I work in a niche industry, my labor is considered creative. Recently a shop foreman quit without warning and his responsibilities have fallen to me. I have taken up the extra work and hours, expecting a conversation in relatively short order about a pay raise (I am currently an hourly employee).
I don't know much about the hard numbers, but the company currently employs only 5 others, not including the owner.
I was just approached after a long weekend job about the potential of a 5% equity agreement instead of an hourly wage increase. In this conversation, the value of the company was estimated by the owner to be around 2 million dollars. In one year, the company's income has increased 200%, according to what I was told in this conversation.
What is my next best move?
Submitted November 21, 2020 at 10:04PM by Biffboffbarf https://ift.tt/3lU4lnc
