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Employers bow to tech workers in hottest job market since the dot-com era

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Re: Employers bow to tech workers in hottest job market since the dot-com era

#131

Post by nemo44x »

throwawaysleep wrote: post #19
dbish wrote: post #4

Even if you think you’re well paid, now is the time to look around. I’ve had a lot of friends, mentees, and coworkers get huge bumps on total compensation even as relatively senior engineers and managers. Pay is jumping and companies aren’t doing a great job keeping that up for their people who have been around for a few years. As an employer, that should be the top worry, keep comp up, don’t lose your people because…

For those of you who have done this, how do you maximise your compensation? Tips appreciated.

You can always ask but another way is to come armed with a job offer. Considering you aren’t classified as “acceptable attrition” you’ll likely get a match or better from your existing employer. Hiring new talent is difficult and expensive so your manager has a lot of incentive to keep you around if you’re good performer.

But be warned that if your current company decides to let you go then you probably need to commit to the new company.

Re: Employers bow to tech workers in hottest job market since the dot-com era

#132

Post by MikeTheRocker »

tcbumperino wrote: post #83

Once you’re coasting in the 400-500k FAANG range, what’s the optimal move to get 700-800k+? Seems there are too many graybeards to get a Principal title. Better to switch to manager role? Or VP eng type at some startup and hope your stock hits? Or maybe VP at some non tech company?

Wish I knew

Re: Employers bow to tech workers in hottest job market since the dot-com era

#133

Post by MattGaiser »

gentleman11 wrote: post #103
dbish wrote: post #4

Even if you think you’re well paid, now is the time to look around. I’ve had a lot of friends, mentees, and coworkers get huge bumps on total compensation even as relatively senior engineers and managers. Pay is jumping and companies aren’t doing a great job keeping that up for their people who have been around for a few years. As an employer, that should be the top worry, keep comp up, don’t lose your people because…

I see a ton of jobs posted for seniors right now but almost none for juniors. Are companies being shy about talent risks right now?

For my current job the posting said 4 years of experience. I had 1 at the time.

Officially, my company is only hiring seniors, but if a decent junior applied (at least a year of experience inclusive of internships), I could see us taking them, especially with the right tech stack.

So, apply anyway.

Re: Employers bow to tech workers in hottest job market since the dot-com era

#134

Post by nuclearnice3 »

cxx wrote: post #115

Not my experience at all. For context, I'm a L6 at FB right now and have more than a decade of experience. I've never seen tech interviews become as stupid as they are now. In the last 3 months I've applied to a few places, including one where I literally built from scratch what the hiring team wanted to do (and got promoted for it at FB), and I've never seen the difficulty of the programming rounds so high as now. I…

> My goal is to make hiring slow down to a crawl, make it so hard to find anyone that it hurts the company and is forced to change it.

Hmm. I agree 100% on the intersection of practiced and asked as a key indicator for modern tech interviews.

Have you done any estimates of how long it is going to take Facebook to notice your efforts? I looked and they hired 15k people since 2019. Even if you block three a week, you're only a couple percentage points of drag.

Maybe you need to consider collective action?

Re: Employers bow to tech workers in hottest job market since the dot-com era

#135

Post by Macha »

throwanem wrote: post #22

> He likened it to what’s happening in the real estate market. In other words, make your moves now, and with an eye toward the crash that's coming.

Alternatively, being the most expensive and newest might be a poor position to be in when the crash comes?

Re: Employers bow to tech workers in hottest job market since the dot-com era

#136

Post by axpy906 »

grepfru_it wrote: post #67
throwawaysleep wrote: post #40

Earlier quoted context omitted.

> That means doing getting multiple offers within the same time period before you accept one. I need help on getting to the salary negotiation part with multiple companies at the same time though. This is the instruction booklet for landing a lunar lander on the Moon. I need the one for the Saturn V.

Accept offer A. Receive offer B. If offer B > offer A, let company A know something has come up and you cannot continue employment. Accept offer B. Lather, rinse, repeat for each offer. The better offer may be salary, perks, or just better work conditions. I once left a company after working there for 9 days because I got an offer working with my friend. I didn't even get a better salary and my friend ended up leavin…

That’s not how to do it. You get offer A and B then push them to bid on you. Having competing offers gives you leverage, use that to get the best employment terms.

Re: Employers bow to tech workers in hottest job market since the dot-com era

#137

Post by abledon »

MattGaiser wrote: post #48
y04nn wrote: post #32

Is this situation specific to the US? Has anyone experiences in other countries?

Canada. Am regularly bombarded with recruiters, although mostly for the US market.

are they all wanting your to lift-and-shift your life to US? or are they Remote positions

Re: Employers bow to tech workers in hottest job market since the dot-com era

#139

Post by lima »

version_five wrote: post #63

An interesting corollary is that certain types of business are no longer economically viable. If I have a business that competes with advertising companies for niche talent, my business model has to be able to generate the same outsized returns on that talent if I want to be able to afford them, so this limits the work I can do. I don't think people should work for below market wages, only observing how it can change…

Many people are indeed willing to work below market wages in exchange for working on something meaningful to them.

Re: Employers bow to tech workers in hottest job market since the dot-com era

#140

Post by monkeybutton »

lumost wrote: post #29
ProjectArcturis wrote: post #10

My personal experience has been quite different. I got a bit burned out on my job and sent in my resume to 10 new places. All remote, some a bit of a stretch, others I was well qualified for. (Data science management and senior DS IC, respectively). I got zero hits. Not a single phone screen. Honestly I was pretty lazy about it, and didn't write cover letters or anything. That might be a contributing factor. That, or…

There could be a couple factors here. The first is that recruiting at most companies prefers to reach out to candidates then the other way around. My suspicion has been that they get inundated with unqualified resumes via direct applications and just don't want to spend the time looking through it. You should try going back through linkedin over the last 6 months and messaging recruiters who did cold outreach or dire…

As someone that was educated in computer science and moved from software engineering to working in the data science world, I find applying to DS positions to be much harder and more painful than CS jobs.

CS is easy: Do you know the languages they want, know some algorithms, are you familiar with the same tools and libraries, how's your experience working with people on big projects?

DS: The field is so broad and so deep, you need know everything and if you don't, be prepared to be shredded. Your interviewer may have a PhD in physics, or a master's in economics, or maybe they're just a math major that did a bootcamp course. Do you know NLP and how to build a pipeline? I feel like I get whiplash when I look at DS job postings they're so all over the place.

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