https://frum.finance logo
Join Slack
Powered by
I am in the late stages of interviewing with a fru...
# random
m
I am in the late stages of interviewing with a frum tech company for a software dev role (3/4 years experience). This is the first time I went through the job search process since I my internship, which turned into my present role. What are some very important things to ask/look out for in evaluating a potential offer, what are some mid-level things, and what are some nice to haves?
m
Important: Confirm salary, 401(k) match, access to Mega Backdoor Roth 401(k), parental leave length, healthcare, PTO, and if they accommodate Shabbos/Yom Tov. Ask about on-call expectations, if they have a formal career ladder with clear promotion criteria, growth opportunities, and team dynamics. Mid-level: Look into remote vs. onsite flexibility, kosher accommodations, relocation support, and contract terms (like non-compete clauses). Nice-to-have: Perks like meal allowances, gym memberships, and wellness programs.
m
It's a frum company, so I hope they accommodate kashrus, Shabbos and YT - although Chol Hamoed should be a discussion. Parental leave length is a good one I hadn't thought of. I'm pretty sure it's remote, as they have employees in Denver, Lkwd, and EY. Wow, I would not have thought of non-competes. Interesting.
m
parental leave length is one of my top picks. Anything greater than 12 weeks is good.
(for women)
m
What's considered standard/good/very good about a 401(k) match and Mega Backdoor Roth 401(k)?
m
massive tax savings which can result in a much higher effective salary.
m
I meant the actual percentage/amount, not the benefit
m
not including the match, which is usually 2-10% additional salary, access to a 401k+mega backdoor 401k provide you with up to an additional 69,000*(marginal tax rate) of benefit
m
Got it, thanks
m
(assuming you are able to max out the full 69k of the 401k, if you can only contribute lets say 30k, you would be giving up 30k*marginal_tax_rate as your missed benefit
don't forget that is not even considering the match
so with a salary of 200k lets say and a 30% marginal tax rate and a 5% 401k match, your 200k salary would effectively be 230,700
if you max out your 401k
i
I'm guessing you've thought of this already, but if you can talk to people who currently work there or have worked there in the past it's important to find out about the company culture and if you will be comfortable there
Hatzlacha!!
s
• expectations about working overtime, especially for start up
s
How do they judge success in the job, and how often do you get feedback about how you're doing? Is there a regular cadence when you can expect to be evaluated for raises and promotions?
If remote, how often you're expected to come in for company meetings (if ever)
b
If remote, how often you're expected to come in for company meetings (if ever)
this is super important ^^
👍 1
Also, try to find out if the company has recent history of layoffs. It doesn't mean you shouldn't take the job, but you want to be aware if it's a company that does layoffs frequently (yes, this is a concern even for frum companies)
Also you mentioned chol hamoed... what about erev y"t? Many frum companies have policies where you lose all y"t pay if you take off erev y't. This is a dealbreaker for many mothers.
m
Wait what? Can you explain that policy?
b
In a team of all frum women, the company can't manage if everyone takes off erev yom tov. And everyone wants to take off then, of course. So they don't let anyone do it. The way they enforce it is by making you lose all yom tov pay if you take off erev yom tov.
😨 1
No one wants to lose 1.5 weeks of pay...
It appalled me the first time I heard of it...
Not every place does this, but the rule exists in a handful of places
m
Woah. Should we maintain a block list of companies to avoid that do this? Crazy.
s
frum places can be more strict than goyish about chol hamoed and such
💯 4
🎯 4
👆 3
👆🏻 1
m
Yeah goyim have always been much better about religious needs
s
and what time you are allowed to leave on Friday
🎯 3
although small frum companies are less likely to be on there
lolsob 1
m
Let's just all start a tech company together with our own rules! #joinfrumfinancefintech
🎯 1
b
Based on an unrelated horror story, try to find out from ppl who work there if the managers are easy to work with. The rules of "lashon hara l'toeles" are extremely helpful 🙂 Get contact info for another woman whose currently at the company, ideally a peer-to-be. Ask her point blank "asking l'toeles", are there issues I should know about...
Not all frum managers are ppl you want to be within 20 miles of in a work environment
💯 1
m
Secret frum gossip code unlocked
😂 1
b
haha yes 😂 My apologies for injecting so much negativity here. I've just heard a LOT of bad stories, specifically in frum companies.
There are plenty of great frum companies too, of course.
🕍 1
m
Great tips from everyone - thank you all for chiming in - and feel free to keep the list growing!
👍 2
t
also I'd ask about if there's a contracted bonus target. non frum companies often have it set at anywhere from 8-20% which can substantially alter the total package
👍 1
m
Any volunteer to turn this list into a slack canvas for posterity?
m
This includes suggestions from. FrumDevs as well. https://frumfinance.slack.com/canvas/C04FDN85LE4
Canvas for <#C04FDN85LE4>
m
Awesome! Thank you!!
👍 1
m
How do RSUs work?
m
Is that a question or are you adding into the list
m
It's a question - I really should put it elsewhere. What's the best place to post it?
m
#C04EHDK97K8
m
Re: 401k - If the company doesn't offer one yet (smaller, newer company), is getting a cash equivalent to x% of my salary really equivalent? How can I account for the tax savings?
b
You can put the cash equivalent straight into a Roth IRA. Its a pre-tax deposit, just like traditional 401K
m
If your IRA is being max out already, then we need to account for the fact that you are missing tax savings. Do you know how to calculate your marginal tax rate?
n
@boundless-pharmacist-17036 I think you mean a traditional IRA. Roth IRAs are post-tax dollars. No deduction in the year of contribution. I think 401k is still a little different that traditional IRA vis a vis FICA - I'd have to double check that though. Also different for NJ taxes.
👍 1
thankyou 1
Open in Slack
PreviousNext
Powered by