51–60 of 114 posts
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I think people wrong associate high pay with bad WLB at top paying tech companies
I’ve wondered about this myself - might you have any more information or be able to point me/us to any particularly good data sources?
You simply have to experience or hear second hand.
Or just go to teamblind.com and ask people's experiences
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I mean, I'll be honest, I make around 50k in a non tech job in a low cost of living area.i really don't want for anything. Maybe I just don't like really expensive toys, but anything I want, I buy. I go on nice vacations in country, plenty of wilderness around me. I don't have to look at receipts or bills before paying them and I never think about my bank account. I'm really totally unsure what making 500k instead wo…
Financial Independence is a big thing. (Not just retire) Do you have kids? Have you thought about generational wealth? These are the things that are in people's minds. If you want to understand more visit subreddits like /r/FIRE or /r/bogelheads or /r/personalfinance?
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We think of data points on our platform as snapshots of salaries in time. Currently, we ask for the last reported year of compensation which would include stock appreciation. You can distinguish this on our compensation page by filtering the "Years at Company" field: https://levels.fyi/comp.html?showFilters When the Years at Company field is 0 it is a new offer.
The problem is that right on your front page I see that the estimated annual comp for a G6 engineer at Google is expected to be $226,673 salary/$212,061 stock/$50,939 bonus. The stock portion, however, includes both brand new offers and those which have benefited from many years of appreciation, making the number effectively meaningless. Even after digging in, there is no way on the site to restrict it to only new of…
Earlier quoted context omitted.
We think of data points on our platform as snapshots of salaries in time. Currently, we ask for the last reported year of compensation which would include stock appreciation. You can distinguish this on our compensation page by filtering the "Years at Company" field: https://levels.fyi/comp.html?showFilters When the Years at Company field is 0 it is a new offer.
The problem is that right on your front page I see that the estimated annual comp for a G6 engineer at Google is expected to be $226,673 salary/$212,061 stock/$50,939 bonus. The stock portion, however, includes both brand new offers and those which have benefited from many years of appreciation, making the number effectively meaningless. Even after digging in, there is no way on the site to restrict it to only new of…
Earlier quoted context omitted.
We think of data points on our platform as snapshots of salaries in time. Currently, we ask for the last reported year of compensation which would include stock appreciation. You can distinguish this on our compensation page by filtering the "Years at Company" field: https://levels.fyi/comp.html?showFilters When the Years at Company field is 0 it is a new offer.
The problem is that right on your front page I see that the estimated annual comp for a G6 engineer at Google is expected to be $226,673 salary/$212,061 stock/$50,939 bonus. The stock portion, however, includes both brand new offers and those which have benefited from many years of appreciation, making the number effectively meaningless. Even after digging in, there is no way on the site to restrict it to only new of…
But we do have several other pages where you can dig deeper and filter into specific data points, for example for Google L6 new offers in the last year: https://www.levels.fyi/comp.html?track=Software%20Engineer&s...
Also another page with a better salary range chart to show some of the distribution: https://www.levels.fyi/company/Google/salaries/Software-Engi...
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Yes many of the top tech companies are now hiring across Europe (and in fact have been). Ex. https://eng.lyft.com/introducing-lyft-engineering-kyiv-2884d... Salaries are definitely adjusted. To get a feel for salaries: - https://www.levels.fyi/Salaries/Software-Engineer/Netherland... - https://www.levels.fyi/Salaries/Software-Engineer/Ukraine/ - https://www.levels.fyi/Salaries/Software-Engineer/London/
But isn't it like that e.g EU branch of $FAANG company does less cool stuff? e.g Google EU does CRUDs and maintains GCP meanwhile cool stuff is being done in MV?
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Correct, this what I understand. Before the remote workplace, they were just too comfy in their location to think about locating to the limited tech cities where these salaries are being paid
I mean, I'll be honest, I make around 50k in a non tech job in a low cost of living area.i really don't want for anything. Maybe I just don't like really expensive toys, but anything I want, I buy. I go on nice vacations in country, plenty of wilderness around me. I don't have to look at receipts or bills before paying them and I never think about my bank account. I'm really totally unsure what making 500k instead wo…
Why is stock such a big portion of compensation for the big tech companies?
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I think people wrong associate high pay with bad WLB at top paying tech companies
I’ve wondered about this myself - might you have any more information or be able to point me/us to any particularly good data sources?
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Yup the higher you go in level, the larger your stock compensation is to tie you to company growth and align incentives. A company that's the exception to this is Netflix: https://www.levels.fyi/company/Netflix/salaries/Software-Eng... They have one level and pay all cash with an option to convert some of it to equity.
I thought Netflix let you pick the exact split between cash and equity no? For example, for a 500k salary you could say, I want 200k cash, and 300k in stock
Levels is showing that the average senior engineer at Netflix is only getting $11k stock though. If employees were allowed to choose what percentage stock they wanted, I'd expect most employees to choose a larger percentage than that.
Stock is likely to grow in value over the course of the year while cash is almost guaranteed to lose value due to inflation. You'd have to be pretty pessimistic about Netflix's future to choose the all-cash option. And even if you're only neutral about it, the stock is the better choice because it's inflation protected.
If I were a Netflix employee, I'd probably choose $200k cash, $300k stock. The fact that levels is reporting such wildly different numbers tells me employees don't actually have that level of freedom to control their comp.