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Ask HN: Are there any tech companies throwing $$ at candidates these days?

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Re: Ask HN: Are there any tech companies throwing $$ at candidates these days?

#21

Post by orangepurple »

xdfgh1112 wrote: post #11
anon_070522 wrote: post #3

No, they have not dried up; about a year ago, I changed jobs, effectively doubling my already six-figure salary. I'm currently in the interview process again and from my experience so far, while I don't think I'll be doubling my salary, I do expect the position I end up taking will probably pay $30,000-$50,000 more than I currently make without any sort of jump in title. YMMV; I'm a senior cloud engineer with 8 years…

So what happens when you work remote for like 250k? Do you just retire after five years? Trying to get my head around US salaries.

Rents for decent apartments in most US cities over 200k population are between 2000 and 9000 dollars per month

Re: Ask HN: Are there any tech companies throwing $$ at candidates these days?

#22

Post by synicalx »

My employer is currently spending a MASSIVE amount on recruitment globally, and we're still having a hard time hiring especially in California. We've got ads on every social media platform and job network, we've got booths at every career day and conference, we've hired extra recruiters on contracts AND subbed out to boat loads of 3rd party recruiters, and I'm pretty sure we've even started producing video ads for YouTube.

Our offers are pretty generous I would say, not FAANG levels but way above "average" + good bonuses. We're not a "bad" company to work for either - high staff retention (some are nearing 20 years), good Glassdoor feedback, really generous with the WFH equipment (we've all got more monitors than we know what to do with), and I would say we're an almost universally liked brand all over the world. And despite all this, so far this year in our team we've managed to hire 2 people for the 8 vacant spots (with 6 more spots over 12 months). I hear from other teams it's basically the same story, they're even getting people quitting one week before they start due to a slightly better offer.

tl;dr - I think there are still companies out there making obscene offers to some candidates, especially the senior and above tier ones. I wish they would stop because I'd also like to hire some people.

Re: Ask HN: Are there any tech companies throwing $$ at candidates these days?

#24

Post by __turbobrew__ »

synicalx wrote: post #22

My employer is currently spending a MASSIVE amount on recruitment globally, and we're still having a hard time hiring especially in California. We've got ads on every social media platform and job network, we've got booths at every career day and conference, we've hired extra recruiters on contracts AND subbed out to boat loads of 3rd party recruiters, and I'm pretty sure we've even started producing video ads for Yo…

Do you mind sharing the company name? I’m interested

Re: Ask HN: Are there any tech companies throwing $$ at candidates these days?

#26

Post by synicalx »

__turbobrew__ wrote: post #24
synicalx wrote: post #22

My employer is currently spending a MASSIVE amount on recruitment globally, and we're still having a hard time hiring especially in California. We've got ads on every social media platform and job network, we've got booths at every career day and conference, we've hired extra recruiters on contracts AND subbed out to boat loads of 3rd party recruiters, and I'm pretty sure we've even started producing video ads for Yo…

Do you mind sharing the company name? I’m interested

I'd prefer not to, at least publicly. I've dropped an email address in my bio - feel free to ping me there if you like.

Re: Ask HN: Are there any tech companies throwing $$ at candidates these days?

#27

Post by dpark »

jsiaajdsdaa wrote: post #20
dpark wrote: post #18

Earlier quoted context omitted.

> You pay 35% taxes so that's like 150 These are weird numbers. 35% of 250k is not 100k. It’s 87.5. And you shouldn’t be paying 35% on 250k. 35% is the top tax rate you pay. Most of your dollars will not be taxed at that rate. At 250k of income you should actually be paying about $70k in taxes. But yeah, you’re not retiring in 5 years unless you’re retiring somewhere exceedingly cheap.

You are forgeting the 10% (aka $25,000) state tax in California which might be where this person is, which will bring them quite neatly to $95,000.

If you choose to work remotely to save money, you’re probably not going to stay in California.

Re: Ask HN: Are there any tech companies throwing $$ at candidates these days?

#28

Post by anm89 »

dpark wrote: post #18
darioush wrote: post #12

Earlier quoted context omitted.

You pay 35% taxes so that's like 150, then you max out retirement and you're left with like 130. You spend 50-70k and then save 60k a year which is like 1 year of your pre-retirement expenses (not including any children, just like a couple or single person) So yeah definitely not retiring in 5 years unless you are already 55. This also means you didn't do anything flashy or crazy with your money or lose it in markets…

> You pay 35% taxes so that's like 150 These are weird numbers. 35% of 250k is not 100k. It’s 87.5. And you shouldn’t be paying 35% on 250k. 35% is the top tax rate you pay. Most of your dollars will not be taxed at that rate. At 250k of income you should actually be paying about $70k in taxes. But yeah, you’re not retiring in 5 years unless you’re retiring somewhere exceedingly cheap.

That's only federal. You could pay more than 100k on this.

Re: Ask HN: Are there any tech companies throwing $$ at candidates these days?

#29

Post by dpark »

anm89 wrote: post #28
dpark wrote: post #18

Earlier quoted context omitted.

> You pay 35% taxes so that's like 150 These are weird numbers. 35% of 250k is not 100k. It’s 87.5. And you shouldn’t be paying 35% on 250k. 35% is the top tax rate you pay. Most of your dollars will not be taxed at that rate. At 250k of income you should actually be paying about $70k in taxes. But yeah, you’re not retiring in 5 years unless you’re retiring somewhere exceedingly cheap.

That's only federal. You could pay more than 100k on this.

I know that pedantry is kind of a thing here, but people working remotely to save money aren’t generally living in a state like California.

Also for the sake of pedantry, you still won’t be paying 35% even with California taxes. Nor could you pay over 100k even in California, so far as I can tell, unless taxes go up or there’s other income at play.

Re: Ask HN: Are there any tech companies throwing $$ at candidates these days?

#30

Post by jsiaajdsdaa »

dpark wrote: post #27
jsiaajdsdaa wrote: post #20

Earlier quoted context omitted.

You are forgeting the 10% (aka $25,000) state tax in California which might be where this person is, which will bring them quite neatly to $95,000.

If you choose to work remotely to save money, you’re probably not going to stay in California.

That is true, however only a handful of states have 0 income tax (making up for it instead with property tax), and most still have around 5-7%.
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