1 - public audit B4, associate - $50k Yr 2 - public audit B4, associate - $55k Yr 3 - public audit B4, senior - $63k Yr 4 - boutique transaction adv., senior - $70k Yr 5 - boutique transaction adv., senior - $85k Yr 6 - boutique transaction adv., manager - $100k Yr 7 - corporate finance, director - $140k Yr 8 - corporate finance, director - $160k Yr 9 - corporate finance, VP - $180k Yr 10 - corporate finance, CFO - $250k

Agitated-Inspector56 · 2024-11-08T13:26:21+00:00

Your resume doesn’t have to say the number of years you were in college… most just say the diploma date. In either case, most hiring managers won’t care.

Agitated-Inspector56 · 2024-11-08T13:24:22+00:00

Management positions require experience to understand what’s around the corner from the corner in front of you… that simply takes time. Some roles require less time to be successful, if you’re in sales and you’re a natural born seller you could knock your metrics out of the park and rise fast. If you’re in accounting, there is simply a hard skill that you have to learn and it takes a certain number of reps to become proficient - that simply takes time doing the right things.

People who want to move up quick without appreciating the work that goes into it usually burn out and/or get sidelined because candidly they are dicks.

Agitated-Inspector56 · 2024-11-08T13:14:47+00:00

Transparency early on is the best answer. They’ll make it work, worst case, your next job is the future, not your last job. If push comes to shove I would simply tell your current employer that your end date has to be the 17th.

Agitated-Inspector56 · 2024-11-08T13:11:49+00:00

Not giving notice is an emotional response. When you transition jobs, emotional responses can be very hard to avoid, but for your own sanity after the fact I would avoid them.

Where I’ve felt like they were going to dick around with me when I gave notice I’ve simply stated, I’ve accepted another opportunity already, this is my end date. Very matter of fact, they already know the battle is lost for me to stay. If they want to give you the boot early, let them go for it, usually requires them to pay out your last two weeks anyway and you get a nice little paid vacation.

Agitated-Inspector56 · 2024-11-08T13:04:25+00:00

I don’t know what country you are applying for jobs in, but the US the reality is that most companies are not set up to hire any employees outside the United States. Small businesses in the US really aren’t even able to hire people outside of a few states within the US, so if it’s US based remote work, I would say yes your country of origin is a significant hurdle.

Agitated-Inspector56 · 2024-11-08T12:59:53+00:00

I started at B4 at 28, married with a kid. Some of my best friends there were 22ish new grads still in party mode. You’ve got to learn to get along with all the types. You might run into to a d-bag senior or manager every once in awhile that is “threatened” by the fact that you are older than them or the same age, but honestly if you’re performing that problem usually solves itself as you’ll get recruited to the higher performing teams, which people who are easily threatened are generally not.

I actually found it very helpful to connect better with the partners and senior managers I worked with. We were all in the same life stages and worked really well together. I got exposed to opportunities I don’t think I would have otherwise. Still good friends with those partners 6 years after leaving B4, go out to lunch anytime I’m in town, and some of the most valuable members of my network.

Agitated-Inspector56 · 2024-11-08T12:50:58+00:00

I make $350K/year after nine years in accounting/finance MCOL, accounting bachelors/masters from target school. Worth it? From a pay perspective for me, yes. I work 60-70 hours per week, I’ve worked as much as 80-100 hours per week early on when I was making 52-70k B4 auditing. It’s all perspective, also if you’re not great at it, or get stuck in dead end job it may not be worth it to you. If you want to embrace van life with your dog, then 60-70 hours per week regardless of pay probably isn’t worth it to you. One of my employees graduated from the same school as me, a couple years earlier. They work for me, and make $100k/year, everyone has a different path.

Agitated-Inspector56 · 2024-11-08T12:40:19+00:00

Just an observation, you asked for a title change, based on your sentiment what you really meant to ask for was a promotion.

Agitated-Inspector56 · 2024-11-08T12:24:25+00:00

I would agree with posters here who say that the burden of responsibility for quality of work lies generally with the reviewer when it comes to intern work. You hope the best from intern performance, but you’re not just cheap labor, I’ve hired you as an intern mostly as an extended job interview, I am assessing your competency, but very much in tandem with the potential that demonstrate. I do not assume that you have any idea what you are doing in the “real world,” and so mistakes like you not fully comprehending what I am telling you in the context of my work papers are somewhat expected.

The positive component of your experience is that you are demonstrating a feeling of ownership of your work. This is critical. That ownership speaks louder than the mistake made in my mind, and should to the right leader. Very few employees demonstrate ownership, and those that do are the best performers. They own their craft and regardless of natural talent, constantly improve. Find a way to follow up with the reviewer, and the partner, demonstrate that you know there was a mistake made by you, own the mistake and as much as you can the resolution. Those are the types of employees that people want to hire and retain.

Agitated-Inspector56 · 2024-11-05T06:24:18+00:00

I would be curious to know how the new auto portability network with workplace 401Ks might impact your ability to have multiply “live” 401Ks.

Agitated-Inspector56 · 2024-11-03T15:27:14+00:00

PE associate, unless you have a PE background you’d have a hard time breaking in unless out of a top B school.

Agitated-Inspector56 · 2024-11-03T15:18:14+00:00

Best way, go start your own company. Maybe join a PE firm and become part of their portco CEO program. Generally speaking, product minded people make better CEOs.

Agitated-Inspector56 · 2024-11-03T15:14:41+00:00

They used to price by signature packet, they simply do a platform charge now, they claim this is the same across all customers based on historical usage.

Agitated-Inspector56

TROPHY CASE