How does Netflix compensation works pls

Can you help me understand how Netflix compensation works. If someone gets $600k cash upon hire, is that annually or you get less than that subsequently ?

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Turbonomic redvelvetc Jun 29, 2021

Thought it was weekly

Amazon papabezoss Jun 29, 2021

It’s daily

Oracle (o)n^n Jun 29, 2021

600k cash or 600k RSU all upfront upon signing

Amazon wawY45 Jun 30, 2021

Why does everyone seem to get cash instead of RSU? Isn't the upside of RSU worth a shot?

Netflix bBkH22 Jun 29, 2021

Netflix comp is the simplest of them all: they give you one all-cash number; that’s your yearly income (until next comp review cycle which typically happens end of each year). You can choose to divert part of your income (from 0% to 100%) to the stock option plan where you can purchase 10 year options at 40% of the strike price. Typically no sign on, no bonus, no RSUs, no performance linked component so… simple.

JPMorgan Chase gshf Jun 29, 2021

how smart you have to be to get there, and survive?

Atlassian bByv85 Jun 29, 2021

Health insurance?

Wayfair BlueCouch Jun 29, 2021

$600K cash on hire? Wut? Is the recruiter sliding you a suitcase full of cash across the table?

Microsoft 𝔟𝔩ï𝔫𝔡 Jun 29, 2021

Of course not. It's $600k in pennies. A suitcase would be too small.

Wayfair BlueCouch Jun 29, 2021

That's nearly 2 metric tons!! That table ain't holding it either. Op better be hella buff to bring that home.

Microsoft 𝔟𝔩ï𝔫𝔡 Jun 29, 2021

If you can't figure out how Netflix comp works from reading their website, you might not meet the hiring criteria described on the same website

Netflix purplemid Jun 29, 2021

😂