Which job should I take?
Posted: Tue Mar 03, 2020 7:45 pm
I've just received two job offers, both require relocating), and I'm trying to decide which one to take.
1) high base salary. Bonus directly tied to business generated, at 10% of what I bring in.
requirements are 1600 hrs billable, 400 hrs business development
2) Base salary is about 20% lower. Bonus tied to 'profitability'. After covering my costs & share of overhead, I keep 40% of income allocated to me, on a modified Wilmer-Hale basis. (part of the income of a matter is allocated to the partner who finds the client, part of the income is allocated to the partner whose team does the work).
Supposedly, my share of the costs & overhead are covered after about 20-25 hours billed per week.
Based on that alone, which sounds better?
1) high base salary. Bonus directly tied to business generated, at 10% of what I bring in.
requirements are 1600 hrs billable, 400 hrs business development
2) Base salary is about 20% lower. Bonus tied to 'profitability'. After covering my costs & share of overhead, I keep 40% of income allocated to me, on a modified Wilmer-Hale basis. (part of the income of a matter is allocated to the partner who finds the client, part of the income is allocated to the partner whose team does the work).
Supposedly, my share of the costs & overhead are covered after about 20-25 hours billed per week.
Based on that alone, which sounds better?