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Tech workers demand high salaries despite hiring slowdown

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Re: Tech workers demand high salaries despite hiring slowdown

#81

Post by riku_iki »

starttoaster wrote: post #75
riku_iki wrote: post #65

Earlier quoted context omitted.

FAANG have many offices in Europe..

Do they pay European salaries in European offices? I imagine the answer to that question is, "yes." The appeal for a European to get an American FAANG position remotely is presumably to soak up some of that dramatically higher American tech salary. I'm not sure that's a reasonable expectation though, as most companies in my experience will adjust pay to scale to the employee's current location for remote roles.

You can try to do research for your location: https://www.levels.fyi/companies/google/salaries/software-en...

Re: Tech workers demand high salaries despite hiring slowdown

#82

Post by yieldcrv »

pizzalife wrote: post #49
yieldcrv wrote: post #18

Where are cybersecurity professionals commanding that salary? Not too long ago that was lesser than SWE? I know plenty of certificate chasing cybersecurity professionals that can barely keep $100,000

>Not too long ago that was lesser than SWE? I know plenty of certificate chasing cybersecurity professionals that can barely keep $100,000 The high-end cybersecurity jobs require zero certificates. Qualifications > Certifications. If you have actual expertise in red-teaming, proven track-record with discovering CVEs etc, the money is there.

ahhh discovering CVEs, thats often a form of software engineering as opposed to making sure a system is PCI Compliant or whatever. I don't respect IT certificate chasers, because any dev could debilitate those organizations implementing “best practices” and just chooses not to

Re: Tech workers demand high salaries despite hiring slowdown

#85

Post by lelandbatey »

giannaT wrote: post #83
totallywrong wrote: post #71

Earlier quoted context omitted.

By simple observation, average single-income households were able to own a home and raise a family back then.

They still can. Just not in luxury areas.

Sooooo as the parent said, "no."

"Luxury areas" are not somehow "optional" for the people that have to live there to work there, as the term "luxury area" implies.

Re: Tech workers demand high salaries despite hiring slowdown

#86

Post by randomdata »

totallywrong wrote: post #71
0xDEF wrote: post #63

Earlier quoted context omitted.

Any source for that claim?

By simple observation, average single-income households were able to own a home and raise a family back then.

That was the urbanization movement. Average families were no longer able to afford to stay in the rural areas they grew up in, but were quite well off compared to the poor who historically occupied the urban areas. As such, they were able to swoop in and buy up everything for a song in those urban areas. That is less about their income and more about taking advantage of a market disparity.

Prior to COVID many similar disparities were able to be found. In fact, there was a growing counter-urbanization movement taking advantage of it. It does seem opportunists sitting at home not allowed to do anything else during COVID squeezed a lot of them dry along with everything else, granted.

Re: Tech workers demand high salaries despite hiring slowdown

#87

Post by moregrist »

etchalon wrote: post #66
zapataband1 wrote: post #54

Earlier quoted context omitted.

Well if the market ever bounces back I think people will be a lot less loyal about leaving places with subpar salaries esp after all the layoffs

My experience has been that salary alone isn't much of a determinate for employee loyalty for the vast majority of people. If the only reason someone worked for me was because I was willing to pay them the most, I think I'd re-think my entire company culture.

Being paid tip-dollar isn’t the biggest motivating factor for most people.

Feeling like you’re undervalued or being taken advantage of? That’s a huge factor in someone leaving.

Being paid substantially under market? I would feel both undervalued and taken advantage of.

Re: Tech workers demand high salaries despite hiring slowdown

#88

Post by hellisothers »

shagie wrote: post #67
Mountain_Skies wrote: post #43

Tech hiring has been broken for a long time and they keep looking to the government to somehow save them from their own incompetence in labor development. The "hiring" pipeline has been highly optimized for finding reasons not to hire a worker instead of finding suitable workers to develop. Each year this optimization gets closer and closer to its final goal of never being able to hire anyone. Meanwhile most companie…

> The "hiring" pipeline has been highly optimized for finding reasons not to hire a worker instead of finding suitable workers to develop. The hiring pipeline has always been and continues to be hiring the least risky developer instead of trying to hire the "best" developer. When the applicants far out number the time it would take to give a more in-depth hiring review for each candidate the approach to hiring the le…

The inane questions asked during an interview don’t signal to me “risk mitigation”, they say “this what everybody else does and nobody got fired for doing the status quo”. Having done close to a hundred interviews as an IC it definitely seems like we, as an industry, are looking for why not to hire a given person.

Re: Tech workers demand high salaries despite hiring slowdown

#89

Post by shagie »

hellisothers wrote: post #88
shagie wrote: post #67

Earlier quoted context omitted.

> The "hiring" pipeline has been highly optimized for finding reasons not to hire a worker instead of finding suitable workers to develop. The hiring pipeline has always been and continues to be hiring the least risky developer instead of trying to hire the "best" developer. When the applicants far out number the time it would take to give a more in-depth hiring review for each candidate the approach to hiring the le…

The inane questions asked during an interview don’t signal to me “risk mitigation”, they say “this what everybody else does and nobody got fired for doing the status quo”. Having done close to a hundred interviews as an IC it definitely seems like we, as an industry, are looking for why not to hire a given person.

If you have one open position and 500 applicants, you're going to have to figure out a "why not to hire" the vast majority of the applicants. If that is done in a way that isn't quantifiable you're going to get a hiring discrimination lawsuit some of the time.

Spending 30 minutes per applicant gives way too much time commitment for the people doing the interview and way too long "candidate applied" and "narrowed down to less than five people" such that the best candidates have found a new job weeks before you're at that point.

This isn't the best way to hire people - its the least worst when factors of hiring bias, timeliness of process, and risk reduction enter into how hiring is to be done.

Re: Tech workers demand high salaries despite hiring slowdown

#90

Post by foogazi »

darth_avocado wrote: post #58

It is mostly driven by housing costs. A lot (read most) of the tech companies are located in the most expensive housing real estate markets. If I’m looking for a job, I most definitely will try to make sure I don’t end up having to spend more than half of my “in hand, guaranteed income” is not spent on housing. The companies are pushing RTO in a bone headed way, will then have to pay the premium of having to hire tal…

> A lot (read most) of the tech companies are located in the most expensive housing real estate markets.

The most expensive real estate markets are expensive because of tech

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