Heard about a verbal offer today Apparently they want to do (in sgd) 500k TC year 1 comprised of Approx 265k base 250 K signing 400K TC year 2 comprised of 265 k base 135k signing 100 RSU apparently higher 1st year signing as they want to attract me to the region (.sg) 16yoe, work in IT security C level. Is this decent? Concerned about massive drop in year 2 (and 5% effectively 5 shares) in year 2 would be a massive drop from year 1 and year 3 no signing bonus and (15 shares + 265k base) seems like an even worse deal (if my sums are right, would effectively be a 300k TC in year 3 - so effectively 'losing' 100k per year). Please advise
Are you sure the offer was communicated to you correctly? This is not standard. Usually the offer is designed to provide a consistent TC across the first four years. Never seen it drop off after the first year.
Yes apparently they want it like that to make it appealing to come to the region but then y2 would fall back to “normal” levels
Vesting should be 5/15/40/40 starting y1 not y2
Sent you a DM
So Real offer changed vs what was communicated verbally (as it was subject to approvals apparently) It’s no longer l7, it’s l6 260k base + 200k signon y1 + 5 shares 260 base + 100k singon y2 + 15 Shares 260 base + 40 shares 260 base + 40 shares All in SGD except RSU. C level security executive before my current role, I was an SVP with a major investment bank technology in London. Approx 16yoe. Have managed large teams and budgets and currently report into BoD Feels like a massive downgrade Salary seems to drop massively in all subsequent years and if share does well ok but if it doesn’t then I’m shafted And who knows how long it will take to climb back up to l7 Had a look on LinkedIn at other l6 folks and don’t feel they’ve had similar types of roles in their careers before joining / entering the org at that level. Inclined to decline unless I’m making a lot of wrong assumptions here.
According to them money wise I’m l7 but level wise I would be l6. Don’t know if I should believe this. Been lied to a lot throughout my career.
Amazon l7 maps to l6 in FB/google/grab (grab pays less compared to the others). The TC (including Signon) its quite high and definitely in tune with L6 at fb/google. The TC definitely drops a lot in 3rd/4th year if stocks do not rise. Buts that's how Amazon is and depends more on your trust in the company.
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I thought salary maxed at $160k everything else is signing bonus and RSUs
(This is in Singapore dollars)