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Incredibly transparent about their low-ball salaries.
by GFK_of_xmaspast 12y ago
Incredibly transparent about their low-ball salaries.
- joncp 12y agoWhat do you think they should be?
- WalterSear 12y agoIMHO, those figures are ~~20% under market. Maybe it's a really good place to work.
- nicholas73 12y agoFrom the table a junior engineer is 92k from 60k base + 22k SF locality + 10k cash over stock option. Is 92k that bad for junior?
- WalterSear 12y agoMaybe not that specific position, but the salary list at the end looked very roughly 20% low to what I am used to seeing on Angel list etc, etc., even giving the lack of locality pay.
- Iftheshoefits 12y agoThe SF salaries listed are really, really low. Where I'm currently contracting several of my colleagues converted to full time. Only the COO and CEO on that list earn more than their base salary. My hourly rate makes my salary-equivalent more than everybody but the CEO. When I was a developer in a low cost of living area prior to moving to the bay area several months ago my salary was within 10% of the "Senior" engineer positions listed. This was at a non-profit, doing some really junior level CRUD work (so glad I'm not there anymore). I'll leave it as an exercise for the reader to discern whether that means the salaries are "lowball" or not. And it's for Buffer to determine whether it can afford more, what the Buffer-market-rate is, etc. Nobody else. Frankly I wish more companies were transparent about salaries. Information asymmetry is a killer when it comes to negotiations.
- nilkn 12y agoThe salaries are low for San Francisco but high for most of the country. The people working remotely are getting a great deal, provided they're using the opportunity to live cheaply. The people working locally in SF not so much.
- crdb 12y agoMaybe the lesson there is not to hire in SF, if you can make a global (or even national) workforce work.
- WalterSear 12y agoThey are low, even figuring in the locality pay.
- nilkn 12y agoI'm not sure I agree. Take the $88k salary for the frontend engineer. See if you can go get that salary with little experience out in Springfield, MO or a place like that. You'll be very lucky if you get $60k. I think you underestimate how much salaries plummet in truly cheap areas. You're probably thinking of "cheap" areas that aren't actually cheap at all, like Houston or Austin.
- WalterSear 12y agoI'm in SF, so I little expereince with the salaries in those places. It may be that it's their 'cost-of-living' difference that is at the heart of the issue.
- TheCoelacanth 12y agoIt seems like instead of being low across the board, their base salary is too high and the premiums for expensive locations and for experience are too low. For instance, a junior engineer working in Manilla is making a killing while a lead engineer working in San Francisco is getting horribly low-balled.