Did the intel employees get their salary market corrected? Seems like Pat is paid handsomely.
Nice
Yes,we got significant salary increases. My TC increased by 170k
What percentage was the hike
About 35%
Yes, it’s happening. Some of my friends got upto 70% raise and some even got 3% in India. Not sure what their parameters were.
I guess based on performance on paper pay is as much as NVDA/AAPL. Stock appreciation is where you lose at Intel.
Pat don’t get shit unless stock performs. Read the article
Dude focus on your meta verse thingy Else your TC is nose diving further
Yes, we did.
Yes, basically what Pat did was anyone who was under 95% compa ratio was boosted up to 95% (CR is where you lie on the scale relative to select companies that HR chooses, 100% being the median). I was promoted 2 cycles ago so I was essentially put at the bottom of my grade level at ~80% so I essentially got a 20% raise in base salary alone. So unfortunately for people already at or above 95% CR got nothing besides their typical 2-3% raise, but from what I've been told they gave a huge amount in RSUs (huge relative to Intel, peanuts for everyone else) as a way to retain employees. Just recently, Pat changed the RSU cycles to every 3 years (rather than 4) and they also vest every quarter so we don't need to wait a full year to receive our grants. New hires also getting way more than usual as well. In addition, around last year it was announced that some roles (SW/HW) were all getting a 7% raise up to grade 7, in addition to the CR adjustment.
I missed the memo on the 3-year best,very nice! Where can I find that info in circuit ?
It's still four years, but every quarter
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Closed now - thank you all
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Crossed a line with my boss
I heard new employees are getting paid well. Not sure about existing employees
Very satisfied too 😙😊 But worried about notorious laid off history