Comment on This job description for a job posting by Amazon
dependencyinjection@discuss.tchncs.de 1 day agoWhat do you mean by back-weighted and how is it fucked up? Genuinely don’t know.
I worked for Apple on the Genius Bar in the Uk and we had the same schedule. I didn’t see it as a bad thing and when it was time to leave to become a software engineer I just had to weigh how much money I would lose that had not vested vs potential in new career.
Are they not just an incentive to keep staff. I will say that I’ve had 60+ jobs in my life and aside from my current one for a small company as an engineer, Apple was leaps and bounds above all the others in terms of support, benefits, and just a good work life balance. It was because I was surrounded by talented people and supported that I got my shit together and learned to program, which Apple also made many concessions to allow me the time.
GissaMittJobb@lemmy.ml 1 day ago
Evenly weighted vesting schedule: Your grant vests the same amount every month for every year of the duration of the grant. For example, 1/48th of the grant vests over 4 years.
Back-weighted grant: Your grant vests less or not at all for the early period of the grant, and then a majority in the later part of the grant. For example: Year 1 10%, Year 2 20%, Year 3 30%, Year 4 40%.
Why it’s fucked up: The company is incentivized to abuse your labour early in your employment and then push you out before the majority of your compensation package kicks in.
Equity is already enough of a pair of golden handcuffs as it is, there’s no need to make them worse from this perspective.
dependencyinjection@discuss.tchncs.de 1 day ago
Thanks I understand it now.
This isn’t what we had at Apple. They would vest after two years. So after year two you would have stocks vesting every year and when you leave you would only be leaving the last two years on the table, which seems more reasonable than the Amazon example.