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by nostrademons
1754 days ago
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Largely false. Managers have pretty wide latitude to approve compensation matches for employees they want to keep without up-leveling them. So if you're a star L5 at Google and Facebook is giving you a $MM E7 package, you could end up with a $MM stock grant (which would normally be reserved for L7+) at Google. Compensation raises are tied to level, but that just means that you'll sit and vest your existing stock grant without further raises or refreshers until your formal level matches your comp package. This happened semi-frequently in the ~2010-2011 era when Facebook was recruiting heavily out of Google with pre-IPO stock. The promo process is based on your value to your employer, and at least at Google is done by committee, which is drawn from a selection of high-level employees outside of your manager's department (so they have no incentive to keep you) and has a packet of information that does not include anything about your market value outside the company. |
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