Compensation for individuals in a high-level project leadership role at Amazon, specifically those overseeing technical initiatives, constitutes a significant aspect of their overall employment package. This remuneration typically includes a base salary component, along with additional elements such as stock options and performance-based bonuses. For example, an individual managing the development and launch of a new AWS service would fall into this category and receive compensation accordingly.
Understanding the structure and potential range of this compensation is crucial for several reasons. It allows prospective employees to assess the competitiveness of offers and negotiate effectively. Furthermore, it provides current employees with a benchmark for evaluating their own earning potential and career trajectory within the organization. Historically, these roles have commanded considerable financial rewards due to the critical nature of the work and the demand for qualified professionals.
The following sections will delve into the factors influencing the specific amounts offered, the impact of experience and location, and how these figures compare to similar positions in the broader tech industry. It will also explore strategies for maximizing earning potential and understanding the long-term financial implications of accepting a position in this field.
1. Base compensation levels
The base compensation level forms the foundational element of the total remuneration package for a senior technical program manager at Amazon. It represents the guaranteed cash payment an individual receives before considering any additional forms of compensation such as stock options or performance bonuses. The magnitude of the base salary serves as a direct indicator of Amazon’s valuation of the role’s skill requirements, responsibilities, and impact on the organization. For instance, a senior technical program manager responsible for overseeing a mission-critical, multi-million-dollar cloud infrastructure project would logically command a higher base salary than one managing a smaller, less complex initiative. This foundational element directly influences an individual’s financial security and their ability to meet daily and long-term financial obligations.
Variations in base salary levels are attributed to several factors including the candidate’s prior experience, educational background, and demonstrated expertise in relevant technologies or project management methodologies. Furthermore, geographical location significantly impacts base pay. A similar role based in Seattle, Washington, Amazon’s headquarters, may offer a different base salary compared to one in a lower cost-of-living area, reflecting adjustments for the regional cost of living. An understanding of base salary benchmarks within similar companies and industries allows prospective employees to negotiate effectively and ensure fair compensation aligned with their qualifications and the market value of their skillset.
In summary, the base compensation level is a critical component of the total rewards associated with the specified position. It provides a stable and predictable income stream and serves as a crucial benchmark for assessing the overall attractiveness of an employment offer. Candidates should meticulously research market data, consider their personal circumstances, and engage in informed negotiations to secure a base salary that accurately reflects their contributions and the value they bring to Amazon.
2. Stock options vesting
Stock options vesting represents a critical element of the total compensation package for a senior technical program manager at Amazon. The granting of stock options provides an opportunity to acquire company shares at a predetermined price after a specific period of continued employment, known as the vesting period. This mechanism directly impacts the potential long-term earnings of the program manager. For instance, if a manager receives a grant of stock options that vest over four years, they only gain the right to purchase a portion of those shares each year they remain employed. Departure before the vesting schedule is complete results in forfeiture of the unvested options. The value of these options is intrinsically linked to Amazon’s stock performance; appreciation in the stock price during the vesting period translates into a tangible financial benefit for the manager.
The structure and details of the vesting schedule are vital considerations. Amazon commonly employs a graduated vesting schedule, such as a cliff vesting period (e.g., 20% after the first year) followed by quarterly or monthly vesting for the remainder. This approach incentivizes long-term commitment to the company and aligns the manager’s interests with the long-term growth of Amazon. Moreover, the tax implications of stock option vesting are significant. Upon exercising vested options, the difference between the grant price and the market price is typically treated as taxable income. Careful financial planning is, therefore, essential to manage the tax burden associated with the vesting of these options. For example, a technical program manager receiving a substantial stock grant may need to consult with a tax advisor to strategize about the timing of exercising options to minimize their tax liability.
In conclusion, stock options vesting is a powerful tool employed by Amazon to attract and retain senior technical program managers. The potential for significant financial gains through stock appreciation provides a strong incentive for long-term commitment. However, understanding the vesting schedule, tax implications, and the inherent risks associated with stock market volatility are essential for maximizing the value of this compensation component. The vesting schedule and potential future value should be carefully weighed when evaluating the overall compensation package.
3. Annual performance bonuses
Annual performance bonuses represent a variable component of the total compensation package for a senior technical program manager at Amazon, directly tied to individual and organizational performance. These bonuses serve as an incentive for exceeding expectations and contributing to the company’s strategic objectives. The size of the bonus is typically a percentage of the base salary and is determined based on performance reviews and the achievement of pre-defined goals.
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Performance Metrics and Goal Alignment
The bonus structure typically relies on pre-defined performance metrics aligned with company-wide and team-specific objectives. These metrics can encompass project delivery timelines, budget adherence, innovation initiatives, and team leadership effectiveness. For example, a senior technical program manager might have a bonus tied to the successful launch of a new service within a specified timeframe and budget, or to improvements in operational efficiency. Achieving or exceeding these goals translates directly into a larger bonus payout.
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Performance Review and Assessment
The determination of the bonus amount relies heavily on the annual performance review process. Managers are evaluated on their contributions, skills, and leadership qualities. Feedback from peers, direct reports, and senior management contribute to the overall assessment. A high performance rating typically results in a bonus payout at or above the target percentage, while lower ratings may result in a reduced bonus or no bonus at all. The subjectivity inherent in the review process can be mitigated by clearly defined performance expectations and transparent feedback mechanisms.
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Company Performance Impact
The overall financial performance of Amazon can influence the bonus pool available for distribution. In years where the company exceeds its financial targets, a larger bonus pool may be allocated, potentially leading to higher individual bonus payouts. Conversely, in periods of economic downturn or underperformance, the bonus pool may be reduced, impacting individual bonus amounts. This link between company performance and individual bonuses underscores the shared responsibility for achieving organizational success.
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Bonus as a Retention Tool
Annual performance bonuses serve as a critical tool for retaining top talent. The prospect of receiving a substantial bonus incentivizes senior technical program managers to remain with Amazon and continue to contribute to the company’s success. Competitive bonus structures, combined with opportunities for career advancement, help Amazon attract and retain high-performing individuals. Furthermore, the bonus structure provides a mechanism for rewarding exceptional performance and recognizing the contributions of key individuals.
In conclusion, annual performance bonuses play a significant role in the overall compensation structure for senior technical program managers at Amazon. They provide a direct link between individual performance, company performance, and financial rewards. Understanding the metrics, review process, and company performance factors that influence bonus payouts is crucial for both prospective and current employees to optimize their earning potential and career satisfaction. These bonuses, combined with other forms of compensation, contribute to the competitive attractiveness of the role.
4. Negotiation strategies impact
The ability to effectively negotiate significantly influences the final compensation package, including the overall salary, for a senior technical program manager position at Amazon. The initial offer presented by the company serves as a starting point, and strategic negotiation can result in improvements across various elements of the compensation structure.
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Leveraging Market Data and Benchmarks
Successful negotiation relies on comprehensive knowledge of industry benchmarks and salary ranges for similar roles. Researching compensation data from sources like Glassdoor, Payscale, and specialized tech salary surveys equips candidates with concrete evidence to support their desired salary expectations. Presenting quantifiable data demonstrating alignment with industry standards strengthens the negotiation position. For example, citing a study that indicates the average salary for a similar role in Seattle with comparable experience exceeds Amazon’s initial offer provides a rationale for requesting a higher salary.
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Articulating Value Proposition and Accomplishments
Candidates must clearly articulate their unique value proposition and demonstrate quantifiable accomplishments from previous roles. Providing specific examples of successful project deliveries, cost savings achieved, or process improvements implemented showcases the candidate’s capabilities and potential contributions to Amazon. Highlighting specific skills or experiences that align directly with the requirements of the role enhances the perceived value and justifies a higher salary. For instance, detailing experience in leading large-scale AWS migrations and quantifying the resulting cost efficiencies demonstrates expertise that Amazon would likely value.
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Negotiating Beyond Base Salary: Stock Options and Benefits
Negotiation extends beyond base salary to encompass other components of the compensation package, such as stock options, performance bonuses, and benefits. Candidates can negotiate for a higher stock grant or a more favorable vesting schedule. Additionally, exploring the flexibility and value of benefits like health insurance, retirement plans, and professional development opportunities can indirectly impact the overall compensation package. For example, securing a more generous stock option grant can significantly increase long-term earning potential, even if the initial base salary remains unchanged.
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Timing and Confidence in Negotiation
The timing of negotiation and the confidence with which it is conducted can influence the outcome. Delaying salary discussions until after demonstrating a strong fit during the interview process can create leverage. Approaching the negotiation with a confident and professional demeanor, while also demonstrating a willingness to find a mutually agreeable solution, can foster a positive environment for reaching a favorable outcome. A candidate who confidently and politely asserts their market value is more likely to achieve their desired compensation.
Ultimately, the impact of negotiation strategies on a senior technical program manager’s compensation hinges on a candidate’s preparation, communication skills, and understanding of market dynamics. Proactive and informed negotiation can result in a significantly enhanced compensation package, aligning the individual’s financial goals with the value they bring to Amazon.
5. Location-based adjustments
Location-based adjustments exert a significant influence on the compensation offered for a senior technical program manager role at Amazon. The cost of living, demand for talent, and prevailing wage rates within a specific geographic region directly impact the salary range for this position. These adjustments reflect the economic realities of different locations and ensure that employees can maintain a comparable standard of living, regardless of where they are based. For instance, a senior technical program manager working in Seattle, Washington, where Amazon’s headquarters are located and the cost of living is relatively high, would generally receive a higher base salary than an individual performing the same role in a lower-cost region, such as Nashville, Tennessee. This difference is intended to offset the increased expenses associated with housing, transportation, and other necessities in more expensive locations.
The practical significance of understanding location-based adjustments is particularly important for prospective employees. When evaluating job offers from Amazon, individuals should consider not only the base salary but also the relative cost of living in the proposed location. Failure to account for these regional differences can lead to an inaccurate assessment of the true value of the compensation package. For example, an offer with a seemingly higher salary in a high-cost area may, in reality, provide less purchasing power than an offer with a lower salary in a more affordable location. Amazon, like other major tech companies, utilizes compensation models that incorporate geographic differentials to attract and retain talent in competitive markets. These models often rely on proprietary data and external surveys to determine the appropriate adjustments for each location. Understanding these location-based compensation strategies is essential for negotiating effectively and making informed career decisions. Internal transfers can also trigger salary adjustments based on the new location’s cost of living.
In summary, location-based adjustments are a critical component of the overall compensation structure for senior technical program managers at Amazon. These adjustments account for regional variations in the cost of living and ensure that employees are fairly compensated regardless of their location. By understanding the impact of these adjustments, prospective and current employees can accurately assess the value of their compensation package and make informed decisions about their careers. The challenge lies in transparently communicating the methodologies used for these adjustments and ensuring equitable application across different locations.
6. Experience-based increases
Experience-based increases in compensation form a cornerstone of the salary structure for senior technical program managers at Amazon. As professionals accumulate expertise and demonstrate a consistent track record of successful project delivery, their earning potential within the organization escalates accordingly. This system recognizes the value of seasoned professionals capable of navigating complex technical challenges and driving significant business outcomes.
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Years of Relevant Experience
The number of years a program manager has spent in similar roles directly correlates with their salary expectations. More experienced candidates typically command higher salaries due to their proven ability to manage risk, anticipate challenges, and deliver results. For instance, a senior technical program manager with 10 years of experience in cloud infrastructure deployments is likely to earn more than one with only 5 years of experience. This reflects the practical knowledge and skill set acquired over time, making them more effective in their role.
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Complexity and Scale of Projects Managed
Individuals who have managed larger, more complex projects with significant budgetary responsibility and cross-functional team coordination are often rewarded with higher compensation. Success in navigating intricate technical challenges and delivering projects on time and within budget demonstrates a high level of competence and justifies increased compensation. A program manager who successfully led the development of a new Amazon Web Services (AWS) product involving multiple engineering teams would be an example of someone whose prior experience should lead to a higher salary.
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Demonstrated Leadership and Mentorship Abilities
Senior technical program managers who exhibit strong leadership qualities and can effectively mentor junior team members are highly valued. The ability to guide teams, foster collaboration, and develop talent contributes to the overall success of the organization and warrants recognition through higher compensation. Experience leading and mentoring program managers, coupled with consistently high team performance, enhances a program manager’s value.
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Specialized Skills and Certifications
Possession of specialized skills or certifications relevant to Amazon’s business, such as expertise in specific AWS services, Agile methodologies, or project management frameworks (e.g., PMP), can lead to salary increases. These credentials demonstrate a commitment to professional development and a mastery of skills that are directly applicable to the role. A program manager holding an AWS Certified Solutions Architect certification, for example, could leverage this credential to negotiate a higher salary, given the demand for cloud expertise at Amazon.
In conclusion, experience-based increases are a fundamental aspect of the compensation structure for senior technical program managers at Amazon. These increases reflect the accumulation of relevant skills, the ability to manage complex projects, demonstrated leadership abilities, and possession of specialized expertise. As individuals gain experience and demonstrate their value to the organization, their earning potential increases, providing an incentive for continued professional growth and contribution.
7. Benefits package valuation
The comprehensive benefits package offered to senior technical program managers at Amazon constitutes a significant, yet often overlooked, component of their total compensation. While the base salary and stock options frequently dominate initial considerations, the value inherent in healthcare, retirement plans, insurance coverage, and other perks can substantially augment the overall financial well-being of the employee. The monetary value assigned to these benefits directly affects the perception of the competitiveness and attractiveness of the entire compensation offer. For example, a superior health insurance plan with lower deductibles and broader coverage translates to direct cost savings for the employee, effectively increasing their real income. Similarly, a generous employer contribution to a 401(k) or similar retirement savings plan provides a substantial advantage for long-term financial security.
Beyond the immediate financial impact, the quality of the benefits package influences employee satisfaction and retention. Access to resources such as employee assistance programs, wellness initiatives, and professional development opportunities can improve work-life balance and contribute to a more positive work environment. Furthermore, Amazon’s specific benefits offerings, such as parental leave policies and commuter benefits, can be particularly valuable to certain individuals based on their personal circumstances. A thorough analysis of the benefits package should include a detailed assessment of premiums, deductibles, coverage limits, vesting schedules, and eligibility requirements. Comparing these elements against industry benchmarks and personal needs allows for a more accurate determination of the benefits package’s true value, which should be factored into salary negotiation strategies and long-term financial planning. A tangible example includes assessing the cost of childcare benefits provided by Amazon versus the cost of private childcare in the specific geographical location, thus quantifying the actual saving.
In conclusion, the valuation of the benefits package is an integral step in understanding the complete financial rewards associated with a senior technical program manager position at Amazon. Neglecting to consider the monetary value of these benefits can lead to an underestimation of the total compensation and potentially disadvantageous career decisions. By carefully evaluating the components of the benefits package, individuals can make informed choices that align with their financial goals and personal well-being. Accurate valuation requires detailed knowledge of the plan provisions, comparison with market alternatives, and consideration of individual needs. This comprehensive approach ensures a clear understanding of the total rewards and facilitates effective negotiation and long-term financial security.
8. Total compensation analysis
A comprehensive evaluation of the complete rewards package, encompassing base salary, stock options, performance bonuses, and benefits, is crucial in understanding the true value associated with the specified role. This detailed examination moves beyond a singular focus on the base compensation figure to provide a holistic view of the financial prospects.
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Base Salary and Market Positioning
This entails comparing the base salary to industry benchmarks for similar roles at comparable companies, accounting for factors like experience, location, and specific skill sets. A competitive base salary reflects Amazon’s valuation of the individual’s expertise and experience, placing the candidate favorably within the competitive talent market. For instance, a senior technical program manager with a background in machine learning should expect a base salary that aligns with or exceeds the average for similar roles requiring that expertise in the same geographic area. A shortfall in this area might warrant further negotiation.
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Equity Compensation and Long-Term Value
The analysis should assess the potential future value of stock options or restricted stock units (RSUs), considering the vesting schedule and the company’s projected growth. Equity grants align the employee’s interests with Amazon’s long-term success and provide an opportunity for significant financial gain. The backloading of stock grants, common in tech companies, necessitates careful planning to ensure continuous employment through the vesting period. The number of shares offered is directly tied to how Amazon views the candidate. A larger grants signals Amazon is very interested in you.
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Performance-Based Incentives and Potential Earnings
This examines the structure and potential payouts of performance bonuses, taking into account the performance metrics and the likelihood of achieving bonus targets. Performance bonuses provide an opportunity to earn additional income based on individual and team contributions. Understanding the criteria for bonus eligibility and the factors that influence bonus amounts allows for a more realistic assessment of the potential overall earnings. For example, if a senior technical program managers goal involves new feature launch, they should try to understand the criteria and the calculation behind.
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Benefits and Indirect Financial Value
The financial value of benefits such as health insurance, retirement plans, paid time off, and other perks should be quantified and included in the total compensation analysis. These benefits represent indirect compensation that can significantly reduce personal expenses and contribute to overall financial well-being. Health insurance, for example, reduces the need for big out of pocket spendings. Understanding the full scope of these benefits allows for a more accurate comparison of different job offers.
A thorough total compensation analysis provides a clear and comprehensive picture of the financial benefits associated with the role. This detailed evaluation empowers individuals to make informed decisions, negotiate effectively, and ensure their compensation aligns with their experience, skills, and financial goals. The ultimate aim is not just to secure a job, but to secure a financially rewarding and fulfilling career at Amazon.
9. Long-term financial growth
The remuneration received as a senior technical program manager at Amazon directly correlates with prospects for sustained financial growth. The initial compensation package, comprising base salary, stock options, and performance bonuses, establishes a foundation for accumulating wealth and achieving long-term financial objectives. A significant portion of this growth is attributable to the vesting of stock options, which, contingent upon the company’s performance, can substantially increase in value over time. Furthermore, consistent demonstration of high performance can result in annual bonuses that bolster savings and investment capacity. The role itself also offers potential for upward mobility within the organization, leading to increased responsibilities and further salary enhancements. For example, a manager who consistently delivers successful projects might advance to a director-level position, thereby significantly increasing their earning potential.
Beyond direct compensation, the benefits package contributes to long-term financial stability by mitigating risks associated with healthcare costs and providing opportunities for retirement savings. Employer contributions to 401(k) plans and other retirement vehicles allow individuals to build a secure financial future. The opportunity to participate in employee stock purchase plans provides another avenue for acquiring company shares at a discounted rate. The long-term compounding effect of these investments, coupled with strategic financial planning, can generate substantial wealth over time. A practical example involves the allocation of vested stock options into diversified investment portfolios to mitigate risk and maximize returns. This underscores the importance of financial literacy and proactive management of accumulated assets.
In summary, the position offers a strong potential for long-term financial advancement. The combination of competitive compensation, equity ownership, performance-based incentives, and comprehensive benefits creates a pathway for wealth accumulation and financial security. However, realizing this potential necessitates disciplined financial planning, proactive management of investment portfolios, and a continuous focus on career development. Challenges include navigating market volatility, managing tax implications associated with stock options, and making informed decisions regarding retirement savings. The connection is clear: skillful management of this compensation, in conjunction with strategic financial planning, is essential for achieving long-term growth and is a critical element of securing a financially robust future.
Frequently Asked Questions
The following questions address common inquiries regarding compensation for Senior Technical Program Managers at Amazon, providing clarity and insight into the factors influencing these figures.
Question 1: What is the typical salary range for a Senior Technical Program Manager at Amazon?
The salary range for a Senior Technical Program Manager at Amazon varies significantly based on experience, location, and specific skills. However, base salaries generally fall within a broad range, supplemented by stock options and performance-based bonuses.
Question 2: How do stock options impact the overall compensation package?
Stock options form a substantial part of the total compensation. Their value depends on Amazon’s stock performance over the vesting period. A significant increase in the stock price can result in considerable financial gains for the employee.
Question 3: Are salary levels different across Amazon offices in various locations?
Yes, salary levels are adjusted based on the cost of living in the specific geographic location of the Amazon office. Seattle and the Bay Area, for instance, typically offer higher salaries to offset the higher cost of living.
Question 4: How does prior experience affect the starting salary for this role?
Prior experience is a primary determinant of starting salary. Candidates with extensive experience in project management, technical leadership, and relevant technologies typically command higher salaries.
Question 5: What role does performance play in determining annual bonuses?
Annual bonuses are directly tied to individual and team performance. Achieving or exceeding pre-defined performance goals and contributing to the company’s strategic objectives can lead to significant bonus payouts.
Question 6: Can the initial salary offer be negotiated? If so, what strategies are effective?
The initial salary offer is often negotiable. Effective negotiation strategies include researching industry benchmarks, articulating your value proposition, and being willing to discuss other components of the compensation package, such as stock options or benefits.
Understanding these factors allows prospective and current employees to better navigate the complexities of compensation within Amazon.
The next section will explore strategies for maximizing career growth within Amazon and continuously increasing earning potential.
Senior Technical Program Manager Amazon Salary
This section provides actionable strategies to increase compensation and advance career trajectory as a Senior Technical Program Manager at Amazon. These tips emphasize proven techniques and industry best practices.
Tip 1: Master Amazon’s Leadership Principles:
Demonstrate consistent application of Amazon’s 16 leadership principles in daily activities. These principles are integral to performance reviews and promotion decisions. Articulate how each principle has been applied to deliver impactful results in previous projects.
Tip 2: Cultivate Deep Technical Expertise:
Maintain a comprehensive understanding of relevant technologies, particularly those central to Amazon’s business (e.g., AWS, Machine Learning). Acquire certifications and pursue continuous learning to remain competitive.
Tip 3: Proactively Seek High-Visibility Projects:
Volunteer for challenging projects that align with strategic company goals. Successfully delivering on high-impact initiatives significantly enhances visibility and opens doors for advancement.
Tip 4: Develop Strong Cross-Functional Collaboration Skills:
Effectively collaborate with diverse teams, including engineering, product, and marketing. Build strong relationships and communicate clearly to ensure project success. This is highly valued as it allows multiple parties to connect better.
Tip 5: Mentor Junior Team Members:
Actively mentor and guide junior program managers. Demonstrating leadership by developing talent within the organization enhances your value and promotes a positive team environment.
Tip 6: Document and Quantify Achievements:
Maintain a detailed record of accomplishments, quantifying the impact of projects in terms of cost savings, revenue generation, or efficiency improvements. Use this data to support performance reviews and promotion requests.
Tip 7: Actively Network Within Amazon:
Attend internal events, join employee resource groups, and build relationships with colleagues across different departments. Networking expands visibility and creates opportunities for collaboration and career advancement.
Effective implementation of these strategies directly influences career advancement and, consequently, earning potential. A consistent focus on leadership, technical expertise, and proactive engagement fosters continuous professional growth.
The following section concludes this comprehensive overview of compensation considerations for Senior Technical Program Managers at Amazon.
Senior Technical Program Manager Amazon Salary
This exploration of “senior technical program manager amazon salary” reveals a multi-faceted compensation structure. Base salary, stock options, performance bonuses, and benefits are all crucial components that must be carefully considered. Location, experience, negotiation skills, and the ability to maximize career potential within Amazon directly influence overall earnings.
Understanding these complexities is paramount for both prospective and current employees seeking to achieve financial success in this role. By diligently researching market data, honing professional skills, and strategically planning for long-term financial growth, individuals can effectively navigate their career paths and realize their full earning potential at Amazon. The ongoing evaluation of one’s compensation and commitment to professional development remain essential for achieving sustained career and financial success.
