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Levels says E-7’s at Facebook get a nearly $1,000,000 compensation package A) Is this annual? As in their unvested RSUs are nearly 4x this amount B) This is n
by vmception 5y ago
Levels says E-7’s at Facebook get a nearly $1,000,000 compensation package
A) Is this annual? As in their unvested RSUs are nearly 4x this amount
B) This is not accounting for stock price appreciation?
or do I have it entirely wrong. Two years ago on Blind I could tell people were discussing their compensation packages in wildly differing ways. It was impossible to tell if people were discussing if they signed an offer that computed a particular dollar value that was only relevant a single year and they just liked to brag about it, or if they were discussing their annual tax filings from employment, or even something else. I feel like this discrepancy translates onto Levels as well.
- dmlittle 5y agoAs someone who recently interviewed (although not at Facebook) the number is the _annual compensation package at the time they signed their offer_ (it includes base salary + annual stock grant + bonus). If someone got $1,000,000 in annual compensation 2 years ago, the stock portion per year will likely be larger now due to appreciation of the stock. These numbers are crazy high and before I interviewed this time around I was somewhat skeptic of how real these numbers were outside of a few outliers but now I'm pretty sure it's pretty common.
- vmception 5y agoSuper nice that trillion dollar companies are being extremely competitive with compensation now Wages have stagnated for 30 years and, to me, progress is not achieved until a house in the same area as the economic center can be owned outright in 5 years or less just like the baby boomers experienced This seems to accomplish that, but lets throw in paying off all other encumbrances like student debt as well
- bagels 5y agoYes, annually. Not counting appreciation. It's pretty rare to see an e7 offer though.
- MrKristopher 5y agoBase + bonus + annual refresher should be in the 700s annually. Likely the way this gets to $1M is with stocks going up and stacked refreshers (getting a couple annual refreshers while the initial grant is still vesting).
- vmception 5y agoBut they shouldn't be reporting stocks going up or refreshers to Levels They should be reporting offer letters that get verified by Levels admins So its $1,000,000
- MrKristopher 5y agoAt https://www.levels.fyi/addcomp.html https://www.levels.fyi/addcomp.html I see someone could upload an offer letter, or a W2.
- vmception 5y agoI see So its likely heavily factoring in stock price appreciation as the RSUs vest and have a portion withheld for taxes based on current value.