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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

#341

Post by lovich »

gavinray wrote: post #251
tcbumperino wrote: post #227

Earlier quoted context omitted.

Imagine caring about your employer who employs 100k+ other people and who would fire you without hesitation. (Or glee even.)

Why would you ever work for a company that employs that many people and would treat you like shit? For the (slightly more) money? Well then that's your own doing, innit? The great thing about having any sort of skills is that you can pick and choose what you want to do with them. If you choose to work for someone like that, you're willingly subjecting yourself to misery, and to (probably) wasting some of the best yea…

> For the (slightly more) money?

Bud you said you make 110k and we’re originally responding to people talking about 300k, 500k, and more.

There is no reasonable way to look at ~300%+ increase in compensation as “slightly more”.

You’ve got a point about working for a company you believe in, but that’s part of your total comp. You chose a package that’s lower pay + fits your interests. When people drop the “fits your interests” requirement they are able to get more comp as part of the package

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

#342

Post by refenestrator »

nostromo wrote: post #252
JMTQp8lwXL wrote: post #203

Earlier quoted context omitted.

You could change the process by being the person who rubber-stamps everyone, regardless of how silly the "process" is. If the person didn't get the PhD algorithm perfect, yet still did a good job, let them in. Anyone who is good enough to be considered for an interview at FB or G is good enough to do the job. That's the truth of the matter. Be the change you want to see-- this somewhat reads as a 'stick-in-mud' appro…

Most companies track how many people you green light and if you do it too often you may not be given any more interviews.

I was a rubber stamp and found myself in high demand to interview in a location the company was trying to staff up rapidly.

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

#343

Post by pedrosorio »

lostcolony wrote: post #273
sokoloff wrote: post #268

Earlier quoted context omitted.

If you’re closing off opportunities that you wouldn’t take anyway, it’s just another form of time savings. I make sure we’re at least in the same chapter if not the exact same page on comp before spending more than a 25-minute intro.

As I mentioned elsewhere, I upped my RSU comp 4x what was initially offered by bringing it up at the end, for a position I -was- interested in. Had I come out of the gate saying I expected that, I'm quite certain the response would have been "we can't do that" and moved on. Fair enough if you only want to work for a company that offers your target comp -without- negotiation (since even if they're open to negotiating…

What was X here? Did this involve any competing offers?

It seems so strange that they’d offer X and just after being asked would switch to 4X. That’s a huge range.

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

#344

Post by jeffreyrogers »

simpleguitar wrote: post #244
the_only_law wrote: post #168

Earlier quoted context omitted.

I think with FAANG it’s mostly just down to them having insane valuation and being able to give out those stock options. The base salaries don’t seem particularly high, until maybe the highest levels.

If you look at FAANG earnings, their annual gross revenue (before expenses), is at least $1M per employee . Last time I looked Apple does $1.5M including all their Apple store employees. It's not just insane valuation. If the employees are bringing in $1M per head, you can afford to spend more on those who are making stuff.

It's still the case that most of the total comp is from RSUs, and often the people making $500k+ are making that because of appreciation in the stock price. Their initial offer wasn't that high.

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

#345

Post by the_only_law »

alfiedotwtf wrote: post #318
the_only_law wrote: post #289

Earlier quoted context omitted.

> Even if you think the best you can do is the same job you have right now, but in a different place, you'll see a significant bump. Because I doubt I could get the bump I’m looking for doing the same thing I do now with current restraints > Why not try? Time sink, especially with people talking about 4-5 stage interviews. Without some level of confidence I’d rather not use all my PTO or try to schedule hack at the m…

> Time sink, especially with people talking about 4-5 stage interviews. From friends who are at FAANGs, it sounds like the prep work has been about 100 hours. That's re-reading things like Sedgewick and burning all your spare time at things like leetcode.

Maybe, but I don’t have much energy anymore, I can’t even manage to pay attention to a 15m YouTube video before describing to slump off back to bed. I also feel slow in general these days, probably from a number of factors.

But I was mainly referring to the actually interviews themselves. 4-5 seems like so many, especially if they fly you out vs just being done remotely.

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

#346

Post by bobsmooth »

giantg2 wrote: post #117
gentleman11 wrote: post #103

Earlier quoted context omitted.

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?

My experience is that this is an ongoing problem. For years there have been relatively few junior positions. No company wants to train people.

That's why I stopped looking for an engineering job and became a technician. Started at the top of the pay scale due to my degree, which was nice.

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

#347

Post by xondono »

iorrus wrote: post #336

I live in Ireland and get less than €70k as a senior dev. Ireland is considered to have relatively high salaries for software developers, at least in a Europe.

Here in Spain I’ve seen people with +20y of experience contracting for Salaries for senior devs range from 30k to 50k, with very little exceptions.

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

#348

Post by samstave »

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…

A buddy of mine who is a cissp just move jobs, got a 30k raise and a 100k signing bonus

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

#349

Post by notsureaboutpg »

mooreds wrote: post #314
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…

> An interesting corollary is that certain types of business are no longer economically viable. Or are no longer viable with US based software talent. I know a company that couldn't seem to keep/hire/find US based talent. Now they employ a couple folks from South America. The company gets competent developers and the folks from SA get jobs that they are happy with.

You can't keep / hire / find US software devs because you have other problems as a business. I've anecdotally seen a business do the exact same thing here. It works for a year or two max (when the salary is enough to keep the new devs happy).

Many many US software devs know they could make more somewhere else but are comfortable where they are and have more than enough money to live happily and most importantly like what they do or feel connected to their work or some aspect of their work. That will eventually happen to your SA devs (and more quickly than to NA devs). Once they are comfortable, have more than enough money, they will file out of your company because you haven't fixed the problems that caused you to have talent issues in the first place, or they will demand more and leave when you can't afford it.

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

#350

Post by celim307 »

* what are you guys using to find high quality remote jobs? I used to use builtinseattle but that’s of course region specific and I’d ideally like to go fully remote. HN and LinkedIn are my best options?

* if I’m making 300k at nonfaang, and don’t feel like doing these crazy ass LC interviews, is it even worth it to look? Or is 300k+ all LC?

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