ESOPs <> PhonePe
Does it make sense to join PhonePe by taking a lower pay compared to other offers if PhonePe is covering it up with ESOPs?
Given the recent news of IPO, I would want to understand this. Razorpay too is luring with similar options. Lower Fixed, but compensate with ESOPs.
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Take the one with cash. If you want, you can buy actual stocks with that cash. It's not even RSUs but ESOPs. Even with an IPO it doesn't make any sense. Also given recruiters don't factor in ESOPs into your compensation while making a switch, so more cash helps in your next switch.
Should it be the same if the ESOPs are more than the delta in fixed, ona yearly basis?
If it's more than it makes sense, at least for Phonepe due to IPO announcement. How much more that you will have to decide, based on liquidity lock with ESOPs and possibility of stocks plummeting post IPO.
What's your years of experience? Usually HRs try to lowball the fixed by quoting ESOPs but I don't see many people exercising theirs ( not sure about listed companies). So it depends on your YoE too, if it's high, most of the CTC would be ESOPs but if not don't let ESOPs reduce your fixed.
I've 3.5 YOE in analytics