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For those companies involved in semiconductor industry, where machines cost 100M usd EACH... People are just a rounding error. Should we hire 100 more? 1000 mor

For those companies involved in semiconductor industry, where machines cost 100M usd EACH... People are just a rounding error. Should we hire 100 more? 1000 more? Whatever

suction 5y ago
Keep in mind that for a high-profile engineer or lead who expects to make 400k at least per year, the company would actually have to pay him 800k to make that much net. Labor cost in Germany is sky high. That times a thousand is not insignificant.
- lentil_soup 5y ago
  According to [1] if you make 400k a year your employer has to pay 413k in total [1] https://www.brutto-netto-rechner.info/gehalt/gehaltsrechner-arbeitgeber.php https://www.brutto-netto-rechner.info/gehalt/gehaltsrechner-...
  - datenarsch 5y ago
    no engineer makes 400k a year in Germany. This is not the US, sadly.
  - FabHK 5y ago
    Yes, if you get 400k gross, your employer has to pay 413k, but you only get 221k net after deduction of taxes and obligatory insurances (according to that very same calculator).
  - deleted 5y ago
    [deleted]
  - qwytw 5y ago
    I assume they mean 400k net, if the employer pays 413k you only get 206k after tax. While the tax burden seems huge in this case, it's not that different in the US, though. For example you'd get around 225k in California (with no deductions).
  - suction 5y ago
    "net" is the keyword here.
    - lentil_soup 5y ago
      sure, but that's an unfair comparison then, when people say they make 400k they mean before taxes
- Akronymus 5y ago
  And that 800 is what you see on your paycheck. The company pays around double that in total.
  - _ph_ 5y ago
    No, there are only very little payments beyond the pay check. The employee does of course only get payed out a large part of the pay check, the rest goes to taxes and social insurances.
    - Akronymus 5y ago
      Huh, I may have (wrongly) assumed it'd be the same in Germany as in Austria.
- _ph_ 5y ago
  I don't know where you get the 400k number for an engineer, typical salaries are rather about 100k, somewhat more, a lot less.
- iSnow 5y ago
  400K in Germany is upper management level, not C-suites, but most certainly not engineering either.
  - oezi 5y ago
    To be precise: 400k or higher is a salary only paid at the top 30 (Dax companies) to C-Level executives. If you own the business there are other tiers of compensation available, but employees in Germany very rarely make more than 150k in any position. CEOs of medium sized businesses up to 500 employees would likely not be compensated more than 200k. Other C-level even less.
- arrrg 5y ago
  That‘s different from the US how exactly? $800k/year in San Francisco as a single is $436k/year net. In Germany that’s $431k/year net. You should argue with lower (more realistic) salaries. Social insurance (including health insurance, pension) is capped, meaning if you earn above a certain level you won’t have to pay any more. This means that those aspects play a diminutive role (about $15k) at your named salary level.

For those companies involved in semiconductor industry, where machines cost 100M usd EACH... People are just a rounding error. Should we hire 100 more? 1000 more? Whatever

suction 5y ago

Keep in mind that for a high-profile engineer or lead who expects to make 400k at least per year, the company would actually have to pay him 800k to make that much net. Labor cost in Germany is sky high. That times a thousand is not insignificant.

lentil_soup 5y ago
According to [1] if you make 400k a year your employer has to pay 413k in total [1] https://www.brutto-netto-rechner.info/gehalt/gehaltsrechner-arbeitgeber.php https://www.brutto-netto-rechner.info/gehalt/gehaltsrechner-...
- datenarsch 5y ago
  no engineer makes 400k a year in Germany. This is not the US, sadly.
- FabHK 5y ago
  Yes, if you get 400k gross, your employer has to pay 413k, but you only get 221k net after deduction of taxes and obligatory insurances (according to that very same calculator).
- deleted 5y ago
  [deleted]
- qwytw 5y ago
  I assume they mean 400k net, if the employer pays 413k you only get 206k after tax. While the tax burden seems huge in this case, it's not that different in the US, though. For example you'd get around 225k in California (with no deductions).
- suction 5y ago
  "net" is the keyword here.
  - lentil_soup 5y ago
    sure, but that's an unfair comparison then, when people say they make 400k they mean before taxes
Akronymus 5y ago
And that 800 is what you see on your paycheck. The company pays around double that in total.
- _ph_ 5y ago
  No, there are only very little payments beyond the pay check. The employee does of course only get payed out a large part of the pay check, the rest goes to taxes and social insurances.
  - Akronymus 5y ago
    Huh, I may have (wrongly) assumed it'd be the same in Germany as in Austria.
_ph_ 5y ago
I don't know where you get the 400k number for an engineer, typical salaries are rather about 100k, somewhat more, a lot less.
iSnow 5y ago
400K in Germany is upper management level, not C-suites, but most certainly not engineering either.
- oezi 5y ago
  To be precise: 400k or higher is a salary only paid at the top 30 (Dax companies) to C-Level executives. If you own the business there are other tiers of compensation available, but employees in Germany very rarely make more than 150k in any position. CEOs of medium sized businesses up to 500 employees would likely not be compensated more than 200k. Other C-level even less.
arrrg 5y ago
That‘s different from the US how exactly? $800k/year in San Francisco as a single is $436k/year net. In Germany that’s $431k/year net. You should argue with lower (more realistic) salaries. Social insurance (including health insurance, pension) is capped, meaning if you earn above a certain level you won’t have to pay any more. This means that those aspects play a diminutive role (about $15k) at your named salary level.