I just left my company that swore up and down that they work hard to pay competitive market salaries. They claim to have all this fancy compensation market data compiled by experts. I don't know why they trust this data so much, but it consistently shows lower salaries than even Glassdoor or Payscale, which tend to be lower than surveys like this one.
They don't criminally underpay or anything, but they are on the low side of average and I've been insisting that they are 20-30% under market on just base salary alone for high caliber people. No RSUs and there's some cash bonuses (maybe up to ~10%) and other near-cash perks but nothing super significant.
Well, jokes on them, I just accepted a new non-FAANG gig for a nearly-25% base salary increase, plus a significant initial RSU grant of ~1.5x salary, plus other bonus potential. And I'm more excited about the company and work anyway.
It's bananas out there right now, go get it while you can.
They don't criminally underpay or anything, but they are on the low side of average and I've been insisting that they are 20-30% under market on just base salary alone for high caliber people. No RSUs and there's some cash bonuses (maybe up to ~10%) and other near-cash perks but nothing super significant.
Well, jokes on them, I just accepted a new non-FAANG gig for a nearly-25% base salary increase, plus a significant initial RSU grant of ~1.5x salary, plus other bonus potential. And I'm more excited about the company and work anyway.
It's bananas out there right now, go get it while you can.