Could someone help me understand what is meant by job levels 1 - 5 ?
How Much Should Startup Employees Earn? Wealthfront Tells Us With A Clever Tool
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Re: How Much Should Startup Employees Earn? Wealthfront Tells Us With A Clever Tool
#12Could someone help me understand what is meant by job levels 1 - 5 ?
It's a fairly common way to do advancement in large companies, and is usually based on experience. "Software Engineer I" is entry level, "Software Engineer II" has 3 – 5 years of experience, etc.
Re: How Much Should Startup Employees Earn? Wealthfront Tells Us With A Clever Tool
#13Am I reading this wrong - out of 8,000 employees surveyed, no-one had more than 1/10th of 1% of equity. That's a nice pension contribution not an equity share. If you were in facebook at that level, you might get a house. But really why is that level of equity share of any influence in anyone's hiring equation? Or am I missing something?
Equity offers to employees (past, say, the first ten) are usually at joke levels and used to try to negotiate your salary down and prevent you from leaving. Sometimes they'll even throw in a statement about "keeping you connected" or "making sure you're motivated". It's all crap- at best, the money you'll get from it will be equivalent to the bonus you'd get working for a larger company.
Re: How Much Should Startup Employees Earn? Wealthfront Tells Us With A Clever Tool
#14The submission is mostly-useless blog spam around a cool tool: https://blog.wealthfront.com/startup-employee-equity-compens...
Thank you, this makes it a lot easier to select which JavaScript to run. (I needed to enable wealthfront and cloudfront.)
Re: How Much Should Startup Employees Earn? Wealthfront Tells Us With A Clever Tool
#15What a load of crap.
If companies paid that much then unemployment would be next to nil.
Re: How Much Should Startup Employees Earn? Wealthfront Tells Us With A Clever Tool
#16From the actual Wealthfront page:
"I illustrate the importance of growing the size of the pie to one’s share of pie to my entrepreneurship students at the Stanford Graduate School of Business by reminding them of the formula for a circle’s circumference versus its area. The formula for circumference (a proxy for share of pie) is linear (2 πr) vs. the formula for area, which is exponential (πr²)."
It seems to me that the value of growing the size of the pie as well as one's share of the pie is pretty easily understood and not in need of an analogy. But yet, this guy has decided to use one, and it is terrible.
Not only is it quadratic, not exponential (a relatively minor detail), but what on earth, exactly, is the radius meant to represent in this analogy?
Re: How Much Should Startup Employees Earn? Wealthfront Tells Us With A Clever Tool
#17What a load of crap. If companies paid that much then unemployment would be next to nil.
For engineers in Silicon Valley, it very nearly is.
Re: How Much Should Startup Employees Earn? Wealthfront Tells Us With A Clever Tool
#18What a load of crap. If companies paid that much then unemployment would be next to nil.
I don't think unemployment is caused by out of work programmers. It's more the folks who have no or low skill jobs and those effected most by the recession such as construction workers.
It's hard for me to imagine a construction worker being able to transition from the blue collar culture to the white collar culture that most of these jobs fall into.
Again, It's not so much that construction workers are stupid, but if the ones that reroof my apartment are any indication, insulting each others mothers and swinging hammers at each other when one pisses the other one off are standard fair.
Re: How Much Should Startup Employees Earn? Wealthfront Tells Us With A Clever Tool
#19What a load of crap. If companies paid that much then unemployment would be next to nil.
I've noticed you make comments like this every time salaries are mentioned around here, with usually the same reception. You seem to honestly believe what you're saying, and you seem to be genuine when you say that you've observed lots of low salaries in your portion of the industry.
http://news.ycombinator.com/threads?id=dsolomon
But you'd benefit from knowing that it's not like that, pretty much anywhere else in the developed world. Real developers really are making six figure salaries writing code for a living, working 40 hour weeks, no tricks. More important to you, specifically: You could be making six figures as a software developer. You just need to step out of your niche and go find a job for a public sector company.
Given your comment history, I doubt you'll believe me, or any of the others here replying to you, or the dozens of people who have replied to you over the years. But it's true. We look forward to seeing you out here some day.
Re: How Much Should Startup Employees Earn? Wealthfront Tells Us With A Clever Tool
#20This is actually a pretty interesting tool. Not sure how accurate it is, since its telling me I should be making the same salary I've made at large corporations the last two years. Based on the interviewing I've been doing, most of the start-ups around here (Midwest) were offering close to 30-40K less than my corporate gigs.
In SF Bay area, my experience in the last year or so has been that salary comp is pretty much the same between start-ups and big companies, the only exception being super-early-stage startups (i.e. pre-series A) where they really don't have the money yet. The difference is that at bigco, they add bonus and equity grant that have real value, while at startup, they add some % of equity with unknown value. Companies like Amazon and Netflix are also different because they adjust the base salary up to compensate for their different equity award policies.