Compensation

Silicon Valley Wage Growth Leads the Country

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If you work in Silicon Valley, chances are you made more money in 2013 than you did in 2012, according to the Bureau of Labor Statistics. Both Santa Clara and San Mateo counties saw an increase in average weekly wages during the second quarter last year compared to the same period of 2012. Wages in San Mateo County increased 8 percent year-over-year. Workers across the country, in a variety of industries, will likely see a 3.7 percent increase in salaries… continue…

SAP-Related Product Sales and Salaries to Rise

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Growth Trend
Employers continue to pay a premium for SAP skills and some talented pros might be more apt to go job-shopping this year than in the past. A survey by consulting and staffing company Red Commerce found three-quarters of SAP pros are planning to look for a new job in the next year. Drivers for this grass-is-greener-on-the-other-side-of-the-fence mentality may reside with growth in SAP’s core ERP products, which may prompt SAP pros to seek other opportunities at other SAP-related vendors. Additionally,… continue…

How Valve’s Culture Sets It Apart

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Half-Life
Like any other game company, Steam’s creator Valve faced challenges in recruiting talent during its early days. As a solution, CEO and Co-Founder Gabe Newell decided to focus on building a strong culture with unique practices. Recently, Newell told the Washington Post that his Bellevue, Wash., company has created a culture of management systems without managers, unlimited vacation and sick time, allowing workers to take on more than one role, and embracing out-of-the-box thinking. The strategy has paid off. Valve’s… continue…

Buffer Shares Staff Salaries in Bid for ‘Radical Transparency’

Posted In Looking in Tech
Transparency
Practicing what Joel Gascoigne, founder and CEO of Buffer, calls “radical transparency,” the company has made all its staff salaries public. In fact, the company, which enables clients to schedule posts for Twitter, Facebook and other social media sites, lists “Default to Transparency” as one of its nine core values. “In Silicon Valley, there’s a culture of people jumping from one place to the next,” Gascoigne told 99U. “That’s why we focus on culture. Doing it this way means we… continue…

Tech’s Unlimited Vacation Time a Scam?

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Vacation
With the holidays coming to a close, chances are a number of IT professionals are leaving unused vacation time on the table. A recent survey found working Americans will likely leave an average of 12 paid vacation days unused as they exit 2013 – a 30 percent increase from the year before, according to Hotwire.com’s third annual American Travel Behavior survey. These survey results bring into question the true value of the unlimited vacation time perk that companies are increasingly… continue…

Why More IT Pros Say ‘No Thanks’ to Becoming CIO

Posted In Looking in Tech
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Want to be a CIO? You’re in the minority. Long hours, lack of prestige and company politics have more IT pros saying they don’t aspire to become CIO, according to a Computerworld survey. Only 32 percent of the 489 IT professionals polled say they are still gunning for the CIO title, while 55 percent say “no thanks.” “Being a CIO doesn’t offer the opportunity to do the cool stuff that IT people like so much to do. It’s about meetings… continue…

Will Personal Loans Be a New Perk for Tech Workers?

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New House Loan
Could employee loans be the next big perk? Peer-to-peer lending marketplace Lending Club has reportedly been wooing the likes of Google to offer such a service. “The program we’re putting in place gives the ability for large companies with lots of employees to make loans to their employees and use their treasury reserves, on which they are earning like 1 or 2 percent, and put them to work,” Lending Club CEO Renaud Laplanche said in an interview with AllThingsD. “At… continue…

How Stock Options Work in VC-Backed Firms

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It’s good news when venture capital finds your company good enough to invest in. That’s when your boss will likely create an option pool for the employees she wants to keep. And since more tech firms are seeing venture capital investment, the likelihood of top talent receiving stock options is growing as well. The amount of venture money invested is rising, jumping 12 percent in the third quarter, and tech firms saw a big chunk of that money. Investment in… continue…

The ABCs of Stock Options at Early Stage Companies

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It’s not uncommon for early stage tech companies to pony up stock options to lure key employees on board. For a new business without a lot of cash available, it makes sense to offer options in lieu of hefty paychecks. From the company’s vantage point, employee options encourage people to work hard and feel like they’re “a part” of the business. But for employees, the considerations are much different. Given the demand for talented development people, the lure of stock… continue…

Software Engineers Earn More at Smaller Companies

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Money Roll
Amid the frenzy to hire top software engineers, the top names don’t necessarily pay the top salaries, according to a new report from Glassdoor. The report is based on the self-reported salary data of more than 33,000 software engineers. Juniper Networks leads its list at $159,990 in base pay, with LinkedIn ($136,427), Yahoo ($130,312), Google ($127,143) and Twitter ($124,863) rounding out the top five. But Walmart, at No. 8 ($122,110), comes in ahead of reported salaries at Facebook, eBay, Amazon… continue…