For all the problems in the tech industry, having a large chunk of your compensation be in the form of RSUs does address this meme’s complaint. Company does well = you get paid more.
Except that RSU typically require vesting, are often not liquid enough to be useful as wages and aren’t as beneficial if the company isn’t going to skyrocket and be sold off.
The issue I ran into was that my team of 3 directly generated $25M in new areas of growth in a single year causing our company to have an increase of 12% gain in our profit margin. With RSU and profit sharing I saw a two hundred dollars worth of income increase that year. The next two years the industry flopped, profits were down in all areas except my team, and we started a three year pay freeze. I did my job amazing and rather than just paying me better I had to go down with the ship.
This caused me to leave along with my two coworkers. The company couldn’t replace us and ended up scrapping our division losing out on that business.
For all the problems in the tech industry, having a large chunk of your compensation be in the form of RSUs does address this meme’s complaint. Company does well = you get paid more.
Except that RSU typically require vesting, are often not liquid enough to be useful as wages and aren’t as beneficial if the company isn’t going to skyrocket and be sold off.
The issue I ran into was that my team of 3 directly generated $25M in new areas of growth in a single year causing our company to have an increase of 12% gain in our profit margin. With RSU and profit sharing I saw a two hundred dollars worth of income increase that year. The next two years the industry flopped, profits were down in all areas except my team, and we started a three year pay freeze. I did my job amazing and rather than just paying me better I had to go down with the ship.
This caused me to leave along with my two coworkers. The company couldn’t replace us and ended up scrapping our division losing out on that business.