One of my candidates is likely to be offered a job as Chief Licensing Officer with a diagnostics spin out. Technology platform is very impressive, but they're a pretty early-stage spin-out from a university, so aren't cash-rich. The candidate is currently a licensing director with a global healthcare corporate. they can only probably manage £110,000 pa, but I think he'll be on more than that, especially with the benefits package, which is blue-chip. The candidate won't tell me what he's on. The idea of a 110K offer being declined doesn't fill me with happiness
Ah. I got the gist of it, that his rejection of the offer would cost you commission. It's all the corporate-speak gobbledegook that makes my eyes glaze over. I've spent most of my life working on my own and haven't had to learn the lingo so it's all just words to me.
I don't use jargon as a rule, but all that lot is the way they talk at senior level in the science sector.
tbh the guy should be aware enough of where he is coming from and going to..... are there shares on offer
IMO if he's willing to leave a major multinational for a shot at a start up he should be looking for equity not a huge salary. If he hasn't got his head screwed on to know that going to a start up has risk and the reward comes later then thats his own fault (and RHC's )
I would not fancy a pay cut to £110k myself so he may well stay where he is, unless the equity on offer at the new place is worth a lot more than the shares he can get with his current employer.
