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Ive never really understood bonuses for engineers, just provide more base pay
by GoOnThenDoTell 4y ago
Ive never really understood bonuses for engineers, just provide more base pay
- onlyrealcuzzo 4y agoSince it's so hard to fire people, it's better for the company to have 50% of your salary as a bonus. Even most people that are doing nothing can probably do nothing somewhere else for 100% or their salary. If you do nothing at the company, they can pay you $0 bonus and hope you get mad and quit and go do nothing somewhere else instead.
- Agingcoder 4y agoIt's cheaper for the company, essentially trading mean for variance. Bad years, you have a trivial pay cut (no to low bonus), good years people get money. If you have very high base pay, bad years you lose money. If you're young, volatility is ok. If you're getting older and have kids, then you value certainty a bit more and want higher base pay, but you might make less money overall (say 2 dollars bonus is equal to 1 guaranteed dollar, but this is obviously highly dependent on the company/sector)
- exdsq 4y agoPart of the fun of the Web3 startup scene is that tokens can be liquid out of gate and are basically just a variable in a file to begin with, so trivial to make out of thin air for new hires. There's stories of 20-somethings getting 7 or even 8 figure pay days after 6 months work from a successful launch.
- coliveira 4y agoIf they give a base pay increase, then they can't take it from you next year! This is how FAANG companies work, give you a lot of incentives in the form of one time bonus, so if they don't like you they will take most of your future compensation in the next year. They also keep you working as a dog to keep your total compensation from falling.
- joshgachnang 4y agoI agree. My view is if I don't get 100% bonus, I'm leaving to find a company that will pay me 100%. It seems like a good way to lose your best engineers.