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Comment by stevebmark | Hacker News Reader

What companies are offering $250k/year for engineers?

TCO ain't paycheck offer

Salary + Taxes (Payroll, etc) + Fringe (Healthcare, etc) + Dev licenses + Training/conferences = paycheck * (n > 1.5)

When you add up salary + benefits + workplace amenities + taxes + software licenses and whatnot, you get there mighty quick.

I don't know what you mean by taxes, my question is about 250k base, excluding bonuses, stock, and excluding the supposed monetary value of benefits/training/travel/home office whatnot

In the US, companies are responsible for paying 50% of the medicare and social security taxes for each of their employees.

The statement was that the engineer is a $250k asset to the company.

Rule of thumb TCO for headcount is 1.5-2x salary to account for taxes, Medicare, health insurance, equipment cost, licenses, office square footage, stock options, travel, etc.

So a $250k asset from a business perspective is typically someone that makes $125k-$165k.

It seems like 200k+ is pretty typical for Engineers with at least some experience even in less hot markets like the Midwest. I know several developers in the Metro Detroit area making more than 200k base.

In Germany this type of experience would be paid 50k. So the license fee will hit be costly here.

Are you talking about total compensation where you add base salary, payroll taxes paid by employer, health & benefits, 401K contribution, possible bonus & equity, etc?

I see $160K salary ceilings for general "senior engineers" for vast majority of non-FAANG companies in high COL East Coast city, so I'd imagine midwest is $25K less since housing is so much cheaper.

But maybe salaries are really exploding, and I just haven't been paying attention.

I’m taking base. TC is even higher.

I meant base comp not TC. If you haven’t checked out the Team Blind app or https:://levels.FYI recently, the compensation right now for experienced developers is unreal.

At least Facebook, Apple, Amazon, Netflix, Google, Microsoft.

Pretty much any company operating in a major US city.

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