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but who needs to save for retirement when all the computer touching bourgeois will be third in line for guillotines after the politicians and the billionaires
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Aug 2, 2017 19:04
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mishaq posted:
oh i should have mentioned that ive never seen any kind of vesting schedule. across the board any matches ive seen (admittedly only at two companies) were instantaneous like seriously what's the point. it's not that much money, i aint gonna stick around for that
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Aug 2, 2017 19:07
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my company does a 50% match up to a max of 1.5% and it takes three years for their contributions to fully vest. it sounded like such garbage i didn't really consider paying in
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Aug 2, 2017 19:13
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HoboMan posted:my company does a 50% match up to a max of 1.5% and it takes three years for their contributions to fully vest. it sounded like such garbage i didn't really consider paying in lol that's more insulting than offering no match
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Aug 2, 2017 19:29
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as long as the funds aren't extortionate garbage it's still worth to put money in the 401k regardless of matching, as the IRAs limit you to 6k/yr or whatever while the 401k lets you put in 18k but any matching is slam dunk free money. even with extortionate garbage funds, as long as you roll that money out when you leave
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Aug 2, 2017 19:30
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I once worked for a place that did a one half of one percent match. And yes, I clarified that it wasn't a 50% match up to x-dollars or y%. The HR guy actually got all  about it, like: "Check us out, loving our people over".I mean, I still worked there and left for different reasons (working for a VAR is poo poo) but goddamn.
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Aug 3, 2017 03:50
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apologies for the 401k derail. I feel very liberated. I am giving myself a month off before the next gig. Hard stop at 40 hours/wk 
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Aug 3, 2017 04:59
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companies don't offer a match because it makes employees happy. that would be a dumb use of money. easier to just put it directly into wages. 401k matching is more or less required by the irs. every 401k program has to face a "means test." a large fraction of total contributions must come from regular employees, not executives or highly compensated computer touchers. congress and the irs don't want you running a 401k that only benefits the richest staffers. if your company is full of fiscally prudent people, there will be little or no matching because the program sails through the means test easily if your company is full of slack-jawed yokels, the matching is gonna be very generous, or maybe even just cash contributions w/out matching, in order to pass that means test and retain the sweet, sweet tax shelter for the execs.
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Aug 3, 2017 18:42
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 The figgies were even better than I'd hoped.
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Aug 3, 2017 18:45
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my job has a base-level additional contribution amount + an additional matching schema im not sure if its for means testing reasons; salaries around here are probably kind of weird in some cases but it also might be some employee consolation since they got rid of offering pensions to employees at a point in the past
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Aug 3, 2017 18:50
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Wrath of the Bitch King posted:
Nice.
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Aug 3, 2017 19:00
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Notorious b.s.d. posted:companies don't offer a match because it makes employees happy. that would be a dumb use of money. easier to just put it directly into wages. lol if 401k contribution limits are enough to be considered a "sweet sweet" tax shelter by your execs
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Aug 3, 2017 19:28
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mishaq posted:lol if 401k contribution limits are enough to be considered a "sweet sweet" tax shelter by your execs the C levels probably need to throw a bone to the director levels?
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Aug 3, 2017 19:50
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Notorious b.s.d. posted:companies don't offer a match because it makes employees happy. that would be a dumb use of money. easier to just put it directly into wages. this actually makes sense because as I've worked for smaller and more concentrated companies my 401k match has dropped
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Aug 3, 2017 20:18
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mishaq posted:lol if 401k contribution limits are enough to be considered a "sweet sweet" tax shelter by your execs it's a $53,000 a year contribution to an investment portfolio that remains tax-free forever, and the tax shelter is inheritable yeah it ain't that much on year one, but across 20 years and passed onto your heirs it stacks up really, really deep. it's a big enough deal that execs will spend company money on matching funds just to keep the 401k shelter for themselves
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Aug 3, 2017 22:03
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if your wealth is enumerated in millions rather than billions, the 401k tax shelter is very significant. probably the single best one you have
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Aug 3, 2017 22:06
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can’t you also have fun loopholes like r-money where you use it to buy stocks in such a way that it amasses millions?
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Aug 3, 2017 22:11
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Notorious b.s.d. posted:it's a $53,000 a year contribution to an investment portfolio that remains tax-free forever, and the tax shelter is inheritable fair enough
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Aug 3, 2017 22:20
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Punkbob posted:can’t you also have fun loopholes like r-money where you use it to buy stocks in such a way that it amasses millions?
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Aug 4, 2017 06:49
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this is beginning to sound like a buttcoin scheme
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Aug 4, 2017 06:56
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qirex posted:this new open plan office will revolutionize our siloed business! *seats developers 1/4 mile away from the product team* we recently moved our entire software department to a different building down the street
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Aug 4, 2017 08:24
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we are running out of space and the entire it team is hoping they cloister us off in a separate location
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Aug 4, 2017 08:35
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im currently sitting in an ~agile space~ that used to be offices just 3 months ago. at least now i can see daylight.
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Aug 4, 2017 14:08
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MeruFM posted:this is beginning to sound like a buttcoin scheme yeah the only difference is these guys actually know what they're doing
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Aug 4, 2017 14:57
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I'm currently attempting to negotiate a contract position in Boston. It's a bit of a jack of all trades position (front end, back end, hardware, mechanical engineering design, pcb design) and they asked me how many figgies and I told them I currently make $40/hour (current + some more) and they mistook that as me wanting $40/hour and tried to offer me that and vaguely hinted that $40/hour was a hard amount to request from their boss. This is a great jump in responsibility and duties. I have 0 idea of what to ask for. Any suggestions? For all the skills they need, I have about 5 years total experience.
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Aug 4, 2017 15:32
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huhu posted:I'm currently attempting to negotiate a contract position in Boston. It's a bit of a jack of all trades position (front end, back end, hardware, mechanical engineering design, pcb design) and they asked me how many figgies and I told them I currently make $40/hour (current + some more) and they mistook that as me wanting $40/hour and tried to offer me that and vaguely hinted that $40/hour was a hard amount to request from their boss. This is a great jump in responsibility and duties. I have 0 idea of what to ask for. Any suggestions? For all the skills they need, I have about 5 years total experience. as a rule of thumb, you want approximately 2x as much as you would expect to make as a regular, non-contract employee. there are a lot of costs around being a contractor.
you are probably not going to come around to a successful negotiation on this one. negotiating up from $40 to 60-80 an hour is gonna be hard (also, have you looked at the cost of living in boston?) Notorious b.s.d. fucked around with this message at 15:37 on Aug 4, 2017 |
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Aug 4, 2017 15:35
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huhu posted:I'm currently attempting to negotiate a contract position in Boston. It's a bit of a jack of all trades position (front end, back end, hardware, mechanical engineering design, pcb design) and they asked me how many figgies and I told them I currently make $40/hour (current + some more) and they mistook that as me wanting $40/hour and tried to offer me that and vaguely hinted that $40/hour was a hard amount to request from their boss. This is a great jump in responsibility and duties. I have 0 idea of what to ask for. Any suggestions? For all the skills they need, I have about 5 years total experience. Is it 1099 contract or W2? Because if you're going to be self employed that sounds super low. If it's through an agency that's a bit better but still sounds weak. Look for contract job listings in your area for comparison? Like b.s.d. said if it's 1099 you want around 2x what a desired salary would be, for W2 I'd say 130-150%. Also if you're self employed stuff like health insurance can be a killer, I was over $600/month before I took my gig [but I'm an old so it might not be that bad for you].
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Aug 4, 2017 15:51
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qirex posted:Is it 1099 contract or W2? Because if you're going to be self employed that sounds super low. If it's through an agency that's a bit better but still sounds weak. Look for contract job listings in your area for comparison? Like b.s.d. said if it's 1099 you want around 2x what a desired salary would be, for W2 I'd say 130-150%. contract employees should earn more per hour (sometimes a lot more) because theyre usually giving up - benefits (medical/dental/etc) - retirement (no 401k match) - bonuses - stock options - raises - promotions - paid time off - other perqs (like training allowances and conference travel) - severance when you leave 1099 is especially brutal because you have to pay the share of your federal tax and state tax and disability and social security that your employer usually pays, on top of your regular deductions. plus you have to pay your own regular deductions. thats the "self employment tax" and its usually a 15%-20% hit to your earnings right off the top, and you have to carefully deduct it yourself and send it in every quarter and its incredibly easy to gently caress up and get into tax trouble over
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Aug 4, 2017 16:00
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I lived for a year in Cambridge off of $12/hour. I'm just trying to climb up from there. I've gone from that to $25/hour to $35/hour in 6 months. This contract would end in December so maybe then I get full-time and make more. You guys raise some good points. I now have even more questions to ask. I assumed it was through an agency that they'd hire me but it doesn't actually sound like it.
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Aug 4, 2017 16:01
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I always chuckle a little at stories where companies try to play hardball when acquiring devs because those openings seem to never get filled seeing how the listing stays up for months and months.
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Aug 4, 2017 16:15
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huhu posted:I lived for a year in Cambridge off of $12/hour. I'm just trying to climb up from there. I've gone from that to $25/hour to $35/hour in 6 months. This contract would end in December so maybe then I get full-time and make more. if they are offering you $40/hour as a contractor, they will offer you $20/hour as an employee they know the math on this as well as we do!
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Aug 4, 2017 16:17
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This position seemed so awesome at the start. They reached out to me, I didn't even need to apply. It sounds like I have the advantage since they need someone to start by September 5th so the prototype I'd be building for the client would have a project leader since it currently appears to not have one. I didn't ask but I'm thinking he probably quit. One part is due in October and another part is due in December. I imagine they want to try and work me 60 hours/week whereas now I barely hit 40 which is lovely. Ugh. I did just leverage this into an in person interview at 3PM today though for a full time developer position so there's that.
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Aug 4, 2017 16:24
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huhu posted:This position seemed so awesome at the start. They reached out to me, I didn't even need to apply. It sounds like I have the advantage since they need someone to start by September 5th so the prototype I'd be building for the client would have a project leader since it currently appears to not have one. I didn't ask but I'm thinking he probably quit. One part is due in October and another part is due in December. I imagine they want to try and work me 60 hours/week whereas now I barely hit 40 which is lovely. Ugh. if you knew they were desperate, you should have started by asking for 2-3x what you wanted.
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Aug 4, 2017 16:27
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They definitely have some communication issues, perhaps because the hiring manager is not a native English speaker. I said I currently make $40/hour and they thought that's what I wanted. Lesson learned I guess. Never say anything about salary first. And of course - interviewing and job hunting is garbage.
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Aug 4, 2017 16:31
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I never disclose what I currently earn, only what I want to earn, and that's usually in expectation of being haggled down. Any company that cannot figure out the correct wage to pay you based on your demands and the market is not worth the hassle working for.
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Aug 4, 2017 17:32
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qhat posted:I never disclose what I currently earn, only what I want to earn, and that's usually in expectation of being haggled down. Any company that cannot figure out the correct wage to pay you based on your demands and the market is not worth the hassle working for. if they force me to say what I currently earn, I'm likely to just say what I want to earn and hope for getting like 10-20% above that. the system works 
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Aug 4, 2017 21:19
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just finished a half day of interviews I feel like PISSSSSSSSSSSSSSSSSSSSSSSSSSS
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Aug 4, 2017 21:36
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HoboMan posted:we are running out of space and the entire it team is hoping they cloister us off in a separate location
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Aug 4, 2017 21:45
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Elysiume posted:great planning by management
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Aug 4, 2017 21:50
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When I asked about runway during an initial chat with a startup they answered by saying can't say exacts because we need you to sign an nda but we just signed a 5 year lease and money is no object. That's a bad sign, right?
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Aug 4, 2017 21:58
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