Comment by neaden
13 hours ago
It's also kind of odd because even a junior engineer has to cost a company around 10 grand a month in salary, taxes, and other costs. So if the company thinks it makes you 10% more effective it seems like it should be an easy choice. So either the companies are shooting themselves in the foot limiting spending or they aren't seeing the productivity boost.
10 grand a month for a junior is absolutely ridiculous in most of the world including large swats of the western world.
Between all the benefits, taxes, and the infrastructure the company needs costs rise pretty quickly.
No, they really don't, it's a ridiculous claim.
Fully loaded employee cost is typically around 2x their actual salary. Junior employees making only $60k/yr is absolutely nothing. It’s lowish even in most parts of the western world.
You have people in Spain and Portugal hiring juniors at 25k per year.
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They were talking about what it costs the company, not just the salary. There are taxes, insurances, equipment costs, etc.
10k might be a bit too high, but it's far from "absolutely ridiculous" amounts of being too high. An employee with a 5k salary can easily cost the employer 7-8k
I took into account all of that. Still ridiculous.
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there is likely curve of diminishing productivity return