There is also the benefit of down-the-line wages you can earn from having great experience on your resume. Maybe by turning down a 200K job for an 80K one, it makes the candidate eligible for a 350K job two years later.
Saying you worked for Google, or Corton, or any other top-of-their-field employer is something that has long-lasting benefits. The payment is just deferred and spread over 30+ years.
Has this actually been verified? I haven't happened on any stories yet about someone "doing their time" at google to go pick a job making way above their normal range.
At this point Google is probably too large for there to be a sense of exclusivity about it. I'm sure that being one of the first 50 at Google or Amazon would be a particularly effective resume builder (though given where those companies went, perhaps a financially unnecessary one).
I've been recruited to positions specifically because of D. E. Shaw on my resume/LinkedIn profile. Whether that got me way above range or not is impossible to say, of course, but I've never been one to complain about salary in my life either. At my current company, I took a significant pay cut to come here in 2003, N years pre-IPO. N turned out to be 2.5.
It is the other way round, at least in Germany. During your interview you will always be asked how much you got at your last job. Then there is a magical cap at say 20% above the last salary (depends on how much they want you of course).
So it is very important to have a good salary at the beginning, because it will always be a reference point.
Germany just seems bizarre. I've heard stories of forced union membership for high-level positions like engineers, low-level employees having voting rights on executives, exorbitantly lengthy vacations (with increased salary to make it easier to vacate), etc.
Germany just seems bizarre. I've heard stories of forced union membership for high-level positions like engineers, low-level employees having voting rights on executives, exorbitantly lengthy vacations (with increased salary to make it easier to vacate), etc.
Saying you worked for Google, or Corton, or any other top-of-their-field employer is something that has long-lasting benefits. The payment is just deferred and spread over 30+ years.