Hello, I recently got an offer from Amazon for SDE2. The offer says that I would be paid 1st year and 2nd year sign-on bonus on installment every month. AFAIK, the first year bonus is paid in lump sum. Is that normal for Amazon?
It’s signing bonus or sign-on bonus, fyi
typo fixed... thanks
Yep, it's how you get eased into the trap that is backweighted vesting.
Your question is confusing. In episode one you note the bonus is paid out in installment every month. In episode 2, your question is about lump sum. It’s not a lump sum (one big payment on first paycheck), its installments. Installments is good because then you don’t have to pay anything back if you leave before end of year 2.
By lump sum, I meant that big payment on 1st paycheck. I have never heard of anyone getting 1st year bonus in installment. I might be wrong though. For me, lump sum amount makes sense since I wouldn't not going anywhere for a year if I accept offer.
It’s installment because it’s not a real bonus, it’s up front cash for the first two years to give time for your RSUs to grow and get you ready for Amazon’s real compensation plan (a significant chunk of your yearly compensation should be in the form of stock).
If it’s low (not sure if limit is 25k) you get it as a lump sum. Other wise you get it over the whole year as installment
It is normal. It's after a certain amount. Small signons are lump sum. Mine is an installment as well
1st year is lump sum, 2nd year is monthly
Wrong. Both years are paid out monthly
The Amazon sign on bonuses are paid in weekly installments so that if you quit nothing needs to be repaid
Yes, it's to make up for the 5, 15, 40, 40 vesting. You get cash to balance it out