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Why cash is king
- When evaluating a job offer, the most common priority for tech and other professionals is clear: salary.
- Salary offers the reliability needed, particularly in an uncertain economic environment, where equity may be less likely to materialize into tangible benefits.
- The need to cover daily expenses often outweighs the potential future gains of equity.
- Equity, once considered the golden ticket to long-term wealth in tech, is now viewed more cautiously.
- Respondents noted that they have had experiences where equity did not yield the expected returns.
- Gender has the strongest statistically significant impact on the likelihood of selecting equity over salary, with men 2.3 times as likely to prefer equity compared with women.
- Beyond salary and equity, some respondents prioritized work-life balance and workplace culture.
- Respondents also showed a preference for benefits like health insurance and retirement savings plans.
- For those living in high-cost-of-living areas, the importance of salary becomes even more pronounced.
- The immediate cash flow provided by a solid salary is crucial for professionals as they navigate the high costs associated with tech hubs.
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