Meta is hiring recruiters but not offering stocks/equity. Do we see this happening in tech/engineering soon considering the market? Edit - Folks has mentioned that this is a contract position hence there is no equity. But Meta had laid off recruiters and hiring them on a contract now. Similar thing is possible in tech and engineering.
These are contract roles (see “1 year short term position”). This makes sense for recruiting where their staffing needs in a year are hard to project. No equity is very common for contract roles.
It’s not a contract role since they technically are employees of Meta and receive the same benefits (except bonus/RSUs).
I was a STE (Short Term Employee) of Meta for a 12 month role (Engineering). I had almost identical benefits to FTE including 401k, Health Insurance, Laundry benefits (back in the day). I also had access to engineering resources that interns could not access. My compensation was all-cash, salary-only. Post-docs who are effectively short-term research scientists (sometimes for visa purposes, researchers can be on J1 if their contract has an expiry date), were also compensated the same.
And the sky is falling,
This has happened before, and it will happen again. Hiring slows, they lay off recruiters. Hiring picks up, they hire them back as contractors. Hiring picks up at an insane rate, covert contractors to FTE and hire FTE recruiters. Wash, rinse, repeat. - Signed, a recruiter that’s been doing this for a very long time.
Hopefully that happens soon
Indeed it is a positive sign but some are freaking out
That's the life of working in recruiting
We need to stop buying piece of shit tech stocks like meta
Contractor role
Rumors at Amazon last comp season were that starting in 2025 comp would become mostly cash instead of mostly equity (like Roku)..
Sounds perfect. We’re deep in our Ballmer period right now with Jassy. The stock isn’t going to sky rocket anymore, more than happy if it remained stable.
15% stock growth is built into your TC target, meaning if it doesn't perform (it won't) you lose money. This sounds like a good thing.
Why would they give stock/equity for short term contract positions? You're extrapolating a whole lot when it's explained right there in your screenshot
OP is in HR and still learning to read
Unnecessary trolling
Does tech/eng even have short term 1 year roles ? Do they get equity ?
Google used to do 2 year terms. I think they got stock, but not the bonus (or maybe it was the other way around).
do you think they offer the kitchen staff equity?
According to blind the kitchen staff makes 415 TC with 100k in RSU each year in refreshers and a free trip to Maldives
i know for a fact they didn’t go to maldives since covid. lies