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Microsoft Freezes Salaries for 2023

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Re: Microsoft Freezes Salaries for 2023

#231

Post by BulgarianIdiot »

pb7 wrote: post #230
BulgarianIdiot wrote: post #227

Earlier quoted context omitted.

Employees get both options and grants, depending on their position and so on. And stock does go up. It's Microsoft. Otherwise you can... just not use the option. The purpose is to encourage employees to help the company and raise the stock. In theory at least.

Thanks for explaining it but I know how it works better than most here, hence the comment. If you get $100K in stock options at a certain price and the price doubles, you make $100K. If it stays the same, you make nothing. If you leave, you have a certain period of time to exercise or you lose your options. If you get $100K in stock and the prices doubles you make $200K. If it stays the same, you make $100K. If you l…

It's unclear why you keep explaining how options work. No one said otherwise.

And it's also a fact BOTH options and grants are given to employees, depending.

I didn't use one instead of the other, and frankly the existence of this entire thread is a bizarre amusement to me at this point.

Re: Microsoft Freezes Salaries for 2023

#232

Post by pb7 »

BulgarianIdiot wrote: post #231
pb7 wrote: post #230

Earlier quoted context omitted.

Thanks for explaining it but I know how it works better than most here, hence the comment. If you get $100K in stock options at a certain price and the price doubles, you make $100K. If it stays the same, you make nothing. If you leave, you have a certain period of time to exercise or you lose your options. If you get $100K in stock and the prices doubles you make $200K. If it stays the same, you make $100K. If you l…

It's unclear why you keep explaining how options work. No one said otherwise. And it's also a fact BOTH options and grants are given to employees, depending. I didn't use one instead of the other, and frankly the existence of this entire thread is a bizarre amusement to me at this point.

You understand other people can read and learn, right?

>And stock does go up. It's Microsoft. Otherwise you can... just not use the option.

And lose the equity portion of your compensation, unlike stock grants. You don’t seem to get the nuance but you are so desperately trying to dismiss my point.

Re: Microsoft Freezes Salaries for 2023

#233

Post by itsdrewmiller »

slg wrote: post #169
oh_sigh wrote: post #140

Earlier quoted context omitted.

The company and its income is for the benefit of the shareholders, not the employees. Maybe the argument can be made that they should pay more money to certain people to improve their future income, but that has nothing to do with how much money they make.

Capitalism really breaks people's brains sometimes. It isn't about who owns the profit. An employer/employee relationship is a business agreement. That includes an implicit (and sometimes explicit) agreement to regularly reevaluate employee compensation based off a combination of employee and company performance. This decision severs that connection. Now there is no level of employee performance which can yield bette…

>Now there is no level of employee performance which can yield better compensation.

This is only true if Microsoft is also freezing promotions. I doubt that is happening.

Re: Microsoft Freezes Salaries for 2023

#234

Post by remote_phone »

bagacrap wrote: post #96
remote_phone wrote: post #90

Earlier quoted context omitted.

Google raises for most employees was between 0% and 1%

This is inaccurate. However if your sample is only people who are on Blind complaining, I can see how your data might be skewed in that direction.

It is accurate.

Re: Microsoft Freezes Salaries for 2023

#235

Post by ClumsyPilot »

bdavisx wrote: post #164
nforgerit wrote: post #43

Earlier quoted context omitted.

Gosh I like this comment so much. This is exactly how I felt and saw ourselves whilst sitting in hipster startup offices getting way too much money compared to the rest of society. That said, tech people in general publicly don't get enough respect or disrespect for their work.

>getting way too much money compared to the rest of society Personally I feel that the "rest of society" is getting way too little money vs. us getting way too much (opinion based on the fact that profits/productivity have outgrown salaries for too long).

exactly, we have an 'economic crisis' among record profits. This is the first time in human history.

There is another name for it - getting shafted

Re: Microsoft Freezes Salaries for 2023

#237

Post by cush »

pianoben wrote: post #30
ClumsyPilot wrote: post #21

Earlier quoted context omitted.

This kind of comment woups not have been here like 3 years ago. It was an amazing journey to watch HN denisens adjust their opinions as they went from creme de la creme and 'anyone can create a unicorn tonorrow' to, you know, being basically like a plumber but for JSON.

The secret is, we've always been plumbers . It's not a terrible comparison in some ways - plumbers are highly-skilled, scarce, and command high prices for their services. Nobody mistakes them for Capital, especially not plumbers themselves. Engineers seem to have gotten the wrong idea about themselves lately.

Fun fact: plumbing is actually one of the highest rated jobs in terms of work-life balance and happiness. Plumbing is an excellent job.

Re: Microsoft Freezes Salaries for 2023

#240

Post by dukeyukey »

fzeroracer wrote: post #110
mirekrusin wrote: post #76

Earlier quoted context omitted.

The difference is that GPT won’t steal plumber’s job.

GPT isn't going to steal anyones jobs. It's just the new outsourcing where the big thing in the 2000s was to try and outsource your work as much as possible. Except that problem came to roost quickly due to poor code quality and the cost to fix it was more than the cost to make it good in the first place. Same issue with GPT. It's generating low quality, poor performing, poorly designed code. Any company using it as…

Plenty of companies make bank using low-quality, buggy code. Not the kind of places most here work at though, because they weren't hiring dedicated developers to begin with.
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