Does your company significantly reward high performers?
In Facebook we have the discretionary equity (DE) as a tool to reward top performers, as picked by the director, by giving them additional equity to vest over 4 years. The DE is 3-6 times the value of a typical refresher of that level. This makes a good performer have a compensation well beyond competitive rates paid by other companies, so it’s used as a retention tool for top performers. Does your company significantly reward high performers? 2X and 3X cash bonuses are fine, but they do not affect TC nearly as a Facebook DE. I heard that Uber years ago truly rewarded their top performers. What about Google, Amazon, Netflix, etc? Does Uber still have these 100%+ bonuses?
My bad. This is primarily discussing SWE population. Performance bonus multiplier is 15-20% for Senior / Staff levels. With this multiplier, Exceeding expectations at Facebook will get you 25% of that. That’s about 200k * 0.2 * 0.25 = 10k more, a year, for an E6. Definitely not worth the time or effort done to exceed expectations for 2-2.5% of the TC or 5% of base. Hence, Facebook singles out critical employees and showers them with sizable stock grants. The question here is, are there retention tools like this in your company? Where do you work?
My impression is that at Apple (at least in Siri org) there is not that much possible. There are refreshers, but the size does not seem to change much with rating (as long as you’re good or better), and raises to base are quite modest even for high rating. So in some sense you are stuck with the base you negotiated when getting hired. Please correct me if I’m wrong.
There is no such performance based program at Apple. Directors get a budget and distribute it the way they feel with their managers, who further break it down between their employees.
I work at Intel is not an option in your survey
Roku gives equal reward for everyone. Refreshers apply only after initial grant is completely vested.
It seems Roku got inspiration from Amazon on how to pay refreshers.
High rankings are 4%-5% raises. Bonus is on a multiplier
I don't think we have bonus. But I suspect high performers get big raises.
WTF? I don’t understand how your comp doesn’t change with performance. I know what my coworkers made (for reasons I won’t disclose here) vs. what I made and I can tell you there’s a BIG swing in performance. You might see that your YoY TC hasn’t changed much but that doesn’t mean your performance has changed much either. I’m seeing a TC swing of over $100K at the very least (sales).
True. Sorry, I should’ve realized this was SWE