There's a lot of rants about pip and delayed stock award at amazon. I believe people who complain are all at foot soldier level. I'm also a foot soldier, but I can easily think from C-level perspective why these mechanisms are great for the company and stakeholders. You cannot deny that Jeff is a genius businessman. Pip: the spirit is to improve underperformers and avoid lawsuit. In reality, it works really well with the 5/15/40/40 vesting schedule. Employees work their ass off in order to get the big vests on year 3/4. However, by the time they survive year 2, amazon stock has usually doubled, which makes these employees crazily overpaid. By pip them out, you can immediately get new employees with market price. Technically, you are only paying 75%~80% of the TC on offer letter over the course of your employee's tenure. Delayed stock award: this is even more genius. Firstly, it acknowledges your contribution to amazon in the current year emotionally. Second, you have to survive for another 2 years to get the reward. If you underperform, you will be piped which justified your losing the reward. It's typical social engineering techniques master uses to motivate, keep and eventually dump slaves after using them up. You would question this will damage reputation and make amazon unable to hire. You are wrong. Amazon can pay a very small sum to glassdoor and linkedin to be rated as the best employer in the world. It's way cheaper than giving up valuable stocks. Also, it's human nature for you to only hate the SDM who pips you. Amazon SDM won't find jobs elsewhere, but that's actually beneficial to C-level, because what's not owned by you is better destroyed than goes to competitors. Amazon will never run out of talents by doing this. Tech companies in india, china and other 3rd world countries are 100x worse. Coming to amazon is like coming to heaven for these H1B workers. It sucks for us Americans but it's the reality. I only want to remind the foot soldiers on blind that you have to think from C-level perspective. I have an uncle who happens to own a small tech company. He as a founder thinks highly of the amazon model. Please don't hate me for saying the truth. I'm only a foot soldier who think as a C-level executive sometimes.
You're wrong about reputation. Glassdoor is fake, doesn't matter. Instead, I see Amazon building big offices in cities where people don't know to avoid them, and a lot of people get messages from more Amazon recruiters than any other company. I know really smart people who could be making a lot more at Amazon but aren't interested.
Which works, doesn't it? I'm from a city where I've nothing about the shit and joined amazon based on top employer list.
Then Amazon LTs don’t have right to call Amazon as family. I think after certain point a company should start thinking about their employees and not just about business. It make sense at early phase of the company they want great employees working day and night for the company. However once a company becomes huge and self sustainable then they should care more about employees.
Small companies cannot afford doing shit to talents because they rely on talents to succeed. Amazon doesn't care because it relies on the well designed system instead of individual talents to succeed.
At a certain point the stock will stop going up…. Then the comp package will no longer be as interesting…. Cisco, Intel, ibm
I don't see amazon stock slowing any time soon. I'm holding more AMZN than anything. Every piped employee means 0.001% increase in stock price in theory.
Smh…. Can’t have blinders on to what could happen.
So in this way you can also justify the American Slave labour!!! Do you want too? What about ethics? Is buisness important then people dying? Its not genius my friend its out right inhumane!
You've done some good thinking about how the C-level thinks which is great! However, I think you identify completely with that thought process. Aren't you the same guy who wrote this: https://www.teamblind.com/post/Ex-googlemicrosoft-getting-pip-WzgCxCQH If you think about it from the employee perspective, the way Amazon deals with pip/delayed stock awards are outright tyrannical. You feel overworked in the first 2 years and that is usually enough time to burn out. Enough for managers to pip you for 'underperforming'? It's only underperforming BECAUSE you started off being overworked and can't keep that up. And Amazon stock having doubled in 2 years makes it okay for the employer to pip you out? You're joining them for the entire grant that you were given pre-appreciation. The appreciation shouldn't be part of your salary. It should be just that, appreciation. Claiming that because the stock appreciated, it's okay for us not to give you your 2 major stock grants cause "you earned more than you thought you would anyways right?" is outright malpractice. Pip came from a positive place but URA isn't encouraging people to work harder. It's making them work hard with no hope for genuine results because quota. Associating yourself with this kind of employment practice is not gonna work out well for you in the long run. Most other companies value you for the work you bring in and reward you fairly. You're a highly capable engineer, and you deserved to be treated as such.
" by the time they survive year 2, amazon stock has usually doubled," happens only in bull market, imagine market crashes or stays sideways in next few years how will the AMZN model survive?
Stock vesting schedule being bad is a myth. For the first two years you get a hefty joining bonus. Everything put together my experience has been Amazon pays more than fair
Sucking on Jeff's co*k much? Nor Glassdoor nor Linkedin will risk their reputation by getting paid to call Amazon the best work environment.
Lol you are living under the rocks or Jeffs balls 🤸
lolol
Is it just me or others usually focus on the base pay since that’s my ultimate goal to get a better base pay and then worry about other benefits, not that I’d say no to the rsu etc
base pays the bill. stock is what draws people to FAANG
Fully aware of that. Wish me luck I got NDM phone interview coming but those are tough