Pretty sure the author will also get "poached" if a FAANG offers them 200k more than what they currently make.
Developer won’t get hit by a bus, they’ll get hired by Netflix
291–300 of 441 posts
Re: Developer won’t get hit by a bus, they’ll get hired by Netflix
#292Earlier quoted context omitted.
The correlary is that McDonalds could offer free burgers for a year, they have enough money to handle the cost. They could do it just so that other business cant stay affloat. This doesn't mean that the market price of a McDonalds burger is $0
I don't think Google is operating at a total loss when they pay a developers these salaries? Software is making Google (and many other tech companies) hundreds of billions per year in profit and people are complaining about a 6 figure salary being too high. If all I can afford to pay a developer is minimum wage, is he or she now obligated to work for me at my "market rate?" At what point does it go from not having en…
Alphabet’s revenue isn’t even multiple hundreds of billions (it was $161 billion last year). Their profit is “only” in the tens of billions range.
Re: Developer won’t get hit by a bus, they’ll get hired by Netflix
#293Earlier quoted context omitted.
If Google is willing to pay 200k above market rate to hire an employee from a competitor, chances are part of the "value" of that employee is that they will no longer be working for someone else. Yes, literally speaking, it's "worth it" to Google, or they wouldn't do it. Being so large, Google can throw advertising money on their self-driving car division, no problem. They can take a loss for 5-10 years, no problem.…
If Google is willing to pay $200k over your current employer for you, your employer is paying you $200k under your market rate.
This. You can't define a market rate as being lower then a bunch of other employers are willing to pay. Your market rate is what people will pay you. I see this all the time with saying FANG pays above market rate. Now if we're saying "average" market rate, sure there is an average market rate for a larger group of developers that they pay above, but then you need to do a good job of talking about what other companies are paying relative to average or median, not just say one is above market rate because it is above what many smaller companies will pay
Re: Developer won’t get hit by a bus, they’ll get hired by Netflix
#294Earlier quoted context omitted.
> I'm pretty sure they should not consider it, because it is generally illegal. It is really not. At least in America. In America, where laws are based on consumer benefit, it is extremely difficult to prosecute companies for having too awesome of a service, that they give away for too good of a price, in a way that helps consumers too much. It really just isn't something that gets prosecuted, except in absolutely ex…
Leaving aside any skirting of regulations also involved, is the government going to prosecute Uber or Lyft because they're losing boatloads of money and therefore obviously priced too low?
This is a great example, actually. Because Uber is no stranger to being prosecuted by the government. That happened a bunch of times, when they were operating as a taxi company, without following taxi laws (before they got those laws changed, of course, lol).
But of all the things that Uber has gotten in trouble with, do you know what they have not been prosecuted for? They have not been prosecuted for selling taxi services for too low of a price to consumers.
Breaking taxi laws = yep prosecuted
But price dumping = nope, not in trouble for that.
Re: Developer won’t get hit by a bus, they’ll get hired by Netflix
#295> never underestimate the amount of money the FAANGs have to poach your talent. I really wish we'd stop using the word "poach". It's a loaded word with negative connotations, but what it really means here is "offer someone a better situation than you offered them". Employees have agency, they aren't wild elephants who need your "protection" from "predators" who just want to pay them more.
What are your thoughts on the language to use when a nation-state backed ‘company’ hires away a critical mass of people at many multiples of the market rate as a means to gain market dominance. (e.g. China recently hired away a few thousand engineers from TSMC this way)
That's fine on the surface.. Would you go work for such a state? I value my time and freedom more. If things go wrong I won't get paid, passport may be taken, perhaps jailed.
Re: Developer won’t get hit by a bus, they’ll get hired by Netflix
#296Are $500k+ yearly salaries in SV really that usual?
> Are $500k+ yearly salaries in SV really that usual? Salaries? Not at all. Total compensation? Well, it depends. Software engineers with * Salary * Bonus (anywhere between 15-25% of salary) * Initial grant that vests over 3-4yrs * Stock "refreshers" that you get annually * General equity appreciation due to a bull market For senior engineers, the equity portion of their compensation far outweighs their salary.
I guess that when the market will finally correct because of all the mess that we are having in 2020 their salary may get quite a downturn if they are including the increasing values of the stock market as part of their compensation..
Re: Developer won’t get hit by a bus, they’ll get hired by Netflix
#297Earlier quoted context omitted.
Approximately 10 years ago, I was really unhappy with my work situation and was checking job postings. I found one that sounded right up my alley and I reached out to the agency that posted it. They told me that because I was working for another one of their clients, they wouldn't submit me for the job because they felt it was unethical. I responded that I wasn't owned by my employer and just as they were free to let…
I have an even worse expirience. I was a SWE for a large corp for a while, and after that transitioned to a role of manager. As I was very eager to build a good team, and the company HR looked slow and unefficient I tried doing recruting myself, at least the part of meeting people and talking them into come to work for us. What I could decide (up to a point) the salary and benefits but people had to go thru testing w…
If these are US company on US territory naked no-poach agreements in place, they are black letter law flatly illegal [1]. "No-poach agreements are naked if they are not reasonably necessary to any separate, legitimate business collaboration between the employers."
I would be extremely surprised if these are wet-ink-signed naked no-poach agreements.
[1] https://www.justice.gov/atr/division-operations/division-upd...
Re: Developer won’t get hit by a bus, they’ll get hired by Netflix
#298> never underestimate the amount of money the FAANGs have to poach your talent. I really wish we'd stop using the word "poach". It's a loaded word with negative connotations, but what it really means here is "offer someone a better situation than you offered them". Employees have agency, they aren't wild elephants who need your "protection" from "predators" who just want to pay them more.
The thing that hits me is the "$500k+/year in the valley". Is this really a thing? Am I a giant dumbass for staying in Colorado? Even factoring in my stock grants, I'm nowhere close to that number.
It’s like going to hollywood hoping to be an actor.
It makes sense to pay a few that much so that you can have riches of people to choose from (and exploit?)
Re: Developer won’t get hit by a bus, they’ll get hired by Netflix
#299> never underestimate the amount of money the FAANGs have to poach your talent. I really wish we'd stop using the word "poach". It's a loaded word with negative connotations, but what it really means here is "offer someone a better situation than you offered them". Employees have agency, they aren't wild elephants who need your "protection" from "predators" who just want to pay them more.
I think it’s poaching from the perspective of the employer not the employee. The employer wants to keep its prized employees from getting poached by other ruthless employers.
Then pay them more and give them a better situation. So many employers don't give existing employees the right pay increases to keep them from making more by jumping to another company. That's on the employer
Re: Developer won’t get hit by a bus, they’ll get hired by Netflix
#300Earlier quoted context omitted.
> I really wish we'd stop using the word "poach". It's intentional language used by employers because it has preconceived notions and they succinctly communicate a story that benefits the employer. When you hear poached, you think illegal and victims. It makes you think that the employer has been wronged in some way and that the employee was both participatory in something illegal or at least underhanded and at the s…
> The reality is that the employee was being taken advantage of by the employer and received an offer more closely aligned with their actual value. In the vast majority of cases, I agree. If someone is working at CompuTech for $100K per year, and gets an offer from TechuComp for $110K per year, that's market forces working in favor of the developer. This is a good thing. But there is the possibility for entities the…
> to ignore market forces entirely in order to better position themselves
> just to prevent competitors from having access to them
They don't ignore the market, they use their resources earned from participating in that market to keep and/or improve their current market positioning. Which is exactly what their shareholders want, and is fair game until treated as a monopolist.