Re:California forces companies to show pay on job listings, ...
by fatnoah on Friday January 06, 2023 @02:40PM
(#34279812)
I'd look into companies that are going to pay the most, which is why looking only at base could be bad.
For example, a senior software engineering manager a couple years ago might see something like Amazon,FB, and Google base salaries of $160k/$250k/$250k respectively.
That's only a fraction of the potential pay, though as both Facebook and Google have a 25% annual bonus. Amazon's package would likely include something like a $275k bonus for the first two years.
Now, add in stock. Both FB and Google would offer $1.4M+ worth of stock, vesting over four years. Amazon might be closer to $700k/800k at that time.
Finally, there are joining bonuses. I'm not sure about Google or Amazon, but FB can (could?) go up to $100k.
Regardless of the actual numbers, the point is that the "base" is less than 50% of your compensation in many cases. It's certainly an important data point as one thinks about possible future stock values, etc, but it sometimes only tells part of the story.
For example, a senior software engineering manager a couple years ago might see something like Amazon,FB, and Google base salaries of $160k/$250k/$250k respectively.
That's only a fraction of the potential pay, though as both Facebook and Google have a 25% annual bonus. Amazon's package would likely include something like a $275k bonus for the first two years.
Now, add in stock. Both FB and Google would offer $1.4M+ worth of stock, vesting over four years. Amazon might be closer to $700k/800k at that time.
Finally, there are joining bonuses. I'm not sure about Google or Amazon, but FB can (could?) go up to $100k.
Regardless of the actual numbers, the point is that the "base" is less than 50% of your compensation in many cases. It's certainly an important data point as one thinks about possible future stock values, etc, but it sometimes only tells part of the story.