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Employers bow to tech workers in hottest job market since the dot-com era

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Re: Employers bow to tech workers in hottest job market since the dot-com era

#161

Earlier quoted context omitted.

Canada. Am regularly bombarded with recruiters, although mostly for the US market.

are they all wanting your to lift-and-shift your life to US? or are they Remote positions

Half and half. A pile of them are for Kaiser, so I assume that is some high turnover pit.

I haven’t been actively following up through to figure out which ones are permanently remote.

Re: Employers bow to tech workers in hottest job market since the dot-com era

#162

Earlier quoted context omitted.

I see a ton of jobs posted for seniors right now but almost none for juniors. Are companies being shy about talent risks right now?

My experience is that this is an ongoing problem. For years there have been relatively few junior positions. No company wants to train people.

You need senior engineers in order to scale training people, so it's a catch-22.

Re: Employers bow to tech workers in hottest job market since the dot-com era

#163

I hate that the market is so great right now because I really can’t take advantage of it. I would love to start the process, to try and get a salary increase anywhere from 30%-100% but unfortunately I’ve stagnated sharply skills wise. Don’t qualify for the jobs I see I think I’d enjoy, and don’t even qualify for the jobs that meet my salary preferences that I’d otherwise dislike. I also would have to be looking at im…

Meh, honestly just shoot for it. The worst they can say is no, and a lot of job reqs are just long wishlists anyways. Hell, pick a dumb company you'll never want to work for, like Uber, if you want real-world practice. Then you at least know what real-world failure looks like.

I'm back in the job market and it doesn't even seem like HR has a clue what programmers do. My favorite was: "Must be fluent in: C#, .NET, and .NET Framework..."

Re: Employers bow to tech workers in hottest job market since the dot-com era

#164
post #156

I hate that the market is so great right now because I really can’t take advantage of it. I would love to start the process, to try and get a salary increase anywhere from 30%-100% but unfortunately I’ve stagnated sharply skills wise. Don’t qualify for the jobs I see I think I’d enjoy, and don’t even qualify for the jobs that meet my salary preferences that I’d otherwise dislike. I also would have to be looking at im…

> I’ve stagnated sharply skills wise I'm sorry, but what does this even mean? Nothing has changed in a significant way since 1996, other than ops per second and memory bandwidth. If you're an old school C programmer who knows how pointer arithmetic and memory allocation works, you're better than 99% of the total trash new-school Node.js/Django/Rails/React developers who think JSX is some sort of "innovation". Having…

Hey, by stagnating I mean I’ve barely written code in over a year, and haven’t done any significant greenfield work my whole career. The work I have done has been mostly in legacy or obsolete technologies, and by that I mean mostly old version of stuff that’s still out there.

So by stagnating I don’t only mean not up on all the new hype tech, but also the caricature of a “code monkey”. Certainly on paper at least.

> you're not going to agitate for infecting my systems with Kubernetes specifically because I now need to orchestrate ten times more production machines to run the ensuing inefficient bloatware.

Sadly this seems to be the sort of thing that most employers want.

Re: Employers bow to tech workers in hottest job market since the dot-com era

#165

Here are some "dot-com era" flashbacks from a veteran greybeard: Near the end of 1999, I moved from SV to smaller hot tech market with more affordable housing. I moved totally cold with no contacts or job lined up. The week after I arrived, I had 3 job offers. I picked the smallest web tech startup. After a couple months they got acquired by a SV megacorp and I was pissed! I wanted nothing to do with being a small fi…

The thing about the .com crash is all the investors were mainly right, besides some ridiculous things. They were just too early as the web didn’t have critical mass until 10 years later and today’s web makes the one of 10 years ago appear quaint. Because of that critical mass I think a similar crash is unlikely across the entire sector.

Re: Employers bow to tech workers in hottest job market since the dot-com era

#166

I can't help but feel I know a lot of people this article refers to. I've worked at some great companies with some great people and I certainly will again in the future. But my experience also contains burnout amounts of internal politics, radioactive code, Kylo Rens, "I'm just the ideas guy", et cetera. People love to glamorize it with foozeball tables and free pop machines, but in the end it's pretty stressful work…

As someone who's been shot at and had people try to blow him up, I question how frequently the PTSD label is given out by therapists these days.

It isn't helpful to engage in one-upmanship when it comes to people's individual trauma. It's alright for people to share their suffering and receive compassion without having experienced the absolute worst possible torture.

Re: Employers bow to tech workers in hottest job market since the dot-com era

#167
post #4

Even if you think you’re well paid, now is the time to look around. I’ve had a lot of friends, mentees, and coworkers get huge bumps on total compensation even as relatively senior engineers and managers. Pay is jumping and companies aren’t doing a great job keeping that up for their people who have been around for a few years. As an employer, that should be the top worry, keep comp up, don’t lose your people because…

Non-paywall please

Re: Employers bow to tech workers in hottest job market since the dot-com era

#168

Earlier quoted context omitted.

> What sort of software do you have to be writing besides magic money printing machines for it to be worth that amount of money? My understanding is that you have to get into FAANG or be in certain roles at certain HFT firms. I’m also pretty sure these are TC numbers are large chunks of those numbers are stock options.

Even in FAANG I have a hard time understanding how any developer is worth that amount of money though. I know a solid number of FAANG and ex-FAANG devs -- the stuff they work on (from what I've heard) isn't much different from the sorts of software I assume most people in SaaS startups work on. Outside of scale (which is significant). A lot of it is internal tooling though, which never hits absurd amounts of scale. I…

I think with FAANG it’s mostly just down to them having insane valuation and being able to give out those stock options. The base salaries don’t seem particularly high, until maybe the highest levels.

Re: Employers bow to tech workers in hottest job market since the dot-com era

#169
post #89

Earlier quoted context omitted.

This negotiation tactic works fine if you don't have to do full day coding challenges to get to that phase, while also working a full time job.

I think just the opposite: the best time to pounce on them with salary expectations is as late as possible, after they've already invested the interview time on you and seen you excel.

If they already have their budget in mind before the interview process began, it won't buy you any leverage waiting until the very end. They won't care that they burnt the money/time/energy considering your candidacy, even if that costs them more in the long run.

I've ended up wasting a lot of my own time with this strategy. I'll get to the point where they want to extend an offer, I name my number, and then we have an awkward 15 minutes on the phone (e.g., "the VP couldn't ever approve that amount") and then I say I'm not interested 24 hours later.

Re: Employers bow to tech workers in hottest job market since the dot-com era

#170

Earlier quoted context omitted.

On the flip side - I tell recruiters immediately they have to AT LEAST match my current comp. Every single one of them so far has said they can't even get close. If you work at FAANG - your RSUs (most likely) have doubled in about a year. You could easily already be getting paid more than the max offer for the level above where you're currently at.

Even leaving aside golden handcuffs the number of companies paying top of market seems relatively small. That’s especially true once you get past entry level positions.

I feel the opposite. A decade ago, it was pretty much Google, Facebook, and some elite trading firms that could pay a ton. Now so many startups have grown up, there’s a huge list of them on levels.FYI that will pay 400k+ for senior and 600k+ for staff. I recently have interviewed for a ton and got rejected a bunch, but I joked with my spouse that there’s so many that by the time you’re done interviewing at all of them you’ve “cooled off” at the original one and can re-interview, so there’s an “infinite loop” of 500k opportunities for experienced SWEs. Despite 90% interview fail, I just accepted a 500k all-liquid offer- despite me not even being at staff level at the company. Hard to say that’s not top of market, and it’s not at a FAANG either.

FAANG is also a horrible acronym for the top paying companies since two of those companies don’t even pay that well. Companies like Airbnb, Pinterest, Lyft, LinkedIn and many others will outpay FAANG companies and their equity is fully liquid.

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