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Open Source Project – View 689 Salaries Posted on Hacker News, Share Yours

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Re: Open Source Project – View 689 Salaries Posted on Hacker News, Share Yours

#141
post #75

Earlier quoted context omitted.

When I have a 200k income, I don't really care about getting welfare, and I can probably pay healthcare myself. But I don't have that kind of income, and then healthcare, pension and social benefits really count. We may pay more tax, but I'm glad we have the backup system that keeps you going when you're sick or unemployed.

The sad reality is if your employed, you have good health insurance, and if your not, your visa isn't there either and your back to europe/canada with social services anyway :/ American also has Social Security & 401k (pensions) and health care for the old (medicare) / poor (mediCAL, medicaid), and some social services (public school, various state programs in california)

Comparing pensions does get tricky very quick. In Canada for example there is a deduction from your paycheque for Canada Pension Plan (CPP) (assuming you don't live in Québec), but many employers will also have matching-contribution RRSP (same as a 401k) plans. So when you retire you get government pension plus private sector pension (which would be a mix of what you contributed and what your employer matched). The UK is similar where you get a government pension plus many employers have a tax-deferred retirement savings plan they will contribute to.

Re: Open Source Project – View 689 Salaries Posted on Hacker News, Share Yours

#142

Holy cow! Facebook's median signing bonus for Level 1 (new grad) engineers is $75K! Why is that higher than for experienced engineers? How can the other companies compete with that?

Is that stock or cash?

Re: Open Source Project – View 689 Salaries Posted on Hacker News, Share Yours

#143

Earlier quoted context omitted.

My thoughts exactly $400K? Could someone being paid this level of money please share your career path.

Luck, basically. Working at Google was both a gateway to more opportunities, and a gateway to a much higher salary. I had been working remotely for a long time for a small company, and making what I considered to be good money, considering that I lived in a fly-over state. When I was hired at Google, it more than doubled my salary after a while, when stock grants began to vest. I now work for Netflix, and I am making…

Are you able to have a life outside work? How many hours do you work in a typicaly day/week ?

Re: Open Source Project – View 689 Salaries Posted on Hacker News, Share Yours

#144

I won't go on about the work quality at Amazon, there are plenty of other places to read about that. It _is_ important to note that the average retention at Amazon (even for excellent people) is ~50% for 1 year, and ~20% or lower for the 2nd year. Therefore, these comparisons should really take that into account. Amazon MAY look higher than Microsoft (for example) but because you only see 20% of your total vest the f…

At least when I started there the first two years had cash bonuses to make up the target-comp difference before the larger stock vests came in, so it was fairly even.

Re: Open Source Project – View 689 Salaries Posted on Hacker News, Share Yours

#145
post #5

Earlier quoted context omitted.

There's obviously going to be a bias of some sort, but it would probably be worth looking at the distribution of the reported salaries to get a better sense of that. (The author may have already looked at the spread of salaries, I haven't read through the whole thing yet). You could also try comparing with visadoor.com or another source of H1B data for the same companies to try to see where they fit in. There may be…

The data you see on such sites is only the base salary component as they parse through LCA disclosure data. As highlighted above, much of the compensation comes from bonuses / stocks etc. I did some analysis on the above data as well: http://ashwinikhare.in/tech-firms-guest-visa/

Yeah, sorry if I came across as implying it to be an equivalent data set. I just meant that if someone is wondering how the distribution of salaries compares to everyone with a specific title at a specific company, they might want to compare the base salaries being collated here with the base salaries for H1Bs with the same title.

Re: Open Source Project – View 689 Salaries Posted on Hacker News, Share Yours

#146
post #53

Holy crap, I didn't realize that starting salary at Google was $175K. That seems a bit high for new college hires, but I suppose I'm comparing that to my salary as a freshie sdet.

Read the chart again. It says the median starting salary is $110,000. $172,000 is the median total annual compensation, which includes bonuses (and stock typically won't vest during the first year, which means total compensation for the first year is actually closer to $123,000).

>which means total compensation for the first year is actually closer to $123,000

No, $172,000 is the median for year 1. Even $200k+ total comp at year 1 is typical for Google in the bay.

The significant increases in bonus pay for higher levels reflect stock vesting for year 2/3/4/5 employees.

Edit: "Google" in the bay

Re: Open Source Project – View 689 Salaries Posted on Hacker News, Share Yours

#148
post #25

Earlier quoted context omitted.

At GOOG/FB a large chunk of that comes from equity. 400k for a senior+ level engineering job at one of the "big" tech co's in the valley/SF isn't outrageous at all. Base salary ~200, bonus/equity another ~200.

Being paid in equity is just plain annoying. It makes your taxes far more complex and, at least at Google) unless you set up an autosale program a year in advance, your money is tied up in company stock until the next trading window. The taxes on equity are a huge PITA when equity is a large fraction of your salary. This is because they withhold at only 25%, even if your tax bracket is higher. This means you have to…

Perhaps I am missing something, but the idea behind getting paid partially in equity is that your total compensation is higher.

Re: Open Source Project – View 689 Salaries Posted on Hacker News, Share Yours

#149

Holy cow! Facebook's median signing bonus for Level 1 (new grad) engineers is $75K! Why is that higher than for experienced engineers? How can the other companies compete with that?

Is that stock or cash?

It's all cash contingent on employee staying for 1 year (I think).

Re: Open Source Project – View 689 Salaries Posted on Hacker News, Share Yours

#150

Holy cow! Facebook's median signing bonus for Level 1 (new grad) engineers is $75K! Why is that higher than for experienced engineers? How can the other companies compete with that?

Is that stock or cash?

That isn't specified. But isn't signing bonus usually cash? There's separate section for stock bonus in that table.
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