4 ms·
2 year vesting period. Not that that's a huge draw back in the majority of cases. I'd stay at a job for two years for 750k extra per year.
by jjice 1y ago
2 year vesting period. Not that that's a huge draw back in the majority of cases. I'd stay at a job for two years for 750k extra per year.
- saalweachter 1y agoIt's a bargain I expect most people would take, even with what I'm about to say next, but I also predict this is going to be a situation rife with abuse, with employees being pressured to "work extra hard" (eg, live in the office) during these two years, and plenty of people being fired for under-performing (eg, not living in the office) so they can avoid paying out the bonus to as many people as possible. Also, most new hires will have the impression that another 1.5M 2-year retention bonus is right around the corner, but won't actually get one.
- lurking_swe 1y agoIf you do that (to that extreme), then you guarantee they will all leave after 2 years, and you have another retention problem. That’s just bone headed in my opinion.
- saalweachter 1y agoDepends on the strategic goals. Plenty of companies have succeeded running high-churn operations getting a few good years from employees before they burn out and take a lower-stress job, maybe not even with a competitor (because they don't want to jump on the same treadmill at a similar company), or even just dropping out to raise goats.
- deadbabe 1y agoIn 2 years, you can offer another 1.5 million dollar bonus for the employees that didn’t churn out.
- y-curious 1y ago750k on top of the insane salaries and resumé boost. Definitely happy for them and extremely envious