speaking of salary for engineers and remote workers…

[Coronita]

maybe i shouldnt have moved into management and stuck with android just being an android engineers.

This isnt bad, even before negotiations.

Fully remote i think. arrived in my inbox today..I initially blew them off because they said they were looking for a senior android engineer, and i said im only interested in positions at my current level/responsibility… and the recruiter threw out the comp numbers. not google or facebook or big fang company. startup…

[img_assist|nid=27414|title=android guy|desc=|link=node|align=left|width=553|height=400]

[Coronita]

this is why you don’t piss off your mobile engineers these days otherwise it’s going to cost you a lot

[Coronita]

So one thing that is interesting is.

Let’s say someone here in san diego works remotely and gets the offer for $225k versus say a $135k pay for doing something equivalently paid here in san diego. How does this difference really make.

Well forget about the stock grants and health, etc benefits for comparison….

With 401k match, that’s 5% of the annual salary. So for the bay area remote job, that’s $236.25k/year.
For the san diego local wage company, with a 5% match, that’s $136.5k/year

Thats roughly 1.73:1 ….

Working at the bay area remote job for 6 years is equivalent to working at the san diego job for 10.4 years. You’re basically shaving 4 1/2 years off working for someone to achieve the same financial state as someone that puts in 10.4 years.

You’re a lot less likely to get laidoff within 6 years of an high tech job versus being around the block for 10+ years…And even if you get laidoff at the 6 years mark, you still have a 4 year advantage to figure out what next to do versus the locally SD paid person.

Of course this doesn’t consider the different tax rate of say someone grossing $236k versus $130k, and so that does make a difference too.

But at the flip side to this is, if you’re earning $236k here versus $130k, you’re also in a much better position to obtain home ownership a lot earlier, and capping your living expenses earlier…

[barnaby33]

So leads, or directors? I’m terminology confused. A lead does work, a director manages people who do work. Or am I wrong here?
Josh

[barnaby33]

Also fully remote that’s great, but the numbers you’re quoting don’t seem to support that. Most of the high paying places are pushing to get bodies back in office seats. Those that aren’t are most likely hiring remote and paying local wages + a bit of a premium.
Josh

[Coronita]

well, according to the recruiters some people who were formerly in management decided to go back to being pure technical for this company because the pay and stock comp this company was offering was way above what some directors make down here. Basically, when the recruiter contacted me, she asked if i was interested in a senior engineer position..I thought again this was one of those bottom fishing recruiters that were not even bothering to read peoples profile, so i replied basically telling her to please read my profile, as i would only consider position at or above my roles and responsibilities and comps…Thats when she responded and gave me what numbers her senior android engineers were seeing. I checked out the company, its legit… FinTech startup in SF. i just left the company name off of this post out of consideration for them. But anyone interested, im happy to DM people the recruiters contact.

i thought about this because it did cross my mind. Easier job, comparable comp package for lower position than my current position, probably could ask for more if i really was the right candidate…but then again i swore i would never take a demotion even if the comp was better. You dont have to believe it if you dont want to…your potential loss opportunity, just like every other lost opportunity for being a perma skeptic.

Some peoplee dont mind a 2% COLA raise based on old SD wages. I guess thats how some companies down here can still get away with it….probably not a company that has a material footprint in mobile software though..

[barnaby33]

your potential loss opportunity, just like every other lost opportunity for being a perma skeptic.

There’s the asshole! Way to go FLU. I was simply questioning what you’d posted and you went all ad-hominem.
Josh

[an]

[quote=barnaby33]Also fully remote that’s great, but the numbers you’re quoting don’t seem to support that. Most of the high paying places are pushing to get bodies back in office seats. Those that aren’t are most likely hiring remote and paying local wages + a bit of a premium.
Josh[/quote]
Google backtrack
https://www.cnn.com/2021/05/05/tech/google-office-remote-work-pandemic/index.html

[Coronita]

[quote=barnaby33]

your potential loss opportunity, just like every other lost opportunity for being a perma skeptic.

There’s the asshole! Way to go FLU. I was simply questioning what you’d posted and you went all ad-hominem.
Josh[/quote]

Dude, I was referring generally to people who don’t want to believe, that’s fine. If people want to be skeptic or be a perma skeptic on everything, that’s fine too. There could be lost opportunity, there might not be. One will never know… Same could be said for all the doubters for crypto, inclusive.

Didn’t mean to strike a nerve and for you to take it personally…

[sdrealtor]

[quote=barnaby33]

your potential loss opportunity, just like every other lost opportunity for being a perma skeptic.

There’s the asshole! Way to go FLU. I was simply questioning what you’d posted and you went all ad-hominem.
Josh[/quote]

In work as in life, investing and real estate there are those who take the ultra conservative route. Some take it one place but not other places. Those that take it everywhere live extremely self limiting lives. Not everyone chooses that path and while neither side is wrong they shouldn’t be so myopic as to believe there aren’t other better routes in life they are simply too uncomfortable to pursue

[gzz]

Fintech is a bubble IMO.

Plain old visa works fine.

They seem to target very subprime: people who don’t have $200 for an online purchase.

Or else they just replicate a 50 year old tech…. But with an App! Like square.

Or crypto scams.

It’s not that there’s no market or the companies are bad, just that they’ll never justify their absurd valuations with real cash profits.

Similar for B2B cloud software companies. Tons of them in a fairly mature sector with no profits and P/S above 10. Just how big a market do people think HR and CRM software is?

[carlsbadworker]

[quote=gzz]Fintech is a bubble IMO.

Plain old visa works fine.

They seem to target very subprime: people who don’t have $200 for an online purchase.

Or else they just replicate a 50 year old tech…. But with an App! Like square.

Or crypto scams.

It’s not that there’s no market or the companies are bad, just that they’ll never justify their absurd valuations with real cash profits.

Similar for B2B cloud software companies. Tons of them in a fairly mature sector with no profits and P/S above 10. Just how big a market do people think HR and CRM software is?[/quote]

Facebook was in very mature sector with an app. Look how big they’ve become. I’m not discounting all the good points you made, I just feel that we need to have some humility toward SaaS businesses.

[svelte]

When companies give a salary range, they typically use the higher number as bait…they’ll try and start you off at the lower number (which isn’t too shabby, granted).

[Coronita]

[quote=svelte]When companies give a salary range, they typically use the higher number as bait…they’ll try and start you off at the lower number (which isn’t too shabby, granted).[/quote]

Probably won’t work in this market.

https://www.sandiegouniontribune.com/business/story/2021-07-13/employers-bow-down-to-tech-workers-in-hottest-job-market-seen-since-the-dot-com-era

Last month, employers posted more than 365,000 job openings for IT workers, the highest monthly total since September 2019, according to IT trade group CompTIA. The positions highest in demand include software developers, IT support specialists, systems engineers and architects.

The demand has been attributed to all sorts of things. During the pandemic, businesses that had been slow to adopt enterprise software began rapidly catching up. A tidal wave of productivity software, conferencing and collaboration tools, and e-commerce tech flooded the world. The same was true for consumer tech, with video game development, entertainment tech and social platforms booming.

Interesting also that:
https://www.sandiegouniontribune.com/business/story/2021-06-23/san-diego-has-more-remote-friendly-jobs-than-nearly-all-other-startup-cities-report-finds

Anyway, I finished hiring my 4 mobile engineers. I have 1 floater position left either android or ios. Hiring was suppose to complete end of February. It’s middle of July….We basically gave a comp package halfway between the San Diego and Bay Area to the person here in San Diego, and the high side of what would be a normal SD comp package to people that will be remote out of Sacramento, Texas , and Tennessee

[Coronita]

So update….

One of my senior engineers in Florida put in a request to relocate and work remotely from…South Dakota….

Complained florida now sucks, and rather work in a less crowded and rustic place like South Dakota.

My other engineer from San Diego (young person) decided to not renew his SD lease and wants to try working out of his RV that will be going across the country for the remainder of the year. I called him the “Nomadic Software Engineer”… lol. I was like “Cool. I wish i didn’t have a family to tend to!”…

I approved both requests….

[Author]

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