4 ms·

This seems to only consider salaries, which means it's basically meaningless. Personally speaking, 2/3 of my take-home pay is RSUs, and that number has risen mu

by notJim 5y ago

This seems to only consider salaries, which means it's basically meaningless. Personally speaking, 2/3 of my take-home pay is RSUs, and that number has risen much faster than my salary.

throwayy_f 5y ago
Exactly. I took a 50K hit to my base salary (275k->225k) but I'm getting 400K/year more in equity. I was unintentionally part of the great resignation. I've seen many of my friends also leave FAANG after 4-10 years and be offered large raises by pre-IPO unicorns or other FAANG struggling to hire. Any compensation article that doesn't acknowledge equity for tech is useless and I question their methodology.
zuhayeer 5y ago
Yup, it's just the base salary – might be worth comparing to our data on Levels.fyi for total compensation, where we've been seeing compensation increase overall in the last few months.
- steelframe 5y ago
  > Levels.fyi In my experience sites like that are only good for a few months of popularity before they start getting too much gamification and/or corruption. Given how old and popular levels.fyi is now, how can we know that it still provides a good reference point?
  - zuhayeer 5y ago
    We actually don't gate any of our data on the site so there's not really much gamification (you can even view each individual data point [1] if you wish). If you find some value from using the site, our hope is then you might want to contribute back, and if not that's okay too – you're still welcome to use and benefit from the site. We do encourage users in various places to contribute, but it's still entirely optional. That means less spammy data points since we remove the incentive to submit if you don't want to. That said, we do a variety of things to validate our data including manual review / a community reporting feature, as well as collecting proof docs such as W2s and offer letters [2] to validate the rest of our crowdsourced data. We also now have a negotiation service [3] to help candidates increase their offers which exposes us to how the market is today, and what compensation looks like in real time everyday. Of course, we welcome any feedback that could help us make the data better and more accurate over time. We're currently working on tighter time ranges (if data is available for a particular company or region) to calculate our aggregate values such as averages, medians, etc. [1] - https://levels.fyi/comp.html https://levels.fyi/comp.html [2] - https://levels.fyi/verified/ https://levels.fyi/verified/ [3] - https://levels.fyi/services/ https://levels.fyi/services/
  - Apocryphon 5y ago
    I agree with your overall point, but their submission vetting process is at least less automated than say Glassdoor: https://www.levels.fyi/addcomp.html https://www.levels.fyi/addcomp.html

by notJim 5y ago

This seems to only consider salaries, which means it's basically meaningless. Personally speaking, 2/3 of my take-home pay is RSUs, and that number has risen much faster than my salary.

throwayy_f 5y ago

Exactly. I took a 50K hit to my base salary (275k->225k) but I'm getting 400K/year more in equity. I was unintentionally part of the great resignation. I've seen many of my friends also leave FAANG after 4-10 years and be offered large raises by pre-IPO unicorns or other FAANG struggling to hire. Any compensation article that doesn't acknowledge equity for tech is useless and I question their methodology.

zuhayeer 5y ago

Yup, it's just the base salary – might be worth comparing to our data on Levels.fyi for total compensation, where we've been seeing compensation increase overall in the last few months.

steelframe 5y ago
> Levels.fyi In my experience sites like that are only good for a few months of popularity before they start getting too much gamification and/or corruption. Given how old and popular levels.fyi is now, how can we know that it still provides a good reference point?
- zuhayeer 5y ago
  We actually don't gate any of our data on the site so there's not really much gamification (you can even view each individual data point [1] if you wish). If you find some value from using the site, our hope is then you might want to contribute back, and if not that's okay too – you're still welcome to use and benefit from the site. We do encourage users in various places to contribute, but it's still entirely optional. That means less spammy data points since we remove the incentive to submit if you don't want to. That said, we do a variety of things to validate our data including manual review / a community reporting feature, as well as collecting proof docs such as W2s and offer letters [2] to validate the rest of our crowdsourced data. We also now have a negotiation service [3] to help candidates increase their offers which exposes us to how the market is today, and what compensation looks like in real time everyday. Of course, we welcome any feedback that could help us make the data better and more accurate over time. We're currently working on tighter time ranges (if data is available for a particular company or region) to calculate our aggregate values such as averages, medians, etc. [1] - https://levels.fyi/comp.html https://levels.fyi/comp.html [2] - https://levels.fyi/verified/ https://levels.fyi/verified/ [3] - https://levels.fyi/services/ https://levels.fyi/services/
- Apocryphon 5y ago
  I agree with your overall point, but their submission vetting process is at least less automated than say Glassdoor: https://www.levels.fyi/addcomp.html https://www.levels.fyi/addcomp.html