Apple losing engineers due to low salaries? Not so fast
A post on Slashdot by Oren Hurvitz yesterday highlights a Glassdoor analysis, claiming engineers at Apple have significantly lower annual salaries than their Silicon Valley (and Redmond) peers:
- Apple: $89,000
- Yahoo!: $105,375
- Microsoft: $105,642
- Google: $112,573
The post asks, "Will Apple have to raise salaries to match the market rate, or face defections?"
Cnet's Matt Asay says, essentially, "nah." Apple's high stock price and options benefits are likely a reason many engineers are staying. Plus, he asks, "where are these developers going to go?" The coming [staying? already-here? -- ed.] recession and a sagging employment market aren't going to make it easy for engineers to find higher-paid jobs elsewhere in the Valley.
On the other hand, Hurvitz notes on his blog that when squared with the company's net income, Apple's engineers are getting the short end of the stick, since their low salaries made a large difference in Apple's bottom line.
Even so, Asay says, "Apple has time to figure this out and may not need to do anything."
Share
Categories
A post on Slashdot by Oren Hurvitz yesterday highlights a Glassdoor analysis, claiming engineers at Apple have significantly lower annual...
Add a Comment
I live in NYC where I know I could be making much more than I do now. The fact is, I am reasonably happy at the company I work for, and I've heard enough horror stories about companies that do pay more, that I'm just not interested in looking for higher pay at a different company right now. There's much more to a job than just compensation.
As for Apple - I couldn't care less if they're over- or under-compensated, as long as the software continues to reflect the care that's evidently put into it.
Interesting mentality. "As long as the product's good, the employees don't really matter."
June 19 2008 at 9:30 AM Report abuse Permalink rate up rate down ReplyUnless you assume the employees are incapable of taking care of themselves, yes, they don't matter to me. Why should they?
June 19 2008 at 6:05 PM Report abuse Permalink rate up rate down ReplyI can earn that and much more in Atlanta where I live, and the cost of living is much, much lower. I can actually own a house! The down side is that I have to do boring engineering work for boring companies. Going to a job that I like and making products that I'd actually be proud of would certainly be worth a little cut in pay.
June 18 2008 at 3:13 PM Report abuse Permalink rate up rate down ReplyDoes the salary average for Apple include the retail employees? I bet they would skew the average down pretty hard.
June 18 2008 at 2:57 PM Report abuse Permalink rate up rate down ReplyHaving interviewed at Apple several times (and turning down all offers), my opinion is that it is not a good place to work. It is a highly political and toxic work environment.
I think I remember a quote from that documentary that's going around now where a guy says something to the effect of "it's a blood bath in here. You don't want to know how we create these products..."
"It's people. The iPhone is made out of people. They're making our iPhones out of people. Next thing they'll be breeding us like cattle for iProducts. You've gotta tell them. You've gotta tell them!"
June 18 2008 at 4:04 PM Report abuse Permalink rate up rate down ReplyGiven the astronomical rise in Apple's share price over the last couple of years, I seriously doubt that any Apple engineers are crying about their "inadequate" compensation! Apple employees who manage their stock options wisely and take advantage of the employee stock purchase program are almost certainly doing very well indeed.
June 18 2008 at 2:32 PM Report abuse Permalink rate up rate down ReplyFirst, this is a pathetic study that only has 10 respondents from Google. He never says how many responded from Apple: which probably means only one.
Boo hoo, to some poor college grad (who has at least a B.S.) working at Apple for a paltry $89,000 in this economy. Be lucky you have a job. I'll trade you my unemployment for your truly massive salary.
Cost of living is where it really hurts. According to cost of living calculations (from http://www.bestplaces.net/) an $89,000 in San Jose is $51,215 in Dallas, TX (another tech-center). Not a bad salary, but still not nearly as impressive.
June 18 2008 at 4:20 PM Report abuse Permalink rate up rate down ReplyI guess it's because they have to pay the interns :)
My friend in France got a 3 month internship at Cupertino, paid about 6000$/month + accomodation + airplane ticket + visa (visa costs about 1000$)
As a fellow silicon valley tech company employees, I know that almost all tech companies here do their compensation with stock options + salary. I'd rather have $20k less in salary and have apple stock options than $20k more and have yahoo stock options...
You cant really do an apples to apples comparison
That would be a great argument, except Apple almost never gives options to new hires.
June 18 2008 at 2:42 PM Report abuse Permalink rate up rate down ReplyYou're dead wrong. This article is way off.
June 19 2008 at 12:12 AM Report abuse Permalink rate up rate down Replywhat is this "loving what you do" everyone is talking about? you mean..wait a minute...i can ENJOY my job?
$100K probably doesn't go very far in Silicon Valley.
June 18 2008 at 12:47 PM Report abuse Permalink rate up rate down ReplyYou know, I was thinking that as well. Around where I live (West Michigan Area), that would be considered "very, very well off" (sadly). Over there, probably not so much.
June 18 2008 at 1:21 PM Report abuse Permalink rate up rate down ReplyHot Apps on TUAW
Deals of the Day
more deals- Refurb Apple MacBook Air Laptops: 12" 64GB SSD for $699 + free shipping
- JVC Motion Sensing Clock Radio with Dual iPod Docks for $55 + free shipping
- Apple iPhone Headset with Mic for $4 + $2 s&h
- miFrame Picture Frame Dock for iPad for $64 + $8 s&h
- Refurb Apple iPod nano 8GB MP3 Player for $99 + free shipping, 16GB for $119
- Hannspree Apple-Shaped 28" 1080p LCD HDTV for $270 + free shipping
Software Updates
more updates- EFI Firmware Update brings Lion Internet Recovery to 2010-model Macs
- OS X Lion 10.7.3 released with Safari 5.1.3, Wi-Fi bug fix
- Aperture updated to 3.2.2, addresses Photo Stream issue
- Apple updates Keynote to address Lion issues
- Google Search app gets new look on iPad
- Apple releases Apple TV Software Update 4.4.3



32 Comments