With the stock market down, what is going on at Google?
I left Google earlier this year as I was really unhappy with my comp falling for a second year in row (despite high ratings and praise from the managers). I recall people at Google being pretty vocal and our VP saying they recognize the problem and looking for a way to deal with it. Now I see my Google holdings losing value and I wonder what do people think/say about their comp dropping. Are there any changes happening, like increasing ratio of the base? TC: 475k I’m tagging Facebook as well, I understand they also rely on RSUs for comp.
Why is the comp going down? Noogler here.
Basically, your comp at Google depends not on the stock price but on stock price _growth_ - if the stock price growth slows down, your comp will start falling as older grants get vested. I was lucky to join just before Ruth got hired so I benefited a lot from the stock price growth. As stock price stabilized, my TC started falling 7%/year.
But you get refreshers as well. right ? Unlike netflix
Stock market is a Gamble. Why would you assume that it will always go high? You never raised concerns when the value of your RSU went up if you're planning to hold the stocks for a few years and as long as you're not selling today you should not worry about your compensation going up or down
Dude, you're at $475 TC! Geeze. FWP.
Maybe he *was* underpaid at G.
Wouldn't be surprised.
All competitive tech companies that I can think of besides Netflix offer a stock component. It is not isolated to just G and FB
I'm not familiar with Netflix comp so I might be wrong on that
At Netflix it is all cash. I don’t care what happens to stock. But my question is if the people are really unhappy now and if there are any changes. I might consider going back...
Yeah stock pay is mostly bs. It's good you quit, actions like that drive pay up.
The whole point of paying RSUs is that they only go up when the company is doing well. If they don’t, you are supposed to work harder, not ask for a raise.
Lol are you just indirectly flexing your Netflix TC? Pointless question, because Netflix is the only top tier company to pay all cash.
Dude you make 475k
Would you be ok with companies docking pay for every bug you introduce or every wrong decision you make? Or reducing your holdings when the stock price goes up? Indicating that companies should increase comp because stocks have gone down is an asinine statement. If you agree to pay cuts when your comp goes up then maybe it makes sense for companies to make you whole if comp goes down
My current comp is isolated from stock market fluctuations. I believe this is how it should be. I can always buy stock if I want to, but I don’t want my comp be randomized.
nflxos, stocks are part of your TC and you should be prepared for them to fluctuate. This is what you agreed on when accepting the offer. You may loose or you may gain. That’s why you have base and stock part of TC.