71–80 of 138 posts
Earlier quoted context omitted.
Note that the numbers given in the article are total compensation (including stock), not just salary.
Good point. Is this the committed total comp, or total comp stuck in vesting period during which stock luckily appreciated?
To put this in bay area perspective, that $300K per year gets broken down as: 42% Tax bracket. Net $180K per year $6K per month in rent/mortgage. Net $108K $3K per month in living expenses. $72K $1K student loans (maybe). Net $60K $1K in insurance (health / renters / home). Net $48K $1K disposable income. Net $36K $8K vacation. Net $28K ( or about $2.3K per month for savings) Not bad. But you can see how bay area cos…
This math is remotely not accurate. 42% tax rate ? Tax rates are progressive. I made a whole lot more last year and my effective Federal + State was 28%. Remember, there are a ton of deductions available. $6k in rent ?? Who pays that ? I have a large house and my mortgage payment is close to 4.5k. And I am building massive equity on my home as well as paying down an expensive asset. Home insurance is $1k for the whol…
Compensation is heavily dependent on market rates. It's far more difficult to hire a strong senior engineer in the valley than it is in most other cities in the US. Even companies in fairly remote areas can hire a remote developer or pay a SF engineer to relocate for less than what most Valley engineers make.
It's not about what you can actually do... It's about what you can do compared to the other available people around you.
Earlier quoted context omitted.
Note that the numbers given in the article are total compensation (including stock), not just salary.
Good point. Is this the committed total comp, or total comp stuck in vesting period during which stock luckily appreciated?
Typically you never want anyone (that you want to keep) to be fully vested, so it's expected that you'll get new grants to top up after a couple years if you're doing OK.
Earlier quoted context omitted.
I don't know if this really qualifies as TL;DR, but they seem to have captured the high-level points: https://www.freshworks.com/freshsales-crm/sdr-sales-developm...
Interesting that their suggestion "People often get tired of hearing their own name. Switch tracks and use your name instead." is at odds a bit with Dale Carnegie's "Remember that a person's name is to that person the sweetest and most important sound in any language."
I recently finished reading the book Never Split the Difference and I would highly recommend it. It's a slightly different take on the traditional negotiation tropes we've all heard. I've managed to employ many of the techniques in my day to day as a PM with success, but his discussions on salary negotiation resonated with me. I'm sure you can find some notes on the book to derive 50% of the value, but the author's s…
Am I wrong? Now that I know how it 'works' I can pick out Ackerman bargaining tactics from a mile away so it's basically a moving target. I feel truly great negotiating tactics are an artform. To succeed you need creativity and flair that can't be duplicated mechanically.
What are people's experiences around having requiters you submit a competing offer for them to negotiate against it? I've had recruiters tell me they need to see a copy of an offer letter in order to match against it. I assume this is to minimize people lying about competing offers to squeeze a few extra percentage points out of their offer and to give the recruiter maximum negotiation leverage. What response do you…
This was at a top 5 tech company.
Earlier quoted context omitted.
I don't know if this really qualifies as TL;DR, but they seem to have captured the high-level points: https://www.freshworks.com/freshsales-crm/sdr-sales-developm...
Interesting that their suggestion "People often get tired of hearing their own name. Switch tracks and use your name instead." is at odds a bit with Dale Carnegie's "Remember that a person's name is to that person the sweetest and most important sound in any language."
But his ethos is applied and over applied so much that some times it's a breath of fresh air when a sales person just cut to the chase. Especially in this day and age in most cases, the user probably have had a couple weeks to try and thoroughly read the manual on your product. The sales calls are basically a formality. Beating around the push just wastes everyone's time. Just my 2c.
Wow. I have 15 years of experience and am making under 220k in NYC. There’s no way I’d have offered that much money for someone with 2 years of experience. It just isn’t worth the price.
Earlier quoted context omitted.
This math is remotely not accurate. 42% tax rate ? Tax rates are progressive. I made a whole lot more last year and my effective Federal + State was 28%. Remember, there are a ton of deductions available. $6k in rent ?? Who pays that ? I have a large house and my mortgage payment is close to 4.5k. And I am building massive equity on my home as well as paying down an expensive asset. Home insurance is $1k for the whol…
Enter $300K into https://smartasset.com/taxes/income-taxes Take home pay for CA is $185K