I don't know what you mean by taxes, my question is about 250k base, excluding bonuses, stock, and excluding the supposed monetary value of benefits/training/travel/home office whatnot
The statement was that the engineer is a $250k asset to the company.
Rule of thumb TCO for headcount is 1.5-2x salary to account for taxes, Medicare, health insurance, equipment cost, licenses, office square footage, stock options, travel, etc.
So a $250k asset from a business perspective is typically someone that makes $125k-$165k.
It seems like 200k+ is pretty typical for Engineers with at least some experience even in less hot markets like the Midwest. I know several developers in the Metro Detroit area making more than 200k base.
Are you talking about total compensation where you add base salary, payroll taxes paid by employer, health & benefits, 401K contribution, possible bonus & equity, etc?
I see $160K salary ceilings for general "senior engineers" for vast majority of non-FAANG companies in high COL East Coast city, so I'd imagine midwest is $25K less since housing is so much cheaper.
But maybe salaries are really exploding, and I just haven't been paying attention.
I meant base comp not TC. If you haven’t checked out the Team Blind app or https:://levels.FYI recently, the compensation right now for experienced developers is unreal.
