Not clear at all? Does this mean 170k in total comp for the 5 years? Or that a full year TC in 5 years will step up to 170k?
They also mention FTEs will make 49/hr, which at expected 40hr weeks seems to be roughly 100k a year pay, plus other benefits which may add up to 170k?
CEO is trolling working class. It’s total cost of benefits added to TC. So while from an economist POV this is the total cost of one employee, it’s not the TC (total comp) that Tech often uses, largely because it’s hard to know the added costs that the company pays per person
this is highly misleading & rage-baity. In India I have seen jobs mention this kind of thing as CTC (Cost to company) which is what it really is not what get reported to IRS as gross income.
They also mention FTEs will make 49/hr, which at expected 40hr weeks seems to be roughly 100k a year pay, plus other benefits which may add up to 170k?
This was poorly summarized I think..