it's no secret that you can make a lot of money working in tech it's so important
though that you ensure to educate yourself on what salary to expect what really is included
in total compensation and so much more today i'm going to be sharing with you some of the
best resources to look for and do research on when you are looking for a tech job or maybe you are
transitioning into a new role but before we get into it make sure to hit that subscribe button
for more tech and coding related content shout out to some of these subscribers here thank you
for your comments questions feedback love you know i love you okay let's get right into it
whether you are someone who is first entering into the tech industry or maybe you are someone who's
mid or senior level looking to get a different job being up to date and ensuring you are educated on
what salary or total compensation is expected throughout the industry is absolutely key to
ensuring setting yourself up for success before we get into some of the best resources to research
tech salaries let's really break down what a tech salary or should i say total compensation
really entails to put it simply total compensation includes all the different ways that you get paid
so it's more than just your salary some examples of total compensation can include base salary
benefits bonus stock options but let's break them down even further okay let's start with base
salary something that we are all familiar with base salary is something that you are guaranteed
to get regardless of your performance or working extra hard anything like that this is your base
salary something that you are guaranteed to have okay that's pretty obvious let's jump into bonus
a bonus is essentially a percentage or often done as a percentage of your base salary so
for example let's say 10 to 15 percent and unlike base salary this is not fixed every year so it may
vary year to year usually a bonus is given out once a year so for example a lot of companies
give up bonuses at end of year based on your performance and hitting target goals okay another
big piece of total compensation is equity and this is where it gets a little bit more complex
the essential goal of having equity compensation is that employees see as long as the company
is doing good and furthering doing good their equity compensation continues to rise so it's
kind of incentive for employees to really want to see the company succeed equity compensation
is essentially a strategy that is used to improve a business's cash flow and a lot of times startups
offer equity instead of a salary and it really depends on how much you believe in the startup but
i would also say higher level companies really offer equity on top of the salary as well included
in the total compensation package and the last one i want to talk about is benefits benefits include
health benefits dental benefits different benefits that you can use throughout the year the goal
of benefits is that when you have benefits they will offset a lot of expenses that you would have
otherwise if you were to pay out of pocket the key with benefits though is you actually have to use
them more often than not we think we have these great benefit packages and they kind of lure us
in with that only for us to go throughout the year with really not using them all such as massages or
extra spending health benefits but when you need them they really come in handy
okay now that we have a pretty good understanding as to what a tech salary or tech compensation
really includes let's dive into some of the top salary or total compensation tech reporters these
are two resources that i use all the time i'm always looking because they do two things one
they go based on location where are you located two it's based on other people
actually inputting their salaries which i think is huge to actually hear from you know your peers
working in the industry what they are making the first site i want to talk about is levels.fyi
i am sure you have heard about it before and if you haven't i highly suggest you go check it out
i recently discovered levels fyi maybe a year and a half ago up until then i
didn't even know it existed i don't know how i was living in a rock or under a rock
and what they do is they really highlight in different areas of tech different jobs
in tech different salaries and total compensation so they do both they will break it down from your
base salary and then they also will include if you were to include a bonus and equity on top of that
okay i'm going to pull it up right here this is a home page for me when i go to levels.fyi
and you can see here they go right into some of the top companies google facebook microsoft you
can toggle here to see different roles for this video let's stick with software engineer as i know
a lot of you are software engineers so let's go by location well let's go to san fran obviously this
is going to be significantly higher than other areas in the world because it's a tech hub but
it's really good to understand what they are paying there i also think it's key on
levels.fyi how they do by level so you can really research based on what level you are going into
uh to have an understanding of what to expect so if we go to say l1 netflix view full offer
and you can see here what they are reporting is 170 and then with a bonus of 3 000.
and it really goes on and on i mean there's 1500 different reports so some are more accurate
than others of course but it kind of gives you i really like up here where it gives you immediate
median of what to expect and you can also see the top paying companies which is really huge
and then if we go just for fun let's go to the top paying report of 2020. i wonder if this is
what you expected i didn't expect lyft to be number one to be honest but as you can
see the headquarters um are obviously most of them are out of san fran and the compensation
the total compensation please do not skew this with the base salary this is total compensation
that we spoke about so let's go to lyft 230 base salary is 136 we have stocks and we have bonuses
also i love how they have different kind of services they offer
from one-on-one salary negotiation support and in-depth resume review i'm just a huge fan of
this company this is not sponsored by any means i just am kind of obsessed with have these resources
they provide and being on top and having the education needed to negotiate your salary or
your total compensation and with resources like this it really empowers the employee to
have an understanding of what others are getting paid and what they should be expecting to
okay let's move on to the second one that i love which is blind this is great especially if you
want to compare salaries from company to company so once again with blind you can select a company
i find with blind they really focus on higher level companies or when i say higher level i
mean more kind of bang like companies they also do microsoft salesforce uber that kind of thing
but once again they have a ton of different roles let's go to software engineering again
you can also search for example like your based on what you're currently getting and submit it so
with blind i like it because a lot of people submit their current total compensation
so you're hearing from people who are actually working in the industry and also too if you're
looking for a job under who's hiring they have tons of different jobs where to apply and these
are for some of the biggest companies in the world and there are jobs that are located throughout the
entire world it's not just like a san fran kind of uh thing if you're in india if you are in
where else do we have we have tons of remote jobs we have a lot of for north america i mean
it's just a very valuable resource and i've been using blind for a while now once again i think i
found out about it around the same time as levels fyi and these are two resources that have honestly
changed my if i was to go and get another job i mean i love where i'm at and all that but if i
was to go through the job hunting and interviewing process these are the two resources i would use
hands down they are accurate they are up-to-date they are from people who are working in the
industry so it's kind of a win-win on all fronts i really hope this will help you if you are someone
looking to enter into the tech industry and not really sure what salary or total compensation to
expect but also too if you already are in the tech industry and you're like me just didn't
know about these resources i hope it will really help you or give you an understanding
for when you're getting promoted or looking for a new job as what salary to negotiate and to expect
if you haven't already make sure to give this video a thumbs up and subscribe leave in the
comments other videos you want me to make and i will see you soon thanks everyone you