Earlier quoted context omitted.
I don't know about how Canadian taxes work, but at least in the US, you have to pay taxes on stock you receive, even if they are illiquid (but with stock options, taxation does not occur until you exercise).
It's the same in Canada as far as I understand - but thing is, options aren't compensation unless the business is sold or goes public. Unless I'm misunderstanding something, in which case I'll have to change my mind on this. If I'm issued stock options in a privately held company at $1 per share, and I vest 200, I get $0 (the value hasn't changed since I was issued them). In order for the value to change, the company…
Must-Reads When Recruiting Programmers
11–20 of 24 posts
Re: Must-Reads When Recruiting Programmers
#12Earlier quoted context omitted.
You know, working in Alberta and not being in the oil and gas industry is like being a fish out of water. Companies that are outside the industry really do have a hard time matching compensation. It's a funny situation in a way. The average person within the industry doesn't know how good they have it if they have worked their whole career in oil and gas. Generally people that are outside the industry have a sense of…
I struggle with this - I know exactly the difference between being in the industry vs doing local start-ups. Start-ups are more fun and I can usually forgive the pay inequity (it's about 20-30k per year less in normalized salary). If I could put up with the O&G corporate environment I'd be all over it - but I do prefer natural light in my work environment and an interesting problem domain over a flourescent lit grey…
It's much better to work on contract with the oil and gas firms. In this way you will definitely be in the 100K-180K range (at a minimum). It also offset's the domain issue a bit as you can move around.
Usually the start-ups are working on product that relates to oil and gas anyways.
How do you find these startups?
Re: Must-Reads When Recruiting Programmers
#13Man I wish more employers in my local area (Calgary, Alberta) would read this article: http://www.joelonsoftware.com/articles/fog0000000050.html Every place I interview at thinks: - developers want to work in fishbowls ("fast paced environment") - thinks old/used furniture from the 80's is suitable for developers - assumes we want stock options as compensation (in a "start-up" hell no, give me actual stock or a real…
Re: Must-Reads When Recruiting Programmers
#14Earlier quoted context omitted.
I struggle with this - I know exactly the difference between being in the industry vs doing local start-ups. Start-ups are more fun and I can usually forgive the pay inequity (it's about 20-30k per year less in normalized salary). If I could put up with the O&G corporate environment I'd be all over it - but I do prefer natural light in my work environment and an interesting problem domain over a flourescent lit grey…
Agreed with your sentiments. It's much better to work on contract with the oil and gas firms. In this way you will definitely be in the 100K-180K range (at a minimum). It also offset's the domain issue a bit as you can move around. Usually the start-ups are working on product that relates to oil and gas anyways. How do you find these startups?
Digital Alberta and Pints & Pixels are both good sources for information.
Re: Must-Reads When Recruiting Programmers
#15Earlier quoted context omitted.
It's the same in Canada as far as I understand - but thing is, options aren't compensation unless the business is sold or goes public. Unless I'm misunderstanding something, in which case I'll have to change my mind on this. If I'm issued stock options in a privately held company at $1 per share, and I vest 200, I get $0 (the value hasn't changed since I was issued them). In order for the value to change, the company…
Okay, I misinterpreted "give me actual stock" as preferring stock to options. Your definition of "actual stock" seems to be publicly traded stock.
So the company boasts to me that I have "stock" in the company - I am a "owner" when in reality I'm not at all. I find it disingenuous.
Unless I'm completely misunderstanding this - I can never get a clear answer on any of this stuff.
Re: Must-Reads When Recruiting Programmers
#16* Johanna Rothman's "Hiring Geeks that Fit" (https://leanpub.com/hiringgeeks) does what it says on the tin - her blog is a useful resource too http://www.jrothman.com/blog/htp/
* Andy Lester's "Land the Tech Job You Love" (http://petdance.com/book/) is written for job seeker - but is actually a good read for folk on the recruiting side too [bias warning: I was one of Andy's tech reviewers on this book]
* Lou Adler's "Hire With Your Head" which completely changed my approach to interviewing for the better and made it vastly more effective. His accomplishment based interviewing technique is very effective in my experience.
Re: Must-Reads When Recruiting Programmers
#17Earlier quoted context omitted.
Okay, I misinterpreted "give me actual stock" as preferring stock to options. Your definition of "actual stock" seems to be publicly traded stock.
In a sense yeah. The share option agreements I've seen haven't provided a way to flip the options into proper shares in the company that are under my name. So the company boasts to me that I have "stock" in the company - I am a "owner" when in reality I'm not at all. I find it disingenuous. Unless I'm completely misunderstanding this - I can never get a clear answer on any of this stuff.
Re: Must-Reads When Recruiting Programmers
#18Man I wish more employers in my local area (Calgary, Alberta) would read this article: http://www.joelonsoftware.com/articles/fog0000000050.html Every place I interview at thinks: - developers want to work in fishbowls ("fast paced environment") - thinks old/used furniture from the 80's is suitable for developers - assumes we want stock options as compensation (in a "start-up" hell no, give me actual stock or a real…
I'm thinking of moving to Calgary - I'm currently in Saskatoon. What is a decent price for a developer in Calgary? I'm an iOS dev with 4 years experience (I've worked on about two dozen apps, and have ~10 on the store I've worked on, including 4 of my own). I know of a place that will pay at least starting 70k, it may have gone up since I last checked (I wouldn't guess more than 75). They do also offer bonuses and wh…
If you managed to grab a job working directly for an Oil & Gas dept doing mobile (they exist), you'd be able to command 90k+. Work would likely be boring though - but you'd get impressive bonuses, benefits and other stuff that you'll never find at the mobile agencies that exist in this city. Most of the agencies are marketing houses - development isn't treated as a priority at most of them.
I will tell you this - mobile dev experience (especially iOS) is hard to find in this city - make sure you get as much as you can for your experience level.
Re: Must-Reads When Recruiting Programmers
#19Earlier quoted context omitted.
In a sense yeah. The share option agreements I've seen haven't provided a way to flip the options into proper shares in the company that are under my name. So the company boasts to me that I have "stock" in the company - I am a "owner" when in reality I'm not at all. I find it disingenuous. Unless I'm completely misunderstanding this - I can never get a clear answer on any of this stuff.
You seem confused. Private companies don't have any liquid stock to give. Options aren't the issue, just subtract salary minus share price and taxes to get net.
My point is that local start-ups are misrepresenting share options as "stock" in the company, telling me I have ownership when in fact I do not.
And they use this notion that I am a "owner" to extract far more then the 40 hours per week I'm contracted to do (it's "start-up culture" after all). I like the work and problems that start-up's tend to focus on, but the way it gets represented here is a joke to professionals.
Re: Must-Reads When Recruiting Programmers
#20Earlier quoted context omitted.
I'm thinking of moving to Calgary - I'm currently in Saskatoon. What is a decent price for a developer in Calgary? I'm an iOS dev with 4 years experience (I've worked on about two dozen apps, and have ~10 on the store I've worked on, including 4 of my own). I know of a place that will pay at least starting 70k, it may have gone up since I last checked (I wouldn't guess more than 75). They do also offer bonuses and wh…
Is 4 years your sum total? If so, 70k is fantastic in Calgary for that experience. Plus, depending on your needs/wants, 70k (without huge consumer debt) is enough to live quite nicely in Calgary right now. If you managed to grab a job working directly for an Oil & Gas dept doing mobile (they exist), you'd be able to command 90k+. Work would likely be boring though - but you'd get impressive bonuses, benefits and othe…