5 ms·
My observation, as a hiring manager, is that levels.fyi data for my company is consistently representative of the highest compensated 10% of my team, but presen
by mercutio2 5y ago
My observation, as a hiring manager, is that levels.fyi data for my company is consistently representative of the highest compensated 10% of my team, but presents itself as reflecting something closer to median compensation for a given role.
Is this deliberate?
- drclau 5y agoI'm curious, how big is the range per level at the company you are hiring for?
- whymauri 5y agoSelection bias: those most proud of their offers are most likely to share it on aggregators, is my guess.
- b20000 5y agomy observation is that most companies present offers that are 30% lower than they should be to have a comfortable lifestyle in tech metros and not worry about school, housing or retirement costs. is this deliberate?
- evo 5y agoI wonder if this problem flows both ways. I suspect that at least housing and school (or the overlap, housing in good school districts) is to some degree a zero-sum game whose costs are set at the margins. In tech metros, where those marginal market-clearing prices are set by those tech salaries, it makes sense that they would settle at precisely the point where they're no longer quite comfortable to the average tech worker. Otherwise, what's to stop you from paying a bit more for that house than the second best offer?
- Zaheer 5y agoAs others have pointed out, there's a bit of selection bias at play. We don't manipulate any data. Keep in mind most people come to our site / contribute when they have a new offer, are in the job-seeking process, or savvy about their pay. As we grow, I'd hope this effect fizzles out more. New offers tend to be higher than compensation of existing employees and plays into this as well. -Zaheer (Co-Founder Levels.fyi)