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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

#321
post #254

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…

> They are trying to find the edge case that can still get the job done but that they can also underpay so they have more money for the company/execs That would be people eternally stuck in the Green Card queue.

[deleted]

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

#322

Earlier quoted context omitted.

Not that I'm aware -- how would holding it reduce taxes? I'm not sure I understand.

Long Term Capital Gains Tax treatment when you sell (20%) after at least one year vs regular Income Tax treatment if you sell right away.

No. RSUs are not stock options. They're taxed at their current value when they're given to you.

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

#323

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…

Yes, I think that "rule" came about to have people avoid price anchoring against their own best interest. However, why not use the price anchor in your favor? It does take some confidence and ability to walk away, so in a compromised position I see the merit. But generally engineers are in a great position in the marketplace.

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

#324
post #273

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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 posi…

as in the supply of great devs outstrips the demand by a large margin

No, no, no. Not even close. At my last gig, we would interview for months to find a decent candidate. We were no AmaFaceGoog, but our pay was decent and the work was interesting. The supply (here in the Upper Midwest), definitely does not outstrip the demand!

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

#325
post #284
post #271

Earlier quoted context omitted.

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.

> I don't know a single person at Google who makes less than $180k in total comp, and that includes new grads. I assume this is MTV/SVL/SFO/NYC? I'm sure you can find new grads who make less than that in other offices. At least I make less than that as an L3 in SEA

SEA is in pretty much the same bracket when it comes to compensation. I've heard some rumors that recent new hires have been getting less stock than people in the past. Are you also including bonus (15-20% of salary)?

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

#326
post #308
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…

"here in Florida (a fairly low cost area)" Let's say you work in downtown Tampa and live 30-40 minutes away. You can get a 4 bedroom 2500 sq ft house for $350K. That's about 3 years salary for you. Now let's say you get a job at Facebook and want to find a similar house, about 30-40 minutes away. I think it will cost you upwards of $2M. You need to be making $670K or more to make housing the same fraction of your liv…

> to make housing the same fraction of your living expenses

And when housing is the same fraction, the disposable income after that fraction is removed is far, far higher. As Bill Gates says, once you can afford the $30 burger, there's nowhere to get an even more expensive burger.

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

#327

Earlier quoted context omitted.

But maybe the job isn't economically worth it at the higher salary? You seem to be assuming it's worth doing at any price, as does the article, and that's untrue. Besides, I don't know about others, but I've recently put out multiple job ads for one vacancy. Our app, Noctacam, uses computational photography to take great photos at night. I was looking for someone with computational photography knowledge and/or iOS. A…

This is a great point. One can think of a job posting as a bid on the market. Not every bid results in trade. Similarly, not every job posting is a job, like your example demonstrated.

So what's the job-market-equivalent of a HFT or broker to reconcile the bids and asks?

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

#328

Earlier quoted context omitted.

Perhaps, but I have NEVER heard of somebody getting fired for "up-skilling" while still getting work done.

I have seen people squeezing in a whole new stack just because. Like instead of adding two new web APIs to the existing server suddenly you have that weird beast that's half Node and half .NET.

I'm literally working one something that's exactly that, right now. Connected by HAProxy joining APIs from both sides. Weird.

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

#329

Earlier quoted context omitted.

Six months ago, I was making about 1/6 of that working as a software developer, and I wasn't badly paid for the area. I'm pretty sure most of my colleagues would sign up for that in five minutes.

I'm assuming you mean 1/6 of $150k (150k was salary plus benefits, the salary was only 100k). 25k is very badly paid for any area in the US (outside of a few territories) as a software developer. If you're not in the US, then obviously that changes things.

Yeah, not in the US :)

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

#330
post #289
post #243

Earlier quoted context omitted.

But they are totally taking on all the risk and hard work. YOu just have to work insane hours for half of your worth with the risk of getting fired. That's no risk at all compared to being a founder, you should be grateful they gave you that (pre-dilution) 0.015% as employee number 1. After all you get ot build something great!

Which is funny, given that much of their risk is probably just to reputation, if they are funded from angels and operate as a LLC, or whatever.

I always assumed founders put at least some of their own money into the venture. Isn't that the norm?

Were I a VC I wouldn't back someone without skin in the game.

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