How accurate are these TC’s?
I’ve worked with recruiters in HR at two big tech companies. One was a Bay Area office for Huawei, one of the largest mobile phone developers in China. The offers I’ve helped push through were for all levels. But senior software engineers for example in the Bay Area were base pay $150k - $180k. Bonus was 25% if they negotiated well and requested it. Not a public company, and they offer no RSU’s. Also, we pay for a service called -ERI: Economic Research Institute. This gives competing salaries so we can offer what the industry offers. It’s very expensive but their software engineer listings for the Bay Area show base of $121-$170 with close to 5% bonus. These don’t factor in RSU’s. So my question is, are these TC real? Saying $200k-$400+ for a senior software engineer for example. Of examples like $400k RSU’s vested over 4 years. We have these engineers at my company who are seemingly happily getting paid for apparently so little! Either they don’t know any better, or can’t compete, or blind is waaaay skewed.
You're an industry professional. You might have just answered your own question.
Or you aren't hiring A level people. The TC numbers posted on blind are realistic.
I don’t understand why the competitive pay sites don’t include RSU’s. RSU’s have been 70-85% of my take home for years.
Exactly what my confusion is. We should just stop paying for these companies for the pay rate because it’s soo off for TC
Most companies have 150-180 base salaries for most employees. 180-220 is not as common. Only Netflix AFAIK pays 300+ in base
What’s AFAIK?
As Far As I Know, AFAIK
It is true my friend
Most likely don't know any better. I didn't before
RSUs in _a lot_ of startups end up being worth zero actual dollars when all is said and done. FAANG is an acronym for a reason - 500k in RSUs over 4 years in a company that never has an opportunity to actually sell those shares isn’t the same as actual shares granted in publicly traded stock.
It’s also true that there is a big difference between A, B, and C level people. Give me a team of 3 A level people over 25 C level any day. Most in FANG aren’t A, but aren’t C. Most A+ levels are going to be at a big company making top dollar.
I have had some recruiters contact me recently for some small/midsize company. They were looking for top tier and though they could match on salary, they were way off on TC. Like trying to offer $160-200K TC vs 350-400 for senior IC at fang. So it does seem there's kind of distinct levels in tech. A game to fang or gaandu and B game to the rest. Hopefully it gets more competitive on the tier two markets.
It sickens me when every stupid company thinks they deserve A-list talent and then says "oh but the best we can do is 120k base and private company stock, everyone works until 10pm but it's ok WE ARE A FAMILY" GTFO you are not SpaceX your only mission is to let your CEO and investors buy a bigger yacht.
It’s real, but not everyone will get that kind of TC