81–90 of 283 posts
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Eh, I talk to a fair number of undergrads and I think it has been tough this past year.
Something is off then. Are they in big cities? Do they not know where/how to apply? We’ve had a hard time hiring anyone, including entry level.
Not surprised. I'm probably a fair bit older than the average HN reader (finished undergrad in 1995). This is the hottest job market I've seen since the height of the dotcom bubble (mid 1999 to early 2000), and if it continues along it's current trajectory it will pass that by year end.
Browsing /r/cscareerquestions it looks like entry level folks are having a hard time breaking into the industry. Employers are mostly recruiting senior levels it seems.
It looks like DoorDash just put up a big banner at their front door saying if you want to stay less than a year and still get paid highly apply here. Wouldn't this move incentivize employees seeking short term employment thus diluting stocks given out to existing long term employees?
I think they do this to keep bad hires from sticking around until the cliff. It takes a lot to fire someone legally - oftentimes you have to document ~6 months of poor performance, put them on a PIP, give them a chance to remediate, etc. Combine that with normal long ramp-up times in a tech company, and by the time you know it's not working out and can fire them, they're pretty close or past the 1 year vesting point…
Standard vesting schedule with 1-year cliff... but you would be prevented from selling any stock grant for the first year after it vests. Love it, thank you but no!
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I think it's common in the industry to see RSU grants shown as say, "$50k" - but that's $50k in stock as of the grant time. Once the grant is finalized, the value of the RSU grant grows with the stock. ie, if the stock is $100, then it's the same as 500 share grant. This Blind post is saying that Instacart/Stripe says you only get $50k no matter the price of stock? How would you even structure that kind of grant? Why…
all of my friends at google say the grant is in dollars and stays in dollars at google. at the end of the quarter you get a variable number of shares based on current stock price. While this reduces upside, it also reduces downside.
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I think there is a bit of a selection bias going on in that subreddit. I finished undergrad last May and had multiple offers to choose from well before I even graduated. Maybe covid has slowed hiring since, though.
I only had 4 offers to choose from. It's a bimodal distribution between the 200K+ 0YOE folks and everyone else.
Not surprised. I'm probably a fair bit older than the average HN reader (finished undergrad in 1995). This is the hottest job market I've seen since the height of the dotcom bubble (mid 1999 to early 2000), and if it continues along it's current trajectory it will pass that by year end.
Browsing /r/cscareerquestions it looks like entry level folks are having a hard time breaking into the industry. Employers are mostly recruiting senior levels it seems.
Not to say that everyone can simply walk in to these jobs (and they shouldn't!), but if a graduating CS major cannot find any decent software job today I'd be more inclined to suspect their skills than the industry itself.
This reads to me like someone looked at the data and discovered that almost everybody who stays employed for a quarter goes on to stay for a year. So they decided to try to juice some marketing value out of a policy change that makes no functional difference to anyone.
Why else would they choose to have equity vest quarterly instead of with each pay period? Or monthly, which is already typical after the cliff? If you believe equity is part of total compensation why does it need a different schedule at all?
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Something is off then. Are they in big cities? Do they not know where/how to apply? We’ve had a hard time hiring anyone, including entry level.
Have you adjusted your pay for inflation? The rent prices have nearly doubled in ten years, so if you offer 100k today, it's like offering 60k in 2011.
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As a self taught guy transitioning from chemical engineering, I hope its not too hard. Starting my search in a couple months
Doing something similar, good luck. Can't tell if it's very difficult or very easy.