About ten years ago after the financial crisis in the United States, a law was passed requiring publicly traded companies to disclose the average wage of their employees and compare it with the salary of the Director General. The goal was to highlight income inequality and corporate environment, to rein in outsized compensation packages of executives who, in the opinion of the Congress, contributed to the crisis.
The requirement took effect for most companies in the past year. And now, when technology companies begin to report their average wage, the figures allow us to estimate the remuneration of the highest paid employees in the country. For anybody not a secret that the most expensive companies in the world and wages will be good, as it is no secret that the majority of these companies located in the United States.
How much to pay to Google, Amazon and Facebook
Interesting facts: the average wage in the parent company Google Alphabet grew by 25% last year to 246 804 $ (APR) is the largest increase and the highest salary among dozens of technology companies that have chosen Wired. The representative of Google said that the significant increase reflects the shift in the distribution of shares and options. In 2017, employees in fact got only half his usual remuneration. Last year when the company resumed its “rewards in full”, the salaries of employees grew accordingly.
Facebook, on the other hand, has survived many crises in the past year and is reportedly struggling to recruit new staff. You would think that it would encourage leaders to raise wages to attract and retain employees. But Facebook reported that the average compensation fell by almost 5% last year, to 228 651 $ is the greatest lower wages in the list Wired. A company representative says that “to reduce, there was no specific reason.”
Valerie Frederickson, an experienced consultant in Silicon valley for human resources, said he was not surprised. “Candidates still want to work at Facebook and go to the reduction of salaries to to work there. I see that people are willing to pay cuts and demotion, just to work in the company”.
In General, the statements show that large technology companies are paying extremely well. Twitter, Square, the software maker Workday and manufacturer of graphics chips, Nvidia announced that the average wage of employees in 2018 was prevaila $ 150,000. Government data show that average salary of software engineer in the Bay area San Francisco last year was approximately $ 140,000, much higher than the average in the country — 104 000 dollars.
“It’s a competitive environment,” says Frederickson. “Leaders understand that they will have to pay for the game. They have to pay the long dollar to get the people needed them”.
Differences in pay among technology companies represent different business and different ways of managing companies. For example, the average salary of Google employees above, as it does not include many temporary and contract employees who work with 99 000 employees. Last year, Bloomberg reported that more than half of the people working in Google are not employees of the company.
Similarly, the relatively low average wage in the Amazon component of 28 836$, reflects the fact that most of its contributors write, manage inventory and fulfill orders in warehouses. American Amazon employees last year earned an average of $ 35 096; 1 November, the company raised the minimum wage in the US to $ 15 per hour.
The same thing applies to Tesla, a third staff member who works on the Assembly enterprises of the company. Manufacturer of electric cars announced that the average salary last year was 56 163 USD, which is 2.5% more than in 2017.
For the company, which employs quite a lot of programmers, the average salary in IBM is low: $ 55 088. But this figure reflects the fact that IBM is a big part of the workforce is outside the United States. In 2017, it became known that the company has more employees in India than in the US.
Microsoft, consisting mainly of software developers, announced last fall that the average salary for the fiscal year that ended on June 30, 2018, was $ 167 689 USD. For comparison, Apple, which many employees work in its retail stores, reported an average salary of just 55 426 dollars.
The ratio of remuneration between the employees and Executive Directors is not so important for technology companies, many of which are founders or long-time employees receiving the minimum wage. Because the annual salary of the General Director of Google Larry page and CEO Facebook Mark Zuckerberg — one-dollar.
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