4 ms·
Ask HN: Snapchat employee vesting schedule
After the first year 10% vests; by the end of the second year, another 20% has vested in gradually increasing allotments; another 30% vests through the course of the third year. The final 40% vests through the fourth year.
Source: https://www.theinformation.com/loyalty-pays-off-for-snapchat-employees?shared=73eee1
- scalesolved 11y agoGuess a lot of people aren't going to pass their performance reviews in their 3rd year.
- seattle_spring 11y agoMy last company's retention package after their [bad] acquisition had this vesting schedule. The company knew damn well that most people would leave or be forced out before the 3rd year, and that's exactly what happened. This sort of vesting is the most employee-unfriendly bullshit out there. If I was made an offer with this sort of schedule I would immediately decline and look elsewhere.
- mindvirus 11y agoThis is where you negotiate a high signing bonus. Amazon does something similar- their offers vest 5-15-40-40, but they include a signing bonus and guaranteed first year bonus to offset it. So with a schedule like this, I would suggest figuring out how much money you want to make per year, and negotiate a signing bonus to hit that number.
- seattle_spring 11y agoFor senior+ engineers this means a first-year signing bonus of more than six figures. Is Amazon really willing to pony up this sort of cash up front?