Starbucks Baristas: The daily grind
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Manager trying to convince me to stay till my anniversary day so I can receive stocks from my first year. Is it even worth it? (self.starbucksbaristas)
submitted by lemonjuicepulp
I really don’t want to stay any longer than my two weeks. I already have a job set up, I can’t just tell them to give me an entire extra month before going there full time. I’ll just lose my opportunity to leave and I’ll be stuck again.
[deleted] 7 points 2y ago
If you want the stocks to own stock to start or diversify whatever portfolio you have, it’s worth it. Free stock it always worth it.
If you’re planning on cashing it out, it’s not worth it. Like someone else said, it’s like $500 and it sounds like you have an opportunity waiting for you where you will ultimately earn more than the $500 you’re waiting around for.
Congrats on getting the new job. Good luck in the real world!
If you’re planning on cashing it out, it’s not worth it. Like someone else said, it’s like $500 and it sounds like you have an opportunity waiting for you where you will ultimately earn more than the $500 you’re waiting around for.
Congrats on getting the new job. Good luck in the real world!
[deleted] 1 points 2y ago
[deleted]
[deleted] 1 points 2y ago
Not once they’ve vested. You own them at that point.
[deleted] 1 points 2y ago
[deleted]
Kittens_bean 5 points 2y ago
The stock prices are high, however money doesn't equal healthy mental health
lemonjuicepulp [OP] 2 points 2y ago
Yeah he’s really trying to convince me to stay. Said he’ll even get me down to 15 hours a week. Like I still need to make money??? And the workload at Starbucks does not equal the pay
Kittens_bean 1 points 2y ago
Yeah I was a partner for three years, making minimum wage for the pain, sweat and tears is pathetic
jklmnopedy 3 points 2y ago
It sounds like your mgr is using the stocks as an incentive to get you to stay longer because you staying benefits them.
Don't jeopardize your new job, because you're right: it likely won't wait that extra month. The stocks aren't worth that if you're as miserable as the rest of us.
Don't jeopardize your new job, because you're right: it likely won't wait that extra month. The stocks aren't worth that if you're as miserable as the rest of us.
BeardiesRule112 3 points 2y ago
My stocks were only 500$ after 2 years. Nothing to write home about.
lemonjuicepulp [OP] 2 points 2y ago
That’s what I was worried about. He told me starbucks stocks are at like 91. Did you get yours recently?
BeardiesRule112 2 points 2y ago
Yep. I got mine last week. It said stocks were like 89-90.
lemonjuicepulp [OP] 2 points 2y ago
Yeah guess that explains why he wouldn’t give me an example of ‘ how much ‘ he’s so shady like that. Thanks for your input!!!!
BeardiesRule112 1 points 2y ago
Anytime friend. Good luck with your new job and congrats on getting away from this shit storm!
Elnaris 1 points 2y ago
Just make sure you're getting actual shares and not the RSU - log into your Fidelity account and see what's going on (Partner Hub has the info on how to find your account). If you're only getting the RSU, you will lose all of those once you quit anyway. It really comes down to "Can I walk away from \~$300 and not regret it later?"
The answer is probably yes. XD
The answer is probably yes. XD
femalehomosapien18 1 points 2y ago
You get the stock at your 1 year mark! But make sure to accept them
femalehomosapien18 1 points 2y ago
Stay and get all your shifts covered LMFAOOO
Flappadingo 1 points 2y ago
YOU don’t get all the stocks that handed out in a year - you get half.
anniversary date doesn’t play into it T all just November,
anniversary date doesn’t play into it T all just November,
lemonjuicepulp [OP] 1 points 2y ago
Oh yeah you’re right about it just being November my bad
asst2therglmgr 1 points 2y ago
Cashed mine out after a few years. Quick grand. I guess it really depends on if you’re miserable there or not. It’d be a pretty big waste to leave money on the table like that.
xboxturtle 1 points 2y ago
When is your anniversary day? Stocks only vest in late November
meandrandomcrap2000 1 points 2y ago
Can you explain that? Sorry i just recently made a year and I’m trying to figure out if i have to claim my stock? or wait till november?
[deleted] 2 points 2y ago
In November, you’ll receive a grant for 9 stocks, I believe, separated into two parts of 4 stocks and 5 stocks. Never November, the first part of your stocks will best, I don’t remember if it’s the 4 or the 5. And then the following April, I believe, the rest of the stock vests.
Once the stocks vest, they’re yours. You can sell them, you can keep them, you can do whatever you want with them. If you leave the company before you stocks vest, they just go back to the company.
This is different than the stock option that Starbucks offers. You can opt in to buy Starbucks stock at a discounted price and those stocks automatically vest and are automatically yours.
Once the stocks vest, they’re yours. You can sell them, you can keep them, you can do whatever you want with them. If you leave the company before you stocks vest, they just go back to the company.
This is different than the stock option that Starbucks offers. You can opt in to buy Starbucks stock at a discounted price and those stocks automatically vest and are automatically yours.
Flappadingo 0 points 2y ago
Nope not in April.
only beating date is Nov
Hired in April 2020 - get stocks in November 2020 / half available to cash out in November 2021/ other half in nov 2022
baristas get $500 equivalent in stocks - whatever stocks closed at on Sept 30 or nearest week day is the stock price they use to get to $500
if stock traded at $75 on Sept 30 your Grant is 7 stocks - 4 in 2021 and 3 in 2022
if stocks were at $100 you bet 5 shares - 3 in 2021 and 2 in 2022
the hire date determines when you get stocks. Before May 1 of a year you get stocks that fall.
after May 1 you get then the following fall
That is the only hire date that matters
All of this info is direct from fidelity. Honestly we need to sticky this somewhere,
only beating date is Nov
Hired in April 2020 - get stocks in November 2020 / half available to cash out in November 2021/ other half in nov 2022
baristas get $500 equivalent in stocks - whatever stocks closed at on Sept 30 or nearest week day is the stock price they use to get to $500
if stock traded at $75 on Sept 30 your Grant is 7 stocks - 4 in 2021 and 3 in 2022
if stocks were at $100 you bet 5 shares - 3 in 2021 and 2 in 2022
the hire date determines when you get stocks. Before May 1 of a year you get stocks that fall.
after May 1 you get then the following fall
That is the only hire date that matters
All of this info is direct from fidelity. Honestly we need to sticky this somewhere,
xboxturtle 2 points 2y ago
If you just hit your year then I don’t believe you have any bean stock. You will be issued like 7 shares in November and then it takes one year to vest 3 of them and another year to vest the last 4.
meandrandomcrap2000 1 points 2y ago
Thank you! I’ve been asking around my store and nobody knows.
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