It is my pleasure to announce that Mike has accepted the position of Senior Project Manager for XXXX (USA), with a comp package of $160,000 plus 25% annual bonus structure, plus an “over achievement” bonus of an additional $10,000, a 401,000 plan, limited travel, 4-weeks initial vacation and unlimited sick days.
At the time of accepting this position, Mike had 4 opportunities on the table, two in formal offer stage and two pending. He ranked them using an asset/liability test his Campaign Director suggested so that he could see what really mattered in comparison between offers.
His #1 choice was a start up with significant upside potential and significant downside risk. This opportunity, while exciting to consider, did not provide much of a cushion of security that Mike’s CD felt would be important based on Mike’s personality and situation. As it turned out, this position could not be offered until capitalization arrangements had been finalized and no clear deadline was available for that, so the question was take the risk of waiting or go with another offer? Decision made.
Choice #2 was in the Northwest and though Mike was an outstanding candidate for that one, the company decided to go with a local individual with more qualifications and no relocation.
Choice #4 was a large, stable company but would require heavy travel and the overall bonus structure was not much of an incentive. Heavily weighted in the “asset” column, so would not have been a bad choice, but not perfect.
Choice #3 was XXXX. When the offer packaged was presented it became clearly apparent to Mike’s CD that the overall package was superior to the other offer under consideration and a better situation than what Mike would have experienced with the #1 startup choice. Mike agreed and accepted the position.