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Ask HN: Are there any tech companies throwing $$ at candidates these days?

by artemisyna on 5/8/22, 7:09 PM with 45 comments

Companies throwing $$ at for recruiting has been part of the normal ebb-and-flow of the tech industry for the past few years. Even as one company slows down hiring, another, usually pre-IPO company, is there to take its place.

However, with interest rates going up and funding going down, things seem to be tightening up.

So HN - Do any of y'all happen to know of any tech companies throwing $$ at candidates these days? I know the big tech companies are still pulling good numbers, for the ones that are still hiring, but I'm curious about the exceptional offers that we used to hear about a few years back. Have those completely dried up?

(Not actually asking for myself so much as to get a pulse on things.)

  • by anon_070522 on 5/8/22, 8:07 PM

    No, they have not dried up; about a year ago, I changed jobs, effectively doubling my already six-figure salary. I'm currently in the interview process again and from my experience so far, while I don't think I'll be doubling my salary, I do expect the position I end up taking will probably pay $30,000-$50,000 more than I currently make without any sort of jump in title.

    YMMV; I'm a senior cloud engineer with 8 years of experience (all non-FAANG), though no academic CS background. Another caveat: starting right before COVID, I made the decision to only ever work remote, so all my experience with the job market in the past few years is only with 100% remote positions.

  • by zdware on 5/8/22, 8:00 PM

    Market is very hot still and in favor of the candidate, atleast from my perspective. But I have 10+ years experience.

  • by lumost on 5/8/22, 8:15 PM

    Job market is hot, but the great race for comp seems to have died down. Big tech is still offering good money.

    Things will probably swing if/when the next great tech co IPOs successfully. Eyes on stripe, bricks etc.

  • by synicalx on 5/9/22, 1:32 AM

    My employer is currently spending a MASSIVE amount on recruitment globally, and we're still having a hard time hiring especially in California. We've got ads on every social media platform and job network, we've got booths at every career day and conference, we've hired extra recruiters on contracts AND subbed out to boat loads of 3rd party recruiters, and I'm pretty sure we've even started producing video ads for YouTube.

    Our offers are pretty generous I would say, not FAANG levels but way above "average" + good bonuses. We're not a "bad" company to work for either - high staff retention (some are nearing 20 years), good Glassdoor feedback, really generous with the WFH equipment (we've all got more monitors than we know what to do with), and I would say we're an almost universally liked brand all over the world. And despite all this, so far this year in our team we've managed to hire 2 people for the 8 vacant spots (with 6 more spots over 12 months). I hear from other teams it's basically the same story, they're even getting people quitting one week before they start due to a slightly better offer.

    tl;dr - I think there are still companies out there making obscene offers to some candidates, especially the senior and above tier ones. I wish they would stop because I'd also like to hire some people.

  • by spicyusername on 5/9/22, 12:06 AM

    I'd say the market is still very hot.

    Just got an offer for 20% more than my current salary after a few months of interviewing. I probably interviewed at 15 companies or so.

    There were a seemingly endless number of mid-to-senior operations and development positions available, so I only had to apply to companies I wanted to work for. I saw plenty of both remote and in-person.

    The only challenge was finding an increase in pay. I have 10+ years have experience, so many mid-range individual contributor positions were capped too low.

  • by tru3_power on 5/8/22, 8:15 PM

    Still very hot. What makes you feel things are “tightening” up?

  • by empressplay on 5/9/22, 2:05 AM

    There may be less money for new companies but 'established' startups still seem to be getting lots of that sweet, sweet VC cash. In for a penny, I guess

  • by samstave on 5/9/22, 4:39 PM

    NetSec, CISSPs, OpSec, basically anything security.

  • by kgc on 5/9/22, 6:36 AM

    Zoom