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Ask HN: How can I calculate my market value?

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11–20 of 57 posts

Re: Ask HN: How can I calculate my market value?

#11
I think in Europe there's a bunch of local markets with a lot of companies that do not want to compete for developers, not within the EU and definitely not with the US. They'd rather push talented developers to leave than raise wages (and maybe it makes sense in their business).

You need to find the pockets in the market which do compete for talent on an international (at least EU-wide) level. That may be foreign tech companies, remote jobs, maybe the very hottest of startups in your country (with stock grants). I like this article (https://blog.pragmaticengineer.com/software-engineering-sala...) which goes deeper into this.

A "trick" which works in my market (in France) is to work as a contractor instead of a full-time employee. When I did this move I basically doubled my income overnight while keeping the same job title. A lot of companies will balk at an engineer asking for 70k€ as an FTE, yet have no qualms paying the same person 7-800€/day for 2 years as a contractor.

Re: Ask HN: How can I calculate my market value?

#13

Where in Europe? 32k seems very low for your role.. I am not sure how people without university degree are paid but I still think it should be a lot higher if you have all the required skills. Also maybe clarify what cloud architect means exactly.

> I am not sure how people without university degree are paid

That won’t matter in Berlin startups.

Re: Ask HN: How can I calculate my market value?

#15
Your market value is the average of what people with a similar experience and aptitude get.

But while the average may say you are worth say 65k per year, the upper end is more like a million per year, and the lower end near zero.It depends on multiple factors, what industry, what location, what company and how you present during interviews.

At present it is fair to say what you are getting is below average. Doubling your salary shouldn't be difficult if you look around, especially outside Central Europe. It can be difficult since many companies only offer a contract within certain juridictions, but some companies out there are flexible since they want to select from the worldwide pool rather than a fraction of it.

To find your true value. Apply to about 50 jobs you feel you qualify for. A third of it will give you a screening call to show your worth, 5 of them will get you through the final round and probably make you an offer. Make the average of the offers you get, that's your true value now.

Of course along the way you may hit a great 2nd offer which double your income, you would be tempted to just take it and end the experiment. And you may be right to do so. You can run the experiment again after you switched jobs.

I will throw out there that the best way to get compensated for your true value is to repeat this at least once a year, because too many employers squeeze current employees compensations by not offering the increase they deserve.If you continuously look for jobs you always ensure to have the current information about your current value hence leave no chance to be stuck at some undervalued job. Of course it's draining to often be on the look out and attend interviews. But it depends how important it is to you.

Re: Ask HN: How can I calculate my market value?

#16
post #5

1. Talk with others in your industry, at your company, or in similar roles to you. You'll at least get an idea of your potential range. 2. Interview and get offers. Your market rate is what the highest bidder is willing to pay. 3. Someone on HN shared this years ago and it helped me tremendously, it's better than any other blog post or book I've ever read about negotiating a job offer. Highly suggest reading it: http…

Seconding Kalzumeus blog. It's ridiculously good and in my experience it was really eye-opening and life-changing.

Check out this one too https://www.kalzumeus.com/2011/10/28/dont-call-yourself-a-pr...

Re: Ask HN: How can I calculate my market value?

#17
It is substantially more than 32k, this i can tell you with the little information i extracted from your post.

btw. if you are actively looking for something new, consider contacting me. We are looking for a lot of cloud engineers/architects/etc. -> smart.year8135@fastmail.com

Re: Ask HN: How can I calculate my market value?

#20
The best way is to check the market directly: do some interviews, get offers, compare. It's a lot of work but chances are that you'll come out of it much better off. If you think about it, basically nothing you do at your current job will pay off as much spending that effort interviewing. And if you're not willing to change jobs, then your market value is whatever they feel like paying you now.
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