6 ms·
Other face posts mention a structure of hiring bonus (getting less after 2 years) and some 4 year reason to stay. Can you elaborate?
by losteverything 10y ago
Other face posts mention a structure of hiring bonus (getting less after 2 years) and some 4 year reason to stay. Can you elaborate?
- ethanbond 10y agoThat's how all bonuses work? If I'm reading your comment correctly. If you leave a company within, usually, two years, you have to return the money.
- somenomadicguy 10y agoWhoa, unless the bonus is astronomical, you would really need to question the offer, especially if relocation is involved. The longest earn-out I've ever had on a hiring bonus was 6 months, even then I left within 5 and didn't have to pay it back. The amount of things that can cause you to leave a job or be fired over two years creates a huge risk, and creates an incentive for your employee to fire you on your 23rd month.
- jk563 10y agoLast place I was at the payback was pro-rata, so there was no real incentive for firing on that basis.
- ohstopitu 10y agoa friend of mine who works at Amazon (Toronto), got an 8K signing bonus. He just graduated from University (and he worked there for 4 months before graduating on a co-op). As for signing bonuses, I have read contracts from various startups that want you to pay your signing bonus (which is generally about 5k) back if you leave within the first year.
- 2almalki 10y agohow does your friend like it in Tdot?
- ethanbond 10y agoThe three offers that I'm familiar with from three of the big ones were 2 years, though maybe it's different for new grads? I totally agree, I don't really like it. I think, though, that the astronomically large bonuses are worse than the small ones. Paying back $5000 (+ income tax, mind you) is much easier than paying back $100k + tax.
- temp_8675309 10y agoAn example of salary from one wholly-owned Amazon subsidiary: Base salary 78k. First Year signing bonus: 30k, 10 RSUs vest after first year Second Year signing bonus 25k, 30 RSUs vest after second year Third year & Fourth year, 40 RSUs vest after every 6 months of employment This was directly from an entry level offer and it is general practice to get a salary increase at annual reviews and more RSUs for after your fourth. Like many RSUs, if you leave before your RSUs vest, you forfeit them. This is pretty much your 4 year incentive to stay. EDIT: Clarifying RSU forfeiture
- losteverything 10y agoGolden Handcuffs in Caps. Explains the other posts.
- ajkjk 10y agoThe income I was getting felt luxurious even without the RSUs. I viewed them as "promises of extra income next year" rather than "money I get this year but forfeit if I leave", which seems much healthier for many reasons. You're always on a revolving set of RSUs anyway; it's not like there's a point where they've all vested. In no sense is that 'handcuffs'. It's more of a guaranteed raise.
- vthallam 10y agoSo when the first and second year RSU's mature and you quit, you can still sell the 20 RSU's though right?
- temp_8675309 10y agoYes, you pay the taxes on them and they are considered income.
- shados 10y agosign on bonus is the same as almost everywhere. You get the money up front and have to return it if you leave within a year. RSUs are back loaded. I forget the exact numbers, but it is something akin to 5% vested after 1st year, then 15%, then 35%, so after 2 years the vesting schedule makes it pretty hard to walk away from, especially with the current stock price. "If I stay just another 3 months I get 45 thousand bucks over my salary... hmm...."