Am I being low-balled?

Question

Toronto dot com start-up. Offered new position from within, to oversee Ad Trafficking/Operations/Analytics. Reports to CTO. Offered 35K with 3 weeks vacation and the opportunity to renegotiate in July 07. No stock options. No travel subsidy for commuting.

Am I being low-balled? What are my options? I love working for this company, but I can't afford to make short-sighted financial decisions.

Thanks!

Toronto dot com start-up. Offered new position from within, to oversee Ad Trafficking/Operations/Analyti... Reports to CTO. Offered 35K with 3 weeks vacation and the opportunity to renegotiate in July 07. No stock options. No travel subsidy for commuting.

Am I being low-balled? What are my options? I love working for this company, but I can't afford to make short-sighted financial decisions.

EDIT

-CTO=Chief Technology Officer.
-No staff reporting to me.
-Job offer was originally presented to me as a promotion.
-In lieu of extra $, I'm thinking of asking the co. to partially subsidize my commute until I can negotiate a better salary.

Answer 1

Is this a management position? Do you have any staff reporting to you directly? How much of a raise is it from your current position? Not sure what CTO is...

Personally, I don't think you are. My experience has been that when being promoted within a company, you're not going to get a whopping raise. Many times policies stipulate that employees can only 'jump' a certain percentage in wages and only a certain # of job grade levels (e.g, you can't go from admin assistant to VP). Sometimes the best way to make the bigger bucks is to go to another company. Also, many companies have salary ranges for each job "grade". You may be in a "training" level until July 07 to see how you are doing. Then you will likely be placed at the 'minimum' level for that grade.

Travel subsidy for commuting? Is that norm in Toronto? I worked in TO for 10+ years and never got it. Commuting is a way of life in the big city - not sure why you'd be subsidized for it...I also believe you can get a bit of a tax write-off now for commuting costs - saw something on the tax return last week.

Try to do some research about how much other companies pay for a similar position.

Answer 2

Do remember this is a startup and they must control expenses especially up front.

You don't seem too thrilled with the offer. So I would do this...accept the job and make sure you get written confirmation on the renegotiation on July 7 (they may be reticent to offer it, but press them on it). Have them strike the opportunity and give a review on the 7th with adjustments as necessary (the opportunity for review and a review are very different offers).

Working for a dot com startup in itself may be a short term assignment to begin with....so bargain for more cash, less options.

Answer 3

Wait until July 07, and then re-negotiate. It is possible they are waiting to see how you perform in the new position. If they are happy, then ask for all the things that you think that you should have, but be prepared for a counter offer. If they aren't willing at that time to improve your salary, then look around for something else. You have a better resume this way.

Answer 4

What is your 35k worth in US dollars? In US we don't get paid for our commute. No stock option thats not cool.

In US dollars that job if you have a degree is worth about 65-75k pr yr us dollars. I would have demanded options.