3 ms·

> $300k-600k for "high-end" mid-level engineers is because they stand to recoup many times than per employee. Why would a company pay more than they need to? I

> $300k-600k for "high-end" mid-level engineers is because they stand to recoup many times than per employee. Why would a company pay more than they need to? I would pay 4x the price for grapes if required. I don't as I would prefer to spend less on grapes. > it's impossible for there to be a shortage of high-end mid-level engineers as those mid-level come from the low-end engineers. Unless there is something that prevents from from becoming mid-level engineers. Like companies that don't hire junior level engineers at all and have mid-level be the entry level.

teebs 5y ago
> Why would a company pay more than they need to? I would pay 4x the price for grapes if required. I don't as I would prefer to spend less on grapes. I think it's because they could still use more engineers to do what they want to do, and they believe that great talent is way, way better than good talent. They want pretty much everyone to think "working at FAANG is the best financial option for me" and to apply, so they get their pick of the talent pool.
dotcommand 5y ago
> Why would a company pay more than they need to? There is the prestige factor. And of course pressure from the employees. If you are making $600K per employee and it's public, they'll demand more. > I would pay 4x the price for grapes if required. I don't as I would prefer to spend less on grapes. But you do. That's the point. If you make $600K and another person makes $100K, you are far more likely to buy grapes whenever you want/need rather than waiting for the grapes to be on sale. > Unless there is something that prevents from from becoming mid-level engineers. Like companies that don't hire junior level engineers at all and have mid-level be the entry level. But the tech industry favor junior/younger employees. Ageism is a thing in the tech industry.
throw1234651234 5y ago
Does FAANG really pay 300k for "mid-level" engineers?
- yupper32 5y ago
  Mid-level as in high end L4, low end L5. i.e. 1-2 promotions from new grad level you can get to 300k total compensation (including salary, stock, and bonus) from most FAANG. So, yes.
- dlp211 5y ago
  Yes, and more. See Levels.fyi
908B64B197 5y ago
> Why would a company pay more than they need to? Remember BlackBerry? Local comp, prevailing wages, "competitive offer" from the "local market". Good relationships with local colleges. No stocks. A competitor (Apple) paying much more got pretty much all the kids from the schools around Blackberry to apply there first and then go to BlackBerry if they didn't qualify. Blackberry didn't get acquired. It just got crushed. But the company was right, it didn't need to pay more to attract local "talent".
fomine3 5y ago
Because cartel is illegal? https://en.wikipedia.org/wiki/High-Tech_Employee_Antitrust_Litigation https://en.wikipedia.org/wiki/High-Tech_Employee_Antitrust_L...

teebs 5y ago

> Why would a company pay more than they need to? I would pay 4x the price for grapes if required. I don't as I would prefer to spend less on grapes. I think it's because they could still use more engineers to do what they want to do, and they believe that great talent is way, way better than good talent. They want pretty much everyone to think "working at FAANG is the best financial option for me" and to apply, so they get their pick of the talent pool.

dotcommand 5y ago

> Why would a company pay more than they need to? There is the prestige factor. And of course pressure from the employees. If you are making $600K per employee and it's public, they'll demand more. > I would pay 4x the price for grapes if required. I don't as I would prefer to spend less on grapes. But you do. That's the point. If you make $600K and another person makes $100K, you are far more likely to buy grapes whenever you want/need rather than waiting for the grapes to be on sale. > Unless there is something that prevents from from becoming mid-level engineers. Like companies that don't hire junior level engineers at all and have mid-level be the entry level. But the tech industry favor junior/younger employees. Ageism is a thing in the tech industry.

throw1234651234 5y ago

Does FAANG really pay 300k for "mid-level" engineers?

yupper32 5y ago
Mid-level as in high end L4, low end L5. i.e. 1-2 promotions from new grad level you can get to 300k total compensation (including salary, stock, and bonus) from most FAANG. So, yes.
dlp211 5y ago
Yes, and more. See Levels.fyi

908B64B197 5y ago

> Why would a company pay more than they need to? Remember BlackBerry? Local comp, prevailing wages, "competitive offer" from the "local market". Good relationships with local colleges. No stocks. A competitor (Apple) paying much more got pretty much all the kids from the schools around Blackberry to apply there first and then go to BlackBerry if they didn't qualify. Blackberry didn't get acquired. It just got crushed. But the company was right, it didn't need to pay more to attract local "talent".

fomine3 5y ago

Because cartel is illegal? https://en.wikipedia.org/wiki/High-Tech_Employee_Antitrust_Litigation https://en.wikipedia.org/wiki/High-Tech_Employee_Antitrust_L...