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How many of those React jobs include RSUs from privately owned companies? I would venture that approximately 100% of the COBOL jobs that's all cash compensation

• eatonphil 4y ago
  Privately owned companies don't give RSUs normally they do stock options or revenue sharing but yes your point is good. Startups and public companies both seem to pay better base salary for modern tech developers and also give you equity or profit sharing. Whereas the government or government contractor companies that often stick with old tech (it seems) you'll only get cash. Banks may be an exception since many do give stock or good bonuses. But I don't often see bank positions looking for COBOL developers.
  • pc86 4y ago
    > Startups and public companies both seem to pay better base salary for modern tech developers and also give you equity or profit sharing. I've worked for a couple public companies, none of which gave any stock or any profit sharing to the engineering staff. I've also worked for private companies that had some profit sharing but it was never discussed other than "there is profit sharing" even when it was a substantial percentage (one place I consistently got 6-8% of my salary as profit sharing). More popular lately seems to be the pseudo-bonus-pseudo-profit-share thing where you have a set percentage of your salary as "bonus" but it requires the company overall hitting specific revenue and profit numbers, so it's essentially profit sharing with a cap. I think my point is comp structures are all over the place, but "large public company giving base, bonus, and stock" is a small minority, while "private company giving base, and maybe a bonus sometimes" is the most common.
• scarface74 4y ago
  Why is that a bad thing to offer all cash? Equity from private companies is statistically worthless. I wouldn’t even count it as part of my compensation.
  • pc86 4y ago
    I don't think it's a bad thing (quite the opposite) but it's common to take high SV salaries that include hard-to-hit discretionary bonuses and hundreds of thousands in stock, and compare that TC number to the $175k offered by the private company that's also hiring. It's an apples to hammers comparison.
    • scarface74 4y ago
      All of the public tech companies that I know about basically guarantee you cash + stock and a known vesting schedule over at least two years. Of course, we are living through the first era where BigTech stocks are tanking left and right. I just left working at “normal companies” most of my career to work at BigTech two years ago at 46. My base pay was about the same. But my stock/prorated signing bonus brought my total compensation up by around 25%. I can (and do) sell my stock as soon as it vests. I’m on the low end of BigTech compensation. I work remotely and did a slight career pivot from software engineering. Yes, I know about the dot com bust. Those weren’t large profitable tech companies and they didn’t have the head count that companies have now
      • pragmatic 4y ago
        Super curious what your career pivot was. Is there some engineering adjacent job that doesn’t come with a recruiter telling me to grind leetcode for 7-8 weeks for a chance to work on some weirdos space ship finance company? (Only kidding, mostly)
        • scarface74 4y ago
          Cloud application development consulting in Professional Services - “application modernization”