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It really isn’t. FB/Goog compensation is still the benchmark as far as industry comp goes, so a private co really needs to be convincingly successful to attract
by tempsy 7y ago
It really isn’t. FB/Goog compensation is still the benchmark as far as industry comp goes, so a private co really needs to be convincingly successful to attract smart, high paid engineers at top tech companies. If they can’t then it’s a completely valid signal that something is up - either comp is well below market, growth story is fishy, management is weak, or something else.
- robjan 7y agoAssumption: smart engineers only care about money.
- chrischen 7y agoHis assumption is actually that smart engineers would chase good tech, high stock price increase potential. They already have good compensation being Facebook/Google engineers.
- deleted 7y ago[deleted]
- echelon 7y agoWould you work for less if you only had to work Monday through Thursday? Or if you could take sabbaticals at will?
- bakuninsbart 7y agoWork environment makes a huge difference. My current job is pretty harmonious among the coworkers, the bosses and team-leaders are all engineers themselves or at least tech-literate. They are also very preoccupied with the welfare of employees and even kept a completely unproductive (bad fit) employee on for half a year to help him score a new job first. The customers are almost always happy with what we produce, and while it is certainly not fast growing, the company is steadily progressing in a good direction. This environment is worth a lot of money to me.
- hef19898 7y agoStay as long as it remains like this, these places are few and far between!
- C1sc0cat 7y agoProbably true for most people, people often Lie about motivations on surveys.
- rhizome 7y agoAssumption #2: Google/FB development practices will fit in.