Recently signed an offer at Netflix and the recruiter mentioned an annual comp review and not to worry about my recurring, citing it was gonna go up. How do these annual comp reviews work and what percentage does it increase your base by. TC: 250K Y1, 221 Y2 YOE: 0 #netflix
At any point in the year, your manager can increase your comp if needed. However, every October, the entire company goes through a comp review. It is based on the same idea that your offer was - that you should be paid "top of market" for your job. It isn't a guaranteed percentage of anything - it is all based on the market and you. I have gotten anywhere from 0-25% increases. Talking to colleagues, 10% is typical in a good year (not 2022) Note that it isn't considered a percentage increase at review time. It is based on the market and based on what your role is paying in the market at that time. So I have seen crazy increases (50%) in some cases where the engineer was performing at a high role and the market for that role went up. But if the market for your job doesn't move and you aren't showing that you are performing at the next level, don't expect an automatic % raise. Given you don't have much experience, your comp will probably increase quickly if you show proficiency at your job. Good luck and welcome to Netflix
Thanks I really appreciate this. With enough proficiency do you think an E4 promotion is possible from 12-18 months btw?
If you have 0 YOE, I wouldn't expect a promotion after 1 year unless you are a rockstar Levels are very new at Netflix (just started a few months ago) so I can't tell you what "typical" is But based on my experience at other companies, first promotions are typically 2 - 3 years YOE
Nice offer, are you from Ivy League ? or are you a PhD ?
T10 school not Ivy
@OP congratulations on the offer. Was this a SWE role ?
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They usually go up as in "up up and away". Anything not documented is just a good intention statement.
That is true. When I joined google my recruiter told me that google does not do stock refresher at the end of first calendar year of joining, which is obviously a huge bummer. But then he mentioned that managers usually have discretionary funds and they can make it up with some nice bonuses. Now in theory that is true, but in practice no manager is gonna throw more than a couple of thousand extra. So yeah take recruiters suggestions with a grain of salt. But I do see you have 0 YoE and with that TC in that market I’d take it!
@itman999 do you work at Netflix ?