Hi, I am working at Verizon Media. May i please know what is the 1. Yearly salary hike one can expect 2. Yearly bonus and 3. Salary you get when promoted as Principal Software Engineer. Do we again get stocks or stocks are only given when you join the company?
As far as I know, currently there is no full time hiring happening because of covid.
Ah gotcha. We're in a freeze too, though some internal stuff still pops up. Guess it's the same there.
Your target bonus percentage should’ve been given to you with your offer. All three of those are dependent on your performance. I think there are 3 performance levels (under / performing / exceeding) that determine your three numbers
Last year it was 3% hike (for “performing”) and 15% bonus for Principal engineer. There will likely be an RSU package, though the amount depends on various factors. You can always check out http://levels.fyi for average salary at different levels (though you would likely start lower than the average IC5 when just being promoted to it)
OP, check out yo/imake for some salary numbers. Also, target bonus for IC4 and 5 is 15%. Don't know if there's a fixed yearly hike, but there have been posts in VzM lounge where a lot of people shared their bonus and hike.
Can't help with your questions, but any referral possibilities in your org? I'm under Verizon Communications (non media group) and in a really stagnant spot.