Google Makes Massive Counteroffers To Retain Employees • Hacker News Board

Re: Google Makes Massive Counteroffers To Retain Employees

#61

Post by dotBen » Thu, Apr 07, 2011, 5:52 AM UTC

mayukh wrote: post #43

ig1 wrote: post #19

Earlier quoted context omitted.

I'm wondering if they failed to check the date on the email of their tip-off. Extraordinary claims require extraordinary evidence. I might be mistaken but I believe Sundar Pichai isn't an american national, in which case he'll be working on a visa. And in the US work visas require a public declaration of salary (the published data has the names stripped but frankly at a $50m salary I imagine he'd be easy to spot). So…

He seems to have been here (in the US) long enough to be either a permanent resident or naturalized Citizen. So that wouldn't apply, unless someone knows otherwise for sure. Wrt Visa rules, I know you have to disclose salary information to the INS when applying for a work permit, don't think that's publicly available though.

You seem a little confused.

Its not so much that you have to disclose the salary - you have to prove that you advertised the job publicly and within the company, and that you included the salary. You also have to prove that the salary is at least market rate and that no one else who has applied can perform the work.

(It's a pretty thick amount of paperwork to prove the requirements)

Also, the INS hasn't existed since 2003.

Re: Google Makes Massive Counteroffers To Retain Employees

#62

Post by ig1 » Thu, Apr 07, 2011, 9:25 AM UTC

jonburs wrote: post #59

groby_b wrote: post #55

Earlier quoted context omitted.

As far as I know, salaries are included in H1B visa database. Ah, here's the article where somebody mined it for game developer salary: http://realtimecollisiondetection.net/blog/?p=107

A company hiring H1-B workers must show that they're paying average+ wages for the position [1]. They need not disclose actual salaries paid to individuals, nor are they precluded from paying above market rate. 1. http://en.wikipedia.org/wiki/H1b Employers must attest that wages offered are at least equal to the actual wage paid by the employer to other workers with similar experience and qualifications for the job i…

Looking at the H1B dataset it includes two fields "proposed wage rate" (what the company proposes to pay the candidate) and a "prevailing wage rate" (the market rate).

I believe companies are also required to disclose to this information to other employees on request (to provide a check that H1Bs aren't being used to replace employees with lower salary staff)

Re: Google Makes Massive Counteroffers To Retain Employees

#63

Post by tonystubblebine » Thu, Apr 07, 2011, 2:48 PM UTC

hyperbovine wrote: post #36

tonystubblebine wrote: post #31

Earlier quoted context omitted.

If that's what we're worth in economic terms then that's what we should be paid. I'm all for rumors like this because I want to be paid for value. Should Lebron James work for free because he's playing a friggin' game for a living or should he be getting hundreds of millions of dollars because that's just a fraction of the revenue he generates?

The analogy is flawed. I'm not a basketball fan, but it sounds like James is the best living basketball player. No one else can do his job. You're claiming the same is true of a couple of mid-level product managers at Google? I don't buy it.

I was just talking about economic impact.

Re: Google Makes Massive Counteroffers To Retain Employees

#64

Post by grellas » Thu, Apr 07, 2011, 5:18 PM UTC

nl wrote: post #57

grellas wrote: post #50

Multiple sources close to Twitter have said that someone with access to Twitter’s most confidential information, such as who they are interviewing for key executive spots, may be leaking that information directly to Google. This sounds dubious to me. It is not only unethical for a senior Twitter employee to be leaking such information but it is plainly illegal . An employee owes a fiduciary duty to his employer to pe…

Whenever a company incurs a material event, it must be publicly reported in fairly short order in SEC filings. A $150 million outlay? That would seem material even for Google. No it's not - employee compensation is an ongoing expense. You don't see Goldman Sachs doing disclosure everytime someone gets a bonus! Anyway, Google discloses stock grants every quarter. Stock-Based Compensation (SBC) – In the fourth quarter…

OK, point well taken. Thanks for the correction.

Re: Google Makes Massive Counteroffers To Retain Employees

#65

Post by groby_b » Fri, Apr 08, 2011, 4:18 PM UTC

jonburs wrote: post #59

groby_b wrote: post #55

Earlier quoted context omitted.

As far as I know, salaries are included in H1B visa database. Ah, here's the article where somebody mined it for game developer salary: http://realtimecollisiondetection.net/blog/?p=107

A company hiring H1-B workers must show that they're paying average+ wages for the position [1]. They need not disclose actual salaries paid to individuals, nor are they precluded from paying above market rate. 1. http://en.wikipedia.org/wiki/H1b Employers must attest that wages offered are at least equal to the actual wage paid by the employer to other workers with similar experience and qualifications for the job i…

Since the real data (link above) disagrees with wikipedia, I prefer to believe the real data :)