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Stock compensation is also the real kicker. Probably one the most amazing things that Silicon Valley made widespread is the ability for employees to own pieces
by zuhayeer 6y ago
Stock compensation is also the real kicker. Probably one the most amazing things that Silicon Valley made widespread is the ability for employees to own pieces of the business. I noticed that many non-US companies don’t provide too much ownership to engineers (although it is starting to change for the better now). As many company stocks grow over time, each employee’s compensation package balloons to much heftier amounts. People’s salaries have the potential for non-linear outcomes.
It’s also great incentive alignment, the higher you go the more you’re compensated in stock to tie your work to company performance. See: https://www.levels.fyi/company/Google/salaries/Software-Engineer/L7/ https://www.levels.fyi/company/Google/salaries/Software-Engi...
- ghaff 6y agoStock options were pretty widespread, at least among senior employees, before Silicon Valley. However, we've seen a huge run-up in stock prices at many of the big SV employers since about the dot-bomb recovery.