Research a bit about Netflix's comp philosophy and this will make more sense.
It's not bubble compensation. They aim to beat what someone else will pay for your skills, as long as they want you working there.
Until recently, they also only hired at a single IC level so the range was probably narrower.
So what happened in 2020-2022 where everyone was willing to pay more and more for the same skill sets?
I think we're agreeing on the same thing here, I am saying they will never pay $700k now, but they probably have someone at that comp level, so they have to list that in the range.
Netflix has always paid top of the market. They haven't dropped their salaries. Period, end of sentence.
But the company needs to fill particular niches, right? So if their philosophy doesn’t allow them to advertise for more or less experienced coders, it seems like they are signing themselves up for a more difficult filtering problem?
I guess that’s why they are unusual. If this sort of thing became really widespread, it would be easy to write a law with more onerous reporting requirements. Maybe we should require a distribution of salaries for that role, for example.