Employers bow to tech workers in hottest job market since the dot-com era • Hacker News Board

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

#591

Post by hkt » Thu, Aug 05, 2021, 6:33 AM UTC

throwaway321654 wrote: post #511

hkt wrote: post #471

Earlier quoted context omitted.

> So why is remote work being blamed for driving salaries up, shouldn't it have opened up the talent pool for hiring companies just as much as it's opened up the potential choice for applicants. Same reason house price rises are so sticky: you don't have to move unless you've got something better to go to. Rising salaries are about turnover as much as anything else.

But if a dev working up north for £50k takes a remote job from London paying £60k that would normally have paid £100k for someone local, they are getting something better and the company are getting someone cheaper. Doesn't this drive London salaries down because all the local people now have to complete with remote people willing to take less? So yes it increases salaries in some places, but decreases them in the he…

The trick is for that dev to take the London job for £100k. Most people are clever enough to tune in to the market rate. A few outliers won't wreck things as that person who takes a job at a low salary will have lots of opportunities to learn the market rate and then move in order to get it. The bigger the disparity between their new rate and the market rate, the more the incentive to move.

Also, FYI we aren't yokels who get paid half as much up here ;)

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

#592

Post by grepfru_it » Thu, Aug 05, 2021, 7:10 PM UTC

aix1 wrote: post #504

grepfru_it wrote: post #67

Earlier quoted context omitted.

Accept offer A. Receive offer B. If offer B > offer A, let company A know something has come up and you cannot continue employment. Accept offer B. Lather, rinse, repeat for each offer. The better offer may be salary, perks, or just better work conditions. I once left a company after working there for 9 days because I got an offer working with my friend. I didn't even get a better salary and my friend ended up leavin…

I think that's a recipe for becoming unemployable.

You obviously stop at some point, a 6 month gap on your resume is not a good look.

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

#593

Post by grepfru_it » Thu, Aug 05, 2021, 7:13 PM UTC

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.

Sometimes it’s okay. Like when you made a metric ass ton at your last job and you know they can’t match that number.

Now you get to negotiate fridays off, 2 months of vacation, and a golden parachute of $X per year worked. Everyone is mad at CEOs but I once negotiated a $25k golden parachute for when I left, _just to see if it was possible_

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

#594

Post by tmule » Tue, Aug 10, 2021, 7:31 AM UTC

bestcoder69 wrote: post #550

spike021 wrote: post #229

Earlier quoted context omitted.

Is this true? Since joining Amazon 2 years ago the rate of recruiters hitting my inbox has increased around 3x and I regularly get contacts from Google, Facebook, and MS recruiters, plus recruiters from random small shops in the Bay Area. I suppose you are exaggerating.

These HM's here and there that hate Amazon engineers are just a rounding error compared the number of companies trying to specifically poach Amazon engineers. Despite the sense that Amazon is a lesser-FAANG or whatever to some (so annoying people even think like that - like the snobs who say "lesser Ivy").

“lesser-FAANG or whatever” I’m a tad amused that you’re not specifically opposed to the notion of FAANG, but find the notion of a lesser FAANG unpalatable. If you’re okay playing the elitism game, then it’s hard to sympathize with you when you’re the victim.

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

#595

Post by andrekandre » Fri, Aug 13, 2021, 11:52 PM UTC

noleetcode wrote: post #460

inter_netuser wrote: post #323

Earlier quoted context omitted.

what is it about leetcode that makes it a waste of time?

Absolutely no relation to my technical abilities for any job I'd be looking at (besides, of course, passing an interview to begin with). Please don't get me wrong: if it was just a few days of practicing, I'd just get it over with and do it. But realistically, with the leetcode arms-race that's gone on for the past few years, where you're expected to solve multiple hard-level problems back-to-back, with no assistance…

what if you just did it as a hobby/fun thing to do once or twice a week...?

maybe after a while it would be second nature once a real opportunity presented itself?

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

#596

Post by throwaway321654 » Tue, Aug 17, 2021, 9:39 AM UTC

hkt wrote: post #591

throwaway321654 wrote: post #511

Earlier quoted context omitted.

But if a dev working up north for £50k takes a remote job from London paying £60k that would normally have paid £100k for someone local, they are getting something better and the company are getting someone cheaper. Doesn't this drive London salaries down because all the local people now have to complete with remote people willing to take less? So yes it increases salaries in some places, but decreases them in the he…

The trick is for that dev to take the London job for £100k. Most people are clever enough to tune in to the market rate. A few outliers won't wreck things as that person who takes a job at a low salary will have lots of opportunities to learn the market rate and then move in order to get it. The bigger the disparity between their new rate and the market rate, the more the incentive to move. Also, FYI we aren't yokels…

That doesn't seem like it would work. Isn't it basic supply and demand dynamics? If people can work remotely in London from their home elsewhere the supply of available Devs for London companies has increased. They don't need to offer the same full salary any more because they'll have lots of choice to offer less, or give it to someone else.

You can't just avoid supply & demand dynamics by saying everyone should just hold out until they get a higher offer. As a non-London dev myself I can tell you I'd snap up a remote job for a 20% payrise, and I suspect most would. Your suggestion of only taking the full on site salary only works if everyone does it, and most will take lower. It's a prisoners dilemma kind of problem, if we all agreed to hold out for higher salaries we would all benefit, but for each individual it makes sense to defect and take lower because if you don't, someone else almost certainly will. The salary will reach an equilibrium where supply at that price matches demand.

Also, no offense intended about the numbers ;-). I mostly just made those numbers up with no bearing on reality. I'm actually more northern myself, and I'd say average senior dev salary here is probably around £50-60k. I don't really have any idea about equivalent London salaries.