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It looks like DoorDash just put up a big banner at their front door saying if you want to stay less than a year and still get paid highly apply here. Wouldn't
by soheil 5y ago
It looks like DoorDash just put up a big banner at their front door saying if you want to stay less than a year and still get paid highly apply here.
Wouldn't this move incentivize employees seeking short term employment thus diluting stocks given out to existing long term employees?
- ralph84 5y agoPeople who are only staying because of vesting tend not to be the most productive. Better for everyone to have someone who's not working out or doesn't want to be there leave after a quarter instead of dragging it out for a year.
- nostrademons 5y agoI think they do this to keep bad hires from sticking around until the cliff. It takes a lot to fire someone legally - oftentimes you have to document ~6 months of poor performance, put them on a PIP, give them a chance to remediate, etc. Combine that with normal long ramp-up times in a tech company, and by the time you know it's not working out and can fire them, they're pretty close or past the 1 year vesting point anyway. It's much more efficient if the employee decides to leave on the their own, if they know it's a mutual bad fit. This removes the incentive to stick around for the windfall - if you're not enjoying your workplace, go leave and find a better one, and you get paid fully for time served. It's a lot like the buyout offers at places like Zappos or Coinbase, designed to make sure that everyone is on-board with the existing company culture.
- soheil 5y agoI get the point about unhappy employees sticking around just for their cliff to vest, but what about attracting a new breed of employees looking for short term employment?
- nostrademons 5y agoThat's already a risk in tech, because wages are so high but ramp-up times are pretty long. They get weeded out relatively quickly and usually run out of desirable employers, though. That's why employers are skeptical of employees with multiple short-duration stints or gaps on their resume.
- soheil 5y agoSo if they do get weeded out quickly then why would any rational employee even care about not having a cliff when looking for a new job to begin with? This is simply increasing the risk of hiring short term employees in addition to existing risks including the high cost of ramp-up times.
- skzrskzr 5y agoFacebook has had the same policy for a while and didn't run into that problem. It's more about getting talent in the door and keeping current with market.
- paxys 5y agoThe number of people looking for full-time jobs and intending to only work for 3-9 months is way less than you think.
- bradlys 5y agoPeople who find out the company is a bad fit. It is very common within the valley for people to leave just after they're 1-yr vest because it was a bad fit. If you can get this bad fit employee out faster, the better.
- soheil 5y agoThe world is a dynamic place. If you think this won't have a large impact on the number of people job hopping not sure what you think will.