How does Promotion Comp work at FB?

Deloitte
justincord

Go to company page Deloitte

justincord
Oct 3, 2020 9 Comments

I'm joining FB in a little bit, and I'm curious how these companies reconcile RSU compensation. I've been looking at levels.fyi for details and I'm a little lost.

Let's say you come in as a E4 at 250 yearly TC with 50k a year in RSU as your initial grant, and then get promoted in like 18 months to E5 - do they knock up your refreshers so that your RSU amount hits into the E5 band - which looks like the median is around 100k a year? Or do you get another 4 year RSU grant that replaces your initial grant but also resets the four year clock?

Or are you just stiffed and I should've come in as an E5?

Edit: I'm joining Facebook to provide clarity

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TOP 9 Comments
  • Facebook
    iscbjorfhj

    Go to company page Facebook

    iscbjorfhj
    Refreshers go up. Every one at a particular level gets the same target refresh. $220k in 2020 for E6 for example. I would say, base pay corrects pretty fast. But overall TC lags unless you get really good AE (additional equity). Your manager can do nothing about your TC so no point discussing with them.
    Oct 3, 2020 3
    • Deloitte
      justincord

      Go to company page Deloitte

      justincord
      OP
      Mmmmm ok - so basically if 220k annum was e6 target refresh - and I came in with like 150k annum in RSU, I'd get a 70k refresher, and if I came in with 100k annum in RSU, I'd get 120k in refresher?
      Oct 3, 2020
    • Uber
      iw!2$ajw

      Go to company page Uber

      iw!2$ajw
      Refreshers amount depends on level
      For E4 it is around 70-80k over 4 years at fb
      Oct 3, 2020
  • New
    jSJs14

    New

    jSJs14
    This is different at each FAANG company. There is not a universal policy. Amazon in particular does this very differently from its peers.
    Oct 3, 2020 3
    • How does Amazon do it?
      Oct 3, 2020
    • New
      jSJs14

      New

      jSJs14
      FB gives an amount based on performance and level each year. If you get promoted, you get the amount for the new level but there's no correction for past RSUs. You could get a special award if you are killing it.

      Amazon sets a target TC for every employee. When you're hired, they assume 15% stock appreciation into the TC. Each year, they check how your TC is compared to target. If it's above, you get no refresher. This is the normal case because stock appreciation has been high historically. There is no cash or stock bonus. Only adjustments to TC to target. If you get promoted, your target TC will increase and you might get more stock. But again if stock appreciation already has you above the new target, there's no new stock awards.
      Oct 3, 2020
  • When you get promoted your annual refresher and bonus targets go up. You dont get additional stock up front
    Oct 3, 2020 0