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Successfully negotiating for more equity usually depends on other offers. Now that mega corps are clearly outperforming the Uber and DoorDashes and Squares of t

by tempsy 4y ago

Successfully negotiating for more equity usually depends on other offers. Now that mega corps are clearly outperforming the Uber and DoorDashes and Squares of the world they have no competition other than other megacorps and don’t have to counter with more equity simply because someone has an offer from Uber. Didn’t mean pay would drop below a band but you’re likely going to be able to get away with the lower end instead of the higher end of a band if you’re perceived as “safe” in this market

fnordpiglet 4y ago
If you already have a job then they’re explicitly competing against your existing employer even without other offers. You’re right though if you can’t shop other jobs it might depress your upside, and if you’re coming in off a layout you should expect parity unless you have competitive offers. Ultimately though comp models won’t change.
- tempsy 4y ago
  there are plenty of ways a company can pay you less without having to change their entire comp model and wasn’t suggesting that was what was happening the point is a flight to safety gives Megacorps leverage they didn’t have 1-3 years ago. they can pay you at the lower end of a pay band or interview you for a lower level than you asked for. and if people are desperate enough because they are in a tanking company or laid off they might take it. And when everyone is thinking the same thing they can be pickier and get better quality talent for the same money regardless
  - fnordpiglet 4y ago
    They won’t. I’ve spent 30 years in fairly senior positions at mega corps. It’ll take a few years and only if the other mega corps reduce pay. Their response to a lot of available talent isn’t to pay less it’s to reduce their conversion rates and be more selective. They aren’t competing for talent against startups or even places like Coinbase and Uber for the most part. It’s against each other.
    - deleted 4y ago
      [deleted]
- ummonk 4y ago
  Stock valuations had a pretty large pullback though so RSU compensation for existing employees is a lot lower than it was at the height of the red hot market.

by tempsy 4y ago

fnordpiglet 4y ago

If you already have a job then they’re explicitly competing against your existing employer even without other offers. You’re right though if you can’t shop other jobs it might depress your upside, and if you’re coming in off a layout you should expect parity unless you have competitive offers. Ultimately though comp models won’t change.

tempsy 4y ago
there are plenty of ways a company can pay you less without having to change their entire comp model and wasn’t suggesting that was what was happening the point is a flight to safety gives Megacorps leverage they didn’t have 1-3 years ago. they can pay you at the lower end of a pay band or interview you for a lower level than you asked for. and if people are desperate enough because they are in a tanking company or laid off they might take it. And when everyone is thinking the same thing they can be pickier and get better quality talent for the same money regardless
- fnordpiglet 4y ago
  They won’t. I’ve spent 30 years in fairly senior positions at mega corps. It’ll take a few years and only if the other mega corps reduce pay. Their response to a lot of available talent isn’t to pay less it’s to reduce their conversion rates and be more selective. They aren’t competing for talent against startups or even places like Coinbase and Uber for the most part. It’s against each other.
  - deleted 4y ago
    [deleted]
ummonk 4y ago
Stock valuations had a pretty large pullback though so RSU compensation for existing employees is a lot lower than it was at the height of the red hot market.