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According to a CNBC report , the Meta board committee approved the change after determining the “target total cash compensation” for its executives “was at or below the 15th percentile of the target total cash compensation of executives holding similar positions” at peer companies like Amazon and Apple.The updated bonus plan does not apply to Meta CEO Mark Zuckerberg.

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Many HR and total rewards professionals would define a lateral job change as one that moves an individual from one position to a similar position within another team or department , and the new position has the same or is at least very similar in scope and the nature of responsibilities as the prior position.

Fisher stated it’s another tool to help total rewards professionals attract top talent who value flexibility .

“In the past, when candidates would negotiate their vacation days, they would always bring the same arguments — 'I have X years of experience' and 'I’m getting X weeks of vacation at my current company' — and those are very fair arguments,” said Maaike van Gogh, senior total rewards and data specialist with Alimentiv.

According to WorldatWork’s “ 2022 Total Rewards Inventory Programs and Practices Survey ,” paid parental leave was offered by 70% of organizations in 2022, which is up 13% from 2019.

People who are ambitious, confident in their ability and willing to put their all into their work might be willing to accept a lower salary (certain income) if there is a greater incentive opportunity tied to performance that might result in higher total direct compensation.