4 ms·

CoL and benefits need to be figured into your assertion

• walshemj 9y ago
  Yes right trouble is this is often used by hr to try and explain why they don't pay market rate. Doesn't really explain why google pays less in London UK for that google does in low col states in the states. And I don't think Lockheed and BAE pay their engineers as much as FANG companies do and they certainly don't out compete on benefits.
  • geodel 9y ago
    Exactly right. Somehow people keep explaining high salaries of FANG in terms of cities/area in US. Truth is more likely that these companies have immense market cap and profitability and being helmed by first generation liberal entrepreneurs they are happy with sharing benefits. IBM, Cisco or any other typical IT company pays 120-150K salaries in bay area and not much of profit sharing/ equity.