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> I HATE the TC designation. that 200k TC is more like 140k/year when you factor in vesting Can you explain this calculation?
by acchow 4y ago
> I HATE the TC designation. that 200k TC is more like 140k/year when you factor in vesting
Can you explain this calculation?
- kurupt213 4y agoHe’s saying 60k of the compensation is equity and other fringe benefits
- acchow 4y agoStartup equity can be completely worthless, but shares of Apple/Google? Seems pretty solid...
- alephnerd 4y agoNCGs at Apple are hourly their first year (not sure if they are granted stock on date of hiring w/ a 1 year cliff or if it's granted after the probationary period), and Google has unoffically stopped hiring NCGs w/ stock (almost every single NCG at Google I know who's been recruited since 2018 has been recruited through the ER program)
- alephnerd 4y agoYep! Exactly this! Apparently I need coffee to be coherent!
- acchow 4y agoWhat's wrong with 60k of equity each year? Most engineers are Google are vesting their equity monthly, so if they sell it into the open market immediately it's as good as salary.