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Salary Stream – Software Engineer Offers

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Re: Salary Stream – Software Engineer Offers

#61
post #56

I’m from Levels.fyi, this is the second issue of Salary Stream - A digest of verified salaries sent weekly. Let me know if you have any questions! You can subscribe at https://www.levels.fyi/verified/

Your site helped me get a really nice compensation package for my current employer. I recommend it to all my friends and colleagues. Thanks! :)

Awesome to hear! Why we do what we do :)

Re: Salary Stream – Software Engineer Offers

#62

I’m from Levels.fyi, this is the second issue of Salary Stream - A digest of verified salaries sent weekly. Let me know if you have any questions! You can subscribe at https://www.levels.fyi/verified/

Thanks! Wonder if one can subscribe to multiple jobs at the same time?

Yup, you can subscribe to different tracks with the same email, you’d just have to refresh the page and sign up again

Re: Salary Stream – Software Engineer Offers

#63
post #35
post #33

Earlier quoted context omitted.

It’s quite common for people to think they nailed a question when actually they did poorly, in the eyes of the interviewer. Even if you are getting the “correct solution”, the interviewer will usually have some followup discussion designed to make sure you really understand the solution well. Often this catches out people who practice so much they’ve seen the answer before. This is my guess for what’s happening, at l…

I walked out of an interview before thinking I nailed one of the big questions. I answered it so well and in such an orderly fashion they asked if I had seen it before, which I hadn't. I received feedback that they would pass and one reason is that I wouldn't admit that I had seen that question before. I guess I wasn't prepared for having my integrity (literally) questioned. No loss for me. It was really off putting…

I've found that people are suspicious for a couple of reasons:

1. They are bad actors and they expect other people to be also.

2. They've been burned by someone and now they are suspicious of anyone.

When confronted by a person who doesn't trust me, I ask about the 2nd situation i.e. have been burned by a past employee? If they have, I cut them some slack.

Re: Salary Stream – Software Engineer Offers

#64

The stock-based comp portion of these are moving around incredibly quickly right now. Probably changes the calculus in lots of cases.

FWIW, grants are usually targeted to a specific dollar value, though the stock movement between grant and vest does affect your results. (And if this significant dip is sustained, I would expect many companies to issue additional special grants to compensate.)

Re: Salary Stream – Software Engineer Offers

#65

Salaries are a bit misleading on this page. Let's take LYFT's example - on landing page - salary is $420k but on inside page - it's $396k. What's the vesting period on those stocks? I'm almost sure it's not 1 year. And, that salary is for the first year. They will not be giving you $200k worth of shares every year or do they?

Yes, every year. When your expenses are 7+ figures annually even small scale changes make a big difference. I work for another large company and we have a small change (~2 week effort and ~200 LoC) that is going to save the company $500k-$1M/year. So it's a no-brainer for well-run, high scale companies to pay competitively. And that's not even taking into account the rest of the year's worth of engineering time

The thing I find funny is I've worked at much smaller companies, worked way harder, made much less of an impact, and got paid much less (justifiably so - a scalar on a small number is still a small number). It's really just comes down to solving the right problems at the right scale

Re: Salary Stream – Software Engineer Offers

#66
post #13

Earlier quoted context omitted.

Per year. The number of shares are listed for each as well. As you can imagine, the dollar amount is changing rapidly with the market crash.

So, are the dollar amounts for stock we see on the website the literal amounts users entered at the time of grant or did they enter number of shares that are being translated to $ in real time?

The dollar amount is from time of grant, the total number of shares (when available) is to help you calibrate to current market

Re: Salary Stream – Software Engineer Offers

#68
post #60
post #18

Earlier quoted context omitted.

Usually they specify the stock part in dollars, it doesn't turn into a concrete number of shares until after you start.

Yes, that's my point. It'll be much more shares than normal, and presuming the share price recovers (which it may not) these people will be much more highly compensated.

Ah you're saying they might lower the offer assuming the stock will recover? Unlikely in the extreme I think.
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