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> If Amazon matched employee retirement contributions in cash, a new employee earning $80,000 a year would get a maximum company contribution of $1,600. Wow, a
by xienze 11y ago
> If Amazon matched employee retirement contributions in cash, a new employee earning $80,000 a year would get a maximum company contribution of $1,600.
Wow, and I thought IBM was stingy. They at least matched 100% up to 6% (of course, you forfeit all that if you aren't employed on December 15th of that year).
- dpark 11y ago> They at least matched 100% up to 6% (of course, you forfeit all that if you aren't employed on December 15th of that year). That seems like a really shortsighted policy. I expect that would seriously encourage people to leave in January. Having big blocks of people leave all at once seems far worse than having turnover spread more evenly.
- xienze 11y agoIBM is all about short-sighted policies. But yes, people did their best to leave early in the year.
- NotABox 11y agoThe difference is that Amazon gives out stock. IBM didn't for software engineers when I was there a few years back. My base salary at Amazon is the same as it was at IBM. However including stock my total compensation at Amazon is 2-3 times what it was at IBM.