Just got promoted to L4. Don’t think raise is sufficient.
Alright L4’s at Amazon. I need your help. I just got promoted to L4 after less than a year. My raise was 10% and I’m in an assistant manager position, but the more I talk to my peers who are L3’s the more I’m realizing a majority of them are making more than me, even post promotion. How do I address this with my Senior??
What group are you in and how much are you making now? I'm currently L4 in my group and I've spoken to other L4s and we all make pretty close to what each other makes. I'm at $73K base, $12K starting bonus, $10K 2nd year bonus with 45 shares of stock.
I promoted one of my guys to L6 and Max I could do was 10% increase in the base. Stock price has appreciated so much that no further RSUs could be granted.
When you get promoted you get bumped to the lower band of the next level. If you are too far below target, they will readjust next comp cycle.
What for the next raise, have regular meetings on how you are hitting your set targets / exceeding. Find another job if the raise isn't sufficient
You received a 10% bump and whining? Many of us receive 0% raises. Enjoy it or go to another company if money is what motivates you. Other companies pay much better than Amazon. Your co-workers May have negotiated better than you when hired in.
Ask for more money.
You quit?