As a former manager at Netflix, I'd like to correct an inaccuracy in your article.
The statement: "If Netflix sees that they’re being outbid they’ll increase your salary and do the same for everyone across the company in similar roles. " is not correct. Netflix pays "personal" top of market, so likely only your salary will increase.
Further it also depends on if the role at the other company is comparable to the one you currently have. If it's a job or scope change, then the competing salary is not always considered as a relevant basis to adjust your salary.
There are a lot of misconceptions about Netflix salary. While it is definitely great there, reality doesn't always line up with the hype. Also worth noting, I know many people who are comp'd higher at other companies, when total comp is considered. Netflix pays all cash, which is why it appears distorted on most charts (such as the base comp data points you posted above). When it all nets out, you don't get paid more at Netflix than other places. You likely will get paid equivalent to what you could get at other top companies.
As a former manager at Netflix, I'd like to correct an inaccuracy in your article.
The statement: "If Netflix sees that they’re being outbid they’ll increase your salary and do the same for everyone across the company in similar roles. " is not correct. Netflix pays "personal" top of market, so likely only your salary will increase.
Further it also depends on if the role at the other company is comparable to the one you currently have. If it's a job or scope change, then the competing salary is not always considered as a relevant basis to adjust your salary.
There are a lot of misconceptions about Netflix salary. While it is definitely great there, reality doesn't always line up with the hype. Also worth noting, I know many people who are comp'd higher at other companies, when total comp is considered. Netflix pays all cash, which is why it appears distorted on most charts (such as the base comp data points you posted above). When it all nets out, you don't get paid more at Netflix than other places. You likely will get paid equivalent to what you could get at other top companies.
Those are awesome insights. Thanks for sharing!
How did you create the visualizations for this post? They look great and are super easy to read!
Hey Ryan, I've used the Joypy library (https://github.com/leotac/joypy) and added a few twists on top myself such as the logos