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An update on salary transparency in job posts

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Re: An update on salary transparency in job posts

#41

Big tech salary postings are mostly useless, because bonus and stock aren't included and could be more than half of total comp.

At the least, they are helpful for people who are not “in the know” for which types of labor are selling for the highest prices.

Maybe non native language speakers, immigrants, the immigrants’ kids, etc. more transparency in labor prices is helpful to at least the people earning less than the highest earners to show them where they can earn more.

Re: An update on salary transparency in job posts

#42

Earlier quoted context omitted.

But if it isn't a minority or woman then whatever right?

What's your point? Their point was that these scales can help provide evidence of minorities and women getting paid less. Can you expand on what we could learn from the situation of two people getting different salaries when they're neither minorities nor women?

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Re: An update on salary transparency in job posts

#43
post #2

Now lets quantify how many of them are absurd listings. Recently saw a Senior Security Engineer role for Netflix, $100-$700k salary range. How is someone supposed to reasonably negotiate that role? $100k is clearly a joke, $700k is clearly a salary someone got during the bubble. Do I come in at $400k? Is $250k a bargain rate? https://imgur.com/a/0Fe00Qf

I don't think that's absurd. That's a realistic enough salary band for getting hired at Netflix across all levels (https://www.levels.fyi/companies/netflix/salaries/software-e...). It's not like those job listings that put "$0-$1000000 a year" in the salary range just to check the box.

For that role it's most likely, they're hiring multiple security engineers and will level based on experience - most people they hire will probably make $200k-$350k. But the right person (10+ YoE in Security, relevant experience at competing streaming companies, strong interview performance) could definitely negotiate themselves to the top end of that range.

Re: An update on salary transparency in job posts

#45
post #31
post #7

I hope the next step is narrowing the ranges of "info" provided. You'll sometimes see postings like "Sr Staff Engineer at [fancy corp]: 135K-900K". Info like that is better than nothing, sure, but not by much.

Have you seen those absurdly wide ranges outside Netflix? They pay all cash and computed their ranges in a pretty silly way that produces nonsensical lower bounds.

Netflix is particularly egregious but yeah there are postings with ranges like $150K-400K all over. 250K is an incredible swing imo.

Re: An update on salary transparency in job posts

#46

Earlier quoted context omitted.

But if it isn't a minority or woman then whatever right?

What's your point? Their point was that these scales can help provide evidence of minorities and women getting paid less. Can you expand on what we could learn from the situation of two people getting different salaries when they're neither minorities nor women?

My point was that singling out minorities or women is not necessary, it applies to all humans. Although I think what you end up is a mediocre salary for everyone, not just those who negotiate poorly. By setting the salary range tightly it prevents market forces from affecting pay much.

Re: An update on salary transparency in job posts

#47
post #2

Now lets quantify how many of them are absurd listings. Recently saw a Senior Security Engineer role for Netflix, $100-$700k salary range. How is someone supposed to reasonably negotiate that role? $100k is clearly a joke, $700k is clearly a salary someone got during the bubble. Do I come in at $400k? Is $250k a bargain rate? https://imgur.com/a/0Fe00Qf

> $700k is clearly a salary someone got during the bubble.

Research a bit about Netflix's comp philosophy and this will make more sense.

It's not bubble compensation. They aim to beat what someone else will pay for your skills, as long as they want you working there.

Until recently, they also only hired at a single IC level so the range was probably narrower.

Re: An update on salary transparency in job posts

#48
post #36

Big tech salary postings are mostly useless, because bonus and stock aren't included and could be more than half of total comp.

As someone in tech looking for a role, I agree, though there is some utility for big tech companies where compensation data is available elsewhere. By looking at the upper bound of the salary, I can reasonably infer the level of the role. For example, level 6 SWE roles at Meta show an upper bound of $241k and level 7 SWE roles show $289 (or thereabouts, IIRC). It's still of limited utility though, since one has to st…

[deleted]

Re: An update on salary transparency in job posts

#49
post #2

Now lets quantify how many of them are absurd listings. Recently saw a Senior Security Engineer role for Netflix, $100-$700k salary range. How is someone supposed to reasonably negotiate that role? $100k is clearly a joke, $700k is clearly a salary someone got during the bubble. Do I come in at $400k? Is $250k a bargain rate? https://imgur.com/a/0Fe00Qf

> $700k is clearly a salary someone got during the bubble. Research a bit about Netflix's comp philosophy and this will make more sense. It's not bubble compensation. They aim to beat what someone else will pay for your skills, as long as they want you working there. Until recently, they also only hired at a single IC level so the range was probably narrower.

> They aim to beat what someone else will pay for your skills, as long as they want you working there.

So what happened in 2020-2022 where everyone was willing to pay more and more for the same skill sets?

I think we're agreeing on the same thing here, I am saying they will never pay $700k now, but they probably have someone at that comp level, so they have to list that in the range.

Re: An update on salary transparency in job posts

#50
post #2

Now lets quantify how many of them are absurd listings. Recently saw a Senior Security Engineer role for Netflix, $100-$700k salary range. How is someone supposed to reasonably negotiate that role? $100k is clearly a joke, $700k is clearly a salary someone got during the bubble. Do I come in at $400k? Is $250k a bargain rate? https://imgur.com/a/0Fe00Qf

Every one of these comments so far are from people that have no idea how much Netflix pays. $600k-700k for a Senior Software Engineer at Netflix is about expected. Also keep in mind, they pay all cash, so this isn't a "Total Compensation" number. I have a friend who made over $1 million cash at Netflix per year. Their philosophy is to pay top of market for the best talent.
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