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partially funded by the removal of RSU stock grants

• itgoon 8y ago
  I agree with their assertion that hourly employees "prefer the predictability and immediacy of cash to RSUs." $15/hr still isn't much. $30K year. Sure, it would be nice to get a fat payday down the road. People living on low wages have much more immediate needs. Why wait for a (maybe) payout, if you can't feed your kids today?
  • MichaelApproved 8y ago
    $15/hour isn't much but it's fantastic for entry level pay. That's the minimum. Most people will be getting paid more. And, yes, of course money today is better than maybe money tomorrow. For example, higher pay today could allow someone replace a car that keeps breaking down on them. That reliability and cost savings of not having to pay for repairs can be worth more than stocks in the future. Edit typo
    • kamarg 8y ago
      Honest question, do those raises amount to anything? Or is it akin to the $0.25/hr that many retail employees see that doesn't even provide them with the equivalent of an additional paycheck over the course of a year?
      • MichaelApproved 8y ago
        Another article mentions all employees will get a raise based on a curve related to the minimum increase. However, it's not clear just how that curve will look. This raise is a good move, so I'll give them the benefit of the doubt that it won't be a superficial raise until the actual numbers come in.
• wffurr 8y ago
  What was the effective hourly wage before with the RSUs factored in? Did they have a 1-year vesting period? There's so many details missing from this story that it's hard to assess the real impact of the $15/hr wage.