Does Cruise offer any annual bonus or RSU/PSU refresher on top of the initial offer you accepted when you joined?? Second question: what are the chances of not getting granted PSU on timely manner.. I am expecting an initial offer from Cruise. Will share numbers here once I have them. Asking above questions to negotiate better with the HR.
Inquiring minds want to know
No annual bonuses, most of the people (including me) haven’t been a year to comment on refreshers. PSU is awarded after meeting certain goals (final goal is to get the driver out of drivers seat). This is a very hard problem and no one can guarantee that it will even be solved. So PSU can take a lot time to be awarded. I know recruiters tell you that we are on track to complete the goals at X number of months, but unless you get that in writing, don’t bet on it. My take is that it would take 4+ years to get vested. Plus you are getting GM stocks which are cash settled. Look at GM growth rate and you will see it’s less than tech index funds, since it’s a dividend paying company. I would recommend joining if you like the work, and not for money - because it will be below market.
Right. GM stock growth is one of my concern as well with PSUs offering instead of full RSUs.. thanks for the information @786
I’ve gotten two grants in two years, if that answers your question. Agreed it’s a bit below market, but all cash is interesting... taking home ~350 cash means you need to be creative with taxes.
Even with RSU you still pay taxes, there is no difference. It's investment that matters.
Depends if they’re options
Are you considered an insider, or could you turn around and buy GM stock with the payout if you wanted?
Occasionally they'll do a "market analysis" and readjust people's salaries for their position. For me, that meant I got a pretty big chunk of cash added to my annual base completely unrelated to reviews, and I've been here less than a year. I don't know how often this happens though, but it does happen.
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