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This will lead to universal low salaries, and real comp decided by bonuses and equity grants like with IB and Amazon. You don’t see full comp revealed, so since
by nytesky 3y ago
This will lead to universal low salaries, and real comp decided by bonuses and equity grants like with IB and Amazon. You don’t see full comp revealed, so since they have to show their hand it will trend down and make up the money for who they want to pay more with bonus etc
- tempsy 3y agoThere are other sites these companies know people check more than a posted salary range eg levels.fyi which would include everything
- LtWorf 3y agoSalary is money, bonuses are a bet. The 2 are not the same.
- SpicyLemonZest 3y agoThey're often not very bet-like in modern practice. One common setup is to have a "bonus target" of let's say 20% of your salary which is usually paid at par; perhaps you might get 25% if you get really great results or 15% if you have some big struggles.
- nytesky 3y agoYou should look into how investment bankers bonus work. If bonus was actual profit sharing, I would agree that it would be a different thing more akin to a bet, but the bonus is contingent mostly on your personal “performance” with some bail options if company hits the skids, but salary is a bet in that case as well, as you are an at will employee.
- LtWorf 3y agoMy company (USA located) paid less than the entirety of our bonuses because they lack money. My personal "performance" was fine. However performance without clear goals is useless, and with clear goals becomes a gamed metric.