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Netflix is famous for its all cash compensation packages.

dragonwriter 4y ago
> Netflix is famous for its all cash total compensation packages. Netflix uses “total compensation” to mean “total compensation excluding benefits”? Or Netflix has no (including those required by federal and state law for an employer of their size) benefits? (And it doesn’t, as it was previously reported to, have “free option” as part of its employee equity program that provides an amount equal to 5% of salary for stock option purchases, which would be very much a non-salary-or-hourly-wage part of total comp?)
- deleted 4y ago
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- mightymikey 4y ago
  Netflix pays all base, with separate allowances for benefits. It lets employees choose what percentage of their base is granted as options. It's all very public: https://jobs.netflix.com/work-life-philosophy https://jobs.netflix.com/work-life-philosophy > Stock Option Program: Each employee chooses each year how much of their compensation they want in salary versus stock options. You can choose all cash, all options, or whatever combination suits you. You choose how much risk and upside (down) you want. These 10-year stock options are fully-vested and you keep them even if you leave Netflix.
  - dragonwriter 4y ago
    > Netflix pays all base, with separate allowances for benefits The details from 2020 (only ones I can find) I've seen posted say they have, e.g., a $15k allowance for health insurance, of which only $5k is refundable as cash if not used, and a 5% on top of base “free option” stock option purchase in their ESPP, as well as choice for elective purchase, and other compensation in excess of salary and hourly wage. OTOH, if they actually are just calling their “base” (which is in fact at least potentially salary) “total comp” when it is isn’t actually total total comp, just closer to total comp than base salary typically is for the industry, that’s probably not a violation of the law.
    - mightymikey 4y ago
      the issue is that the employee has the option of turning a portion of that base into options. which means netflix is de facto offering "total comp", with "100% cash" being one option for that total comp offer.

> Netflix is famous for its all cash total compensation packages. Netflix uses “total compensation” to mean “total compensation excluding benefits”? Or Netflix has no (including those required by federal and state law for an employer of their size) benefits? (And it doesn’t, as it was previously reported to, have “free option” as part of its employee equity program that provides an amount equal to 5% of salary for stock option purchases, which would be very much a non-salary-or-hourly-wage part of total comp?)

deleted 4y ago
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mightymikey 4y ago
Netflix pays all base, with separate allowances for benefits. It lets employees choose what percentage of their base is granted as options. It's all very public: https://jobs.netflix.com/work-life-philosophy https://jobs.netflix.com/work-life-philosophy > Stock Option Program: Each employee chooses each year how much of their compensation they want in salary versus stock options. You can choose all cash, all options, or whatever combination suits you. You choose how much risk and upside (down) you want. These 10-year stock options are fully-vested and you keep them even if you leave Netflix.
- dragonwriter 4y ago
  > Netflix pays all base, with separate allowances for benefits The details from 2020 (only ones I can find) I've seen posted say they have, e.g., a $15k allowance for health insurance, of which only $5k is refundable as cash if not used, and a 5% on top of base “free option” stock option purchase in their ESPP, as well as choice for elective purchase, and other compensation in excess of salary and hourly wage. OTOH, if they actually are just calling their “base” (which is in fact at least potentially salary) “total comp” when it is isn’t actually total total comp, just closer to total comp than base salary typically is for the industry, that’s probably not a violation of the law.
  - mightymikey 4y ago
    the issue is that the employee has the option of turning a portion of that base into options. which means netflix is de facto offering "total comp", with "100% cash" being one option for that total comp offer.