I would be more interested in data that shows how much money an engineer takes back home (net income) compared to the rest of the world. eg Software Engineer from Atlantis earns 100 000 USD but pays 55% of tax so takes home only 45000 Software Engineer from Middle-Earth earns 60 000 USD but pays 10% tax and takes home 54000 etc
You also have to take into account things like quality of life in the city vs a long commute if living in the suburb.
Open Source Project – View 689 Salaries Posted on Hacker News, Share Yours
211–220 of 229 posts
Re: Open Source Project – View 689 Salaries Posted on Hacker News, Share Yours
#212Amazon keeps asking me to interview and everyone tells me it's a terrible place to work. After seeing this compensation via equity I'm thinking it might be worth it. Anyone work at Amazon and loves it or think it's really worth it?
One of the tables has this important piece of information at the bottom: "Amazon's vesting schedule is 5%, 15%, 40%, and 40% over the 4 years" This is a significant deviation from the industry standard, which is to have a one year cliff, and have stock vest month-to-month afterwards. What happens if you leave in the middle of year 3?
and there's also refreshes that vest at (probably) a different time of half-year.
Re: Open Source Project – View 689 Salaries Posted on Hacker News, Share Yours
#213Earlier quoted context omitted.
One of the tables has this important piece of information at the bottom: "Amazon's vesting schedule is 5%, 15%, 40%, and 40% over the 4 years" This is a significant deviation from the industry standard, which is to have a one year cliff, and have stock vest month-to-month afterwards. What happens if you leave in the middle of year 3?
"Backloaded." Amazon's average retention is 2-3 years so they mostly don't have to pay that out. It's pretty horrific for individual employee compensation. If you leave in year 3, you lose 80% of your signing grants.
What you call "signing bonus" I call "guaranteed raise if you stay"
Re: Open Source Project – View 689 Salaries Posted on Hacker News, Share Yours
#214Earlier quoted context omitted.
How on earth does that make sense? Amazon has data centers all over the world - why would working on a 2am page be any more efficient at the "office at location A" (corporate) versus the "office at location B" (home).
It doesn't make sense to me either. I believe at the time they said something about having a strict network access policy, forbidding access from home.
Re: Open Source Project – View 689 Salaries Posted on Hacker News, Share Yours
#215Earlier quoted context omitted.
How did you determine that? Perhaps your expectations are just high?
We just notice that of the engineers on our platform, the people who make more money generally don't seek out this kind of data. And the people who are more uncertain about what they should be making tend to be more curious and willing to share.
Re: Open Source Project – View 689 Salaries Posted on Hacker News, Share Yours
#216Earlier quoted context omitted.
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
#217Earlier quoted context omitted.
Base salary vs total comp data from the research can be eyeballed from the first graphic in the article. For anecdote, approximately 66% of my total compensation is in base salary. When I first started working 5 years ago, it was 92%. These numbers are probably skewed somewhat by Bayarea salaries, which have to compensate a little for the high cost of living (compare for example Facebook/Google to Microsoft/Amazon, w…
Well, for the past four years my total compensation has been 100% base salary, and I'm the equivalent of a low-end SDEIII so my total would double in salary alone. That leads me to believe I am underpaid even by Dallas standards, but I really have no idea how to gauge my market value.
Re: Open Source Project – View 689 Salaries Posted on Hacker News, Share Yours
#218Why does MS pay their engineers less than other tech companies when most of their services are not free? It's like getting paid at tight budget startups. Despite of the reported salary here, I admire the engineers there. Is it because MS has great work culture and excellent benefits?
Re: Open Source Project – View 689 Salaries Posted on Hacker News, Share Yours
#219What about retirement/pension plans? This also has cash value and should be part of the comparison.
I'd be surprised if any of the big companies didn't provide at least 401K and as much matching as the law will allow. There really isn't a lot of freedom to innovate in this space that I'm aware of. With that said, Google did have this odd thing where you could do an in-plan Roth conversion, and put post-tax dollars into your 401K. I did this in 2013 or 2014, and I think Google was one of the few companies to offer t…
Frugal FTW
Re: Open Source Project – View 689 Salaries Posted on Hacker News, Share Yours
#220I 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…
> 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. Your comment on "retention" is factually incorrect. I'll presume your comments are in relation to "tech roles" such as SDE SDM TPM etc. First the number of Amazon hires in "tech roles" increases by ~50% per year . i.e., in year 1 there are 1,000 SDEs hired, year 2 is 1,5…
I disagree.
> First the number of Amazon hires in "tech roles" increases by ~50% per year. i.e., in year 1 there are 1,000 SDEs hired, year 2 is 1,500, year 3 is 2,250, year 4 is 3,375 and so on.
This could not possibly be true. If it was, they would be hiring ~1.5M technical people a year (since they've been in business since 1997). Perhaps you meant since 2005, but that would still represent 58k people per year hired. According to this article (http://www.geekwire.com/2015/huge-growth-amazon-reaches-2224...), they only have 24k in the state of Washington, where the vast number of people are. So nothing about this statement is true.
> "Attrition" represents the number of individuals who leave for any reason. This may be because the employee terminates employment or the company terminates employment. Attrition levels are comparable to the rest of the tech industry, ~15% of the current population per year.
Can you show me that data? about 15% per year? I've seen vastly different numbers internally, but would prefer not be sued in sharing them.
> "Tenure" is the length of employment. Because hiring greatly exceeds attrition you should expect a relatively low average and median retention. As I recall Amazon is approximately 12 months median tenure. This is comparable to Google at ~13 months, for example.
Correct, but these numbers are heavily obfuscated due to part time hires and vendors.
> Lastly the employees current tenure does not have a substantial impact on the probability of their attrition. Indeed the average tenure at exit is somewhere around 3 years.
Again, show me the data. I've seen the internal stuff. If you'd like not to believe me, feel free; I know I don't believe you.