Accepted an offer from a mid sized tech company 2 month ago and gave my 2 week notice last week. Instead of letting me go, my team offered to match outside comp (+50%) and increase the scope of my role a lot. Pros of staying at Amazon: looks great on resume, large future scope of the role, great WLB (at least on my team). Pros of accepting outside offer: high RSU upside over 4 years, more exciting tech space, more diverse resume. YOE: 9 TC: 360
This is called a dive and save. Happens at Amazon all the time.
If the reason to switch is only due to TC, then IMO jumping around just slow down the career growth.
Agreed. Plus ramping up at a new company takes significantly more energy. Now the counteroffer couldn't match TC and responsibilities or you had to worry about PIP and WLB it'd be a different story.
Outside option also has a more interesting tech space with better career prospects, but more uncertain scope
It’s trap
That counteroffer might come with a side of PIP sooner rather than later.
His manager won’t be happy with that extra 50% raise. If he did, he would have already. Also 50 percent is a lot.
I agree, 50% raise plus increased scope right after other company/team notice his talent might create some unbalanced situation that would need correction soon.
I think it's a great offer and counter offer. My manager couldn't get anything close. What's your level? Are you in bay area? Does Amazon pay you more in RSUs few years down the line?
Yes, RSUs starting 6 months from now. But there may be a way to negotiate a lump sum cash. I’m in Seattle.
360k to 540k feels weird because it crosses bands. What is your role and level?
Accept Amazon and get ready to be PIPed next cycle
With a 540k dive and save they seen planning on pip, they probably are pushing for an L7 promo
Any other company I'd tell you to accept the counter. Amazon? I think at one point you have to stop and look back at why were they paying you 50% below your market value to begin with.
Yeah that's a common trick recruiters use. "Why did they pay you so low, they must not value you." The truth is it's just business. You think I'm going to reimburse my employer if they exceed my market value? No, even though I love them, I'm keeping that money thanks. It goes both ways. OP was either too slow shopping around, or his mkt value increased rapidly.
Rule of thumb is - If there’s no significant increase in TC, there’s no point in moving out and starting from scratch to prove yourself. If your current job is cool and you have better control on your wlb, accept the counter and stay.
Thumb rule is - never accept a counter, as it is surely a counterproductive move 😊
Doesn’t apply to all.
Lol no. Accept, stay and keep shopping around for higher TC is the rule of thumb.