Amazon doesn’t give refreshers?
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?
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
Can confirm. This is what happened to my friends as well. It begs the question, if the stock depreciates, does that mean they will increase the bonus and refresher to compensate and maintain TC?
@toffees nice one
If stock is rising, you don't get any new RSUs for first 4 years...
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
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..
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.
Amazon will try hit a target comp, 4th year is no different
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.
Yes you can make less in any particular year than you did before.