Because they get paid a lot!!
Netflix Employees Are Happier with Their Job Than Facebook or Google Employees
141–150 of 202 posts
Re: Netflix Employees Are Happier with Their Job Than Facebook or Google Employees
#142Earlier quoted context omitted.
You need to make sure you're comparing apples to apples here. Netflix has high salaries but doesn't (for normal employees anyway) give equity. The other big tech companies do. And equity can be a significant part of your total compensation especially given tech stock performance. I think there's no bonus either but I'm not certain of that part. Note that some will consider paying straight salary an advantage. It's ce…
Equity has so many complications. I would take a solid salary over a not great salary any day. Maybe you miss out on a million dollar payday when the stocks perform well, but at $300,000/year salary, you're not far from it anyway, and at least that's a guarantee.
And with any public company you can still invest part of the salary in your employers stock if you want to participate in that $1m chance (not that I would recommend it though).
Re: Netflix Employees Are Happier with Their Job Than Facebook or Google Employees
#143Earlier quoted context omitted.
You need to make sure you're comparing apples to apples here. Netflix has high salaries but doesn't (for normal employees anyway) give equity. The other big tech companies do. And equity can be a significant part of your total compensation especially given tech stock performance. I think there's no bonus either but I'm not certain of that part. Note that some will consider paying straight salary an advantage. It's ce…
Equity has so many complications. I would take a solid salary over a not great salary any day. Maybe you miss out on a million dollar payday when the stocks perform well, but at $300,000/year salary, you're not far from it anyway, and at least that's a guarantee.
You're describing the equity situation at startups. Big tech has fairly stable stock prices, so stock performance means the difference between taking home 400k or 600k total tops. 400k us still more than 300k. On the flip side, this also means no million dollar payday from regular salary+equity.
Re: Netflix Employees Are Happier with Their Job Than Facebook or Google Employees
#144Earlier quoted context omitted.
That sequence of 0s and 1s cost money to make.
But it's free to distribute. So instead of charging customers for distribution, they should be charging customers the up-front cost of production.
I'm not against this, but it goes against the grain of a capitalist economy as it does not maximize overall profits. For this concept to work at scale, we might need to rejigger the whole economy.
Re: Netflix Employees Are Happier with Their Job Than Facebook or Google Employees
#145Earlier quoted context omitted.
But it's free to distribute. So instead of charging customers for distribution, they should be charging customers the up-front cost of production.
I'm not against this, but it goes against the grain of a capitalist economy as it does not maximize overall profits. For this concept to work at scale, we might need to rejigger the whole economy.
It goes against the concept of commercialized art I'd say. Which is probably a good thing.
Re: Netflix Employees Are Happier with Their Job Than Facebook or Google Employees
#146That Glassdoor reference on Netflix software engineer salaries is wrong/outdated from my understanding - I don’t know a single Netflixer making less than $300k. Netflix seems to have an unusually open culture in general, including topics such as salary - they put their money where their mouth is and basically egg everyone on to beat them. Gotta respect that a company is willing to do that (I don’t work for them, but…
You need to make sure you're comparing apples to apples here. Netflix has high salaries but doesn't (for normal employees anyway) give equity. The other big tech companies do. And equity can be a significant part of your total compensation especially given tech stock performance. I think there's no bonus either but I'm not certain of that part. Note that some will consider paying straight salary an advantage. It's ce…
Cash has more utility and less risk than owning a large quantity of a tech stock. So I'd want to make significantly more than $300k if a big portion of that is equity. Are the other big tech companies now paying >> $300k in total compensation to the average employee?
According to Paysa's self-reported survey data (which, for all I know, is hogwash):
Netflix, senior software engineer, $323k ($323k cash)
Google, senior software engineer, $340k ($220k cash)
Facebook, software engineer, $317k ($190k cash)
Google, software engineer, $281k ($180k cash)
Re: Netflix Employees Are Happier with Their Job Than Facebook or Google Employees
#147among my friends/acquaintances Netflix has higher or comparable totals (much north of $400K) with significantly, like on the order of 2x, higher base than FB/Google - makes for much happier existence :)
Re: Netflix Employees Are Happier with Their Job Than Facebook or Google Employees
#148The graph for compensation/leaving is more revealing if you right align the red bars: https://i.imgur.com/WeJD8na.png note how with Lyft, Uber and Apple there's no overlap between the percentage that feel compensated fairly and the percentage that would leave (yes I realise the two aren't orthogonal, but it's still indicative). Edit: and linkedIn only overlap slightly. Looking at it another way: https://i.imgur.com/v…
I'd be curious to see how the data changes if the question is changed to "Do you think you are compensated enough". I personally know people who think they make too much, and may actually answer "No" to the question "Do you think you are compensated fairly?"
Re: Netflix Employees Are Happier with Their Job Than Facebook or Google Employees
#149Earlier quoted context omitted.
As someone that works for a company with a moderately similar business model as netflix, I can almost guarantee that Netflix is not imposing this DRM by their own volition. It is highly likely that the owners of the rights to their content force the DRM as a condition of allowing their content to be used.
> I can almost guarantee that Netflix is not imposing this DRM by their own volition. Where can we get their own films and shows DRM-free?
How much are you willing to pay for it?
Re: Netflix Employees Are Happier with Their Job Than Facebook or Google Employees
#150Earlier quoted context omitted.
Interesting. I have a few friends who have interviewed and talked with people there and it's always been described to me as a place that does cut the bottom performers every year. When you hiring only "rock stars" those bottom 10% may still be great. I'm glad to hear that may not be true as it's always put me off from attempting to work there.
Do you trust a random commenter on HN on the Internet than a few of your own friends? This is something I wonder about. I weigh the opinion of random reddit posts than people I know in real life. How did I get that way?
> Do you trust a random commenter on HN on the Internet than a few of your own friends?
No and yes? The problem is I didn't have any friends who worked directly for Netflix this is mostly what they had heard from others and what one supposedly asked about during his interview a few years back.
So yeah I trust them but they also got their information second hand which, when compared to "stranger on the internet claiming to be working at Netflix" I don't see a huge difference in.