Posted on 04/11/2015 5:50:39 PM PDT by SeekAndFind
Companies like Netflix and Google aren't just fun places to work. They're also two of the highest-paying employers in the US.
Glassdoor, an online jobs and careers community, just released a new report which identifies the 15 companies with the highest median total compensation — which includes base salary and other forms of income, such as commissions, tips, and bonuses — as reported by US-based employees on the Glassdoor website over the past year.
Turns out the average employee at the No. 1 company, New York-based law firm Skadden Arps, rakes in over $180,00 a year. That's nearly four times what the average American earns.
(Excerpt) Read more at businessinsider.com ...
Google salaries will almost pay the rent on a 1960s duplex in Mountain View...almost...
Google??? Who knew they paid their H1B visa slaves that good? Did they list what they paid Americans too?
Yes. What I would really like to know is this:
1) Where these high paying jobs are located
2) What the cost of living is (clothes, food, transportation, housing ) compared to other places.
Then we’re talking.
To put it in context...
Houses in Mt. View now sell for about $1100 / sq.ft.
Really.
Apartments run about 3500-4000/mo.
Really.
It’s just a bunch of run down neighborhoods sandwiched between Palo Alto and the equally grubby NowhereLand known as Sunnyvale.
Well, just as I suspected.
I used to work at a Wall Street company ( the biggest securities clearing corporation in the US ).
In 2006, they embarked on a plan to move their data center to Tampa Florida from downtown NYC.
To entice those working in NYC, they paid for relocation and all with one condition — SALARIES WILL BE FROZEN for at least 5 years until the cost of living in Tampa reaches the one in NYC circa 2006.
Almost half of those who were given this offer took it up.
The rest, including myself ( since I have too many ties in NY state ), accepted a separation package eventually and moved on.
As for New York City, Average price per square foot for New York NY was $1,454, an increase of 2.6% compared to the same period last year.
SEE HERE: http://www.trulia.com/real_estate/New_York-New_York/market-trends/
Insanity. Why would anyone live in these places? I can get by as a king on 50K (retired) where I live. No debt, house paid for etc. I can do Europe occasionally, rv some and enjoy life in general without worrying about price per sq. ft. -—rental or buy.
Yup.
Most of the kiddies and furriners at Google are paying ridiculous rents and have no hope of buying, unless they want to live 50 miles from work. Or buy a closet...
We’ll see how long it lasts.
RE: I can get by as a king on 50K (retired) where I live.
Well, a huge number of folks from these places WILL MOVE to places similar to yours when they retire and their six figure salaries are no more and they have to live off their social security plus 401K.
That is of course, after they unload their million dollar properties.
Well let’s just hope they aren’t liberals because where I live they won’t find anything they would like other than the cost of living..which means very little when you are ignored at best.
The fact that Apple isnt on their is shocking. I mean with 220 Billion in cash assets and only 98k employees, one would think Christmas bonuses would be insane.
Meanwhile, in the Dallas/Ft. Worth area, which is also brimming with good jobs, it is possible to find decent houses well under $100/sq. ft. and rents starting around $350 month.
No, it isn't surprising at all, aft. Putting on my Economist hat, I see that the businesses on this list are mostly small firms that top-heavy with highly paid executive positions and relatively fewer low end, lower paid positions. They'll have some in the mailroom and some secretaries and file clerks which will tend to drop the company average salary downward, but not many.
The highest paid seven, save Netflix are consulting or law firms, highly paid experts and professionals with lower paid support staff. Netflix is actually similar. . . with highly paid executives, highly paid programming staff (both computer and video acquisitions), highly paid production people for their in house video series, and lower paid support. Consumer support and data farms are outsourced.
The next eight save Google, are again small. This time they're tech firms specialized in niches where the owners and programmers are very well paid and will have a small cadre of lower paid support people.
Google is the closest match to Apple among the fifteen. . . But is it? No. Google does not sell any products direct to the public. Google does not operate over 500 retail stores with a need for lower wage employees to staff those stores as does Apple. . . nor does Google maintain in house tech support for all of their products in each country in which they do business in the native languages of those countries as Apple does. Google outsources that kind of tech support. Google's ~54,000 employees, are mostly concentrated toward the mid to high end of the salary scale, already close to the average listed for the company. The few ancillary support people at lower pay don't pull the average down much.
At Apple, approximately 30,000 full and part-time employees work in the lower-paid retail or tech support positions. While Apple pays its store and tech support people quite well, their pay will still bring down the company wide average when averaging against the thousands of highly paid management, scientists, designers, and engineers who do get paid far above the highest average wages on the list. This one-third of Apple's work force in the retail and support sectors will have a drastic effect on the company's average wage paid—just as it would in any other business in the retail and tech support sectors.
In addition, Apple's bonuses for higher paid staff are given in the form of stock options to encourage building the value of the company. . . these option are not reflected on any wage report.
So, not surprising at all, it's expected given the nature of the businesses. I even expected a post on Apple in this thread; too juicy a target to pass up! ;^)
The list really is pretty useless for anyone looking for employment guidance. Of the fifteen businesses on the list, at only two would any person looking to find a high paying job be likely to find employment, Google and Netflix. The rest are most likely closely held operations or LLC partnerships with the big bucks going to those who are already there. In my opinion, BusinessInsider's list would have been more useful had the made it the top 50 or 100 best paying businesses. Then a prospective employee might find a match for his or her skills with a company with a potential to actually hire them at a high pay scale.
Good to hear. My son is relocating there with his job.
Google has facilities other than in Palo Alto. My cousin’s hubby works for Google in.......da ta da ta tah!....Oklahoma.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.