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U.S. Employers Struggle to Match Workers with Open Jobs

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Re: U.S. Employers Struggle to Match Workers with Open Jobs

#271
post #227

Earlier quoted context omitted.

I feel like there's two tiers of the software industry: those employable at AmaFaceGoogFlix or a competitor, and everyone else; but the "everyone else" is completely unaware that the first tier exists. It's like if minor league baseball had no idea about major league baseball. You even see it on HN. Someone will come along and talk about how a senior dev at Google can expect $250k a year. You'll get two categories of…

I still don't believe the $250k figure :) I make exactly half of that here in Florida (a fairly low cost area) as a senior dev and my salary has definitely plateaued (and I haven't had a raise in a few years). I know I make more than most of my peers and local recruiters scoff when I tell them my current pay (I had to talk my current employer up about $30k just to match my salary at my previous employer to get me to…

I don't know a single person at Google who makes less than $180k in total comp, and that includes new grads. If you are more senior in any way (e.g. graduated college 2 years ago instead of just now), you're looking at >$200-220k, and if you're actually Senior Software Engineer, you're looking at $250-300+k total comp in a year.

Really, don't let the base salary numbers fool you. RSUs is where it's at.

Re: U.S. Employers Struggle to Match Workers with Open Jobs

#272

Earlier quoted context omitted.

The latter, hands down. I quit college to startup an IT support company, and despite going back in spurts, never finished. I got quite a few jobs after I left the startup though, and in retrospect I think the primary factor that got me those jobs, despite my many years of expertise, was the fact that since I didn't have a degree they could pay me less vs most of the other candidates. The most recent one, that promise…

I generally agree with your premise, but wages are sticky, economically speaking. There might be a few people here who'd be okay with fluctuations of 10 or 20 percent in their salary on an annual basis, but by and large, most people would expect that there's not a decrease in their salary over time.

> ...most people would expect that there's not a decrease in their salary over time.

So why don't companies give more aggressive bonuses then? It would help with retention if nothing else.

Re: U.S. Employers Struggle to Match Workers with Open Jobs

#273
post #227

Earlier quoted context omitted.

I still don't believe the $250k figure :) I make exactly half of that here in Florida (a fairly low cost area) as a senior dev and my salary has definitely plateaued (and I haven't had a raise in a few years). I know I make more than most of my peers and local recruiters scoff when I tell them my current pay (I had to talk my current employer up about $30k just to match my salary at my previous employer to get me to…

Do you mean that you actually don't believe it? As in, "I think that's a false statement"? Or do you mean that you're jokingly in "a state of disbelief", as in… surprised or taken aback? I have friends in low cost areas that make around what you're describing. They don't continue doing that because of willful disbelief, they understand that they could move and make 2.5x their current income. They just like the lifest…

Perhaps somewhere in between. While $250k sounds high for a pure code-slinger, I'm willing to believe a few companies (Google, Microsoft, et. al.) choose to pay a small number of their top devs that kind of money.

On the other hand, competition for dev jobs in general is so fierce (as in the supply of great devs outstrips the demand by a large margin) that I can't imagine it would be difficult to fill those same positions at a significantly lower salary (or total comp, whatever -- I've never held a job that pays equity or bonuses in any non-trivial amount).

Re: U.S. Employers Struggle to Match Workers with Open Jobs

#274

Earlier quoted context omitted.

> I know it's considered bad negotiation it's not. the more assertive you are with your compensation requirements, the more likely you are to get paid what you want. i don't know where this crazy idea of "don't tell anyone what you want to be paid" came from, it sounds like some real amateur hour nonsense that will get you passed up in favor of someone who is more straight forward with the entire process. imagine try…

> imagine trying to buy a product or service, but nobody will tell you how much it costs, but instead tries to subtly hint that you should name your price There are tons of products that don't have a listed prices, just a "call our sales representatives". Heck, the job listings don't list salary expectations, even when they're cold calling you .

"call our sales representatives" means they'll tell you if you call. i'm guessing you never call, because you don't actually want to talk to anyone, which is exactly what they're trying to do: filter you out.

Re: U.S. Employers Struggle to Match Workers with Open Jobs

#275

Earlier quoted context omitted.

I feel like there's two tiers of the software industry: those employable at AmaFaceGoogFlix or a competitor, and everyone else; but the "everyone else" is completely unaware that the first tier exists. It's like if minor league baseball had no idea about major league baseball. You even see it on HN. Someone will come along and talk about how a senior dev at Google can expect $250k a year. You'll get two categories of…

That tier distinction is way too fluid in my experience to claim it as a real thing; a large (not small) number of people I know who've worked at or work at Google easily belong in the 'minor leagues', but it's just an over the top confidence even arrogance, often combined with a lot of years of sticking with tech, that got them their job. Seriously, a lot of mediocre developers if you add a bunch of years (or a post…

It is only misleading when you are talking about startups that give non-liquid equity. The difference between you and me is that I can sell my stock literally the moment it vests at pretty predictable price, while you can only use valuation to price it, are probably affected by liquidation preferences, and don't have buyers lined up for your stock.

Re: U.S. Employers Struggle to Match Workers with Open Jobs

#276

Earlier quoted context omitted.

I feel like there's two tiers of the software industry: those employable at AmaFaceGoogFlix or a competitor, and everyone else; but the "everyone else" is completely unaware that the first tier exists. It's like if minor league baseball had no idea about major league baseball. You even see it on HN. Someone will come along and talk about how a senior dev at Google can expect $250k a year. You'll get two categories of…

> I know it's considered bad negotiation it's not. the more assertive you are with your compensation requirements, the more likely you are to get paid what you want. i don't know where this crazy idea of "don't tell anyone what you want to be paid" came from, it sounds like some real amateur hour nonsense that will get you passed up in favor of someone who is more straight forward with the entire process. imagine try…

Slightly related. I openly share my salary information with all of my friends in tech, 90% share their history back with me. I refuse to let social mores depress my wages or those of my friends. I recommend all engineers do the same.

Re: U.S. Employers Struggle to Match Workers with Open Jobs

#277

Earlier quoted context omitted.

There is a shortage of workers in as much as there is a shortage of BMW 7-series sedans for under $30k. I looked everywhere at that price. Massive shortage.

If going to the doctor for a checkup costed you 20K out of pocket, would you consider there to be a "shortage" of doctors? How about if it costs a 100$ per loaf of bread? I'd considered that to be a shortage. Even if supply is technically meeting demand.

> How about if it costs a 100$ per loaf of bread?

If bread cost that much, we'd start eating more rice, pasta, and potatoes. We'd change our meal plan.

Likewise, if the employees you need to hire to execute on your business plan are too expensive, you need to adjust your business plan. Maybe hire different kinds of employees, maybe pursue higher margin opportunities, maybe cut your losses and try something else.

Re: U.S. Employers Struggle to Match Workers with Open Jobs

#278
post #227

Earlier quoted context omitted.

I still don't believe the $250k figure :) I make exactly half of that here in Florida (a fairly low cost area) as a senior dev and my salary has definitely plateaued (and I haven't had a raise in a few years). I know I make more than most of my peers and local recruiters scoff when I tell them my current pay (I had to talk my current employer up about $30k just to match my salary at my previous employer to get me to…

H1B data is public. You can see exactly how much they are offering H1Bs, which most people assume to be lowballing. The median for Google is $127K, but that includes junior engineers. Sort by salary to see the senior roles. And then remember that this is just base salary. Usually, the RSUs are almost equal to the salary when granted, and sometimes double in value over the four years they vest. http://h1bdata.info/ind…

This is a good data set to calibrate in larger orgs or an industry. You should be within a std deviation I would say for your role. Software engineers are lucky in that we can work across industries.

Re: U.S. Employers Struggle to Match Workers with Open Jobs

#279

Earlier quoted context omitted.

> I know it's considered bad negotiation it's not. the more assertive you are with your compensation requirements, the more likely you are to get paid what you want. i don't know where this crazy idea of "don't tell anyone what you want to be paid" came from, it sounds like some real amateur hour nonsense that will get you passed up in favor of someone who is more straight forward with the entire process. imagine try…

Slightly related. I openly share my salary information with all of my friends in tech, 90% share their history back with me. I refuse to let social mores depress my wages or those of my friends. I recommend all engineers do the same.

Ok, how much?

Re: U.S. Employers Struggle to Match Workers with Open Jobs

#280

Earlier quoted context omitted.

Sure, but $1 of stock isn't worth $1 of liquid assets. It may be worth more than $1 in the long run, but when you're first handed it, you have to undervalue it, compared to hard cash. I'm a theoretical millionaire several times over, from stock options in startups that suffered the fate of the 99%. You can obviously put more value in the stock of a SV megalith, but even then, you're putting a lot of eggs in one baske…

> $1 of stock isn't worth $1 of liquid assets Er, why not? Only difference is I have to pay a $5 trading fee on Schwab to turn stock into cash. So I guess $10,000 in stock is worth $9,995 in liquid assets. > even then, you're putting a lot of eggs in one basket. Only if you hold the stock. Which nothing forces you to do. I can (and do) sell all of my tech company stock on the day it vests and buy other assets instead…

You can hold it to reduce taxes right?
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