Discover everything you need to know about Meta's exceptional employee benefits. From competitive compensation and stock grants to generous parental leave and unique perks like the Meta Recharge program, this in-depth overview explores why Meta stands out in the tech industry. Whether you're a current employee, considering a career at Meta, or just curious, dive into this detailed guide authored by a former employee of nearly a decade.
Thank you for this! I’m coming up on 10 years at Meta too and excited for Recharge #2
Question : How do you think about contributing backdoor 401k (beyond the 23k) vs investing directly in index funds in the stock market to access money for early retirement at say age 51?
Hi - very helpful! Could you provide an actual example of how the bonus formula works? Not sure if each x actually multiplies each % or its really (% x base) + (% x base) etc.
Andre - it's not "Currently" but "Consistently" Met Expectations (CME)
That sounds much less menacing! Fixed. I am from the "Meets All" before times.
Andre, small correction. 2023 bonus multiplier was 150 not 200
Fixed, ty! I didn't get to enjoy that one.
What was your initial equity grant, and what were your refreshers looking like?
Thank you for this! I’m coming up on 10 years at Meta too and excited for Recharge #2
Question : How do you think about contributing backdoor 401k (beyond the 23k) vs investing directly in index funds in the stock market to access money for early retirement at say age 51?
Great write up Andre! Thanks for sharing this detail.
I will include this in Thursday's blog for our readers as some may be interested in this content when they're getting job offers.
Done ✅
https://www.aistartupjobs.com/p/ai-startup-jobs-week-ending-october-24-2024
Hi - very helpful! Could you provide an actual example of how the bonus formula works? Not sure if each x actually multiplies each % or its really (% x base) + (% x base) etc.
Yeah, it just multiplies straight across.
Example: $200k in eligible earnings, IC5 which means 15% bonus. Exceeds Expectations means 125%. Company multiplier of 100%
200,000 x .15 x 1.25 x 1.0 = $37,500