Earlier quoted context omitted.
Google was just a proxy for software engineering employers who pay well. Microsoft, Facebook, Amazon all pay similarly. So do a number of other companies. The finance corps in NYC probably do too, but I wouldn't really want to work there either from what I've heard. Regardless, I certainly would not encourage you or anyone else to leave a job they love if it pays them an amount they are happy with. Going to Google or…
It's good to keep in mind that "software engineering employers who pay well" don't necessarily pay everyone that well, or even most of their employees. My guess is that very few Googlers get that mystical $200K (although no doubt someone will reply here with an example to "prove" me wrong). Always comparing your salary (or as a business owner, what you offer your employees) to what Google pays the top 0.1% of their t…
Salary transparency at Stack Overflow
221–230 of 295 posts
Re: Salary transparency at Stack Overflow
#222Earlier quoted context omitted.
In the US at least (I can't speak for elsewhere), preventing this is illegal. Companies discourage it through various ways and it's practically an embedded culture thing at this point throughout the country. But: you cannot legally prevent it. The National Labor Relations Act of 1935 is what you're looking for here - it provides employee protections for such discussions.
Yeah, it's interesting. They can't prevent it, but if you do it, you can guarantee you'll be fired. They'll just eliminate your position for some other reason.
Re: Salary transparency at Stack Overflow
#223A couple of things that stood out. 1) I'd imagine stock options are part of the job, but I don't see that anywhere. Do new employee's get stock options? I'm guessing they keep this hidden as it allows them a bit more flexibility on offering signing bonuses to entice employee's they want to hire? 2) I don't see any section for bonus on the calculator. Do stackoverflow employee's not get bonuses? 3) Why are years of ex…
My company has transparent salaries since the beginning 14 years ago. Funnily, in the words of one of the co-founders, it's more a mere accident than a clear will from the beginning : "we did not really plan it that way, but back then, it was easier to let the document listing the salaries open for everyone than restricting its access to a few persons" and they decided to keep it that way ever since :) We always ask…
That sounds absolutely awful.
Re: Salary transparency at Stack Overflow
#224As someone in recruiting and hiring, I love the concept of salary transparency on many levels, and I hope more companies at least make attempts like this to provide insight. That said, salary ranges and transparency can create two obvious issues. 1. Negotiations - I can tell you from vast past experience that when you tell an applicant "the salary range for this position is 80-100K", in almost every case any offer be…
"2. Internal employees - Stack Overflow said this has been available internally for a bit, but when employees find out what others are making they are inclined to compare their own efforts/abilities vs others. It can lead to people either asking for raises to match their co-workers, or perhaps feeling slighted and seeking other employers." One nice thing about being transparent and consistent with salaries is that yo…
Re: Salary transparency at Stack Overflow
#225TIL I'm very glad I don't work for Stack Overflow and feel very bad for the underpaid devs who do. Apparently, with only 5 years experience, my salary has eclipsed a maxed out 25 year veteran of "5" skill. Not to mention my salary is only about half of my total compensation. I don't say this to brag, but to help raise awareness to the underpaid devs out there. You have to stand up for yourself, realize your value and…
Why? because a software developer will say, 'Wow, I can get paid that much for doing something that I love? Sure!', and they'll take whatever they're given.
But, ask yourself, do you think the person in sales does the same thing? The person in finance or marketing?
Look, you don't need to be a world-class developer to make $200k / year. You just have to be 1% better than the developer making $190k / year.
As a baseline, a typical services / contracting company will bill a senior developer at $190 / hour. The math is straight-forward.
This works for product companies, as well. You and your 20-person engineering team build a product that ends up being worth $100M? (completely realistic, btw) Yeah, even at paying $200k / year, the company and investors are making out.
It's funny, actually. For all of the software people that I know who are self-described libertarians, when it comes to their salary they are willing to lean socialist.
Re: Salary transparency at Stack Overflow
#226Earlier quoted context omitted.
Google was just a proxy for software engineering employers who pay well. Microsoft, Facebook, Amazon all pay similarly. So do a number of other companies. The finance corps in NYC probably do too, but I wouldn't really want to work there either from what I've heard. Regardless, I certainly would not encourage you or anyone else to leave a job they love if it pays them an amount they are happy with. Going to Google or…
It's good to keep in mind that "software engineering employers who pay well" don't necessarily pay everyone that well, or even most of their employees. My guess is that very few Googlers get that mystical $200K (although no doubt someone will reply here with an example to "prove" me wrong). Always comparing your salary (or as a business owner, what you offer your employees) to what Google pays the top 0.1% of their t…
To put it in perspective, I earned a base salary in the very high $100K's when working for a large education company in Boston, having only 3.5 years of experience at the time.
The cost of living in New York is something like 30% higher than Boston, so before I would even consider any job in New York at all, even just to keep my wage at the same level relative to cost of living, you're talking about a salary certainly above $200k. Sure, places are free to dupe youngsters who just think it's cool to live in NY and are happy to take a discounted salary in order to get that personally-valued benefit. But a lot of thoughtful people who would make great employees for you won't do that -- won't even consider your job at all or do any of the hiring process unless they know it at minimum offers them a pay level that keeps their quality of life consistent. Otherwise they'll just stay where they are, or they'll work in some different geographic area where the pay isn't so distorted from the true cost of living as in New York.
I do love all the work that Stack Exchange does to keep using fully private offices though. Despite disagreeing with the salary levels, I would still say Stack Exchange is one of the best organizations around purely because it's like the last bastion of hope that we might move away from the demonstrably unhealthy dystopia of open-plan office madness, and further because they're in Manhattan, they help eliminate the demonstrably incorrect claim that a lot of places make, which is the excuse that they need open-plan offices because of real estate costs.
Re: Salary transparency at Stack Overflow
#227TIL I'm very glad I don't work for Stack Overflow and feel very bad for the underpaid devs who do. Apparently, with only 5 years experience, my salary has eclipsed a maxed out 25 year veteran of "5" skill. Not to mention my salary is only about half of my total compensation. I don't say this to brag, but to help raise awareness to the underpaid devs out there. You have to stand up for yourself, realize your value and…
Re: Salary transparency at Stack Overflow
#228Earlier quoted context omitted.
SO is based in NYC, right? Do you not have trouble retaining local devs there on these salaries? Or do you just have no one who actually lives and works in NYC?
A majority of our technical team (around ⅔) are remote, so the HQ in NYC is not the center of gravity that one might assume. Also the NYC office has chefs, so. ;)
I've worked at and interviewed with companies that had fringe benefits like this before and always found it off-putting. I'm a grown human mammal -- getting food for myself is my job, not your job as my employer. If you want to be nice enough to do that because you think it makes me happy, or it is kind, or it boosts productivity, or it subtly manipulates me into staying at the office later or something, that's all fine -- but then it should have no bearing on what compensation I'm paid, and should not function as either an incentive nor a disincentive to work for you.
But it tends to always be presented like this. It's asymmetric. The employee is asked to essentially forsake income they would have otherwise gotten for a short-term benefit that has no guarantee of continuing in the future nor converting into cash if it's discontinued. It just strikes me as paternalistic (good ol' papa company is taking care of you, heh heh heh) and a little inconsiderate -- masked with some veneer that actually it's supposed to be considerate.
Totally as an aside to my points above, as a vegan whose primary hobby is cooking, I never much enjoy chef-prepared company food anyway, even when vegan options are available. I strongly prefer to cook everything I eat for myself, and so I would simply be paid less than other employees who are paid their salary and are paid via the food benefit that does work with their dietary choices.
Of course, because of the low-status nature of being vegan and the one-sidedness of job interviews (e.g. you can't raise an ethical question like this with HR thinking uh oh this guy's some kind of ethical hard ass who won't be pliable, abort, abort), I unfortunately have to stay quiet about my true feelings about this kind of thing, even though it matters to me a lot.
Re: Salary transparency at Stack Overflow
#229Maybe I'm the type of candidate they are trying to weed out, but I'm not looking for like 300k or something. Just market rate for my skills. I've got a family and it's expensive to live in the nyc area
Re: Salary transparency at Stack Overflow
#230This data actually has the impact of me not applying for a job. I'm thinking of looking around - been at my current gig as a senior engineer for years and I have about 15 years experience. But at my current comp at a major Corp in nyc, I'd need to make about $225k minimum before stock options (including perks mentioned in a comment here ) to switch. I'm not a manager just a senior dev. Maybe I'm the type of candidate…
Why isn't it the case that you base your salaries against every other place in the world trying to hire the same people you are? It's not defensible to say, well we pay $130k for that kind of developer because AZ companies also pay in that range, and so does Blue Apron, ENSO Financial, and Spotify (or whomever). That's silly. Because DE Shaw, Google, Coatue, Two Sigma, Comcast, Capital One, Amazon, Facebook, or a host of others might be willing to hire that same developer for that same type of role with similar benefits and they are certainly paying more than this.
You're always competing for talent against anyone else trying to hire the same people. Not against one particular niche set of companies who are similar to you in some superficial on-paper ways. That just seems like a very unfortunate way of determining what their idea of a "market rate" is.