Paying top employees the highest salaries in the market • Hacker News Board

Re: Paying top employees the highest salaries in the market

#191

Post by vilmosi » Mon, Sep 25, 2017, 8:23 PM UTC

driverdan wrote: post #148

kc10 wrote: post #92

Earlier quoted context omitted.

I personally love working close with my team in an open-setting. That's the reason I go to office every day even though my employer offers WFH. I just prefer turning around and asking a question or have a quick discussion. If everyone is working from home or in their personal offices, I hate having to get on a call or schedule a meeting to gather everyone to a meeting room for a quick discussion. Sure, at times it ca…

> I just prefer turning around and asking a question or have a quick discussion. I read that as "I love disrupting the productivity of everyone else by interrupting them constantly." I personally hate that. When I'm in the middle of something I don't want other people asking me questions or having "quick discussions." Save that for when I'm between work.

>>> When I'm in the middle of something I don't want other people asking me questions or having "quick discussions."

Yeah, I get that, but most of us work in a team.

Re: Paying top employees the highest salaries in the market

#192

Post by jnordwick » Mon, Sep 25, 2017, 8:58 PM UTC

soVeryTired wrote: post #171

jnordwick wrote: post #71

This is fairly coming financial technology except less base and more bonus. I've seen plenty of $500-800k base with 4x bonus (and more especially if you are close to the money or on the front desk). I think it is very healthy. It creates tiers in the profession because some developers are that much better. Being good glueing together frameworks isn't going to command that salary.

Sorry, where? In the UK at least, you're talking about the top couple of dozen in any of the major investment banks. Only a couple of hundred in any given bank make more than a million total comp. https://news.efinancialcareers.com/uk-en/159654/everything-y...

NYC and Chicago mostly.

I'm talking about those who are exceptional producers and director level and above and including all forms of compensation including guaranteed bonus minimum and a percentage of pnl at a trading firm.

Re: Paying top employees the highest salaries in the market

#193

Post by jnordwick » Mon, Sep 25, 2017, 9:05 PM UTC

popopobobobo wrote: post #182

jnordwick wrote: post #71

This is fairly coming financial technology except less base and more bonus. I've seen plenty of $500-800k base with 4x bonus (and more especially if you are close to the money or on the front desk). I think it is very healthy. It creates tiers in the profession because some developers are that much better. Being good glueing together frameworks isn't going to command that salary.

Wow, I don't see these kind of developers walking around. I see managers in finance do this sometimes though. But definitely not plenty. You must be living in some paradise.

Sorry I didn't mean to make those numbers sound common. They are debuggers the exceptional end and either director or above or getting a percent of pnl and a trading firm.

With just the people I know about i can probably list over a dozen easily dev or dev leads at $1000000+ last year.

Re: Paying top employees the highest salaries in the market

#194

Post by foota » Mon, Sep 25, 2017, 9:24 PM UTC

Abishek_Muthian wrote: post #2

The thing with excessive remuneration with startup’s are, it’s highly unlikely one could switch to a better paying job when the need arises. Update : To people who ask why would someone need another job? There are multitude of reasons, a well funded startup which could pay several times the industry standard - when fails; puts excessively paid employees to compete in the same standarised job market. If you live in th…

I don't understand, how would having a higher pay disqualify you for a position? Has this happened to you?

Re: Paying top employees the highest salaries in the market

#195

Post by jnordwick » Mon, Sep 25, 2017, 9:38 PM UTC

fergie wrote: post #164

talmand wrote: post #153

Earlier quoted context omitted.

But at least you had the option to temporarily relocate yourself to a more social area. Then you could move back when you needed focus.

I actually didn't, there was no team.

Not with that attitude.

Re: Paying top employees the highest salaries in the market

#196

Post by therealdrag0 » Mon, Sep 25, 2017, 9:39 PM UTC

HeavenFox wrote: post #63

On the one hand, as an engineer, it feels good to be paid top salary. On the other hand, I feel kinda sad Toutiao is the company that's doing it. They have a pretty bad rep for stealing content without compensating the content owner, sometimes even without attribution. Heck, they have stolen my post before without me seeing a single dime of that two billion dollars…

Yeah that's disgusting.

Re: Paying top employees the highest salaries in the market

#197

Post by alexanderstears » Mon, Sep 25, 2017, 10:25 PM UTC

eli_gottlieb wrote: post #147

fiblye wrote: post #61

Earlier quoted context omitted.

Your first problem there is monetizing it. If nobody can pay for it, nobody is going to get together to make it.

Maybe we should get rid of capitalism, then. It's obviously not doing the job of allocating resources to beneficial goods or raising productivity.

It's important to separate society's tastes, preferences, and incentives with market-based resource allocation.

At the very least, corporations and capitalism give us a productive place to put sociopaths (the alternative is religion, healthcare, government, exile/six feet under). And more communal economic systems seem to work well until the anti-social types take over - North Korea was actually better off than South Korea for awhile after the war and the anti-social types always do take over.

Capitalism does a really good job of making it easier to do more with less. My phone is a weather station, a flash light, a calculator, a camera, a camcorder, etc. and it's cheaper than most Cameras were just 30 years ago. On the flip side, a lot of the materials that make my phone come out of conflict zones and I'm sure that my phone funded some warlord's attack helicopters and that's not great and it's unfortunate that the 'past of least resistance' involves such unsavory things but the solution rests with more capitalism - the warlord needs to demand a higher price or operate the mines and figure out how to build a phone and go legit.

Re: Paying top employees the highest salaries in the market

#198

Post by alexanderstears » Mon, Sep 25, 2017, 10:33 PM UTC

astura wrote: post #135

omphalos wrote: post #125

Earlier quoted context omitted.

Money isn't the only motivation someone can have. People write lots of open source code for free, for example.

A lot of open source work is professional paid work.

And good thing too but not all of it is - in fact, it's a sign of how well developers are treated that they can afford to volunteer their time and expertise for everyone: developers don't need to spend every second of every day on the grind for basic living.

Re: Paying top employees the highest salaries in the market

#199

Post by alexanderstears » Mon, Sep 25, 2017, 10:38 PM UTC

bendoernberg wrote: post #139

unityByFreedom wrote: post #90

Earlier quoted context omitted.

> There's a pretty strong correlation between outspending and winning elections. The losing side usually spent less. In aggregate, much more money is spent winning elections than losing them. A lot of money is wasted on lost elections. I did say "equal", but my point was a lot of advertising dollars fail. Barney Frank: "If the voters have a position, the votes will kick money's rear end any time. I've never met a pol…

How does this explain the Republican party's continued support for healthcare bills with sub-25% approval ratings? Also I don't see Barney Frank, Signature Bank board member and author of a piece titled "Yes, I Took Bank Money. And It Made Me a Better Regulator" as a disinterested commentator.

Among the Republicans I know, all Obamacare-lite bills are more popular than Obamacare.

And there's probably a belief that people will like the bills after it passes. Just as a lot of 'conservatives' eventually came out in favor of Obamacare (like McCain), I'm sure a lot of people would admit that they like Obamacare-lite more than Obamacare. Self-interested politicians might think that the bills would be more popular once some people saw their health care burdens drop. And I don't think they're wrong, the healthy people who make Obamacare possible stand to gain the most under the Republican healthcare proposals - the young, the wealthy, the healthy.

Half the country votes and half the country votes GOP, a 25% approval rating can translate to near-universal approval in a political faction.

Re: Paying top employees the highest salaries in the market

#200

Post by SwellJoe » Mon, Sep 25, 2017, 10:39 PM UTC

throwme211345 wrote: post #150

SwellJoe wrote: post #83

Earlier quoted context omitted.

I worked as a contractor for a while at a company that was pretty much entirely great developers, but they had one guy who had more experience than nearly everybody else put together (he was in his 50s, and had worked on all sorts of cool things in his career), who was also more productive than anyone else. The founders of the company knew he was their top producer, and so they gave him whatever he wanted (within the…

As an almost 50 year old who has worked on many cool things I'll weigh in. I get very tired of seeing the same mistakes in different guise. I don't get the youth culture of today and don't like it: including PC oriented culture and other media specific ideas designed to focus perception. I recognize patterns rather than specifics. I look at big picture and am careful about introducing paradigm shifts. I care about ef…

I'm older now myself (closer to 40 than 50, but well past "young"), and I don't think I meant what you think I meant.

"I don't get the youth culture of today and don't like it: including PC oriented culture and other media specific ideas designed to focus perception."

"PC oriented culture" just seems like expecting people to treat everyone with respect, and I think that's an improvement. Our industry hasn't always been good at that, but it has nothing to do with productivity. The old-timer I talked about wasn't racist, sexist, homophobic, or otherwise an asshole...he just liked to be able to close his office door and think really hard about things. He worked well with others; treating the women and brown folks in the office just like anyone else. Why would that be a source of contention?

And, I have no idea what "other media specific ideas designed to focus perception" could possibly mean. I know all the words, but they don't add up to anything, as far as I can tell.