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Not really, that offsetting by sign-on bonus is a lie too: other companies not only offer a higher sign-on bonus, but also monthly or quarterly vesting in even
by sdhrnrhbrt 6y ago
Not really, that offsetting by sign-on bonus is a lie too: other companies not only offer a higher sign-on bonus, but also monthly or quarterly vesting in even chunks.
- scarface74 6y agoIt’s not “a lie”. They tell you the total comp target and it’s made up of salary+bonus+RSU. You either accept it or you don’t.
- monocasa 6y agoThe idea that it balances their compensation out versus the rest of FAANG is a lie though.
- scarface74 6y agoA lie by who? Amazon?
- freyr 6y agoYeah, Amazon's compensation structure is really bad compared to other FAANG companies. Perks are worse (pre-Covid-19, at least). And most people seem to think work-life balance and company culture is worse. On the other hand, AMZN stock has done much better than Facebook, Google, Apple over the last five years, so at least they have that.
- vkou 6y ago> On the other hand, AMZN stock has done much better than Facebook, Google, Apple over the last five years, so at least they have that. Yes, but you don't have to work at AMZN to buy their stock. And RSUs are just another name for 'cash compensation, that was immediately spent on buying company stock'.
- scarface74 6y agoTrue. But if your target comp over the first four years was hypothetically $900K based on salary+bonus+RSUs and the stock went up significantly during that time you would end up making more. Of course if the stock goes down.... I think I heard that Amazon bases future grants on the assumption that the stock price will increase 15%. But I can tell you that my salary+bonus+RSU when they made an offer was based on the stock price not changing.
- amznthrwaway 6y agoAmazon’s sign on bonus is paid and vests monthly if it’s for a substantial amount.