Re:TSMC eyes Germany as possible location for first Europe c...
by Heliosmaster on Monday July 26, 2021 @06:25AM
(#27957749)
For those companies involved in semiconductor industry, where machines cost 100M usd EACH... People are just a rounding error. Should we hire 100 more? 1000 more? Whatever
Re:TSMC eyes Germany as possible location for first Europe c...
by suction on Monday July 26, 2021 @06:44AM
(#27957882)
Keep in mind that for a high-profile engineer or lead who expects to make 400k at least per year, the company would actually have to pay him 800k to make that much net. Labor cost in Germany is sky high.
That times a thousand is not insignificant.
Re:TSMC eyes Germany as possible location for first Europe c...
by lentil_soup on Monday July 26, 2021 @07:15AM
(#27958055)
According to [1] if you make 400k a year your employer has to pay 413k in total
[1] https://www.brutto-netto-rechner.info/gehalt/gehaltsrechner-...
Re:TSMC eyes Germany as possible location for first Europe c...
by qwytw on Monday July 26, 2021 @07:39AM
(#27958217)
I assume they mean 400k net, if the employer pays 413k you only get 206k after tax. While the tax burden seems huge in this case, it's not that different in the US, though. For example you'd get around 225k in California (with no deductions).
Re:TSMC eyes Germany as possible location for first Europe c...
by FabHK on Monday July 26, 2021 @07:38AM
(#27958206)
Yes, if you get 400k gross, your employer has to pay 413k, but you only get 221k net after deduction of taxes and obligatory insurances (according to that very same calculator).
Re:TSMC eyes Germany as possible location for first Europe c...
by datenarsch on Monday July 26, 2021 @07:34AM
(#27958177)
no engineer makes 400k a year in Germany. This is not the US, sadly.
Re:TSMC eyes Germany as possible location for first Europe c...
by suction on Monday July 26, 2021 @09:52AM
(#27959342)
"net" is the keyword here.
Re:TSMC eyes Germany as possible location for first Europe c...
by lentil_soup on Tuesday July 27, 2021 @06:21AM
(#27970731)
sure, but that's an unfair comparison then, when people say they make 400k they mean before taxes
Re:TSMC eyes Germany as possible location for first Europe c...
by iSnow on Monday July 26, 2021 @10:51AM
(#27960095)
400K in Germany is upper management level, not C-suites, but most certainly not engineering either.
Re:TSMC eyes Germany as possible location for first Europe c...
by oezi on Tuesday July 27, 2021 @03:57AM
(#27969797)
To be precise: 400k or higher is a salary only paid at the top 30 (Dax companies) to C-Level executives.
If you own the business there are other tiers of compensation available, but employees in Germany very rarely make more than 150k in any position. CEOs of medium sized businesses up to 500 employees would likely not be compensated more than 200k. Other C-level even less.
Re:TSMC eyes Germany as possible location for first Europe c...
by _ph_ on Monday July 26, 2021 @10:14AM
(#27959583)
I don't know where you get the 400k number for an engineer, typical salaries are rather about 100k, somewhat more, a lot less.
Re:TSMC eyes Germany as possible location for first Europe c...
by arrrg on Monday July 26, 2021 @01:17PM
(#27962116)
That‘s different from the US how exactly?
$800k/year in San Francisco as a single is $436k/year net. In Germany that’s $431k/year net.
You should argue with lower (more realistic) salaries. Social insurance (including health insurance, pension) is capped, meaning if you earn above a certain level you won’t have to pay any more. This means that those aspects play a diminutive role (about $15k) at your named salary level.
Re:TSMC eyes Germany as possible location for first Europe c...
by Akronymus on Monday July 26, 2021 @08:01AM
(#27958379)
And that 800 is what you see on your paycheck. The company pays around double that in total.
Re:TSMC eyes Germany as possible location for first Europe c...
by _ph_ on Monday July 26, 2021 @10:12AM
(#27959567)
No, there are only very little payments beyond the pay check. The employee does of course only get payed out a large part of the pay check, the rest goes to taxes and social insurances.
Also, salaries usually only account for low single digit percentages of opex in high tech production, so ready availabilty of the needed specialists is probably more important.