161–170 of 515 posts
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Was his work performance suffering as a result? If not, what is the actual issue here?
Yes. His output was horrendous. I would have fired him anyway based just on that, but discovering he had multiple jobs expedited the firing (and clearly explained why his output was so poor).
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This is actually great advice, though Im very bad at shitty work, i need hyperfocus and challenging task to feel good about the job :( But I wonder if there are companies who understand that 250k developer is not even close to 2 125k developers, but can be much much more valuable asset with proper management.
Well, sure, but this line of thinking suggests you’re worth more than double what someone else is at the same job. What makes you think this is so?
When I lived in an expensive part of SF (not long) I was eager to ask around "What do you do for a living?" Sales. One guy managed to bring in 20 million dollars worth of contracts into a tech company by calling his friends. His comp was north of 1 million for one year. He wanted 2 million for the next. That is a good deal for a company and easy to justify that comp. Another lady sold energy contracts. Another lady sold real-estate. Another guy worked in Oracle sales. What I learned: what revenue they generated for the company they got a cut. These people could walk into any company and add IMMEDIATE value. Their personal freedom was also astonishing, their employer couldn't care less where they were or what they were doing. Just bring in a sale.
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$150 per hour is $300,000 per year including two weeks vacation per year. I have a side client that I met 11 years ago that I charge $150 per hour for remote development. They feel lucky to get that rate! Most people around us charge $200 per hour but since I work full time for someone else and can’t always be available I give them that discounted rate. I don’t think they’re hard to find at all for consulting. Being…
$150 per hour consulting is not the same as $150/h salary. With consulting you have to pay for your downtime, the time you use to acquire clients, your insurance, etc.
I only give the discounted $150 per hour rate because I work full time at another company.
Since someone else brought up tax advantages - I don’t pay social security tax on my self employed income. Because I max it out on my full time job. I also have an Individual 401k plan that I can contribute 20% of my self employed income as the employer contribution. I can’t contribute my self employed income as the employee contribution though because I max that out at my full time job.
Having combination W2 and 1099 income gives a ton of tax benefits.
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Getting $100k sticker price worth of stocks per year is worth about $100k a year. If stocks go up they are worth more, otherwise less. On average they will be worth more than cash, and for a big company it is rare for them to go down a lot, so I'd say that getting the $100k worth of stocks a year is at least as good as just getting the cash. Edit: Not sure why people think otherwise. Maybe they are used to companies…
3 years receiving vested stocks. If price stayed the same, it would be worth 200k. Today it is worth 80k. So no, thanks. Stocks are not worth unless you're FAANG
If you keep the stocks after they vest then that is your fault for keeping them instead of selling them.
If you're outside the US, forget about salaried roles. I've found that a vast majority of companies mentioned above will have blanket policies against hiring non-US workers (most HR departments are still living in the past and don't know services like Pilot, Deel, Remote.com, etc exist).
Also, there's virtually zero non-American companies that pay those kind of salaries--save for a few select places like Singapore, Zurich (and funny enough, its also the American companies in those cities that pay the highest).
Contracting for sleepy European big companies is probably your best option if outside the US. In most European countries, there's insane cost benefits to having contractors vs. employees due to the social welfare systems and impossibility of firing an employee. So contractor rates can match US ones.
For all the talk about COVID unlocking the global marketplace of talent, I don't see any evidence of that happening yet.
Covid has eliminated geographic barriers to talent within countries, but the barriers between countries are still too scary for risk-averse, late-adopting HR/Compliance/Legal types to deal with.
Give it another 5 years before the FUD clears.
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I run a job board for FPGA people and hoo WEE do the HFT firms compensate amply. Talking two to three times the salary of a comparable position at a defense or chip company. That's not to say you won't be earning it. The corporate culture sounds absolutely savage: https://www.reddit.com/r/FPGA/comments/pj43ar/my_experience_...
Wow, that was an interesting read. Not sure I'm up for working in such a toxic environment, but the technical challenges seem very interesting.
> If they don't have an FPGA engineer, or have a very small team, they are not serious about finance, or they are just dumb.
are FPGAs that core to Finance writ large?
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$150 per hour is $300,000 per year including two weeks vacation per year. I have a side client that I met 11 years ago that I charge $150 per hour for remote development. They feel lucky to get that rate! Most people around us charge $200 per hour but since I work full time for someone else and can’t always be available I give them that discounted rate. I don’t think they’re hard to find at all for consulting. Being…
2 weeks vacation per year is pitiful. Do people really get on and are happy with only that? I get 5 weeks ( minimum legal in France), i use it to the max and it's okay, but sometimes insufficient.
I actually get six weeks vacation at my full time US job and I use part of that to work in my part time consulting job.