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Software engineering job openings hit five-year low?

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Re: Software engineering job openings hit five-year low?

#151
post #105

Earlier quoted context omitted.

Dev costs are around 40-45 USD per hour for a lower average in Ukraine. Annual salary would be closer to 90K.

That's right. 90k is the correct value for a mid-level (real, productive) developer across Europe. 40-50k is possible, but for entry-level positions.

If you look at engineering salaries in Germany, 90-100k is what you pay for a senior engineer or PM, not a mid-level one.

Re: Software engineering job openings hit five-year low?

#152
post #85

Earlier quoted context omitted.

> And now since WFH has become the norm in the US, employers are realizing there’s no need to pay to keep employees in the U.S. and outsourcing to significantly cheaper locations instead. “Whoa we can do this cheaper in another country???” is not a new phenomenon. Companies have been trying to do this for literally decades at this point. The reason so many jobs still exist in the US is because it doesn’t end up worki…

The work force abroad has caught up a lot though. Online learning has made it much easier to improve skills and their English has also improved. And since everyone has become more used to remote work, communication is also much better now. One reason a lot of outsourcing efforts in the early 90s failed was also because the Indian teams weren't properly kept in the loop.

I’m talking about the 2000s and 2010s though.

Re: Software engineering job openings hit five-year low?

#153

Kind of strange to see no mention of outsourcing in an otherwise detailed analysis

Our company just let go of all our remote LATAM hires. We paid high end in their LCOL areas. They were somewhere between ok and not good. Felt like we got about what we paid for - their cost was about 50% of a US dev. They were as productive as a low end US dev, so in some cases ok value but since hiring low performers tends to hurt a team overall they weren’t worth it. We’re a mid range company (decent cash comp, no…

As a Brazilian dev living in Europe, one thing people just don't get about offshoring is that good devs have options, even in poorer countries. Companies offshoring usually offshore crappy projects, crappy projects attract bad talent.

Also really top devs (at least in Brazil) can make more than 50k USD per year (fluctuates widely based on exchange rates) at Brazilian companies, it is cheaper than US but the tail-end of talent can still be expensive.

If you really want to attract good devs in cheaper areas the best way is to just open a branch of your office there, pay top-salary and don't just use it a dump ground for the projects no one at home wants to take. So treat them the same as at home. I had a roommate who worked in one of those companies that take offshoring projects, lets just say it is not the best talent pool and the good devs there leave fast.

Re: Software engineering job openings hit five-year low?

#154
post #36

Earlier quoted context omitted.

Only for information available on the Internet…

Which is most information...

Why do you think that? I collect books, mainly published from 1850s to 1980s, and it's not uncommon that they only occur in library listings and sometimes Goodreads when I search for information about their authors and history. This holds for some english language literature as well, but more so for books in other languages.

The Internet is basically a young, small portion of writings in english, as far as I can tell.

Re: Software engineering job openings hit five-year low?

#156
post #151
post #105

Earlier quoted context omitted.

That's right. 90k is the correct value for a mid-level (real, productive) developer across Europe. 40-50k is possible, but for entry-level positions.

If you look at engineering salaries in Germany, 90-100k is what you pay for a senior engineer or PM, not a mid-level one.

Salary is not the same as paying a contractor. So, while salaries for senior engineers is 100k, as a contractor they might be charging 150K per year ($75/hr).

Re: Software engineering job openings hit five-year low?

#157
post #105

Earlier quoted context omitted.

Dev costs are around 40-45 USD per hour for a lower average in Ukraine. Annual salary would be closer to 90K.

That's right. 90k is the correct value for a mid-level (real, productive) developer across Europe. 40-50k is possible, but for entry-level positions.

Is this the thing where the 99th percentile people somehow think they're the average? I see that a lot on Reddit for some reason.

Re: Software engineering job openings hit five-year low?

#158

The charts show software dev gaining more jobs under the COVID demand and stimulus swing, and then losing more as those went away and monetary policy got tighter than even it had been even before the COVID stimulus. The easiest explanation for the whole chart is "Software dev is more reactive to the monetary policy environment than most other industries, because more of it is funded by new capital investment -- wheth…

Or, to put it in another way, the amplitude of the pork cycle (https://en.wikipedia.org/wiki/Pork_cycle) is higher for software developers than for other jobs.

Re: Software engineering job openings hit five-year low?

#159
post #121

Earlier quoted context omitted.

Incidentally 80-90k is pretty normal pay in Europe too. High, even, for southern Europe.

Currently the going annual salary for a senior developer in Bulgaria (Eastern Europe) is somewhere between EUR 50k - 75 EUR net, with 25-30 days of paid time off. The gross will be about 25% more (income tax is 10%, social security around 40%, but there is a cap on the salary base, so effectively it is less). For freelance senior developer, the (B2B) daily rate is in the range EUR 350 to EUR 550, depending on the tec…

Wow, income tax seems to be pretty low in Bulgaria compared to other European countries?

For 50k net per year, or ~4k per month, in most other countries you need to earn ~80k EUR per year (gross). In Bulgaria, you need ~57k EUR.

For 75k net per year, or ~6k per month, in most other countries you need to earn ~130k EUR per year (gross). In Bulgaria, you need ~85k EUR.

Go figure, these are really large differences and that very well might be the reason why we see a lot of big companies there. Tax is unusually low.

Re: Software engineering job openings hit five-year low?

#160
post #81

Earlier quoted context omitted.

I would think $40k-$50k

Dev costs are around 40-45 USD per hour for a lower average in Ukraine. Annual salary would be closer to 90K.

Is that 90k the "lower average"? In Ukraine? I find that very hard to believe. Even here in Czechia that would put you firmly in the top 5 %. I don't think I personally know more than 2 people who make anything like that, and one of them isn't even in IT.
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