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Why Don't Tech Companies Pay Their Engineers to Stay?

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Re: Why Don't Tech Companies Pay Their Engineers to Stay?

#291

Earlier quoted context omitted.

Seriously. I have a 'thing' about eating around people... feels gross, prefer not to. You'd think I insulted someone for their choices by opting out I know they mean well with their lunch offer, but I'm barely socialized. I don't want to develop that skill, it's not personal. I'm just firmly independent

What a career, no, life limiting attitude. you do you, but yikes.

[deleted]

Re: Why Don't Tech Companies Pay Their Engineers to Stay?

#292
post #248

Earlier quoted context omitted.

Apart for consultants which is what I recommend people get into for a high paying job, even looking at levels.fyi, the average pay is actually lower in the UK. Take Samsara, on average basis an entry level engineer in the US pays higher than a semi-senior SWE (SWE II) in the UK, taking into account the base as well for a senior also looks dismal for UK engineers. Even when these companies are public, UK salaries just…

Salaries in the US are much higher, but it doesn’t mean you can’t hit 150K of total compensation working for a non-FAANG company. Here’s one that advertised on this site: https://www.ycombinator.com/companies/meticulous/jobs/AkHpFa... Up to 160K plus 1% of equity.

Getting paid 80K is getting paid "Up to 160K"

It's not a real figure.

Re: Why Don't Tech Companies Pay Their Engineers to Stay?

#293

Earlier quoted context omitted.

So strange how even within the same country our cultures differ enough to have stuff like this which actually disgusts me. Have southerners never heard of coffee? How fat do you have to be to take soda breaks instead of coffee or smoke breaks?

Sugar-free soda is a thing.

Everyone I know who drinks sugar free soda is fat.

Re: Why Don't Tech Companies Pay Their Engineers to Stay?

#294
post #236

I worked in the UK at a FAANG, so I was on a different bonus system, but my US colleagues had a very significant lock-in. Both your starting bonus and annual bonuses were implemented in terms of share grants that vested at 25% each year. I heard from several of these colleagues that the annual bonuses were often about the same as the base salary, so for some of these guys it was around $200k. So, at any given time th…

Which FAANG in the UK doesn't follow the same long term incentives with RSU as their US offices? All that I am aware of do for engineers.

For various reasons, I don't want to name the employer, but yes it does happen. I guess it depends on your interpretation of "long term"...

Those that are hired to be permanently based in the UK have an RSU-based system.

Those that are hired with the intention of relocating to the US instead get a smaller lump-sum signing bonus, a small lump-sum annual bonus while in the UK and the RSU incentives only start after moving to the US, and starting a fresh employment contract.

In theory, employees should only be in the UK for just over a year maximum, since if the H-1B visa petition isn't successful, you can apply for an L-1 visa instead after 12 months of employment. In my case, moving to the US got indefinitely postponed due to COVID, so I stayed in the UK for 23 months before I quit.

Obviously, beyond 2 years is moot as I'd already quit, but if I'd worked another month and had RSUs from the start, I would have been about $100k better off after those first 2 years. The next 4 years would have been worse off too, as the RSU allocation for the starting bonus would have been for significantly fewer shares due to the rise in share price over those first 2 years but the dollar value of the bonus would have stayed the same.

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