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Re: [nycpython] [JOB] Python Developer for FinTech startup

From: Sean
Sent on: Wednesday, April 17, 2013 1:10 PM
In some jobs you may "make" more on paper but you need to look at the whole package. Some companies have a profit share tied to their 401k, my old company had an 8% match of salary, you needed 2 calendar years of employment to vest. So on a 100k salary you are missing out on 8k, that's a pretty hefty pre tax contribution. You also have to look at the benefits package too. Don't look at it totally as a what's in it for me thing, employers see through that and will pass you over for hires and interviews. Most of the long term employed folks either want stability, have significant commitments like wives and mortgages and student loans, or have passed that exploration point in their lives.

Don't ever accept compensation in stock you never know if the stock will be worthless when it comes due to collect. Why gamble with your money, if you can get money now. The time value of money comes to mind. My cousin is a well paid programmer with 2 kids she regularly works 16 hours a day for only 135k, that's not much when you break it down.  That's over 5,000 hours in a year or about 27 per hour. It's not worth the hassle and stress involved.  Also with Internet based jobs or computer based jobs you're almost always on call. 

On Apr 17, 2013, at 12:48 PM, Paddy Mullen <[address removed]> wrote:

Make sure you are paying them properly and giving them career advancement opportunities. 

Ask them why they left the other jobs. 

Maybe developers who have stayed at one job for a long time weren't competent enough to get hired somewhere else. 

It is rarely the case that a developer can't make more money or get a better job by leaving his current one.  


On Apr 17, 2013, at 12:39 PM, Roy Smith <[address removed]> wrote:

On Apr 17, 2013, at 12:09 PM, Gloria W wrote:

Yes, there are Python freelancers who take these types of jobs, based on the hourly rate and type of work, etc.

I would argue that given the current market, nothing can be deemed "stable" any more. What is commonly called a "permanent job" is usually more volatile than many contracts I have worked on, in more subversive ways than short term contracts, because the volatility is often hidden from the employee until the last minute.

Plus, looking at the lifespan of any really good developer at any company, it averages less than two years if that person has little or no ownership in the company. Those who "know what they're doing" have a constant flow of options presented to them.

This has been a real eye opener for us during our current recruiting phase.  One of the first things I look at when I see a resume is how long the person has averaged at their previous positions.  We see a lot of resumes which list a sequence of supposedly permanent positions and average out to between 1 and 2 years at each.  We saw one recently that averaged 10 months.  In my mind, that's a major down-check.  How can we hire somebody, expect to invest time and effort to bring them up to speed on the project (not to mention shell out a recruiter fee of several months salary), when we know they're going to leave in a year.


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Roy Smith
[address removed]







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