6 ms·

Let’s be honest, $10k is chump change for engineers pulling $400k. If you want people to move, how about offer $400k ?

by dmode 7y ago

themagician 7y ago
I doubt there are more than a few hundred engineers with that salary in the entire Bay Area and they aren’t the ones who complain about cost of living. This is the software engineer making $80,000 a year who tries to live alone and has to spend half their paycheck on a studio.
- jrockway 7y ago
  That is quite false. When I worked at Google, my W2 income was about $270k every year, as a nobody senior engineer. I worked with multiple people that made at least $600k a year. There are thousands of engineers at Google making that kind of money, and no doubt Uber/Lyft/Facebook/Apple/Netflix/Microsoft are paying similar salaries. This was not the Bay Area, rather New York, but the salaries are about the same in both areas. The people that own homes in the Bay Area are Googlers that married each other. That is some good income. Enough for a shed in someone's backyard anyway!
- pchristensen 7y ago
  There are thousands of employees at each of Amazon, Microsoft, Apple, Facebook, and Google making more (some significantly more) than that. And although they generally pay best, they also are a fraction of overall tech employment in the Bay Area. Poke around in https://www.levels.fyi https://www.levels.fyi if you're curious.
bradlys 7y ago
Very few companies will ever pay engineers that money. And those companies have campuses all over the USA. So, they don't need this... The ones who could be interested in what this company offers are those that are much more financially constrained. Thus, offering more than $10k for a sign on bonus is probably not plausible for them either. I'd be surprised if anyone who gets hired through this company would have a TC past $200k. (ignoring silly valuations of startup stock)

Let’s be honest, $10k is chump change for engineers pulling $400k. If you want people to move, how about offer $400k ?

by dmode 7y ago

Let’s be honest, $10k is chump change for engineers pulling $400k. If you want people to move, how about offer $400k ?

I doubt there are more than a few hundred engineers with that salary in the entire Bay Area and they aren’t the ones who complain about cost of living. This is the software engineer making $80,000 a year who tries to live alone and has to spend half their paycheck on a studio.

jrockway 7y ago
That is quite false. When I worked at Google, my W2 income was about $270k every year, as a nobody senior engineer. I worked with multiple people that made at least $600k a year. There are thousands of engineers at Google making that kind of money, and no doubt Uber/Lyft/Facebook/Apple/Netflix/Microsoft are paying similar salaries. This was not the Bay Area, rather New York, but the salaries are about the same in both areas. The people that own homes in the Bay Area are Googlers that married each other. That is some good income. Enough for a shed in someone's backyard anyway!
pchristensen 7y ago
There are thousands of employees at each of Amazon, Microsoft, Apple, Facebook, and Google making more (some significantly more) than that. And although they generally pay best, they also are a fraction of overall tech employment in the Bay Area. Poke around in https://www.levels.fyi https://www.levels.fyi if you're curious.

bradlys 7y ago

Very few companies will ever pay engineers that money. And those companies have campuses all over the USA. So, they don't need this... The ones who could be interested in what this company offers are those that are much more financially constrained. Thus, offering more than $10k for a sign on bonus is probably not plausible for them either. I'd be surprised if anyone who gets hired through this company would have a TC past $200k. (ignoring silly valuations of startup stock)