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Just for a piece of context, this year, the base salary for right out of college software engineers at Google is ~$110,000. I would be very surprised if over the course of 10 years just $60,000 was added to a salary.
I think that generally, yes, people lie/embellish/exaggerate, especially about things like their salary and especially on the Internet. I cannot speak to any situation in the SF bay area, but I have caught people telling this lie, and had people confess to telling this lie.
Just for a piece of context, this year, the base salary for right out of college software engineers at Google is ~$110,000. I would be very surprised if over the course of 10 years just $60,000 was added to a salary.
I thought that big tech companies had a steep ladder to the distinguished engineer/fellow level where you get more perks and $?
Otherwise, a staff engineer with lots of experience is valuable, but if he's too valuable the company has screwed up.
Just a couple of points from the UK perspective: In the UK it is normal to quote salaries gross, pre-tax, but you're going to pay 40% on anything over £43k - and that's about right for a mid-level dev in London - and 45% on anything over £150k which is mid-size CTO territory. However, advertised rates are always pre-tax. As to how to get a better idea of rates, genuinely, self-reporting is BS. Looking at advertised r…
Clearly this depends significantly on role, but looking at your link indicates that £43k is a bit below-par (as I'd expect) for any of the more in-demand areas.
For example, if you can interview well (regardless of skill) then you can probably get a mid-level DevOps job for ~£60k if you shop around a little (or just put 'DevOps' on your linkedin profile and wait - I have multiple messages from recruiters suggesting £55k+ despite DevOps not really being what I do any more, and I suspect these aren't the top payers).
Where have you seen this? Can you provide example of this? I don't recall seeing this as a regular base number. Not with any kind of regularity any way.
Why is "base salary" a metric that you are even paying attention to as opposed to "liquid annual compensation"? The second one is the one that puts money in your pocket. I assume that anyone talking about "base salary" is actually trying to sloppily distinguish between liquid compensation and illiquid compensation and interpret accordingly. Average Google engineers aren't getting $200-300k in "base salary", but they…
The base salary is your true buying power. Financial institutes look at your gross base salary in order to calculate the income/debt ration. Stocks and bonuses are not included unless they ask for you W2 instead of your paychecks. Also, it's your minimum guaranteed income every month that you can use to pay your monthly bills.
Earlier quoted context omitted.
Even when anonymous? --- I found this (relatively) old paper[1]. It mostly deals with reporting on government forms, but there is a little bit about sensitivity of the information reported. Singer, Von Thurn, and Miller (1995) have shown that assurances of confidentiality reduce nonresponse and/or increase the accuracy of responses to income questions and other sensitive survey topics. In addition, recent technologic…
Yes. It makes them feel good about themselves showing they have a higher salary than others. Even anonymously, would you want to report your under average salary? I mean you could, but would you take the effort to create a throwaway account just to do that? Probably not.
The only scenario where it's better to not disclose it is a one where I think I'm already making more than my worth (than I should, according to the market).
Companies look down on sharing this information, because they have nothing to gain from it (or at least nothing easily measurable, and presentable as a gain to shareholders).
Or am I missing something?
But you need to factor in the cost of living in comparison to the offered salary to compare with other cities.
Some friends who went to work in Silicon Valley are making +$200K (some well above) but have had problems finding houses in good neighborhoods to raise families.
Basically it isn't affordable to live around there, even if you make +$200K USD. In part this is because the medium house price in Silicon Valley is apparently $2.6M http://www.businessinsider.com/silicon-valley-palo-alto-2016...
In Ottawa, Canada a great house (better than average) in a new suburb would be in the $350K USD range.
No they are not lying. A senior software engineer at Google easily makes >200K in cash compensation (salary + bonus), not counting RSU. And around half the Google engineering workforce is at that level or higher. I won't be surprised to see similar or even higher numbers at FB / Linkedin / Netflix. source: been a googler for >8 years
I suspect this is only in the bay (or maybe other "high value" areas) ? I never heard such figures in the UK for example in those companies (well, for FB/Google anyway, never heard of Linkedin/netflix).
Why is "base salary" a metric that you are even paying attention to as opposed to "liquid annual compensation"? The second one is the one that puts money in your pocket. I assume that anyone talking about "base salary" is actually trying to sloppily distinguish between liquid compensation and illiquid compensation and interpret accordingly. Average Google engineers aren't getting $200-300k in "base salary", but they…
The base salary is your true buying power. Financial institutes look at your gross base salary in order to calculate the income/debt ration. Stocks and bonuses are not included unless they ask for you W2 instead of your paychecks. Also, it's your minimum guaranteed income every month that you can use to pay your monthly bills.