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Make Stronger Offers to Engineering Candidates and Boost Your Closes

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Re: Make Stronger Offers to Engineering Candidates and Boost Your Closes

#151
You can boost a potential candidate's compensation by 1 to 2 million dollars, just by choosing a suitable location outside the bay area! At no cost to yourself!

This should become an increasingly hot strategy, as all those young engineers at google and facebook begin to age and start thinking about having families.

Then again, if all you want is young interns that'll work for free, keep hiring in SF.

Re: Make Stronger Offers to Engineering Candidates and Boost Your Closes

#152

How about not putting your new company in Palo Alto, Mountain View, Menlo Park or Santa Clara. Nobody can live there, it's impossible to drive/transit there from anywhere, and they're just plain miserable places with cheaply constructed office buildings. So tired of seeing this.

I agree. But companies will never learn this lesson as long as they can still hire there easily.

Re: Make Stronger Offers to Engineering Candidates and Boost Your Closes

#153

Earlier quoted context omitted.

People do stuff like offer lowball offers that aren't livable. Back in 2000, I got exposed to this out of school-- VP of whatever offers me $27k (with a salary review in 6 months) to be a DBA. "I got up and said 'thanks'". He followed me out to the parking lot and doubled the offer. At the end of the day, money matters, and all of the bullshit about "other factors" are just brought into the mix because fringe benefit…

>People do stuff like offer lowball offers that aren't livable. Which is not disputed by anyone in this thread. Why do we keep bringing it up? >At the end of the day, money matters, and all of the bullshit about "other factors" are just brought into the mix because fringe benefits are cheaper than cash. For me, a good working environment is the ante. If you're an asshole, you don't make the cut. The rest is all about…

Think about procurement. Even a pure commodity has to meet minimum standards.

If you’re buying eggs at the supermarket, they need to be of uniform size and not be spoiled, for example. Other than that, they’re a pure commodity.

Re: Make Stronger Offers to Engineering Candidates and Boost Your Closes

#154

Earlier quoted context omitted.

>The people who are making claims that money is not the only mandatory thing and everything else is optional nice to have thing(s) tend to weasel out of the lets solve for money being zero ( or minimum wage ). Except it wasn't his claim. The claim is pretty well known: Below a certain threshold, money is the most important thing. Above it, it is not. This is very different from the extreme pacifist mindset. The equiv…

> The claim is pretty well known: Below a certain threshold, money is the most important thing. Above it, it is not. This is very different from the extreme pacifist mindset. The equivalent would be: "There are certain circumstances where it is important to kill another. Outside of those circumstances, it should not be the primary means." The claim is horse manure which is why it includes no numbers for the threshold…

> The claim is horse manure which is why it includes no numbers for the threshold.

There's no absolute threshold. It's relative. I recently left one job for another that paid less than half as much. Things is, both were well into six figures, so the difference doesn't mean much to me.

Still, if the old job had paid into seven figures instead of "just" six, I wouldn't have left. It was a boring, easy job, but not intolerable. At seven figures, I would've ridden that horse into the ground.

Re: Make Stronger Offers to Engineering Candidates and Boost Your Closes

#155

Earlier quoted context omitted.

Nah. I gave up on the money grub once I had enough. Then I had a life. A limit to how much you want to spend on hobbies. Only so many restaurant meals I can eat. Only so much time in the day, and so much more to do with it than, all that horror show.

> once I had enough It's easy to find other things to prioritize when you have F-U money in the bank.

Doesn't take nearly that much. Just keep working, but stop obsessing over it. Contract instead of full-time is how I did it.

Re: Make Stronger Offers to Engineering Candidates and Boost Your Closes

#156

Earlier quoted context omitted.

Money is important, but I'm going to stop you right there. #1 is solved by more money. Want me to work in a team that mocks my work? $100k extra will do it #2 is solved by more money. Want me to work with dirtbags? $100k #3 is solved by more money. Want me to wear a "super junior nobody" title? As long as you're up front about it, $100k. #4 is solved by money. My overtime rate is 2x normal rate You know why? Money bu…

> If you think that more money doesn't motivate you, either you've never been paid enough Or you have; there's significant evidence that behind a certain level, additional income doesn't actually provide additional improvement in most measures of satisfaction and subjective quality of life (IIRC, some studied in the 1990s showed this on average at somewhere around $250,000 in then-current dollars in the US.) Once you…

I would admit that there is probably some amount after which more money would not necessarily increase my motivation, but for me that figure is going to be pretty large. Probably 20X more than I make today, so I'm in no danger of suddenly finding myself unmotivated.

Re: Make Stronger Offers to Engineering Candidates and Boost Your Closes

#157
post #34

Earlier quoted context omitted.

I heard this argument thrown by a manager at an annual review: "We're paying you what you are worth to us, not what the market pays", to which I promptly replied: "Following your logic, can I step in a Ferrari dealership and pay only 1000$ for a nice car, because that's what it's worth to me?"

You should take it as a compliment. Your manager is saying that your company cannot afford an engineer of your level.

My manager was a good guy, but a sub-mediocre performer and a bit spineless and he REALLY wanted to be a manager.

Just before the annual review they had him trained how to handle it, and I'm pretty sure he was just regurgitating bullshit fed to him during his training.

I later found out he asked a mother of two why is she so fixated on earning more money. Pretty lame gimmicks -- just say to your employees "Hey, your performance was ok but nothing special, I have this budget and for an ok performance the firm only gives you 3% salary increase this year".

Re: Make Stronger Offers to Engineering Candidates and Boost Your Closes

#158

Earlier quoted context omitted.

What is the dollar value for which you are willing to sell the prime of your life? If someone offered you $500,000 over the course of three years to give up your mid- or late-twenties, would you take it?

Hell yes. Most people give up the primes of their lives slaving for far less lucre.

Been there, done that (to myself). Didn't even get a t-shirt.

Re: Make Stronger Offers to Engineering Candidates and Boost Your Closes

#159
post #8

So. Much. B.S. There is only one thing that people who have not been dropped on a head interested in. It is called money . Money buys them stuff. Money lets them have a nice roof over their head. Money lets their family not worry about a slum in the economy. Everything else is secondary. Here's a magic formula: MaxMoney(Min(work)) 402 "PAY_ME_MORE_MONEY" P.S. That's why it is called a job and not hobby or volunteerin…

Money is important, but past a certain point (when you are able to live comfortably and are no longer feeling stressed about your personal/family finances), other factors come into play. Off the top of my head: 1) Respect. By that I mean professional respect - I want to feel that my contributions are valued and that people recognize my talents :) 2) Team. Working with dirtbags is miserable no matter how much you get…

I agree that those are important, but money is a HUGE indicator/proxy of how much a company respects you, your talents and your contributions.

I've quit a higher paying position because of bad leadership and no growth opportunities, but I dug myself into that hole, and I'm absolutely looking forward to a raise (and I'm not yet at the point where I'm not stressed about finances).

Re: Make Stronger Offers to Engineering Candidates and Boost Your Closes

#160
post #8

Earlier quoted context omitted.

Money is important, but past a certain point (when you are able to live comfortably and are no longer feeling stressed about your personal/family finances), other factors come into play. Off the top of my head: 1) Respect. By that I mean professional respect - I want to feel that my contributions are valued and that people recognize my talents :) 2) Team. Working with dirtbags is miserable no matter how much you get…

> Money is important, but past a certain point (when you are able to live comfortably and are no longer feeling stressed about your personal/family finances) My problem is with that statement. I know this is a very common belief, but has anyone actually hit that point? I have gone through several cycles over the past 10 years, where I thought 20% more money would get me there. At each point, what was required to be c…

The good old Hedonic Treadmill ("as a person makes more money, expectations and desires rise in tandem"). I do agree with you, but is private school strictly necessary? (not judging - in your position, I'd want to send them too btw).

https://en.wikipedia.org/wiki/Hedonic_treadmill

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