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Developer won’t get hit by a bus, they’ll get hired by Netflix

neomindlabs.com

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Re: Developer won’t get hit by a bus, they’ll get hired by Netflix

#361

Post by jdmichal »

ghaff wrote: post #347
jdmichal wrote: post #337

Earlier quoted context omitted.

Agreed. A rich, independently-wealthy asshole. But there's also a difference between my moral judgements and my preparations. I can hope someone won't be an asshole, but I will prepare for it.

Sure. And again this comes back to the bus factor. If someone disappears off the face of the earth for whatever reason that will hopefully not precipitate a major crisis at any company with more than a handful of people.

I never said anything otherwise? I'm unsure what you're trying to get at. Are we just agreeing with different words?

Re: Developer won’t get hit by a bus, they’ll get hired by Netflix

#362

Post by lallysingh »

roland35 wrote: post #11

FAANG companies can certainly offer more money, but there are lots of things other companies can offer too (besides Ruby on Rails apparently). - ownership of the product and process - less red tape and politics - good work life balance - location other than Silicon Valley - boss who pays attention to engineer needs and wants Money is a huge factor but it isn't the only one!

The three biggest ones are people, scope of work, and future career potential.

Re: Developer won’t get hit by a bus, they’ll get hired by Netflix

#363

Post by JoshTriplett »

notJim wrote: post #289
JoshTriplett wrote: post #148

Earlier quoted context omitted.

It's really a thing, and it isn't just in the valley. You can find salaries like that in Silicon Forest, too. More than half of it will be stock and bonuses. You're in a lower cost-of-living location, and one where there's less competition; employers don't pay as much there because they don't have to. That said, if you like where you are, you might start by looking for remote work that pays better (from companies tha…

Are there companies paying like this around Portland? Obviously there are in Seattle. I'm in Portland and working remotely, but it would be nice to have more options. I have a friend who was talking to Puppet, and it sounded like their salaries were pretty low (by these standards.)

Some, yes. (Leaving aside that Google has an office, there are other companies paying that as well, just as there are in Seattle.)

Re: Developer won’t get hit by a bus, they’ll get hired by Netflix

#364

Post by cptskippy »

Spooky23 wrote: post #302
FartyMcFarter wrote: post #176

Earlier quoted context omitted.

> If Google is willing to pay 200k above market rate This is not possible according to the usual definition of "market rate". If Google is willing to pay X, that is the market rate.

The law defines practices that, while they happen in a marketplace, are anti-competitive and thus problematic. It is not anti-competitive to own the gas station next to the airport and charge a premium for gas. It is anti-competitive to buy out surrounding gas stations and close them to extract higher prices, or to conspire with competing stations to coordinate pricing. Single-firm anticompetitive behavior, as define…

That's in relation to creating artificial scarcity of a product or controlling supply.

Staff aren't a product or commodity.

Re: Developer won’t get hit by a bus, they’ll get hired by Netflix

#365

Post by throwawaygh »

thomascgalvin wrote: post #93
cptskippy wrote: post #64

Earlier quoted context omitted.

> I really wish we'd stop using the word "poach". It's intentional language used by employers because it has preconceived notions and they succinctly communicate a story that benefits the employer. When you hear poached, you think illegal and victims. It makes you think that the employer has been wronged in some way and that the employee was both participatory in something illegal or at least underhanded and at the s…

> The reality is that the employee was being taken advantage of by the employer and received an offer more closely aligned with their actual value. In the vast majority of cases, I agree. If someone is working at CompuTech for $100K per year, and gets an offer from TechuComp for $110K per year, that's market forces working in favor of the developer. This is a good thing. But there is the possibility for entities the…

By the same argument, Computech's sky-high $100K salaries deny k12 access to good stem teachers whose districts can only afford $40K/yr...

Re: Developer won’t get hit by a bus, they’ll get hired by Netflix

#366

Post by a1369209993 »

whatshisface wrote: post #261
mhaberl wrote: post #226

Earlier quoted context omitted.

You can view this issue from another standpoint. Imagine some market where 10 companies sell bread and it costs $5. And lets assume that the costs are $4 and $1 is profit. Then comes a company that makes its money on selling water and it is doing very well. It comes to a bread market and starts selling bread for $3. The competition is quickly destroyed and the bread prices rise. Edit: as a sibling comment mentioned:…

Google buys labor using the proceeds from the stuff they assign the labor to do. Their money does not come from a second market unrelated to programmers. Even if you flipped buyers and sellers your analogy would be inapplicable.

> Their money does not come from a second market unrelated to [those] programmers.

Yes it does: Google makes money from advertising, not from self-driving cars.

Re: Developer won’t get hit by a bus, they’ll get hired by Netflix

#367

Post by giantg2 »

three_seagrass wrote: post #222
giantg2 wrote: post #117

Earlier quoted context omitted.

Well... your current employer might let you go or freeze your upward mobility if they find out you are looking at other jobs. I've even seen this internally. If I want to go to another team, why would my manager use their budget or political influence to promote me when they can use it on someone who is staying on their team.

This is why you do not tell your manager until it's decided, or it's so far along that they're needed as a reference. In a perfect world, your manager should not care and your company should not treat you any differently for looking, but this is rarely the case.

Externally, I agree. On a side note, my company will not provide references when you leave and forbids managers from providing any references.

At my company, internal postings notify your manager when you apply, so there's no avoiding it. It's generally better to talk to them first so they aren't blindsided by the posting. Otherwise, if you don't get the new position that could create some friction with the existing one. My company can also trap you in your current position if they designate you as a "key resource".

Re: Developer won’t get hit by a bus, they’ll get hired by Netflix

#368

Post by opportune »

naveen99 wrote: post #41
fizwhiz wrote: post #30

Earlier quoted context omitted.

> Are $500k+ yearly salaries in SV really that usual? Salaries? Not at all. Total compensation? Well, it depends. Software engineers with * Salary * Bonus (anywhere between 15-25% of salary) * Initial grant that vests over 3-4yrs * Stock "refreshers" that you get annually * General equity appreciation due to a bull market For senior engineers, the equity portion of their compensation far outweighs their salary.

I wouldn't count the equity appreciation as compensation. you already own the capital, its your own capital gain, not income from employer at that point.

You actually do not own the capital until it vests, and the amount that vests (which could have greatly appreciated) is all taxed as income.

Re: Developer won’t get hit by a bus, they’ll get hired by Netflix

#370

Post by dpeck »

hinkley wrote: post #340
khalilravanna wrote: post #214

Earlier quoted context omitted.

Yes: https://www.levels.fyi/

See, I always have trouble with 'stock'. I need more details. Is it a stock grant, or an option grant? Because with a publicly traded company, they'll let anyone buy options. The difference is that I don't have to wait 2 years, but I also don't get to wait three years if things aren't great at 2.

It’s a grant. You’re given $x value of stock (say $100k). It vests, meaning you can do with what you want, usually at 25% per year, often with a cliff at 1 year and then quarterly/monthly after that.

You may have restrictions on when you can sell depending on your position in the company and other rules.

But that mostly sums it up at a high level.

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