Join devRant
Do all the things like
++ or -- rants, post your own rants, comment on others' rants and build your customized dev avatar
Sign Up
Pipeless API
From the creators of devRant, Pipeless lets you power real-time personalized recommendations and activity feeds using a simple API
Learn More
Search - "data engineering industry"
-
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.10 -
I think I just miiiight have found a new job, but before, some comments about the state of the data engineering industry:
- Sooooooo many people outsource it. Man, outsourcing your data teams is like seeing the world through an Apple Vision Pro fused to your skull. Fine if it is working well, but you will go blind of your subscription expires. Or if Apple decides to ban you. Or if they decide to abandon the product... you are entirely dependent on their whims. In retrospect this is par for the course, I guess.
- Lots of companies think data engineering *starts* with an SQL database. Oh, honey, I have some bad news.
- Quite a few expect MS POWER BI will be able to deliver REAL TIME DASHBOARDS summarizing TERABYTES of data sourced from SQL SERVER (or similar). Facepalm.
- Nearly all think the handling of data engineering products is just like that of software engineering. Just try. I dare you.
- Why people think that "familiarity in several SQL dialects" is something to brag about?
- Shit, startups. Startups are dead, boomers. Deader than video rental physical stores.
That's all. On to the next round of interviews! -
Since graduation, I have worked in IT for 2 years, mostly in testing and implementation side. Finally I got a developer position in the field I wanted (Data Engineering). I had never thought that it would be such a soul crushing experience. My current company is very notorious for its bad management practices, but there is indeed a bigger picture to this. The IT industry in general has devolved into a gigantic ponzi scam built on exploitation and BS. Quality of solution and quality of work was replaced with a ‘Does it work now?’ approach with zero contingency. And the fact that geeks and nerds are naive only helps the white collar crooks to exploit them as code monkeys. Fuck all of this!1
-
Lots of good suggestions up in here.
My personal prefference:
Such as there are governing bodies indiciating how a programming language evolves and a web consortium...there should be a computer science one. That dictates fundamental approaches covering everything that belongs to this wonderful branch of science. Everything from math to differenr scientific branches all the way down to turtles. And for it to be standarized and updated. Indeed, if you want to spend your entire existence gobbling js in the form of web sites then that is fine, but you should have sufficient knowledge to branch out into more academic pursuits if required.
Also, updated tools would be better, every aspiring computer scientist shall be able to navigate through all major operating systems and programming environments regardless of their beliefs and or prefferences and schools should provide said environments in their classrooms.
Data Strucrutes and Algorithms should be a must. Software engineering principles should be a must. Calculus, Algebra and Statistics as well as Physica should be a must.
And succesfully navigating over different engineering areas should be a must.
Not to cleanse the industry. Fuck your elitist mentality. If you think that programming is a sacred art that should exclude people then I really hope you fucking disapear from existence. No, not to cleanse. But to expand the industry and maybe show people that there is more than fucking around between node modules or gemsets.
Peace pendejos
**drops your mom's fatass...i mean mic** -
1. Teach DS and Algos. Not basics but advanced data structures and the ones that are recently published.
2. DBMS should show core underlying concepts of how queries are executed. Also, what data structures are used in new tech.
3. Teach linkers, compliers and things like JIT. Parsers and how languages have implemented X features.
4. Focus on concept instead of languages. My school has a grad course for R and Java. (I can get that thing from YouTube !!)
5. Focus a little on software engineering design pattern.
6. It's a crime to let a developer graduate if he doesn't know GIT or any version control. Plus, give extra credits for students contributing to open source. Tell them if they submit a PR you get good grades. If that PR gets merged bonus (straight A may be ?)
7. Teach some design pattern and how industry write code. I am taking up a talk at school to explain SOLID design pattern.
Mostly make them build software!
Make them write code!
Make them automate their homeworks!
Make them an educated and employable student.!1