Salary negotiations for techies (2011)
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Salary negotiations for techies (2011)
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Re: Salary negotiations for techies (2011)
#2There is one danger to taking stock that should be made more explicit - you weaken your future negotiation power with the company, since payment by stock already ties your hands some, especially if you haven't gotten past the 1 year cliff.
Re: Salary negotiations for techies (2011)
#3There is one danger to taking stock that should be made more explicit - you weaken your future negotiation power with the company, since payment by stock already ties your hands some, especially if you haven't gotten past the 1 year cliff.
Depends on how you take stock. If your on a vesting schedule that hasn't vested then you need to wait for your cliffs like mentioned. If you agree to purchase the stocks using warrants then you are in a better position.
Re: Salary negotiations for techies (2011)
#4Here is another similar guide. Easier said than done of course. http://www.kalzumeus.com/2012/01/23/salary-negotiation/
Re: Salary negotiations for techies (2011)
#5"If they can’t pay you what you’re worth, consider being paid in part in stock, but only if you truly believe in the product, the management, and the company as a whole."
Successful "techies" never work at companies they don't believe in.
It's quite telling that the author includes this "only if" clause.
Re: Salary negotiations for techies (2011)
#6Here is another similar guide. Easier said than done of course. http://www.kalzumeus.com/2012/01/23/salary-negotiation/
I was coming here to post that same link. It's much longer, but contains many more specific situational examples, and more comprehensive advice.
Re: Salary negotiations for techies (2011)
#7There is one danger to taking stock that should be made more explicit - you weaken your future negotiation power with the company, since payment by stock already ties your hands some, especially if you haven't gotten past the 1 year cliff.
Depends on how you take stock. If your on a vesting schedule that hasn't vested then you need to wait for your cliffs like mentioned. If you agree to purchase the stocks using warrants then you are in a better position.
Do you have any favorite links/resources re: warrants?
Re: Salary negotiations for techies (2011)
#8"If they can’t pay you what you’re worth, consider being paid in part in stock, but only if you truly believe in the product, the management, and the company as a whole." Successful "techies" never work at companies they don't believe in. It's quite telling that the author includes this "only if" clause.
> Successful "techies" never work at companies they don't believe in.
1) This is from 2011, it was slightly less of a seller's market for engineers back then. It was still a seller's market, but not as crazy as it is now.
2) The author is one of the top 10 all time contributors to HN. #3 in fact. And I don't think he deserves the snark from the last line of your comment. He's done some pretty cool things and I'd definitely count him as a successful techie.
That said your lackadaisical use of infinity is worrying. You shouldn't just throw it around like that. Most things have nuances. Life in particular.
Re: Salary negotiations for techies (2011)
#9"If they can’t pay you what you’re worth, consider being paid in part in stock, but only if you truly believe in the product, the management, and the company as a whole." Successful "techies" never work at companies they don't believe in. It's quite telling that the author includes this "only if" clause.
> Successful "techies" never work at companies they don't believe in. 1) This is from 2011, it was slightly less of a seller's market for engineers back then. It was still a seller's market, but not as crazy as it is now. 2) The author is one of the top 10 all time contributors to HN. #3 in fact. And I don't think he deserves the snark from the last line of your comment. He's done some pretty cool things and I'd defi…
I'm sure he's a very prolific Hacker News contributor. My point is that people who optimize for short-term financial compensation ahead of employment with a company they believe in which is generous with its stock are the least successful in this industry—particularly financially, ironically.
Re: Salary negotiations for techies (2011)
#10This post is a condensed version of an already short book I recently read - Breaking the Time Barrier [1]. I recommend reading both.
Like the author of this post says, calculating the value you're adding with your work is the only true way to accurately price yourself. It may not be as easy to do as someone who works in sales but it's worth your time to do so.
Shortly after reading BtTB, I had a new contract opportunity come my way. I doubled my hourly rate.