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Tech companies do have a bonus system, not just in literal bonuses but also in stock grants that depend on your performance. Coupled with an engineering promoti
by tikhonj 6y ago
Tech companies do have a bonus system, not just in literal bonuses but also in stock grants that depend on your performance. Coupled with an engineering promotion ladder that tops out at the equivalent of a VP (or even SVP?) role, it seems like there are financial incentives to go "above and beyond".
Of course, this doesn't necessarily mean working longer hours! Out of the people I've worked with, the overlap between working extra hours and having outsize positive impact is smaller than you might expect. Incentivizing extra hours for their own sake would be actively counterproductive.
I'd also say that people generally overestimate the effect of formal financial incentives and underestimate informal social incentives. Company and team culture can have a much larger effect than compensation, especially when everyone is being paid a lot in absolute terms.
- dilyevsky 6y agoI seriously doubt there are many places where principal eng makes as much as vp and 0 for svp. Even at google and aws I don’t really think it’s the case