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I appreciate this being shared, but I have some qualms. I think talking about the Leadership Principles as a 'typical corporate motto' is unfair. Amazon lives

I appreciate this being shared, but I have some qualms. I think talking about the Leadership Principles as a 'typical corporate motto' is unfair. Amazon lives their leadership principles far more than the other companies I've seen. They don't include things they don't actually care about, like most corporate mottos do (you'll notice the lack of 'we care about our employees' or 'do no evil' LPs). At least in my experience, you only need to pay back Amazon proportional to (2 years minus duration employed) so it really isn't that bad (maybe that wasn't the case when this was written). Maybe it's changed, but the signing bonuses I saw were essentially increased salary until your stock starts vesting seriously. It gets paid out and vests every paycheck so there isn't anything you need to pay back.

hooloovoo_zoo 6y ago
I think it depends on the size of the signing bonus. Smaller ones are paid upfront as a lump sum, larger ones are paid out over time. The latter of course is just an abuse of language by Amazon to disguise the fact that they're cutting your salary in year 3/4 in exchange for stock.
- kmonsen 6y ago
  I don't think that is a fair way up putting it when they are very upfront about it and don't call it salary. On the other hand at the end of year 2 when you have gotten used to the monthly payments I guess the we told you so is it bit harder to agree with.
  - hooloovoo_zoo 6y ago
    To be clear, I don't think they're abusing employees. I just think calling it a 'signing bonus' is a ridiculous linguistic contortion.
lowiqengineer 6y ago
> 'we care about our employees' or 'do no evil' LPs). Customer Obsession is "do no evil".
- redredrobot 6y ago
  How so? Google is facing employee issues and protests because they sold the 'do no evil' ideal, but the employees don't think some of their projects follow that. I think you would struggle to find an equivalent portion of Amazon employees who think Amazon isn't customer obsessed.
  - lowiqengineer 6y ago
    I mean in the sense that being customer obsessed should mean you do not evil. We absolutely are still customer obsessed.
    - redredrobot 6y ago
      > I mean in the sense that being customer obsessed should mean you do not evil I think there is a real tension between customer obsession and 'do no evil'. Serving the individual needs of consumers can come at the expense of the public good. I think example of that are the amount of waste that Amazon packages generate by shipping as fast as possible and the amount of environmental damage AWS can quietly cause via their datacenters.
- dufymano 6y ago
  No. Customer Obsession is Customer Obsession. You can do plenty evil in the name of satisfying customers. They aren't even remotely the same thing.
AnonWorksAtAWS 6y ago
My signing bonus was structured in 13 separate payments, one attached to my first paycheck roughly equal to half the total bonus, and the other half distributed evenly over each paycheck in my second year of employment. If I had quit in my first year, I would have had to pay back the lump sum payment proportional to how long I had been at the company. The "bonus" paid out over the course of the second year never needs to be paid back under any circumstances. Relocation bonus would have had to have been repaid in full if I had left during my first year. From the perspective of not taking advantage of the financial irresponsibility of recent grads, this is an improvement over the structure described in TFA, but the right solution is make sure that recent grads know what compensation agreement they're signing and can resist the urge to spend it all, that can't be left to employers, whose every incentives push against that. Big lump sum payment right out of college are very useful as emergency slush funds even if you can't responsibly do much with them for a few months.
- redredrobot 6y ago
  Interesting. You're probably right, the experience is different for new grads where the lump sum is really useful.
xamazn 6y ago
I can confirm that unlike most other companies' "mission" the Leadership Principles are a real thing(tm) that even those of us who are skeptical about corporate yadda yadda were caught up using and being influenced by. Two things about it: it's not feel-good bullshit like the parent said. That makes it real. And another: so many principles are at direct odds. Do you "Insist on the highest standards" and delay the launch or do you "Deliver results" now? How do you "Think Big" while also obeying the mandate for "Frugality"? There is a lot of tension in the principles which matches real-world choices. It's not the shallow corporatese of most mission statements.
valbaca 6y ago
amznymous here. You're right. The proportional compensation is something I was very wrong about. At the time, I was also in debt due to being straight out of college and having been dumb AF with money (student loans, car, & credit cards) and so owing anything would've been bankrupting. It was so easy to be stupid with money when you're making an engineer's salary. Not shifting blame, I did that debt to myself and I dug myself out of it after educating myself. Just giving more context.
spike021 6y ago
Not sure anyone will see this since the post is rather old now and off the front page, but just to add my two cents: I was made an offer for L5 at Amazon earlier this year. For compensation, it's like you suggested: the offer is structured such that the first two years weigh more heavily toward cash (a separate signing bonus for each of the first two years, which IMO was pretty good and _does not_ need to be paid back, it's just combined with your normal bi-weekly paychecks) and then the latter two years are where you get the majority of your RSU rewards, which wind up being worth the same or more than the cash bonuses of the first two years (assuming I suppose that the stock price continues to be stable and/or increase from what it was at time of signing). A note about the signing bonuses, the offer letter details basically do not say anything about needing to pay them back for leaving early. If your employment is terminated (by yourself or Amazon itself), then you just end with the prorated portion for the current pay cycle and that's it, you don't get any more of it (fairly obvious anyway if you leave a place).

hooloovoo_zoo 6y ago

I think it depends on the size of the signing bonus. Smaller ones are paid upfront as a lump sum, larger ones are paid out over time. The latter of course is just an abuse of language by Amazon to disguise the fact that they're cutting your salary in year 3/4 in exchange for stock.

kmonsen 6y ago
I don't think that is a fair way up putting it when they are very upfront about it and don't call it salary. On the other hand at the end of year 2 when you have gotten used to the monthly payments I guess the we told you so is it bit harder to agree with.
- hooloovoo_zoo 6y ago
  To be clear, I don't think they're abusing employees. I just think calling it a 'signing bonus' is a ridiculous linguistic contortion.

lowiqengineer 6y ago

> 'we care about our employees' or 'do no evil' LPs). Customer Obsession is "do no evil".

redredrobot 6y ago
How so? Google is facing employee issues and protests because they sold the 'do no evil' ideal, but the employees don't think some of their projects follow that. I think you would struggle to find an equivalent portion of Amazon employees who think Amazon isn't customer obsessed.
- lowiqengineer 6y ago
  I mean in the sense that being customer obsessed should mean you do not evil. We absolutely are still customer obsessed.
  - redredrobot 6y ago
    > I mean in the sense that being customer obsessed should mean you do not evil I think there is a real tension between customer obsession and 'do no evil'. Serving the individual needs of consumers can come at the expense of the public good. I think example of that are the amount of waste that Amazon packages generate by shipping as fast as possible and the amount of environmental damage AWS can quietly cause via their datacenters.
dufymano 6y ago
No. Customer Obsession is Customer Obsession. You can do plenty evil in the name of satisfying customers. They aren't even remotely the same thing.

AnonWorksAtAWS 6y ago

My signing bonus was structured in 13 separate payments, one attached to my first paycheck roughly equal to half the total bonus, and the other half distributed evenly over each paycheck in my second year of employment. If I had quit in my first year, I would have had to pay back the lump sum payment proportional to how long I had been at the company. The "bonus" paid out over the course of the second year never needs to be paid back under any circumstances. Relocation bonus would have had to have been repaid in full if I had left during my first year. From the perspective of not taking advantage of the financial irresponsibility of recent grads, this is an improvement over the structure described in TFA, but the right solution is make sure that recent grads know what compensation agreement they're signing and can resist the urge to spend it all, that can't be left to employers, whose every incentives push against that. Big lump sum payment right out of college are very useful as emergency slush funds even if you can't responsibly do much with them for a few months.

redredrobot 6y ago
Interesting. You're probably right, the experience is different for new grads where the lump sum is really useful.

xamazn 6y ago

I can confirm that unlike most other companies' "mission" the Leadership Principles are a real thing(tm) that even those of us who are skeptical about corporate yadda yadda were caught up using and being influenced by. Two things about it: it's not feel-good bullshit like the parent said. That makes it real. And another: so many principles are at direct odds. Do you "Insist on the highest standards" and delay the launch or do you "Deliver results" now? How do you "Think Big" while also obeying the mandate for "Frugality"? There is a lot of tension in the principles which matches real-world choices. It's not the shallow corporatese of most mission statements.

valbaca 6y ago

amznymous here. You're right. The proportional compensation is something I was very wrong about. At the time, I was also in debt due to being straight out of college and having been dumb AF with money (student loans, car, & credit cards) and so owing anything would've been bankrupting. It was so easy to be stupid with money when you're making an engineer's salary. Not shifting blame, I did that debt to myself and I dug myself out of it after educating myself. Just giving more context.

spike021 6y ago

Not sure anyone will see this since the post is rather old now and off the front page, but just to add my two cents: I was made an offer for L5 at Amazon earlier this year. For compensation, it's like you suggested: the offer is structured such that the first two years weigh more heavily toward cash (a separate signing bonus for each of the first two years, which IMO was pretty good and _does not_ need to be paid back, it's just combined with your normal bi-weekly paychecks) and then the latter two years are where you get the majority of your RSU rewards, which wind up being worth the same or more than the cash bonuses of the first two years (assuming I suppose that the stock price continues to be stable and/or increase from what it was at time of signing). A note about the signing bonuses, the offer letter details basically do not say anything about needing to pay them back for leaving early. If your employment is terminated (by yourself or Amazon itself), then you just end with the prorated portion for the current pay cycle and that's it, you don't get any more of it (fairly obvious anyway if you leave a place).