Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

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

latimes.com

Post reply on HN
Print view View original

351–360 of 596 posts

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

#351

Post by nhooyr »

sjg007 wrote: post #333
AQuantized wrote: post #259

Earlier quoted context omitted.

Google and Facebook are making hundreds of thousands of (almost endirely advertising derived) dollars per employee. They have functional monopolies on search and social media advertising respectively, so every company in the world looking to use those advertising vectors is at their mercy. Maintaining that extremely lucrative position is worth paying an excess to achieve even small advantages in staying ahead of the…

Right but it's a dutch auction right? Highest bidder pays second highest price.

Isn't that a Vickrey auction?

https://en.wikipedia.org/wiki/Vickrey_auction

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

#352

Post by lostandbored »

remus404 wrote: post #326
jpollock wrote: post #301

Earlier quoted context omitted.

They pay top-end for the local market. However, if a competitor comes in paying Bay Area salaries for remote work, that can be a lot higher than local wages.

After extensive research, I've found that almost no companies are paying Bay Area salaries for remote work outside the US.

Honestly, no in the tech field at all, I would be surprised anywhere is paying Bay Area salaries in US besides maybe NYC or some other high COL area.

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

#353

Post by Frost1x »

lr4444lr wrote: post #157
yosito wrote: post #89

Earlier quoted context omitted.

This negotiation tactic works fine if you don't have to do full day coding challenges to get to that phase, while also working a full time job.

I think just the opposite: the best time to pounce on them with salary expectations is as late as possible, after they've already invested the interview time on you and seen you excel.

For small businesses this might be true. Small businesses often aren't hiring top tech talent commanding high comp levels, it's usually businesses with loads of capital.

If you're playing chicken on who can waste the most capital against these guys, you're probably going to lose (otherwise, you wouldn't be applying for a job there in the first place, they'd be asking you to hire them).

They've got a pool of other people like you, they know it and they know roughly what it'll cost to find another you. They might be willing to jump a little to avoid that but they're not going to bend over for it. They also want someone willing to take orders, not someone too aggressive, so that might signal that you could be a problem. I'm not saying don't stick up for yourself and try to get your piece, just that you should be careful playing these games unless you're prepared to lose and walk away.

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

#354

Post by samstave »

Does anyone have a pulse on the churn rates going on the industry for the last ~6 months?

I assume "Senior X Developer" is the highest % of churn.

What if people want to move - but are also sick of their current role/pigeon-hole -- is the market on fire for them as well?

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

#355

Post by dasyatidprime »

refenestrator wrote: post #338
dasyatidprime wrote: post #202

Earlier quoted context omitted.

Do you have any recommendations on how best to sell yourself from such a position? I have a significant C99-era/close-to-the-assembly fundamentals background, but I see a lot of “if you haven't already AWS'd all the AWS at your last company in production at scale, then there's someone behind you who has”, and that kind of thing has both been a notable lacuna in my experience and something that's notably less fixable…

Write a script that deploys something to a fresh ec2 instance.. then you can say you used aws for your side project. Aws is like 800 services, but under it all is ec2 and s3 -- just get familiar with those and the rest are conveniences.

This is not an unreasonable point, but I will note that I was partly using “AWS” metonymically to refer to a whole cluster of technology decisions surrounding the current wave of “cloud” everything, and I was also partially referring to the purer “have you been part of a full-scale service deployment with real users” aspect—there's a bigger difference between “operating a service when there's hundreds of thousands of requests from real people hitting you and they really count” and “operating a service for a random who-cares project” than there is between, say, “having a precise understanding of how Ruby behaves in a business-critical backend” and “having a precise understanding of how Ruby behaves on your laptop”. Lacking experience or even just lacking legibility of experience on the former seems to close a lot of doors, and that means you run into the “need experience to get experience” cyclic dependency on a critical subset of what's needed, regardless of how good your other skills are.

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

#356

Post by ergocoder »

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'm at a FAANG-like company with 1m USD TC because of stock appreciation.

Where would I get a job like this?

I hate my job a little but the hate is not strong enough for me to leave a 1m TC job for a lower TC.

I'm stuck basically. I'll be gone after 4y definitely

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

#357

Post by boring_twenties »

nythrowaway wrote: post #325

What does this mean on a real world level in NYC? Can anyone offer 350+ to 15+ YOE in NYC besides FAANG. 4 years ago I interviewed and failed 6/6 design and 4/6 leetcode (passed lyft and fb leetcode). 4 years ago I studied about 50-100 LC and did a design review class to get that far . I’m much better at design but couldn’t pass 5 hard LC. I’ve got a family and with work it’s a lot to do that much studying every day…

Financial firms, especially anything related to automated trading.

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

#358

Post by notsureaboutpg »

caeril wrote: post #156
the_only_law wrote: post #100

I hate that the market is so great right now because I really can’t take advantage of it. I would love to start the process, to try and get a salary increase anywhere from 30%-100% but unfortunately I’ve stagnated sharply skills wise. Don’t qualify for the jobs I see I think I’d enjoy, and don’t even qualify for the jobs that meet my salary preferences that I’d otherwise dislike. I also would have to be looking at im…

> I’ve stagnated sharply skills wise I'm sorry, but what does this even mean? Nothing has changed in a significant way since 1996, other than ops per second and memory bandwidth. If you're an old school C programmer who knows how pointer arithmetic and memory allocation works, you're better than 99% of the total trash new-school Node.js/Django/Rails/React developers who think JSX is some sort of "innovation". Having…

This just isn't true. A lot of Node.js/Django/Rails/React devs know pointer arithmetic and memory allocation pretty well because these are all taught in every CS program which most of the devs you despise have gone through.

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

#359

Post by Frost1x »

TedDoesntTalk wrote: post #183
yellow_lead wrote: post #73

Earlier quoted context omitted.

Some of these bans only affect state agencies, the city, or special cases.

Even if a company asks, you can say no. I’ve never revealed this info and never will. You are giving them a free negotiating card. It doesn’t serve your interests at all.

You can always choose some qualitative attribute or perk about your job, just like businesses use, and put a monetary value on that to you. The value becomes subjective and you can use that as a reference if you decide you do want to disclose or inflate your salary to negotiate higher for a new position. This is more difficult if the person happens to be familiar with a given businesses rates but businesses are often so secretive about comp rates (for their own advantage) that even management within companies may not know how much you're paid.
Post reply on HN