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Amazon (at least used to, when I last looked at joining them) had a cash compensation max of around 175k-200k for essentially all engineers, with all comp great
by mandevil 4y ago
Amazon (at least used to, when I last looked at joining them) had a cash compensation max of around 175k-200k for essentially all engineers, with all comp greater than that coming as equity (with, according to what I heard, a 15% per-year assumed increase in the stock price factored into your comp package). So the employees really do care about the value of the stock, since a very large % of their comp comes from that going up.
- coredog64 4y agoAmazon revised the bands last year (at the height of pandemic comp craziness), so it’s now theoretically possible to get something like $300k in base. But the second half is correct. Amazon comp assumes 15% IRR. This wasn’t true for 2022, and it’s not true for 2023, leading to lots of complaints on Blind.
- mh8h 4y agoAmazon also sets compensation targets, and if the stock price goes high enough for the employee to reach the compensation targets without new stock grants, no new stock grant is given. So there is no motivation to stay for long, even when the stock is doing well.