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Software engineers are valuable, but square feet in the Bay Area are more valuable. Consider that a median home costs around $144k/yr to carry. That’s about hal
by closeparen 3y ago
Software engineers are valuable, but square feet in the Bay Area are more valuable. Consider that a median home costs around $144k/yr to carry. That’s about half of Google L4 TC. Offices are smaller than homes but office space is also more expensive per square foot. The cost of a 200-300sqft private office is similar.
Sometime around 2017-18 I was told that our (extremely high density) open office cost $25k/head per year. At that time I was only making $110k so that was mind blowing.
- deleted 3y ago[deleted]
- opportune 3y agoFrom the company perspective they care about the all-in employee cost so including all the perks, health insurance, payroll tax, and personnel overhead (hr, recruiting) the cost per-head doesn’t look so bad. If you consider that the all-in cost of an L4 is more like $400-500k/year it becomes a little baffling that they don’t just get 2x the space they currently do if it will only cost $25k/y and make it so they get their own cubicle or mini office.
- closeparen 3y ago$25k/yr is for a shoulder-to-shoulder workstation at a shared bench, private office would be 4-5x that.