I have seen many data points that internal promos lead to lower total compensation than external hires. My theory is that refreshers you got is much less than the initial grant you will get from a higher level. Most people choose to jump around when got promoted. it seems to me that you will be paid below the market rate everytime you got promoted. i was wondering what happens at an call cash companies, e.g., netflix or other financial companies. do they adjust compensation more quickly? in other words, internal promos and external hires have similar compensation for the same level. #stock #rsu #allcash
In non fang, I can tell you that many companies will hire u at a certain level and you will stay at that level for a while and new hires will come in at a higher level than when you came in but with less experience
New hires with less experience have higher levels and pay? How is that possible?
Because they hop and get higher pay than if they just stay in one place.