Say for the sake of a hypothetical situation you get a offer at FB for 450k a year at T5 (top of band) and another offer for Instagram for T6 also at 450k a year (nowhere near top of the T6 band). Not real numbers or even possible (I think IG and FB would sync their TC / leveling if you got offers from both orgs) but bear with me for the sake of the question. I often get the response from recruiters when discussing leveling that it might be “bad” to come in at the top of band for a role but don’t really believe the downsides (not as much room for salary growth at that level) outweigh the upsides. P.S. I am not at Google anymore. I joined a startup that went public this year hence the high TC. TC: 480k YOE: 9 TLDR: Are there any downsides to joining a company with a TC that’s at the “top of the levels salary band”? Regardless of the company - I just used FB as an easy popular employer.
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Multiplier at FB will compensate the difference quite a bit. Say you are going to be an amazing 5 but only average 6. Comp wise they will be roughly the same with the higher perf multipliers.
Hmm so does that mean if you could in effect make a t6’s salary at t5 with good performance? In that case I do feel like it would be beneficial to stay a t5 rather than ascend to t6 if you want the option of taking a half easy for greater WLB
Key is to still be “amazing” 5 and get Greatly Exceeds or above which is not tough id you already perform at 6 level. GE is 2x
Was wondering this as well
Great question. Following
Lower level of higher band would have higher TC than higher level of lower band. Also, higher level would get more refreshers.
Hmm I feel like I may have poorly phrased my question and we are on different pages about this. For the sake of solidifying my larger question: Say you get a T6 offer from FB for 450k a year TC (and the TC cap for T6 at FB is 700k) Say you also get an offer from Google for T5 for a TC at 450k (and the cap for T5 TC’s at Google is ~450k) Which offer should someone choose and why?
In this case, you should choose FB. Cause at Google you are not getting promoted in a year, so no change in TC. However, you might get a decent hike at FB.
Getting hired at a higher level is MUCH easier that getting promoted to that level.
Promotions are often political and dependent on projects assigned. As such, go for T6.
Is this assuming everything else is the same such as TC, company brand etc? Would your answer change if the companies were not in the same tier?
Why would you join high level with low TC for that band?? Low TC band is reserved for internal promotions. If you are joining from outside and cleared interviews for higher level, then negotiate to get mid/high TC for that band.
This is a great point. I suppose this adds another facet to the question. What if you are currently at the top of your band at your company and get an offer from another company one level up but at the same salary 🤔. This question stemmed mainly from a few recruiters telling me “being at the top of your salary band is not a good thing” which feels kind of like a dirty tactic?
It isn't, in the sense that comp growth is lower at top of band. Just depends how you personally prefer to balance comp and expectations
@op What are the benefits of joining at top of the band for Lower level?
None, you just make more than your coworkers who are in the same band.
I guess the only one I can think of is if you don’t want to ascend to the next level (because the expectations of a t6 are tremendous coming into a new company with no allies in the org) and want to live as comfortably as possible. But this is really more of a response to getting a few offers “at the top of the t5 band” where recruiters tell me “this might be bad because there is no room for growth” and I was hoping to decipher if that is a tactic or genuinely not a good situation to be in.
My 2c... its better to be at the bottom of the higher band as long as you are competent enough not to get fired at that level. Over time, companies tend to do market analysis and adjust comp accordingly to ensure everyone is within a reasonable band.
What's the question? Taking a pay cut to join a company?
Ohh no, I am wondering what the downsides of taking a role at a company at the “top of the salary band” might be. I’ll rephrase the question, ty for the freeback