7 ms·
If you replace the word "bonus" with "promo", then you unfortunately get an eerily-accurate reflection of the state of FAANG companies.
by Mr_P 4y ago
If you replace the word "bonus" with "promo", then you unfortunately get an eerily-accurate reflection of the state of FAANG companies.
- Jasper_ 4y agoA lot of companies boot you out if you don't get a promo. The idea is that you take the "worst" 10% of your workforce (where "worst" means not getting promos), and fire them, every year. Even if you have no desire in chasing the promo train for more money, you sort of need to play along, just to have a job in a year or two.
- ido 4y agoI believe what you are describing is called stack ranking and has fallen out of favor with tech companies. Microsoft at least used to do that (I think they don’t anymore).
- toast0 4y agoIt was kind of a mix of stack ranking, fire X% on a periodic schedule, and up or out, you've got X years to get promoted or you'll be fired. Microsoft says they stopped stack ranking, but it's not clear if they did. Facebook says they don't force a ratings curve, but they did while I was there. Just because something has fallen out of favor and companies acknowledge that it's fallen out favor doesn't mean they don't do it.
- doktorhladnjak 4y agoI worked at Microsoft when stack ranking was “eliminated”. Groups still stack ranked (at least mine did) but they had more local control over the process and distribution rather than having to follow one company wide system. Old habits die hard. Maybe it’s different now, but I doubt it. Any place that pays for performance has to differentiate rewards in some way.
- bombcar 4y agoIt’s pretty useful if you’re an up and coming growth company paying higher than average comp as it ensures you’re continually snatching new employees from other companies.
- spiffytech 4y agoThe consensus I've seen is that it's useful for a year or two while you clear out the people who really need to go, but after that it creates perverse incentives and constant fear among employees, doing more harm than good.
- Brian_K_White 4y agoI read that as it's useful for the startup that the established companies do it, not that it's useful for the startup to do it.
- ido 4y agoA better solution is to "just" be more thoughtful & honest about who (if any) needs to be fired (it sucks to fire people so a lot of managers put it off but really shouldn't, sometimes). I don't think there's a systematic/technocratic solution to a human/social problem like that, at least not one that doesn't have other massive downsides (like stack ranking). Your hiring process should be good enough that firing is rare but nobody is perfect and if/when the situation arises (either due to a bad hiring decision or the situation changing) it's better to resolve it earlier rather than later.
- bombcar 4y agoMany companies should offer a quit/buyout alongside the performance plan - most employees who are on the fired path know they’re on it and pretending they’re not doesn’t help anyone really.
- civilized 4y agoNow they have stack ranking and lie about it, which is even worse.
- 21723 4y agoI feel like we should stack rank corporate executives. Hold a public vote to rank them and the most despised 10% get the 'tine.
- sombremesa 4y agoYep. The best time to get a promotion is as you interview. The second best time is now...at another company. Thankfully, at a large company with plenty of hard problems to solve (and smart folks to work with), you can grow quite a lot whether or not the company chooses to recognize said growth.
- wbl 4y agoI worked at a company where promotion was not on the table. So I left. No matter how much work I did or how good I got, it would not get rewarded and people who wanted to get good and who I could learn from would also leave. Rewarding people is hard. But you can't shirk from it unless you want people to leave.
- mabbo 4y agoGood God yes. Once my team owned a service that did X. Among it's functionality, it had an API that, as a side effect, stored some data that could be retrieved. Sadly, this service had no validation that the data being input made any sense in the context of what this service did. A developer on a neighboring team had a big promo project on the go. As a simple hack, and as a way to save time, his project used our service as a basic key value store database. They already called this service for the correct functionality, so they had access keys. The stuff he was storing could be argued to kind of make sense, but as the owners of this service we said "no fucking way, we aren't your database". He escalated to management who knew he was going to quit if he didn't get his promo. They overruled and last I heard that service was still being used as that asshole's database. He did promise to fix it right after the project launched, but the second he had his promo he changed orgs. For some reason, Amazon is full of this sort of terrible tech debt and they can't figure out why everyone has to be on terrible on call rotations.
- Jasper_ 4y agoThe fast-paced "fail upwards" where you get a new job at a new FAANG every few months while leaving a trail of destruction in your wake astounds me, and I don't understand how it works and how companies keep falling for it. There are a lot of excellent ex-FAANG programmers I've worked with, and a lot of terrible ones, and my experience is that usually the ones with the most prestigious titles show up, do 3 months of junior level work which we end up having to rip out later, and then leave to their next high-paying gig.
- phillipcarter 4y agoMoney is clearly a factor, but I think a lot of it comes down to culture in the working group. Promotions mean status upgrades, and in a lot of these companies, status is actually important. At least at Microsoft, there's a culture of where your title determines if you're a part of the "in group" or not. Not at least Senior? Forget about anyone outside your immediate working group taking you seriously, let alone deferring to your judgement on things. Not at least Principal? Put your ambitions aside, because you won't be allowed to make decisions that are actually important. There's exceptions to this, like if you're in charge of something nobody else thinks they understand. As a result, this means that there's a lot of squabbling and weirdness around September. Especially in the Senior -> Principal jump, since that is also influenced a lot by department budget. There's also not any official acknowledgement of a good terminal level. Implicitly, that's the Senior band (and really the 2nd level within the band), because beyond that you're usually expected to do more than just be a wildly productive individual contributor. But everyone who's Senior eventually feels the pressure to somehow level up to Principal, because they have the expertise to make important decisions but their organization often won't allow them to be in the room where those decisions are made. Thus the backstabbing, jealousy, weirdness, and more.
- bombcar 4y agoThis is a perpetual problem for any organization with a hierarchy - and taking care to have successful off-ramps for those who want to continue to contribute without being forced into a management track is important. It’s gotten better but there’s still limitations, and many people solve it by switching organizations- which has more costs than many realize.
- bushbaba 4y agoSadly it's only gotten more true over time. As FAANG growth slows, the internal politics grows. Bezos was right that having a 2 pizza team really is a recipe for success, larger than that you end up with internal infighting and stepping on top each other.
- dqh 4y agoI can easily smash a whole pizza myself. So I’ve often wondered what size team this really is and why it’s not expressed directly.
- 21723 4y agoFAANG is banking with uglier people and even more casual sexism.