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

latimes.com

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

#431

Post by wyclif »

bittercynic wrote: post #319
warent wrote: post #92

Earlier quoted context omitted.

These days I just immediately turn those down without a second thought. It's a joke of an interviewing system and your time is way too valuable for that. Happy to do coding questions, but not 8 hour long take-home projects. Those have screwed me too many times

Could those long coding projects be a strategy to force you into sinking so much effort into the process that you're now in a weak negotiating position due to the sunk cost? I admit I'm speaking from ignorance here, and am only curious to gain more insight into this.

Could those long coding projects be a strategy to force you into sinking so much effort into the process that you're now in a weak negotiating position due to the sunk cost?

Yes, absolutely they can! And almost nobody talks about this. Most of the conversation about take-home projects surrounds cost/benefit ratio, but almost never as a negotiating tactic and sunk costs.

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

#432

Post by aleksiy »

leratrace wrote: post #401
aleksiy wrote: post #397

Earlier quoted context omitted.

My lowest offers where 120k CAD Base, 100k USD in options. My best two offers: 200k CAD Base, 390k USD RSU /4 years, 20k CAD Sign on 200k CAD Base, 330k USD in Options / 4 years, 20k CAD Sign on I'm also still waiting on some numbers from Google Canada but I doubt they will match.

mind naming some of those high-paying ones in Canada? I'll be shopping soon and curious. edit: also in Van.

Wish is one. Though I'm not a big fan of their product.

The other is a Series D startup based in SF

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

#433

Post by zz865 »

boring_twenties wrote: post #357
nythrowaway wrote: post #325

What does this mean on a real world level in NYC? Can anyone offer 350+ to 15+ YOE in NYC besides FAANG. 4 years ago I interviewed and failed 6/6 design and 4/6 leetcode (passed lyft and fb leetcode). 4 years ago I studied about 50-100 LC and did a design review class to get that far . I’m much better at design but couldn’t pass 5 hard LC. I’ve got a family and with work it’s a lot to do that much studying every day…

Financial firms, especially anything related to automated trading.

I'm working in sell side banks and $200k base is pretty much top for VP you'll see. Bonuses are not significant any more. The exception is if you're a strat with lots of market knowledge you could hit that 350 TC but you'd need lots of industry experience.

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

#434

Post by TedDoesntTalk »

handrous wrote: post #294
TedDoesntTalk wrote: post #172

Earlier quoted context omitted.

> a lot of times they ask about old pay Been in the industry 25 years and never once agreed to disclose my previous pay. Don’t do it. Ever. It’s none of their business and will only be used against you.

They can just get it through a one of the many private spy/surveillance agencies (one of the credit bureaus, for instance) if they really care.

Credit bureaus do not know your salary unless you’ve reported it to them (and why would you do that?)

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

#435

Post by hinoki »

onlyrealcuzzo wrote: post #237
varjag wrote: post #179

Earlier quoted context omitted.

FAANG outside of USA/SV is basically any other tech company, this is not surprising.

My understanding is that FAANG pays very well in India and Japan and Canada. Is this not true?

Salaries in Japan are 65-70% of SF Bay Area (for FAANG, local is much worse)

London, U.K. is about the same as Japan. I don’t have experience with India, and my knowledge of Canada is too far out of date to be useful.

All those salaries are very good for the local market, but are also much lower than SF.

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

#436

Post by ogennadi »

ProjectArcturis wrote: post #10

My personal experience has been quite different. I got a bit burned out on my job and sent in my resume to 10 new places. All remote, some a bit of a stretch, others I was well qualified for. (Data science management and senior DS IC, respectively). I got zero hits. Not a single phone screen. Honestly I was pretty lazy about it, and didn't write cover letters or anything. That might be a contributing factor. That, or…

I have a similar experience with a twist. I rarely even get called for jobs I apply for, but by setting my LinkedIn profile to the equivalent of "Actively hunting," I get lots of calls by recruiters. Again, they call about positions that I'd NOT apply to but hey, they still pay well. And they're remote.

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

#437

Post by wyclif »

TedDoesntTalk wrote: post #183
yellow_lead wrote: post #73

Earlier quoted context omitted.

Some of these bans only affect state agencies, the city, or special cases.

Even if a company asks, you can say no. I’ve never revealed this info and never will. You are giving them a free negotiating card. It doesn’t serve your interests at all.

Agreed. It doesn't matter at all if asking is banned. Just learn how to talk around the question (not difficult), and always refuse to reveal previous salary.

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

#438

Post by boring_twenties »

zz865 wrote: post #433
boring_twenties wrote: post #357

Earlier quoted context omitted.

Financial firms, especially anything related to automated trading.

I'm working in sell side banks and $200k base is pretty much top for VP you'll see. Bonuses are not significant any more. The exception is if you're a strat with lots of market knowledge you could hit that 350 TC but you'd need lots of industry experience.

Most people I know in the industry are making 200-250 base plus another 200-300 bonus.

One just got an offer for 200 base + 150 bonus and that is to work 100% from home far away from NYC (for an NYC-based firm).

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

#439

Post by cmrdporcupine »

lazypenguin wrote: post #3
derwiki wrote: post #2

> But now, these technical interviews are often being waived Huh? First I’ve heard of that

Yes this was not my experience in recent interviews (past few weeks). I suspect that maybe this is only the case for the select few with “gold-plated” credentials (I.E. FAANG on the resume).

I have coming up on 10 years at Google, and a 20 year career total, and the few times I've dipped my toes into the interview water in the last couple years I've pulled it out promptly after being told I'd have to do one of these "leetcode" style interviews.

I won't do them. Not worth the stress, I already get paid handsomely and treated with respect. If I'm going to go somewhere else it will because it's less stress or more interesting, and I expect I will get paid less anyways. So jumping through hoops and practicing skill testing algorithm stuff and coding on a whiteboard in front of some disinterested arrogant 20-something-year-old... Not going to happen :-)

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

#440

Post by zz865 »

boring_twenties wrote: post #438
zz865 wrote: post #433

Earlier quoted context omitted.

I'm working in sell side banks and $200k base is pretty much top for VP you'll see. Bonuses are not significant any more. The exception is if you're a strat with lots of market knowledge you could hit that 350 TC but you'd need lots of industry experience.

Most people I know in the industry are making 200-250 base plus another 200-300 bonus. One just got an offer for 200 base + 150 bonus and that is to work 100% from home far away from NYC (for an NYC-based firm).

Nice, is that sell side or buy side?
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