31–40 of 143 posts
Important factor is how many of the "qualified" candidates clear the interviews? The problem is not the lack of people to interview, it's the lack of people who clear interviews.
I posted this in response to a comment the last time this came up. That article was killed, so I'm reposting: Whereas the reason there are open positions for programmers at high tech companies is that these companies want star programmers Maybe they should try paying like stars. What percentage of engineers that aren't founders or within the first five employees make over $300,000 a year? The money is in Silicon Vall…
The problem is exasperated by these companies treating engineers like children. "Toss them another Mt. Dew, and they'll work another all-nighter."
With all the VC and buyout money out there, a true rockstar is going to be a founder or have serious equity in their company. They'd be an idiot for anything less.
I posted this in response to a comment the last time this came up. That article was killed, so I'm reposting: Whereas the reason there are open positions for programmers at high tech companies is that these companies want star programmers Maybe they should try paying like stars. What percentage of engineers that aren't founders or within the first five employees make over $300,000 a year? The money is in Silicon Vall…
How about paying a market wage, instead of offering a "free lunch" to people that cannot negotiate. Who can't negotiate? It's your fault if you can't/won't negotiate. I'd posit that the reason finance pays more for engineers than STEM is because most of us think that the atmosphere at a finance company will suck and as a result they have a smaller labor pool (I've literally never responded to a single financial recru…
Earlier quoted context omitted.
How about paying a market wage, instead of offering a "free lunch" to people that cannot negotiate. Who can't negotiate? It's your fault if you can't/won't negotiate. I'd posit that the reason finance pays more for engineers than STEM is because most of us think that the atmosphere at a finance company will suck and as a result they have a smaller labor pool (I've literally never responded to a single financial recru…
Who can't negotiate? It's your fault if you can't/won't negotiate. If there is a pool of labor willing to accept a free lunch and campus-like atmosphere, coupled with cheap imported labor, in lieu of perhaps $100,000 in pay, it depresses wages across the entire industry. I'd posit that the reason finance pays more for engineers than STEM is because most of us think that the atmosphere at a finance company will suck a…
As far as people who take low salaries screwing up your salary: If they're willing to do the job for that and they're not appreciably worse than you at that particular job, maybe that's what you're worth for that role, too? Almost every industry out there has it much worse than software when it comes to the 'race to the bottom'.
I posted this in response to a comment the last time this came up. That article was killed, so I'm reposting: Whereas the reason there are open positions for programmers at high tech companies is that these companies want star programmers Maybe they should try paying like stars. What percentage of engineers that aren't founders or within the first five employees make over $300,000 a year? The money is in Silicon Vall…
And is GS average pay skewed by a 1% of employees who make globs of money into the 10s of millions in total comp? Do the majority of staffers make normalish wages? Admin assistants, IT, operations, etc?
Anecdotal, but I have had a few friends working in support roles at investment banks making about double what they would make elsewhere.
Earlier quoted context omitted.
How about paying a market wage, instead of offering a "free lunch" to people that cannot negotiate. Who can't negotiate? It's your fault if you can't/won't negotiate. I'd posit that the reason finance pays more for engineers than STEM is because most of us think that the atmosphere at a finance company will suck and as a result they have a smaller labor pool (I've literally never responded to a single financial recru…
The data doesn't support the conclusion that they pay more for engineers, just that they pay more per employee. I've been an engineer in financial services in NYC for 3.5 years, and I can fairly confidently say that those large salaries are going to the senior salespeople and traders who pull in hundreds of thousands or millions per year in commission. Maybe I've just been at the wrong places (I don't think so), but…
I think wrong question is being asked. I think there are enough engineers, it is the quality of product people that is suffering. That often leads to balooning of engineering teams to crush the code run and make the product. So lack of engineers is a symptom not a problem. Speaking from my varied experience , YMMV. 2c.