Silicon Valley stays on top as tech salaries climb across U.S.
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Silicon Valley stays on top as tech salaries climb across U.S.
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Re: Silicon Valley stays on top as tech salaries climb across U.S.
#2interesting how different this is from the salaries at large companies on levels.fyi. annoyingly, the dice URL is broken currently, so I can't verify the underlying dataset.
Re: Silicon Valley stays on top as tech salaries climb across U.S.
#3interesting how different this is from the salaries at large companies on levels.fyi. annoyingly, the dice URL is broken currently, so I can't verify the underlying dataset.
yeah huge information asymmetry as people are used to looking up "salary" versus "total compensation"
these salaries are 1/3rd to 1/10th of what people actually make, and thats not a statistical outlier with the stock appreciation over the last few years
Re: Silicon Valley stays on top as tech salaries climb across U.S.
#4This Dice stuff is hard to believe. I have literally not made that much in base comp since 2014 (no matter what my visa application says). It's like way low.
Re: Silicon Valley stays on top as tech salaries climb across U.S.
#5IMO, it's not useful to look solely at salaries. My salary and my compensation are radically different numbers. My salary is approximately $200k/year, but my compensation is closer to $650k this year. Most of the engineers I know view their salary as only part of the picture.
I'm also a firm believer in sharing compensation numbers openly and transparently as a mechanism for increasing worker negotiating power. Talk with your peers about their wages, share your salary, post updated numbers to levels.fyi on the regular, etc.
Re: Silicon Valley stays on top as tech salaries climb across U.S.
#6I wonder how common it was for companies to not give out any raises due to economic changes from the pandemic. It depends I suppose on what the business is and what the impact is.
Our Fortune 50 company late last year announced no raises based on the annual review cycle because of "things", but did give out bonuses. Of course then we had record earnings announcements recently, so it's not clear what the "things" were.
Re: Silicon Valley stays on top as tech salaries climb across U.S.
#7This is so misleading. In silicon valley total compensation is touching 400k+/year on an average for experienced professionals. They should've at least consulted something like levels.fyi before publishing and looking dumb.
Re: Silicon Valley stays on top as tech salaries climb across U.S.
#8Technology done well is more valuable than ever. Companies not paying up for their developers are going down the tubes.
Re: Silicon Valley stays on top as tech salaries climb across U.S.
#9I wonder how common it was for companies to not give out any raises due to economic changes from the pandemic. It depends I suppose on what the business is and what the impact is. Our Fortune 50 company late last year announced no raises based on the annual review cycle because of "things", but did give out bonuses. Of course then we had record earnings announcements recently, so it's not clear what the "things" were…
Several companies I know seemed to lie and use Covid as a convenient excuse to not give out raises (or give shitty bonuses, etc) to save money in the short term. Meanwhile hiring and earnings don't match up to those actions.
Re: Silicon Valley stays on top as tech salaries climb across U.S.
#10This is so misleading. In silicon valley total compensation is touching 400k+/year on an average for experienced professionals. They should've at least consulted something like levels.fyi before publishing and looking dumb.
The average is probably lower than most people think, while the 80th and 90th percentiles is probably much greater.
Remember they also include the H1B body shops. To get an idea of what these places are playing you can look at the open data:
https://h1bdata.info/index.php?em=&job=Software+Engineer&cit...