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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

#181
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…

Did you consider simply skipping estimated payments and paying the interest? It's only 3% above the federal funds rate. (Historical real return on equities is usually computed to be higher.)

Or a hybrid (pay a reasonable amount in estimated taxes but don't put any serious effort into getting it exact).

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

#182
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…

Anyone finding their $200K in tech company equity to be a big pain in the ass should feel free to send it to me. I'll grudgingly bear the burden for you.

Sheesh!

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

#183

Earlier quoted context omitted.

It's strategic because they know that most candidates barely know what an RSU is and salary is the main factor they will take into consideration. So companies can get by with paying the workers half what they'd make at Google and still make it seem competitive because the salary may be the same.

I think another factor is the salary sites such as salary.com, payscale, glassdoor, etc. These sites often don't include RSU in comparisons among companies. If it was included, many could see just how underpaid they are and there would be more pressure on companies.

My guess would be at the vast majority of tech companies that are not called Google or Facebook, RSU compensation is a tiny add-on to your base comp and wouldn't move the needle much.

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

#184

Google engineers would certainly like to think that. In reality, Google's hiring process selects for people who can follow instructions and are happy trading self-sufficiency and independence for the social validation that comes with working for such an "elite" company. Google engineers are some of the most sheep-like creatures on the planet.

This sort of attack on people isn't ok here. If you want to make a careful criticism about hiring practices, you're welcome to do that, but not this.

We detached this subthread from https://news.ycombinator.com/item?id=11535180 and marked it off-topic.

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

#185

Earlier quoted context omitted.

I love it. You either love it or hate it. Read the leadership principles. If you align with what they're saying, you'll enjoy it. If you don't like them, you won't like Amazon.

I disagree. There are many leadership principles which are contradictory either in part or in whole (e.g. Dive Deep vs. Bias for Action; Insist on the Highest Standards vs. Invent and Simplify). You can squint and see how these would be the same, but often they're just used as arrows in a quiver to knock someone down and/or put someone on a PIP (performance improvement plan). Example I witnessed during people review…

Leadership principles (LPs) are not contradictory so much as they are in tension with one another. That's not a bad thing, it's a good thing. Navigating the tension is what helps discover good outcomes. For example, if a customer calls up wanting a refund, then granting the refund supports Customer Obsession but contradicts Frugality. When deciding between options, there is always a tradeoff, and the LPs provide a lexicon for identifying and reasoning about what you're trading off. Amazon strives to be the world's most customer-centric company, and hence will generally choose the approach consistent with customer obsession. Identifying and discussing that tension and how to resolve it is constructive.

I don't see them as arrows to knock people down. I see them rather as, well, principles to use when reasoning about a situation. Giving a name to a concept is a good way to reason about it and discuss it. They are used when reasoning about performance, it's true, but it's used across the board: when justifying a promotion, when praising a high-performer who excels within their level, when identifying areas of growth, as well as while discussing job performance with people who are doing less well.

Performance and leadership in a creative job like software engineering cannot be perfectly objective (it's not like an assembly line where you process N units per hour), but the LPs provide some objective concepts and terminology to apply while discussing performance; they break down performance into dimensions that can be discussed individually in the context of examples, which is an advantage over just vaguely discussing things at a high level. For example, "Bob found a creative way to pack more software onto existing servers without harming performance (Frugality)" or "Sally spent two hours on the phone helping our biggest customer (Customer Obsession)" or "After causing an outage, Joe wasn't able to identify anything he'd do differently next time. I'm concerned that he's not vocally self-critical." I'd much rather have a discussion of my performance or leadership in concrete terms like these, rather than vague ones.

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

#186
post #24

Earlier quoted context omitted.

We're not quite there yet with the data we have :). Anecdotally though, it seems like companies in Europe pay less and take out more taxes.

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.

Healthcare is actually a macro economic question. The private American system is much worse, and more expensive than the British public, universal system which is free at the point of delivery for everyone. Americans spend 17.9% of their GDP on healthcare, while the British only spend 9.6%. Americans are being ripped off by the American healthcare industry.

Personally, I rather pay a 10% tax to cover healthcare rather than 20% of my salary to insurance premiums.

https://docs.google.com/a/hackbinary.com/spreadsheets/d/1aMx...

http://www.theguardian.com/news/datablog/2012/jun/30/healthc...

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

#187

Earlier quoted context omitted.

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

Yes. I probably work about 45-60 hours in any given week. I have a family that I see for breakfast and dinner every day, and spend all day with most weekends. All-in-all, I work less, and have a far better work-life balance than I did a few years ago, when working for the small company. In that company, I had sole responsibility for an entire product area, and often worked over 80 hours per week. As an afterthought,…

What team were you on at Google?

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

#189
post #24

Earlier quoted context omitted.

We're not quite there yet with the data we have :). Anecdotally though, it seems like companies in Europe pay less and take out more taxes.

Maybe, but on the flip side, I finished Uni with about £20k debt, in the most benign from that debt can take, and working in software I immediately earned more than that per year. I also never had to care about medical bills (still don't) because of the NHS. Just want to point out that there is a good reason for the higher taxes.

It's almost as if standard and cost of living are incredibly complex equations that you can't boil down into an HTML table.

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

#190

Earlier quoted context omitted.

I disagree. There are many leadership principles which are contradictory either in part or in whole (e.g. Dive Deep vs. Bias for Action; Insist on the Highest Standards vs. Invent and Simplify). You can squint and see how these would be the same, but often they're just used as arrows in a quiver to knock someone down and/or put someone on a PIP (performance improvement plan). Example I witnessed during people review…

Leadership principles (LPs) are not contradictory so much as they are in tension with one another. That's not a bad thing, it's a good thing. Navigating the tension is what helps discover good outcomes. For example, if a customer calls up wanting a refund, then granting the refund supports Customer Obsession but contradicts Frugality. When deciding between options, there is always a tradeoff, and the LPs provide a le…

You get it.
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