This brings joy

https://reddit.com/r/technology/...

Bypass paywall:

A series of scandals and missteps has damaged Facebook's reputation so much that the company is being forced to pay ever larger compensation to hire and retain workers, according to industry recruiters, former employees, and data reviewed by Insider.

The company has always competed aggressively for talent, and the tech job market in general is on fire. But a deteriorating public image means the social-media giant now has to outbid other major tech companies, such as Google.

"One thing Facebook can still do is pay a lot more," said Jose Guardado, an experienced tech recruiter and the founder of Build Talent. "They can easily throw more compensation at people they currently have, and cover any brand tax and pay a little more to get people to come on."

Silicon Valley companies thrive or whither based on their ability to recruit the smartest employees. Without a steady influx of engineers and other technical experts, new products and important updates take longer to release, and rivals can quickly get ahead. Then there's the financial cost: In 2022, Facebook projected, expenses could jump as high as $97 billion from $70 billion this year, in large part because of "investments in technical and product talent." A company spokesperson did not respond to a request for comment.

Other companies, and even whole industries, have had to increase compensation to overcome hiring and retention problems caused by scandal and shifting public perceptions, said Alan Johnson, a managing director at the compensation consulting firm Johnson Associates. "If you're an oil company, if you make cigarettes, if you're in cattle or Wells Fargo, sure," he said.

How well this is working for Facebook is debatable as the company has more than 4,300 open jobs and has seen decreasing rates of acceptance on job offers, according to internal documents reported by Protocol. It's also seen dozens of high-level executives leave this year, and recruiters say employees are now more open to considering jobs elsewhere. Facebook used to be a place that people rarely left, given its reach, pay, and perks.

A former Oculus engineer who left last year said Facebook could now be seen as a "black mark" on someone's career. A hardware engineer who exited in 2020 shared similar sentiments: They said they quit because of concerns about misinformation on the platform and the effect of that on children. Another employee said their department was dissolved in late 2019 by Facebook and, although the company offered another position that paid more, they left last year anyway for a different industry. The workers, and many other people who spoke with Insider for this story, asked not to be identified because of the sensitive nature of the topic.

For those who stick around and people who take new jobs at Facebook, base pay and stock grants have gone up a "sizable" amount in the past year, said Zuhayeer Musa, cofounder of Levels.fyi, a platform that collects pay data based on verified offers and compensation disclosures.

During the second quarter of 2021, the median compensation for an upper-mid-level engineer, an E5, was $400,000, up from $380,000 a year earlier. For an E4, the median pay jumped to $276,000 from $256,000 in the same period. For both groups, the increases were double the gains between 2018 and 2019, Levels.fyi data showed.

Musa, who's firm also offers pay-negotiation coaching, said previously that the total compensation ceiling for an E5 engineer at Facebook was $450,000. "We recently had a client get up to $510,000 for E5," he added.

Equity awards at the company are getting more generous, too. At the group-director and VP levels, Facebook staff are getting $3 million to $6 million in restricted stock units each year, another tech recruiter said. Directors and managers are getting on average $1 million a year. In engineering, a high-level engineer is getting $600,000 in stock and a $75,000 bonus, while even an entry-level engineer is getting $50,000 to $100,000 in stock and a $20,000 to $50,000 bonus, Levels.fyi data indicated.

Even compared to Google, Facebook's stock awards are generous and increasing, Levels.fyi data shows. While base pay is about the same, Facebook offers more in stock grants, significantly increasing total compensation. At Google, entry-level equity awards range from $20,000 to $38,000, while Facebook grants are worth $40,000 to $60,000. Sign-on bonuses at Facebook are often about $50,000, while Google gives about $20,000, according to the data.

"It's not normal, but it's consistent with the craziness that's happening in the market right now," said Aalap Shah, a managing director focused on the tech industry at the consulting firm Pearl Meyer.

After coaching for Django Girls organization and GirlScript Summer of Code, it can be known I clearly have a thing for Django. So I decided to make a new Portfolio from scratch and this time, using Django (seemed a good idea as I wanted to migrate my blogs from Medium to the portfolio).

So, I made the project, got a domain name and hosted it on Heroku. Then it struck me to make my portfolio open source so everyone can use it to make their own! I am looking forward to add a lot new features and improve the existing ones. Here’s a link to it: https://github.com/hmangukia/...

Do create an issue if you feel something needs to be improved!

Projects, Blogs and Social Media handles can be added from the admin panel. If the user does not have coding background, the installation process might be tough. That is why, I am looking forward to add the Sign Up functionality so that the user does not have to go through all that hassle of installing and hosting the project.

If you are wishing to use this to make your Portfolio, please go through the installation steps in readme.md. I would be more than happy to help you install and host on Heroku if you get stuck :)

With the current economy in its rocky state, it is no surprise that firing levels have reached new highs in the world. According to a recent study conducted in the UK, former managers and workers who lost their lifelong jobs were able to get past their problems simply by keeping a positive attitude in mind. The theory of “mind over matter” is more applicable here than it is in many other situations as workers strive to get back a life they once had. If you have recently lost your job, you may want to focus on getting your spirits up, for instance, you can ask for help with resume writing services such as this one https://resumebros.com/, rather than spiraling into depression. By separating yourself from your former life, you may be able to see better success.

This study was published in “Organization Studies,” a journal that circulates in the UK. Researchers found that people who were able to see their job loss as a new start in life were much more capable of moving on and seeing success again. These patients viewed the change as a way to become self-employed or an excuse to volunteer and better their lives. Taking on a positive step led them to a reduced amount of trauma when compared to those that dwelled on the job loss.

The study consisted of men and women between the ages of 49 and 62 who were once senior workers in their industries with highly successful careers before them. I realize that most of the people reading this will be younger than that, but the theories from the study can resonate in any age group. The men and women in the study all suffered devastation after being laid off, and they coped with that devastation in different ways. Those that were able to separate themselves from their old jobs found it much easier to separate themselves from the pain of the loss.

All of these participants were enrolled in a program for older managers that recently encountered unemployment. The program was government funded and designed to allow out of work individuals to pick up with their lives and start again. The participants that were least successful with the program were the ones that saw their job loss as the end of their working time altogether, as if it was going to be the sole destruction of their lives. They did not handle emergency management well. Their negative attitudes forced them to cope worse than the positive attitudes of other participants.

As a whole, the study aimed to show that coaching, over the course of time, can help unemployed men and women find ways to get past their financial stumbles and get back into the work force again. Those who are willing to embrace the coaching can find themselves back into a state of financial success much faster than those who wallow in their situation. As long as these individuals can see themselves as capable, driven, and intelligent people who happen to be unemployed, they are usually able to make it back to where they need to be in life.

You can apply all of this to your own life and your path toward the future. If you lose a job that you assumed would help you after graduation, move on to something else. You may end up in a better place in the end. I recently lost a huge client of mine that paid me roughly $4,000 a month. I was devastated and a little panic stricken after the loss, but that allowed me to apply for new work with new clients. I now make twice the money from about half the work, all because I wasn’t reaching out to all my opportunities in the past. You may experience the same revelation if you keep a positive attitude.