Engineering

Why does fb give returning interns such a large (100k) signing bonus?

LinkedInzwnb04
Sep 9, 2017

Why does fb give returning interns such a large (100k) signing bonus?

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  • Bank of AmericaBIXh16
    It's according to the market rate
    Sep 9, 20171
    • UberT3B3
      That's far from market rate...that's their rate
      Sep 9, 2017
  • Amazon / Engbezo$
    Yup, but over the course of two years. You don't get that right away
    Sep 9, 20175
    • FacebookSunnyToday
      Wrong. Half of it will be given as soon as the offer is accepted (which could be 6 months - 1 year before start date) and the other half in your first paycheck.
      Sep 9, 2017
    • Amazon / EnghelloWorlb
      Oh, thanks for correcting. My bad!
      Sep 9, 2017
    • Epic / Eng
      KHCx54

      EpicEng

      BIO
      looking for a software developer role
      KHCx54more
      @SunnyToday, could I grab a referral from ya?
      Sep 9, 2017
    • Criteohkoc29
      Nope. It's all given on the first pay. Pro-rated return if leave within first year
      Sep 9, 2017
    • Facebook / EngUuUu
      Can confirm what SunnyToday said. If the signing bonus reaches a certain level, you will get them in two checks as said above.
      Sep 10, 2017
  • MicrosoftHWHO51
    Oh I don't know, to retain them maybe ?
    Sep 9, 20170
  • New / DesignIsaiah
    My guess, to pay them for their time spent there and so that they dont have to live in their cars while they work.
    Sep 9, 20171
    • Bank of AmericaBIXh16
      Lol
      Sep 9, 2017
  • Google / Eng
    pdurnxkw

    GoogleEng

    PRE
    Uber
    pdurnxkwmore
    The money can be used by the interns to purchase goods and services that the interns want. This is intended to make the interns want to work for Facebook in exchange for those goods and services.
    Sep 9, 20170
  • Databricks / Eng
    datadicks

    DatabricksEng

    BIO
    I suck
    datadicksmore
    Because they fucking can
    Sep 9, 20170
  • Microsoft$oftie
    I'm not sure if this makes any economic sense. You can buy their loyalty upfront, but if you don't treat them well, and they leave in a year or two, that 100k becomes money that is badly spent.
    Sep 9, 20172
    • Biddlistbertha
      I would assume they did some research and ran some models to inform this decision
      Sep 9, 2017
    • Databricks / Eng
      datadicks

      DatabricksEng

      BIO
      I suck
      datadicksmore
      And from what i heard they are being treated very well
      Sep 9, 2017
  • RedditXhiwis
    One reason is the interns already know how fb works so ramp up time is less
    Sep 9, 20170
  • Salesforce / Eng
    hNyl65

    SalesforceEng

    PRE
    Microsoft
    BIO
    Two hands, two legs, one torso and one big head!
    hNyl65more
    To pay off student loan. It would buy them loyalty for a very long time.
    Sep 9, 20170
  • Airbnb / Engmusta.ch
    Interns are the lowest risk hires you can make. You have 3 months of their work history, and know with extremely high confidence that you are hiring somebody who will be a strong performer. Compared to an industry hire, where all you have is a few hours of puzzle-solving to judge off of, this is a much better bet.
    Sep 9, 20170
  • FacebookThe one an
    I'll answer your question with another question: Why not?
    Sep 9, 20171
    • Intuitkzinti
      Oh, Socrates...
      Sep 9, 2017
  • Facebook / EngEpicMPK
    Not only return intern.
    Sep 9, 20170
  • Facebooksillyboy
    It's 75k these days and not 100k anymore
    Sep 11, 20171
    • Microsoft$oftie
      How reliable is this info? Anyway sounds like they give interns more money than industry hires. Sounds strange to me.
      Sep 11, 2017
  • Facebook / Englittlehead
    75k this year for meet and exceed interns
    Sep 11, 20170
  • Databricks / Eng
    datadicks

    DatabricksEng

    BIO
    I suck
    datadicksmore
    Winter is coming
    Sep 11, 20170

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