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Cost of living is only a small part of the pay differential. Strong candidates with large scale prod experience are concentrated in markets where these skills a
by erik_seaberg 5y ago
Cost of living is only a small part of the pay differential. Strong candidates with large scale prod experience are concentrated in markets where these skills are most valued and attainable. You can fill headcount for less by hiring out of smaller markets, but not if you want the same candidates big tech is competing for.
If everyone goes remote-first someday, market rates everywhere will equalize, but this hasn’t happened yet.
- disgruntledphd2 5y agoThen why are London FAANG salaries so much lower then US ones?
- erik_seaberg 5y agoI’m under the impression that London’s tech market isn’t particularly hot apart from finance.
- disgruntledphd2 5y ago> I’m under the impression that London’s tech market isn’t particularly hot apart from finance. This is because FAANG refuse to benchmark against finance, because it would cost them too much money. Like they wanted me to move from Dublin to London when I was at one, but the salaries were identical, but the living costs definitely were not (salaries were the same, but a FAANG salary in Dub puts you much closer to the top of the local income distribution than one does in London).