Re:LivingSocial: Employees' and Founders' Common Stock Now W...
by tlogan on Thursday February 21, 2013 @01:23PM
(#5259050)
I think you are 100% right.
However, in the current job market you really cannot hire without offering market rate. The perks are nice and part of classical negotiation game. The "culture fit crap" is their loss - the job market is very competitive now. So I don't think any reasonable startup is offering salary below market rate.
But, the main point I want to say is that the critical problem now is that all these new companies do not offer anything additional to compensation: no learning, no great mentorship, etc. Their entire secret sauce is in their business model: not in technology or software product. So young engineers will not learn new technologies, algorithms, etc. and have great mentors.
So the first thing I tell to my younger colleges is to find a job in some software company - preferably related to systems, networking, and storage. That where you find very very interesting projects (that you can put on your resume) and have great mentors.
However, in the current job market you really cannot hire without offering market rate. The perks are nice and part of classical negotiation game. The "culture fit crap" is their loss - the job market is very competitive now. So I don't think any reasonable startup is offering salary below market rate.
But, the main point I want to say is that the critical problem now is that all these new companies do not offer anything additional to compensation: no learning, no great mentorship, etc. Their entire secret sauce is in their business model: not in technology or software product. So young engineers will not learn new technologies, algorithms, etc. and have great mentors.
So the first thing I tell to my younger colleges is to find a job in some software company - preferably related to systems, networking, and storage. That where you find very very interesting projects (that you can put on your resume) and have great mentors.