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I once received an employment offer from a FAANG that was weighted heavily on the annual bonus. Like 1/3 of the total comp was 1st and 2nd year hiring bonus. I
by minitoar 4y ago
I once received an employment offer from a FAANG that was weighted heavily on the annual bonus. Like 1/3 of the total comp was 1st and 2nd year hiring bonus. I don’t get how that’s appealing since it seems like a guaranteed pay cut once those are done.
- thanksgiving 4y ago> I don’t get how that’s appealing since it seems like a guaranteed pay cut once those are done. As an outsider, one guess I can make is probably they expect you to work hard to secure promotions within those three years?
- lazyasciiart 4y agoNo, they expect you to either be too lazy to leave or to leave.
- minitoar 4y agoI was thinking after those 2 years were up I could go interview again and get a competing offer and then ask for a retention bonus, but I don't know if they'd do that and it seems like a lot of work.
- minitoar 4y agoI don’t think it’s common to get a 30% raise in nominal comp in 2 years from these companies.
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- TaylorPhebillo 4y agoWas this Amazon? Generally equity would replace the cash bonus in subsequent years. Compensation then becomes somewhat uncertain, but if it became a huge pay cut at that company and nowhere else, it seems expected that lots of employees would quit. That might be partially intentional.
- minitoar 4y agoIt wasn’t Amazon.
- sokoloff 4y agoAt Amazon, the initially granted tshares vest in a backloaded way. For every 6 months after you start, the vesting is (0%, 5%, 0%, 15%, 20%, 20%, 20%, 20%). The large signing bonus for year 1 and year 2 is structured to make up for the back-loaded vesting.
- minitoar 4y agoMakes sense. This company follows a 12.5% every 6 months schedule.