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And, yet, here in the bay - my company (a startup) sent out two offers to candidates quite recently and they both went to FB instead. There is no shortage of p
by bradlys 7y ago
And, yet, here in the bay - my company (a startup) sent out two offers to candidates quite recently and they both went to FB instead.
There is no shortage of people joining FB because there's no shortage of people wanting to join a big company. Maybe if they're all comparing offers between big companies then they'll join some other big co but if the difference is startup vs Facebook... FB wins.
- swivelmaster 7y agoAre you offering a competitive salary?
- bradlys 7y agoI mean... does any startup when compared to FAANG? Salaries are basically the same but the total compensation is, obviously, wildly different since expected value for startup stock is horrible.
- swivelmaster 7y agoFacebook is offering new CS grads from top schools $180k+ a year plus $30k+ signing bonus. That's cash. Most startups can't afford that unless they are very well funded.
- bradlys 7y ago$180k salary? I know they offer some ridiculous numbers for top candidates but that seems high for any new grad. That'd push them near $250k with stock.
- screye 7y agoLevels.fyi seems to disagree See here : https://www.levels.fyi/salary/Facebook/SE/E3/ https://www.levels.fyi/salary/Facebook/SE/E3/ It is closer to a 155K + signing Bonus.
- swivelmaster 7y agoHm, perhaps I'm thinking of a different company.
- JohnFen 7y ago> I mean... does any startup when compared to FAANG? Yes, in my experience. Unless, as you mentioned, you count stock options or similar (which I don't).
- bradlys 7y agoYou should really count them. They're basically cash after you vest with a public company. Startups have a very low chance of that stock becoming worth anything even after it vests. Comparing faang compensation at $300k tc vs $180k salary plus Monopoly money... Faang wins often enough since you never get enough stock in startups for it to be really worth it. (Short of being a founder)
- JohnFen 7y ago> You should really count them. I've been in the industry too long to put any real value on them, regardless of whether they're from a Fortune 50 company or a startup. Sure, sometimes they pay, but it's always a gamble. I sorta view them more like lottery tickets than actual compensation.
- ThePawnBreak 7y agoDude, the stock you get as a Facebook employee is literally money. It vests every month, so you can go to a broker every month and sell it for thousands of dollars of hard cash. No waiting for IPO, no hoping the stock goes up, no 4 year vesting, no board approvals, no nothing.
- JohnFen 7y agoIt may be close, but it is not literally money. If it were, then why wouldn't they just pay the money rather than going through the hassle and expense (for both the company and the employee) of issuing stock? But that's all beside the point. I understand why these sorts of things may be appealing to people. They just aren't to me, so they don't factor in as "compensation" when I'm evaluating a job opportunity.
- justinclift 7y ago> my company (a startup) ad-tech startup?
- bradlys 7y agoNah. FinTech.
- cdcooksey 7y agoIt seems like your computer should consider remote workers. I live in Denver and have told Facebook recruiters that I’m specifically not interested in working at Facebook, but I would consider a remote position at a startup. I’m sure as hell not relocating to the Bay Area is all.
- bradlys 7y agoIf we wanted remote workers then we'd hire people in Romania. Like the last place I worked at did.
- intertextuality 7y agoRemote working in the same or similar timezones is nice, and no, not everyone needs to work in the same office.
- molteanu 7y agoCool! I'm from Romania. What do you have on the menu on this fine evening? :)
- pathseeker 7y agoIf you think remote workers means a different timezone and a language barrier, you need to brush up on your knowledge.