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PSA: if you're in tech, know that comp is up A LOT (10% - 50%) over last year. This is most pronounced at FAANG and for Senior-plus level engineering roles, but is true to a lesser extent nearly everywhere I've looked. If you're looking, or thinking about a raise: ask for more.
If you'd like a gut check on your salary, or an offer you're looking at, or on what you might ask for: please reach out. I'm happy to share what I'm seeing, and any thoughts specific to you and your role.
To give one specific example: I know of a few people — staff-plus engineers; director-plus managers — making over $1M in total comp. These are outliers, but before 2021 I'd only heard of those much at those levels once or twice; now I know of at least a half-dozen.
Oh and if you're a consultant? Now's a great time to raise your rates. Companies are struggling to hire (same root cause as those high salaries), and all the consultants/contractors I know are slammed. You could possibly double your rates and still be fully booked.
I should probably also add: comp isn't everything, especially when we're talking about some of these watering numbers. I've regularly chosen less comp for a better job, and been really happy. But for those who want/need to optimize for compensation: there's an opportunity.
