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Not All Amazon Technology Staffers are Happy with Their Salaries

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Not All Amazon Technology Staffers are Happy with Their Salaries

Are Amazon’s engineers and technologists pleased with their compensation?

That’s a important query for the e-commerce large, one it tried to reply with an inside survey earlier this yr. Some 46 % of staff in “tech-adjacent” roles comparable to engineers and designers stated they have been “happy” or “very happy” with present compensation, in response to report in Enterprise Insider.

Nonetheless, 28 % reported being both “dissatisfied” or “very dissatisfied,” whereas 25 % have been “impartial.” One other 31 % stated that they had an unfavorable opinion of Amazon’s restricted inventory unit plan, which is fairly near the 37 % who had a good view (29 % have been impartial); that’s probably regarding for Amazon’s executives, who supposed the inventory program to assist retain its most valued technologists.

Amazon has taken a number of steps over the previous yr to spice up its employees’ happiness and retention, significantly company staff comparable to technologists. In February, it boosted its most base pay for company and know-how staff from $160,000 to $350,000. “This previous yr has seen a very aggressive labor market and in doing a radical evaluation of varied choices, weighing the economics of our enterprise and the necessity to stay aggressive for attracting and retaining prime expertise, we determined to make meaningfully greater will increase to our compensation ranges than we do in a typical yr,” the corporate wrote in an inside publish reviewed by GeekWire.

And in August, The Info reported that Amazon was handing out “file quantities” of inventory, together with 138 million restricted inventory items to staff within the second quarter of 2022.

Inventory is a large think about Amazon technologists’ total compensation packages. Based on ranges.fyi, which crowdsources wage information for a variety of tech firms, an entry-level Amazon software program engineer can count on to earn a mean of $128,304 in base wage, inventory price roughly $23,163, and a bonus of $19,096, for a complete of $170,563. As staff climb greater, inventory choices eat a a lot bigger slice of the general compensation pie: for an SDE III, the typical base wage of $161,703 is supplemented by inventory price $171,054 and a bonus of $8,730, totaling $341,487.

Previously few weeks, Amazon has additionally instituted a hiring freeze for a lot of roles, though it continues to recruit technologists for Amazon Internet Companies (AWS), its burgeoning cloud platform. But when essential technologists who’re sad with their compensation resolve to depart, it might theoretically open up some slots for these with the appropriate mixture of expertise and expertise.

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