PSA: if you& #39;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& #39;ve looked. If you& #39;re looking, or thinking about a raise: ask for more.
If you& #39;d like a gut check on your salary, or an offer you& #39;re looking at, or on what you might ask for: please reach out. I& #39;m happy to share what I& #39;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& #39;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& #39;re a consultant? Now& #39;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& #39;t everything, especially when we& #39;re talking about some of these watering numbers. I& #39;ve regularly chosen less comp for a better job, and been really happy. But for those who want/need to optimize for compensation: there& #39;s an opportunity.
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