Re:Tech compensation in 2021
by loeg on Thursday October 14, 2021 @09:31PM
(#28872840)
Sure. A somewhat good TC maximization strategy for a desirable IC is to join a company, wait a year to see how the stock does; if it went up a lot, ride out the four-year grant. If it's down, switch employers.
> That's ignoring extra (~10% of base) for on-call compensation.
What FAANG companies do this? I haven't heard of it.
> There's a company in FAANG known for their frugality famous for not offering refresh "because the stock price is doing so well",
To be clear: Amazon does this. They also value their stock packages to the expectation their stock will grow 15% YoY. It means their offers are inflated relative to the same nominal figure from other employers.
> That's ignoring extra (~10% of base) for on-call compensation.
What FAANG companies do this? I haven't heard of it.
> There's a company in FAANG known for their frugality famous for not offering refresh "because the stock price is doing so well",
To be clear: Amazon does this. They also value their stock packages to the expectation their stock will grow 15% YoY. It means their offers are inflated relative to the same nominal figure from other employers.