Yelp compensation false promises

Yelp CXLX13
Jul 6, 2018 14 Comments

Yelp tells candidates they have a different compensation Structure where after a year you could get a stock refresh up to 50% of your initial offer. However this is FALSE! Myself and other employees have found that by the end of the year, even if you hit your goals and objectives, hr will give you whatever stock refresh target they want and it most likely is not 50% but 25%. On top of that everyone in g&a under lanny’s dictatorship received a lower % raise than what was earned and promised by their managers. He vetoed many people’s raises by decreasing the % points. All in all he is the worst leader and creates an extremely POOR culture here at yelp. Dear god get me out of here!

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TOP 14 Comments
  • Microsoft MrHyde🤖🤖
    Rule #1 - if it sounds too good to be true, it probably is...
    Jul 6, 2018 0
  • Splunk / Eng oliverray
    Can you review Yelp on yelp ?
    Jul 6, 2018 1
    • Yelp CXLX13
      OP
      Why not? 😀
      Jul 6, 2018
  • Symantec viruses
    I don't see how they missed their promise with you
    Jul 6, 2018 1
    • Yelp CXLX13
      OP
      Employees were led to believe that yelp has a formalized process in which each year you get a 50% refresh upon accepting an offer. After the year, many employees are being told by their managers that although they they qualify for the maximum refresh for their good work, the threshold isn’t actually 50% at all but rather much less.
      Jul 6, 2018
  • Amazon Grhh
    If it’s not written on offer letter then they could do anything they want!
    Jul 7, 2018 0
  • Yelp CXLX13
    OP
    Yep I want to make sure everybody knows.
    Jul 6, 2018 0
  • Yelp CXLX13
    OP
    You’re misunderstanding the post. The highest amount of stock refresh an employee can get was supposedly 50% (as communicated once someone received an offer) but even if you perform amazingly, they’re now coming back to employees saying no the highest you can get is something else like 25% or your original offer. Does this make sense ?
    Jul 6, 2018 3
    • Facebook depac
      So you know for a fact that no one got 50% and they're changing their original statement from 50% to 25% max.
      Jul 6, 2018
    • Yelp CXLX13
      OP
      Yes, either the 50% was never a real rule or they changed it this year. Have confirmed this with HR, my manager and other colleagues who found themselves in similar situations where they were blind sided. I’m also in finance so they have to tell me these policies for me to do my job.
      Jul 6, 2018
    • Facebook depac
      Thanks for warning people about this. Was starting to look into Yelp as their stock has been recovering nicely.
      Jul 6, 2018
  • Symantec viruses
    Up to mean max?
    Jul 6, 2018 1
    • Yelp CXLX13
      OP
      Not sure i understand your question.
      Jul 6, 2018
  • Cisco Hi🤓
    Why would you get the max stock refresh for “hitting goals and objectives”?

    You would get max for going above and beyond and being top tier and a “must retain” employee
    Jul 6, 2018 0

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