Its true... Amazon giving hike to majority of good performers. Expect as much as 35%-45%
I am an L7 SDM and my org has decided to give hike to all our top performers in the range of 35% - 45%
Some are with immediate effect and will be announced soon. Some takes time as I need to push the top management to include some more folks who are good but not exceptional as others.
My org's VP recognizes the seriousness of this issue after we managers showed data how much external offers are and yes it took them time to realize.
My suggestion would be if you feel you may not be in the top 50%, you should leave. If you are in the top 50% and planning to move, wait till April or until the hike is announced to switch.
Personally I had to do the nasty way to get myself an hike. But for a company like Amazon to not realize this at an early stage is pathetic and for the same reason I would be moving out once I finalize the hikes for employees under me.
TC: 20yoe, L7 SDM
Old TC: $500k
New TC after D&S: $760k
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Though it was college work-study & random retail jobs until I graduated college. My first professional job was at 22 as a developer. Slowly morphed into a Product manager. Lots of fun details along the way I'm leaving out!
I don't know why I'm like this, honestly. I think maybe it's my desire to always be learning & growing, and getting really restless when I stagnate or get in a rut - even a comfortable one.
The industry or company size never mattered much to me. Frankly, God bless Autodesk but we're kinda boring. However, there's always great energy & excitement to be found in making the lives of your users tangibly better - if they can design something or share a file quicker & with less stress, they can go home and see their kids sooner instead of working late on the big deadline.
The comp was always pretty good (current TC roughly 215), especially within the context of my lower-middle-class upbringing and relatively frugal spending habits. But that wasn't the goal - which I think is important, because hitting a new comp tier always feels anti-climactic and empty, so it can't be your primary career motivation.
More generally: each person must find what gives them energy - genuinely helping users, making elegant products, helping coworkers/direct reports grow their careers, etc - then relentlessly optimize your career for that thing. And be willing to try unorthodox places, not just FAANG or the hottest startup or whatever.
Or maybe it's even simpler than that - our jobs are all so amazing! We make technology inconceivable even a few decades ago, and touch millions of real, actual people. That's incredible! You just can't do that as a mechanic or receptionist or whatever (no shade on those jobs, they're hard) vs. a tech job.