Thursday, April 27, 2017

[ Technical Textiles - Here's How Much Silicon Valley Tech Workers Make.]

Even the average employee at a big tech company is pulling down six figures.
Ten years into their careers, tech workers in Silicon Valley make more than double 
the average American household income.The big Silicon Valley tech companies have a 
reputation for minting millionaires. Not everyone is Mark Zuckerberg, of course, 
but even the average employee is bringing in a salary that would make most of 
America jealous, according to a newstudy out by a new study out by PayScale.
Ten years into their job, which is how PayScale defines "mid-career," employees 
at the biggest tech companies in the country easily make more than $100,000, or 
more than twice the average American household income, which is just over $50,000. 
At places like Google and Facebook, the median employee is making six figures less
than five years into her career. 
The best company to work for in the beginning of a tech career based on this pay 
data is Facebook, which pays people with less than five years experience $116,800
at the median. After 10 years of experience, it pays more to work at LinkedIn, 
which pays mid-career employees a median of $159,600.

Here's how salaries break down by the company, according to PayScale:

Inline image 1


There are a couple important caveats to these numbers: First, it's very expensive to live in the Bay Area. Tech companies know that, and pay accordingly to attract and retain talent -- which is not to say their employees aren't still very well off. The second thing to note is that most of the support staff at these companies aren't actually employed by the companies they work for, but are subcontractors. So the salaries of cafeteria workers, janitors and security guards at these companies aren't included in these figures. Their salaries, by all accounts, are much lower.

On Sun, Apr 23, 2017 at 6:46 PM, J.S PANT wrote:

TCS, Infosys, Cognizant violated H-1B visa norms: US.

All the three Indian firms refused to comment on the US administration comment.

Press Trust of India | Washington April 23, 2017, Last Updated at 17:47 IST.

The US has accused top Indian IT firms TCS and Infosys of unfairly cornering the lion's share of H-1B visas by putting extra tickets in the lottery system, which the Donald Trump administration wants to replace with a more merit-based immigration policy. At a White House briefing last week, an official in the Trump administration said a small number of giant outsourcing firms flood the system with applications which naturally ups their chances of success in the lottery draw.;

"You may know their names well, but like the top recipients of the H-1B visa are companies like Tata, Infosys, Cognizant -- they will apply for a very large number of visas, more than they get, by putting extra tickets in the lottery raffle, if you will, and then they'll get the lion's share of visas," the senior official said, according to transcript of the briefing posted on White House website.

Responding to a follow-up on why Indian companies were singled out for a mention, the White House response said Tata Consultancy Services, Infosys, and Cognizant were the top three recipients of H-1B visas.

"And those three companies are companies that have an average wage for H-1B visas between $60,000 and $65,000 (a year). By contrast, the median Silicon Valley software engineer's wage is probably around $150,000," the official said.
>br/> He said contracting firms that are not skills employers, who oftentimes use workers for entry-level positions, capture the lion's share of H-1B visas. "And that's all public record."

All the three Indian firms refused to comment on the US administration comment.

The official said H-1B visas presently were awarded through a random lottery with about 80 percent of H-1B workers being paid less than the median wage in their fields.

"Only about 5 to 6 percent, depending on the year, of H-1B workers command the highest wage tier recognized by the Department of Labour, there being four wage tiers. And the highest wage tier, for instance, in 2015, was only 5 percent of H1B workers," he said.

He said workers are often brought in well below market rates to replace American workers, again, sort of violating the principle of the program, which is supposed to be a means for bringing in skilled labor.

"Instead you're bringing in a lot of times workers who are actually less skilled and lower paid than the workers that they're replacing," he said.

So if the current system that awards visas randomly without regard for skill or wage is changed to a skills-based awarding, it would make it extremely difficult to use the visa to replace or undercut American workers, he said.

"Because you're not bringing in workers at beneath the market wage. And so it's a very elegant way of solving very systemic problems in the H-1B guest worker visa," he said.
S K G RAO wrote Why did we study Textiles?.

No comments: