Re:Jeff Bezos' annual shareholders letter
by grivescorbett on Wednesday April 18, 2018 @06:18PM
(#16871758)
Oh interesting. What precisely is a 2 year sign on reward?
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Re:Jeff Bezos' annual shareholders letter
by aluskuiuc on Wednesday April 18, 2018 @06:36PM
(#16871870)
Amazon has a target compensation for you for your first 4 years, with a cash signing bonus making up for the lack of stock in the first two years, so it evens out.
Of course the 5/15/40/40 model only applies to your signing; all further yearly stock grants are over the next 2 years from grant time.
Is it common to get additional grants during that first 4 years?
Re:Jeff Bezos' annual shareholders letter
by intopieces on Wednesday April 18, 2018 @11:34PM
(#16873139)
It's common to get a second vesting in your third year (or else your comp would go down). It's almost common to get a promotion around that time -- managers are responsible for promoting their employees, and it's taken seriously.
Re:Jeff Bezos' annual shareholders letter
by physcab on Thursday April 19, 2018 @12:39AM
(#16873377)
It also means your destiny is in your manager's hands, which can be unfair if you end up with a bad manager, or several new ones. And unfortunately at Amazon, this is very common (current employee here).
Re:Jeff Bezos' annual shareholders letter
by jhall1468 on Thursday April 19, 2018 @10:27AM
(#16876140)
That's literally every job ever. You aren't going to have a successful career at Google if your manager doesn't want you to. The org golden handcuffs are gone, so if you have a bad manager, change teams.
For the record "bad managers" are no more common or less common at Amazon as any other company.