Earlier quoted context omitted.
Its same in Indian IT. When I joined Infosys straight out of university, my salary was approx `$350` per month. They told client, I have 2 years of experience as Informatica developer and charged $50 per hour. Before joining the project, I had never seen the Informatica tool.
This explains a lot of my experience with our offshore engineers. Glad to see I’m not crazy.
CEO behind Japan’s best-performing stock says his secret is raising salaries
151–160 of 266 posts
Re: CEO behind Japan’s best-performing stock says his secret is raising salaries
#152Some context on the japanese job market from what I've seen: - The entire japanese job market's wages are depressed[0] - In 2019, pressure had to come from the PM (not the local unions) to raise the minimum wage to 1000 yen/hour (~$9/hour)[1] - Engineers are underpaid here, possibly more so than the EU in relation to the US. This is amplified for japanese companies (whether "black"[1] or not) - With nationalized heal…
The BOJ is very inactive. Yes, the numbers are big but that money hasn't entered the economy.
Re: CEO behind Japan’s best-performing stock says his secret is raising salaries
#153Earlier quoted context omitted.
This is very interesting. So a person can raise a larger family on an engineer’s salary and be happy in Japan? An American expat.
One thing I have been wondering about from the outside is if part of what keeps Japanese lifestyle's relatively cheap is that the population is so homogenous (& seemingly law-abiding) that there doesn't appear to be the same emphasis on living in a "good area" as in other countries for personal security reasons. I wonder if this acts as a somewhat hidden subsidy to life whereas for people in many Western countries it…
Hidden subsidy? It's not a subsidy. Americans self impose an additional burden on themselves. They want their homes to be expensive because they don't want undesirable people to live near them.
Re: CEO behind Japan’s best-performing stock says his secret is raising salaries
#154While establishing a "cause & effect" here seems very hard, from my personal experience working in software field in Japan, I think the winning concept here is actually the combination of removing middleman and paying good salaries. Japan is very very behind in IT/digitalization compared to most western countries. This doesn't just mean it's behind in product portfolio and quality, but that perception of software eng…
> Japan is very very behind in IT/digitalization compared to most western countries. This doesn't just mean it's behind in product portfolio and quality, but that perception of software engineer & managers and still quite behind. Have you used anything digital in Japan? I find the interfaces to be fast, user friendly, and energy dense. Far better quality than what most of the western software people put out. You migh…
Re: CEO behind Japan’s best-performing stock says his secret is raising salaries
#155Earlier quoted context omitted.
This is backwards, the high cost of living in the bay area is a result of the high salaries (and the barriers to expanding the housing supply).
It's not really backwards, it's a cycle that reinforces itself. House expensive -> salaries jump -> people have more money to pay for house -> house becomes more expensive. This is like arguing about the chicken or the egg. More housing supply would help to a point but it would take an order of magnitude change to make a dent in the current self-reinforcing cycle, and probably would need that level of increased produ…
The maximum possible salary doesn't change because of more expensive housing, only your ability to negotiate for a salary rise does. Therefore expensive housing will let you get the maximum possible salary at most.
There is a self reinforcing cycle but it has nothing to do with housing. You're saying that expensive housing is the only factor in salaries which is completely wrong.
The self reinforcing cycle is that developer salaries rise in Silicon Valley, people start moving there, which kicks out existing residents. You can enact rent control and rent prices will stay the same but you still end up kicking people out because nobody is building anything. The reason why it is self reinforcing is that developers living in close proximity results in agglomeration effects, each additional developer makes every other developer more productive.
Re: CEO behind Japan’s best-performing stock says his secret is raising salaries
#156> Tange, 46, says his business model is an attempt to remove inefficiencies in Japan’s software industry, where layers of subcontractors take cuts on orders before passing the work to another company below. This reminds me of a role I once had back in the late nighties. I was hired on contract by a multi-national consultancy firm to help out on one of their projects. The need someone to come in with good C programmin…
Want to say that this model is still alive and well in Japan (like anywhere else obviously), and these days it looks like charging $10k/month (a lot to companies here for a single developer) for $2-5k/month developers in APAC or eastern Europe, with the guarantee that the project will be looked after based on the sensibilities of someone local/from the US (this person is usually the face of the business or extremely…
Hiring in IT does have a lot of room for taking cuts. Most Japanese companies (even large ones - or rather, especially large ones) are very bad in doing their own recruiting, so they have to pay a lot of upfront fees to headhunters for every direct employee hired. This is another reason why hiring consulting staff can seem cheap on the short term.
Re: CEO behind Japan’s best-performing stock says his secret is raising salaries
#157Some context on the japanese job market from what I've seen: - The entire japanese job market's wages are depressed[0] - In 2019, pressure had to come from the PM (not the local unions) to raise the minimum wage to 1000 yen/hour (~$9/hour)[1] - Engineers are underpaid here, possibly more so than the EU in relation to the US. This is amplified for japanese companies (whether "black"[1] or not) - With nationalized heal…
You are off by an order of magnitude, 1 million yen is ~9k USD. That's a ridiculously low salary here, fine for a college kid with a part time job ("arubaito") at your local konbini, but not much else. Maybe you got confused because China, Japan and Korea group numbers by powers of 10 000 ("man")? Now a 1000-man (10 million yen, around 90k USD or 75k EUR) salary would be amazing, the average Japanese salary is 3 mill…
Is the japanese word for a part-time job really the german word 'Arbeit'? Amusing.
Re: CEO behind Japan’s best-performing stock says his secret is raising salaries
#158You can find more and contact us if interested https://topics.shiftinc.jp/recruit-daae/
Re: CEO behind Japan’s best-performing stock says his secret is raising salaries
#159> Tange, 46, says his business model is an attempt to remove inefficiencies in Japan’s software industry, where layers of subcontractors take cuts on orders before passing the work to another company below. This reminds me of a role I once had back in the late nighties. I was hired on contract by a multi-national consultancy firm to help out on one of their projects. The need someone to come in with good C programmin…
This is still alive and well in eastern Europe - I worked for such companies. They would go a step further and lie that: -They can quickly expand that team of three mid-level developers to eleven, adding mostly seniors. -A team of junior to mid developers is comprised of seniors. -The team is working at FTE on this project and has no other responsibilities. Currently stakeholders often have to resort to requesting th…
Can't the agency provide made up nice looking CV:s?
> client is billed $100+/h
That's interesting, then seems it's not much different from hiring a local person (in western Europe).
> A team of junior to mid developers is comprised of seniors
I suppose the clients usually won't notice? They're often non technical (or at least the managers there?) and don't know what to expect? (If the clients had enough technical in house people, they could do their own recruiting instead, didn't need agencies? Or how does it work)
Re: CEO behind Japan’s best-performing stock says his secret is raising salaries
#160Earlier quoted context omitted.
Could you elaborate?
I am not OP but I have noticed in several European countries that many companies see software engineering (and IT in general) as a "necessary evil". Even in SMEs selling automation solutions, the perception is that the "real" work is done by the mechanical/electrical engineers and the marketing department, while the software engineers are just...support people, aren't they? And everybody has learned a little bit of p…