Do all the things like ++ or -- rants, post your own rants, comment on others' rants and build your customized dev avatarSign Up
From the creators of devRant, Pipeless lets you power real-time personalized recommendations and activity feeds using a simple APILearn More
Search - "who's hiring?"
This brings joy
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.10
This is just straight up a joke. Head of data science has had us implementing something based on a paper.
I raised some "concerns" about it a while ago. Found out today they'd not even read the paper. We're pretty sure what we've been asked to work on doesn't solve the problem it's meant to solve...3
I had a pretty good year! I've gone from being a totally unknown passionate web dev to a respected full stack dev. This will be a bit lengthy rant...
- Got my first full time employment dev role at a company after being self-taught for 8+ years at the start of the year. Finally got someone to take the risk of hiring someone who's "untested" and only done small and odd jobs professionally. This kickstarted my career, super grateful for that!
- Started my own programming consulting company.
- Gained enough confidence to apply to other jobs, snatched a few consulting jobs, nailed the interviews even though I never practiced any leet code.
- Currently work as a 99% remote dev (only meet up in person during the initialization of some projects.) I never thought working remotely could actually work this well. I am able to stay productive and actually focus on the work instead of living up to the 9-5 standard. If I want to go for a walk to think I can do that, I can be as social and asocial as I want. I like to sleep in and work during the night with a cup of tea in the dark and it's not an issue! I really like the freedom and I feel like I've never been more productive.
- Ended up with very happy customers and now got a steady amount of jobs rolling in and contracts are being extended.
- I learned a lot, specialized in graph databases, no more db modelling hell. Loving it!
- Got a job where I can use my favorite tools and actually create something from scratch which includes a lot of different fields. I am really happy I can use all my skills and learn new things along the way, like data analysis, databricks, hadoop, data ingesting, centralised auth like promerium and centralised logging.
- I also learned how important softskills are, I've learned to understand my clients needs and how to both communicate both as a developer and an entrepeneur.
- First job had a manager which just gave me the specifications solo project and didn't check in or meet me for 8 weeks with vague specifications. Turns out the manager was super biased on how to write code and wanted to micromanage every aspect while still being totally absent. They got mad that I had used AJAX for requests as that was a "waste of time".
- I learned the harsh reality of working as a contractor in the US from a foreign country. Worked on an "indefinite" contract, suddenly got a 2 day notification to sum up my work (not related to my performance) after being there for 7+ months.
- I really don't like the current industry standard when it comes to developing websites (I mostly work in node.js), I like working with static websites (with static website generators like what the Svelte.js driver) and use a REST API for dynamic content. When working on the backend there's a library for everything and I've wasted so many hours this year to fix bugs and create workarounds related to dependencies. You need to dive into a rabbit hole for every tool and do something which may work or break something later. I've had so many issues with CICD and deployment to the cloud. There's a library for everything but there's so many that it's impossible to learn about the edge cases of everything. Doesn't help that everything is abstracted away, which works 90% of the time but I use 15 times the time to debug things when a bug appears. I work against a black box which may or may not have an up to date documentation and it's so complex that it will require you to yell incantations from the F#$K
era and sacrifice a goat for it to work properly.
- Learned that a lot of companies call their complex services "microservices". Ah yes, the microservice with 20 endpoints which all do completely unrelated tasks?