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Re:I think I know why you can't hire engineers right now by richardfey on Thursday January 13, 2022 @01:37AM (#29917528)
100k-200k on top of let's say 100k? So they would be making 250k per year? How common is this?
Re:I think I know why you can't hire engineers right now by eyjafjallajokul on Thursday January 13, 2022 @02:04AM (#29917689)
100k is below starting salary in the Bay Area or Seattle. Most senior folks make 300-450k with Staff level engineers making 600-800k.
Re:I think I know why you can't hire engineers right now by exdsq on Thursday January 13, 2022 @02:18AM (#29917761)
I don’t know if that’s true. I live in Palo Alto and know a fair few people at a fair few companies. Outside of a handful of companies they’ll only be hitting those with illiquid highly-valued stocks - not with base & bonus.
Re:I think I know why you can't hire engineers right now by suifbwish on Thursday January 13, 2022 @02:25AM (#29917811)
Sounds like someone who invested in property in the Bay Area or Seattle and is trying to get its value to go up. I would need to see numbers on that.
Re:I think I know why you can't hire engineers right now by Wiseacre on Thursday January 13, 2022 @02:26AM (#29917817)
Most? As in over 50% of all senior folk in the Seattle industry make 300-450k?
Re:I think I know why you can't hire engineers right now by verst on Thursday January 13, 2022 @02:39AM (#29917885)
Definitely not. Total comp of senior engineers at Microsoft in Seattle is nowhere near this. (I am one of those at this point in time)
Re:I think I know why you can't hire engineers right now by lhorie on Thursday January 13, 2022 @01:12PM (#29924350)
The point that kinda got lost here is that outside of the big tech circles, equity packages are basically non-existent. So, whereas in, say, Google Canada, you might make CAD 150k salary + 100k equity, in CGI[0], you might only make a CAD 120k salary with no equity grant for a similar level of seniority.

[0] https://en.wikipedia.org/wiki/CGI_Inc.

Re:I think I know why you can't hire engineers right now by dastbe on Thursday January 13, 2022 @03:09AM (#29918044)
It is an unfortunate truth that Microsoft's pay between entry level to somewhere around principal is not competitive with a substantial number of companies. That is not to say that Microsoft doesn't provide other benefits, but top tier compensation is not one of them.
Re:I think I know why you can't hire engineers right now by verst on Thursday January 13, 2022 @03:22AM (#29918114)
I don't mind. When I look at the vast majority of software engineering jobs out there even Microsoft compensation is good, and perfectly fine for Seattle.

I used to work at Google too (in Mountain View). Believe it or not I liked working at Google and I also like working at Microsoft.

I don't need to chase top tier compensation. I just do things I enjoy where I'm learning and my career can progress. Right now I'm mostly writing in Go working on an OSS project managed by the Cloud Native Compute Foundation.

As an aside, early retirement is not a goal of mine.

Re:I think I know why you can't hire engineers right now by dastbe on Thursday January 13, 2022 @03:34AM (#29918199)
to be clear i don't think you should mind if comp-maximization isn't your sole focus now (or ever).
Re:I think I know why you can't hire engineers right now by lhorie on Thursday January 13, 2022 @12:50PM (#29924025)
Keep in mind that in conversations about big tech compensation, the baseline is typically Bay Area salaries. This is the area where you can find the most public info on (e.g. levels.fyi). In my specific case, I'm talking about Toronto, where a senior dev salary for a local shop is around CAD 120k/yr. For comparison, a L5 role in Bay Area job offer is around USD 150-200k/yr salary plus another 100-150k equity (plus a few more thousands in yearly bonus). For Toronto specifically, these number more or less translate 1:1 (i.e. you could expect a CAD 150-200k salary + CAD 100-150k equity, for a total compensation of CAD 250-350k). In Bangalore, the total compensation after currency conversion is going to be significantly less than Toronto's in terms of absolute dollar value, though it'd still be quite above the local average.

For a public big tech company, USD 250k total compensation for a L5 in Bay Area is pretty low ball. For a pre-IPO company, you might be looking at USD ~200k/yr cash, and if you're lucky to go through an IPO while holding RSUs, you'd see a huge income spike on the IPO year. Note that pre-IPO companies still count paper equity in their TC numbers, so a 300k total compensation number might actually just be 200k cash + 100k paper money.