The IIT campus placements this year show many recruiters have woken up to the trend of recruits moving on other jobs, sometimes a few months after joining. Instead of higher signing bonuses and relocation expenses, companies are giving stock options to the extent of close to 100% of the base salary.
Facebook has offered a base salary of $ 100,000 and a bonus and relocation bonus of $ 20,000 and stock options of $ 120,000 if they stick on for two years. Similarly, Twitter, Google, Amazon and American Express have all beefed up their compensation package with stock options.
An IIT-Bombay student placed on day one claimed that a couple of social media networks have offered stock options to students. “A couple of companies in the social networking sector have offered stock options of a lump sum amount which looks attractive,” he said. The scene at IITKanpur is the same. Shadab Mohammed, a member of the core team for placements at the institute, said, “Some of the companies have offered stock options at our campus too.”
2 turn down 82L Samsung offer
ARs 82 lakh annual pay packet doesn’t seem to amuse a few IITians. Two of the six IIT-Madras students have rejected South Korean multinational company Samsung’s $150,000 offer, as the campus remains high on placements this year. Computer science BTech graduates Nitin Motiani and Sujeet Gholap said it was a “tough call,” but they eventually turned down the proposal.
Facebook has offered a base salary of $ 100,000 and a bonus and relocation bonus of $ 20,000 and stock options of $ 120,000 if they stick on for two years. Similarly, Twitter, Google, Amazon and American Express have all beefed up their compensation package with stock options.
An IIT-Bombay student placed on day one claimed that a couple of social media networks have offered stock options to students. “A couple of companies in the social networking sector have offered stock options of a lump sum amount which looks attractive,” he said. The scene at IITKanpur is the same. Shadab Mohammed, a member of the core team for placements at the institute, said, “Some of the companies have offered stock options at our campus too.”
2 turn down 82L Samsung offer
ARs 82 lakh annual pay packet doesn’t seem to amuse a few IITians. Two of the six IIT-Madras students have rejected South Korean multinational company Samsung’s $150,000 offer, as the campus remains high on placements this year. Computer science BTech graduates Nitin Motiani and Sujeet Gholap said it was a “tough call,” but they eventually turned down the proposal.
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