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This is false - employers do give less. My own FAANG stock for my initial compensation when I joined my company was at $105k in RSUs, and they jumped up about 3
by Bahamut 8y ago
This is false - employers do give less. My own FAANG stock for my initial compensation when I joined my company was at $105k in RSUs, and they jumped up about 35% (was even higher, but the market is a little volatile currently). My refresh grant after a little over a year was $125k in RSUs, which turned out to be less stock by a not insignificant percentage compared to my first grant!
My read of the numbers floating around the internet suggests my refresh grant was for outperforming and my TC is high for my band. Whether my new TC is less than my first year, who knows. I'm happy with my work, and while the comp could be better (I should be at the next band but promotions are slower to come by in FAANG), I don't know if I'll ever even leave my company given that my total comp for a mid-level software engineer (at my employer) is already over $300k.