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I've done this before. Got an offer while I was still interviewing with a few other companies. Accepted the offer then a few weeks later another, significantly
by dvt 6y ago
I've done this before. Got an offer while I was still interviewing with a few other companies. Accepted the offer then a few weeks later another, significantly better, offer came through.
I have absolutely no qualms about it, and I don't put the tiny stint on my resume. My work and expertise speaks for itself. It's sad that job hunting has become rife with Machiavellian machinations in the past three decades, but this is the world we live in. Acting otherwise is self-sabotaging.
Long gone are the days where we'd become "company men" loyal to CEOs and corporate pillars. We'd get to retire in our late 50s with pretty wives, a few kids, and decent savings. Job hopping is the most reliable way to get a raise. If you don't job hop, you might be on the chopping block come the next layoff wave.
This is all on top of the fact that engineers are woefully underpaid. I have finance friends that make literal millions in yearly bonuses. This is virtually unheard of in software, even though we provide orders of magnitude more value.
It is what it is.
- jfk13 6y ago> This is all on top of the fact that engineers are woefully underpaid. I have finance friends that make literal millions in yearly bonuses. This is virtually unheard of in software, even though we provide orders of magnitude more value. That doesn't necessarily mean engineers are woefully underpaid. It may just be that your finance friends are obscenely overpaid. Though whether all/most engineers provide "orders of magnitude more value" may be questionable. Some of the highest-paid engineers, AIUI, devote their considerable expertise to optimising ad click rates. "Provide value"? Hmmm. To whom? Not humanity in general, I think.
- Grimm1 6y ago"Provide value"? Hmmm. To whom? Not humanity in general, I think." The organization they're employed at. Which is obvious because we're talking about jobs here; that's what salaries are, in part, based on.
- madsbuch 6y agoIn that case, finance people with said bonuses indeed make that kind of value. Though I am not quite sure the average finance person makes more than the average software engineer.
- Grimm1 6y agoI didn't claim to agree with the original comment. I didn't even give an opinion. I just clarified where value is being measured.
- dvt 6y ago> Some of the highest-paid engineers, AIUI, devote their considerable expertise to optimising ad click rates. I worked on an ad product with a team of 10 or so data scientists + engineers. I'd wager most of us made between 100k-175k + some tiny bonuses here and there. The product we built was making the company $2.5 million a month. But hey we all got some cool jackets and a pat on the back. Give me a break. Money talks. I don't know why engineers are so shy when it comes to wanting more.
- kickout 6y agoDouble your teams salary to get the cost to the company including benefits like health insurance (which are very real).
- wins32767 6y agoDepends on where you are. Cost of benefits doesn't really scale with geographical increases. In Boston, my last several startups have used 1.35x salary as the fully loaded cost for engineers.
- palebluedot 6y agoFrom their numbers, it doesn't matter much. Even if we take the highest number from their range ($175k) and double it, that is $3.5M/year for the 10-person team. That is still an order of magnitude less than $30M/year.
- JMTQp8lwXL 6y agoIt typically costs an employer double what your pay is, once including benefits, matching social security contributions, etc. So your employer had 10 people it was spending 200k-350k a month on, so 2000k-3500k in expenses, for a product that made 2500k a month.
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- mperham 6y ago
- ClumsyPilot 6y agoWell, we have this myth of meritocracy, but some proffessions are systemically underpaid like teachers - millions of future earnings depend on them, but noone ambitious wants to become a teacher, so our schooling kida sucks
- vorpalhex 6y agoIt's a supply and demand problem. There are a lot of folks who are willing and able to be teachers for a low amount of pay, but it turns out you can't live off discount engineers or finance people. I assure you, if SV could get away paying $12 an hour to engineers or finance, they would.
- ClumsyPilot 6y agoThere are a lot of folks who are willing and able to be president for a low amount of pay. Might even do a better job than Trump. The idea was that if teaching was a prestigious profession, we would see large returns on that investment. We have an entire underclass of population that is poorly educated, so maybe we shouldn't be living off 'discount teachers' as we are doing now.
- shuckles 6y agoReally great teachers could probably find a way to make huge incomes. I tutored competition math on the side to rich families’ kids for nearly $500/hr.
- ClumsyPilot 6y agoThe whole point of my post was that we need the best teachers in the classrooms, not tutoring a few select rich kids.
- shuckles 6y agoYour original claim was that the teaching profession is systematically underpaid but in fact you’re talking about a very specific set of public sector employees whose compensation is more complex than just annual salary.
- ABeeSea 6y agoIt’s not about how much value your labor provides. It’s about how much unique value your labor provides. Most IBs aren’t making millions in the same way that most engineers are making what a Principal at a FAANG makes.
- jacurtis 6y agoI had a friend that did this last year. He job hunted for about 3 months, then took a job at a company he thought he would enjoy for about 6-8 business days (1.5 weeks) and then got a job offer with another company that came through from his earlier job search. He felt really bad leaving so early but he wasn't particularly happy with the environment after the first week and took the next opportunity that came his way and paid significantly more. Of course he said that the second job hasn't been much better to his happiness, but his logic was that if you are going to do something you hate, you might as well get paid more to do it. The second job is also more convenient for his commute. He told me that he doesn't plan on putting the one week job on his resume going forward.
- amdelamar 6y agoI did this and still feel gross about it even though I don't regret the decision. Accepted an offer for a Java/Spring developer, but a week later I got a better offer for a Scala engineer at Apple that had swept me off my feet. I don't know why I still feel gross having to renege after accepting the first offer; I think its because I annoyed the recruiter. That even if the first offer had salary-matched the other offer, I'd rather be programming in Scala than Java/Spring and that wasn't something they could compete with.
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- sweeneyrod 6y agoAnthony Levandowski got a $120m bonus. What makes you think he is less of an outlier than your friends are in finance? (although FWIW unless your friends are very senior I suspect they're lying about getting million plural bonuses)