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by dragonwriter 1263 days ago
> Netflix pays all base, with separate allowances for benefits

The details from 2020 (only ones I can find) I've seen posted say they have, e.g., a $15k allowance for health insurance, of which only $5k is refundable as cash if not used, and a 5% on top of base “free option” stock option purchase in their ESPP, as well as choice for elective purchase, and other compensation in excess of salary and hourly wage.

OTOH, if they actually are just calling their “base” (which is in fact at least potentially salary) “total comp” when it is isn’t actually total total comp, just closer to total comp than base salary typically is for the industry, that’s probably not a violation of the law.

1 comments

the issue is that the employee has the option of turning a portion of that base into options. which means netflix is de facto offering "total comp", with "100% cash" being one option for that total comp offer.