Hiring for a bunch of roles for an early stage startup. Salaries of people who have been laid off is through the roof
2-3 years experience asking for 30-40l and while we chose not to judge the experience and spoke to a few of them, most of them are not even worth half of the pay.
Many are jobless since last 2-3 months and none of them are willing to take a paycut of even 5-6L and are willing to stay jobless ( probably have a ton of savings )
Market correction is necessary.
Roles : PM, software engineers, generalists
There's absolutely nothing wrong with salaries.
What's wrong is, your inability to filter candidates based on your requirements (read YOE vs Salaries vs Resume Filtering).
Projecting a problem that you have on others is not going to solve your problem.
30-40L for 2-3 years of experience is something you should be willing to pay for only exceptional talent. Exceptional talent would mean building quick products with near zero customer escalations and ability to do quick RCAs for difficult escalations for a software engineer. Do not cower to mediocre entitled pricks.
When we can't get value for skills, doesn't mean we should pull down people who have. It's the mindset that needs to change
That's not true, have spoken with over 7 profiles in last 3 days. Most dont have the skills to command the pay
Probably, startups poached many during 21-22 boom. Anyone and everyone was getting fat cheque coz they marketed themselves well. And you wanted to highlight that, but it came across as shooting down salary
Swe salaries inflated around the world not just in india.
I agree with your points to some extent.
I think the reason is also that we worked like an ass for good 3 years for good 12-16+hrs everyday when the demand was there!
Demand was no created by swe's and not every company just flashed money on us.
World moved to digital.
Now, digital products are not required in that amt plus cash is gone.
But one thing is still expected out of us is the long working hours. 12-14+.
so even if you are hiring a guy with 2-3 years of exp and interview skills are not aligning to that extent what he is asking for, he still might have the ability to deliver things.
Plus he has to put in long hrs for corporate's extra time demand.
Time sheet for 8hrs and actual work for 12+ hrs.
This. People only seem to see the salary side of things being inflated over the last three years. They don't see that COVID blurred a lot of lines and made people work long hours. Now they want the salary to go down but still expect the same output as COVID. You can expect what you want but atleast don't put down other people because of it.
Tell me one other field who worked tirelessly other than swe's and ui/ux designers who were popping their eyes out and gave up their health so much!
None!
Did fashion designers pumped in 15-16hrs daily for 3 years ?
Did finance guys, marketing guys, field people, etc worked that much?
Did they suffered from physical health issues like digital eye stain, fatigue, gain weight by not getting personal time at all ?
Did anyone else suffered issues like we did ?
Did corporates extended timesheets officially ?
They forced us.
Increase increase in salaries can be justified by adjusting billable hours easily.
If corps are so ethical, they should pay for every extra hrs we put in to work.
But no!
They fired everyone who raised their eyebrows in the name of efficiency. That we are not able to do the extra tasks with impossible deadlines.
We suffered when we were laid off!
We have families and responsibilities too!
The runway/emergency funds people created by slogging our asses is already gone for lacs of swe's.
Going forward, if you corporates have to adjust the inflated salaries, they should come back to the same timeline for deliverables and stick to 8hrs of billing with and 1hr lunch break in between.
If the corporate can do that, swe's will also be ready to settle for less.
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