Why does fb give returning interns such a large (100k) signing bonus?
Why does fb give returning interns such a large (100k) signing bonus?
Yup, but over the course of two years. You don't get that right away
Oh I don't know, to retain them maybe ?
My guess, to pay them for their time spent there and so that they dont have to live in their cars while they work.
Lol
The money can be used by the interns to purchase goods and services that the interns want. This is intended to make the interns want to work for Facebook in exchange for those goods and services.
Because they fucking can
I'm not sure if this makes any economic sense. You can buy their loyalty upfront, but if you don't treat them well, and they leave in a year or two, that 100k becomes money that is badly spent.
I would assume they did some research and ran some models to inform this decision
And from what i heard they are being treated very well
One reason is the interns already know how fb works so ramp up time is less
To pay off student loan. It would buy them loyalty for a very long time.
Interns are the lowest risk hires you can make. You have 3 months of their work history, and know with extremely high confidence that you are hiring somebody who will be a strong performer. Compared to an industry hire, where all you have is a few hours of puzzle-solving to judge off of, this is a much better bet.
It's according to the market rate
That's far from market rate...that's their rate