When people are talking about TC in blind, do they talk about {base + total stock + total signing}? I'm in talks with recruiter and they seem to be focussing on the first year income(base + first year sign on + first year RSUs value) as TC. Current TC - 160 YOE - 3
TC is calculated as 4 year average
No its not
Then ?
For amazon sign on should be considered in the TC because they use it as a replacement for RSUs in Y1 and Y2, but otherwise it shouldn't be considered.
i think sharing base salary as well as tc would be great
But what is TC?
i see tc as base salary + base bonus + % of stock that vests per year so for amazon tc would be base salary + 5% of stock for first year?
From what I understand, TC has different meanings for different people but ideally it should be what people make in the current year?
To me I calculate assuming a flat stock price. Might go up, might go down. You can say they always beat the market but they are way ahead of themselves since economy is great but when recession comes, they will tank hard.
Avg expected salary in the next 4 years assuming constant stock value, and avg performance
Because Amazon stock vest is not even across 4 years, you need to factor in the joining bonus in your TC. In other companies this is not the case, heard Snap did something similar long back as well.
Yes, the sign on bonus is quite significant and spread over 2 years so is a big part of TC unlike other companies.
Well it is truly a sign on bonus in that benefits are given relative to base salary, not the sign on so I don't know really how sign on is like a salary other in that it is paid monthly as well. Note that for lower sign on bonuses they are paid less frequently than that.
Base + annual stock + annual bonus. No sign-on.
No, first year sign on is included