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Tech compensation in 2021

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Re: Tech compensation in 2021

#541

Post by rgrmrts »

the_only_law wrote: post #306
rgrmrts wrote: post #133

Earlier quoted context omitted.

Some big tech company salaries are higher than equivalent hedge funds salaries. Also, work life balance is better. I know some folks more senior than me at top hedgefunds making less than I am.

> I know some folks more senior than me at top hedgefunds making less than I am. Where is the money in hedge funds? I look at salaries on glass door i nuthatch industry and even the highest are pretty disappointing.

I think it’s really only the executives or hedge fund managers making the real money

Re: Tech compensation in 2021

#542

Post by lotsofpulp »

mkhpalm wrote: post #407

If you're offering fabulous compensation packages that exceed the President of the United States for common software engineers with a little experience... wouldn't you want to use that to your advantage in your job postings? Every time I read an article like this I go looking for official numbers to validate what is being said. I'm not saying companies compensate poorly in SV. I just find it difficult to differentiat…

> If you're offering fabulous compensation packages that exceed the President of the United States for common software engineers with a little experience... wouldn't you want to use that to your advantage in your job postings?

The US President earns millions per year in total compensation. You cannot ignore all the post employment benefits, least of all the $200k+ inflation adjusted per year annuity.

Re: Tech compensation in 2021

#543

Post by Strom »

KronisLV wrote: post #14

As someone who works in an Eastern European country, i also did a writeup on how much i've made over the years and how that figure has changed, while working for a local company: https://blog.kronis.dev/articles/on-finances-and-savings In short, this year i'll probably make around 18k Euros, in total. I guess that just goes to show how different the situation is depending on where you live and where you're employed.

You're probably being underpaid even for Latvia. The first thing you should change in your analysis is that you should compare your salary to other software developers, not the general national average for all people. I would hope that the Central Statistic Bureau of Latvia provides this data, but you'd have to search for it yourself.

I'm from Estonia (immediate neighbor of Latvia with a similar history) and the statistics here [1] paint a healthier picture. The median software developer salary in Estonia for Q2 2021 was 3300€/month (39600€/year), with the average being even higher (3460€/41520€). These are national level statistics, so the numbers are even higher if you work for one of the local unicorns or Microsoft.

You should probably start demanding more money. Not US levels of compensation, but at least figure out the local Latvian median for software developers and aim for that to start with.

--

[1] Search for "Software developer" at https://palgad.stat.ee/en

Re: Tech compensation in 2021

#544

Post by lotsofpulp »

VRay wrote: post #29
websap wrote: post #20

Earlier quoted context omitted.

500K is the new 350K in 2021.

I wish I could get a company to just give me 15 weeks of paid vacation instead.. alas

Work for 15 years, save and invest $5M plus, and then one you have F you money, work according to your terms.

Re: Tech compensation in 2021

#545

Post by niq999 »

I'm in Russia and I make just $5000/year as a full-stack web dev (4+ years). I threatened to leave, and they found 10 more people who work for even less. I tried to get hired outside of my country, but no one bothers to respond.

Re: Tech compensation in 2021

#546

Post by siva7 »

niq999 wrote: post #545

I'm in Russia and I make just $5000/year as a full-stack web dev (4+ years). I threatened to leave, and they found 10 more people who work for even less. I tried to get hired outside of my country, but no one bothers to respond.

I am sorry. Hope you’re doing still fine with that salary.

Re: Tech compensation in 2021

#547

Post by fy20 »

Strom wrote: post #543
KronisLV wrote: post #14

As someone who works in an Eastern European country, i also did a writeup on how much i've made over the years and how that figure has changed, while working for a local company: https://blog.kronis.dev/articles/on-finances-and-savings In short, this year i'll probably make around 18k Euros, in total. I guess that just goes to show how different the situation is depending on where you live and where you're employed.

You're probably being underpaid even for Latvia. The first thing you should change in your analysis is that you should compare your salary to other software developers, not the general national average for all people. I would hope that the Central Statistic Bureau of Latvia provides this data, but you'd have to search for it yourself. I'm from Estonia (immediate neighbor of Latvia with a similar history) and the stat…

Salaries in Lithuania are about the same as Estonia, however I've heard of contractors getting nearly €10k/mo (before tax). Even working as a shop assistant you can get up to €1500/mo, so yes I would say OP is very much underpaid.

Re: Tech compensation in 2021

#548

Post by throwaway210222 »

b112 wrote: post #508
gambiting wrote: post #505

Earlier quoted context omitted.

It sounds pretty much on par for American approach to everything. It's ok to have shitty healthcare for the poor and pay less taxes, as long as you donate from time to time. Student loans? Medical loans? Shitty care for vets? No worries, Americans are the highest donating people on Earth by capita - so it's all fine. That last argument I keep hearing all the time - Americans are such good donators that they don't nee…

You have to be careful with health care, otherwise socialism will creep in. Everyone knows that socially paid things are wrong, and that everything should be private. No one wants public fire departments, schools, legal systems, police, etc etc. Only socialist countries do this.

Don't be so glib.

Where I live, we have private fire departments because the government one's are not maintained and the ambulances are being used as taxis.

Socialism + corruption (and that the only kind we get) is way worse than you can imagine. Especially for the poor.

Re: Tech compensation in 2021

#549

Post by bryanrasmussen »

throwaway2016a wrote: post #410
Jensson wrote: post #402

Earlier quoted context omitted.

If you are great at algorithms, have 20 years of experience with a great track record and live near a great tech university so plenty of tech companies, then you are doing something really wrong if you just earn $175k a year. Or you intentionally choose to have a low salary and prioritize other things, but if you did that then you'd know about it instead of asking this question.

You're being downvoted (not by me) but you have a point. I did two things wrong that I know of: - I graduated college right before the great recession and that effected my career starting rates - I stayed at a company I knew was under paying me for far too long (because I had a lot of stock options and I valued them too highly) If either of those two things were different I'd probably be making a lot more. But my poi…

>I am making the mean salary for my region and that mean is not what is represented in this article.

the article didn't say it was representing the mean salary though, probably the salary they are representing is the average - so there are a few high earning outliers pulling that number way up.

Re: Tech compensation in 2021

#550

Post by sireat »

quantumofalpha wrote: post #113
KronisLV wrote: post #14

As someone who works in an Eastern European country, i also did a writeup on how much i've made over the years and how that figure has changed, while working for a local company: https://blog.kronis.dev/articles/on-finances-and-savings In short, this year i'll probably make around 18k Euros, in total. I guess that just goes to show how different the situation is depending on where you live and where you're employed.

You are grossly underpaid, even for eastern europe. Guys just across the border (or two) from you make 2x+ more, while paying next to nothing in taxes (5% I've heard, as faux contractors) and enjoying some of lowest CoL in europe - https://jobs.dou.ua/salaries/dynamics/

1500 net, so about 2200 brutto is not that bad for Latvia, although on the low side.

It really depends on job quality as well.

Considering how frugal you are, you have plenty of time to find a better gig.

Pure local companies are not going to pay much better though (and Latvian state and local government gigs are even less).

So one option is to move to one of the outsourcing companies or even better to a smaller company dealing with western clients.

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