Amazon doesn’t give refreshers?

Apr 28, 2018 20 Comments

Heard from a friend that if you are over your comp target due to stock appreciation you don’t get any refreshers? True? If so, do you take a big pay cut after 4 yrs?

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TOP 20 Comments
  • Amazon onky4j
    I got a kind of pay cut. My next two year comp is going to remain same as that of this year. I am taking in account 15% stock price increase in this when I say the salary for next years are same as that of this year. Funny thing is that Amazon did not worry about inflation as well :) and 15% bump on 1500 stock value is anyway super aspirational. I can see lot of senior engineers making a move out of Amazon because of this BS
    Apr 28, 2018 7
    • Amazon Vaspar
      Toffees - yes. That’s a specific part of the compensation plan called “making whole”
      Apr 28, 2018
    • Amazon onky4j
      @Vaspar I doubt if anyone in last 5 years has witnessed what you are saying.
      Based on company’s attitude on compensation design I doubt if they would ever compensate for dip in stock prices.
      Apr 28, 2018
    • Amazon Vaspar
      Of course it hasn’t been witnessed because the stock has been rocketing for almost a decade. But that’s part of the model.
      Apr 28, 2018
    • Amazon adrift
      If there’s a serious dip, and you are not thrown out, they might make adjustment.

      If small deep (like 20-40%) they may not, considering that most of us are probably already way above our comp and such dip will bring it back near target.
      Apr 28, 2018
    • Twitch Meowmeowa
      If there's a serious dip I bet they'll give us refreshers that vest in two years
      Apr 29, 2018
  • Amazon / Eng Zunio
    Amazon will try hit a target comp, 4th year is no different
    Apr 28, 2018 5
    • OP
      Yeah but the question is on the exact mechanics. If you hit target comp due to stock appreciation you don’t get anything as refreshers. Essentially you get a pay cut due to that as your initial grants are vested.
      Apr 28, 2018
    • Amazon / Eng ᕕ( ᐛ )ᕗ
      Yes you can make less in any particular year than you did before.
      Apr 28, 2018
    • Amazon / Eng Zunio
      You were over paid in the previous years, that’s how you should view it
      Apr 28, 2018
    • Amazon adrift
      Exact mechanic is they will give you more if they have to, to maintain your target level. If they don’t that means they’re signaling you need to leave.

      Having said that, you can make less than a previous year if it was way above your previous target comp because of stock growth.

      @Zunio
      Yes we should view it as being over-paid in the prev year, but since it’s because of market, everything becomes more expensive, especially if you’re trying to buy a home. Those realtors kind of adjust the local market based on AMZN, and you’ll be lured to be optimistic and buy at their high price. Later when your comp will go down it will bite.
      Apr 28, 2018
    • Amazon / Eng Zunio
      Don’t buy a house then....
      Apr 28, 2018
  • Twitch Twitch
    If stock is rising, you don't get any new RSUs for first 4 years...
    Apr 28, 2018 4
    • Amazon onky4j
      That’s not true. I have got stocks in my 3rd year and onwards. Price of stocks have been increasing linearly since I joined. Either you as a manager give this as a reason to your reporters or sadly you have been given this reason by your manager for not granting you any stocks
      Apr 28, 2018
    • Twitch Twitch
      If you received your refresher during your 3rd years, that means that won't vest until 5th year.. that's what I meant in my comment.. no additional stock will be vesting until your 5th year.. for the first 4 years, you get what you negotiated during offer + stock price appreciation..
      Apr 30, 2018
    • Amazon onky4j
      That’s what I said, it is not true
      Apr 30, 2018
    • Twitch Twitch
      Ohh. interesting..
      Apr 30, 2018
  • Amazon jeeef
    I was promised refreshers from recruiting and from my manager who is not longer here. This year? Nope. Amazon says I made too much off stock already.
    Feb 26 0

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