Instant Alert: The top 10 tech companies that pay the most when poaching employees

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The top 10 tech companies that pay the most when poaching employees

by Julie Bort on Apr 2, 2017, 4:15 PM

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The talent wars are alive and well in the tech industry, according to salary research site Paysa.

And there's one company willing to go to the nines to win them: Netflix.

Paysa recently looked at hiring, staying, and poaching trends for a number of top tech companies and discovered that Netflix spent more than 10 times the others to acquire new talent from places like LinkedIn, Facebook, and PayPal.

The research firm came up with these stats as part of a bigger project that analyzed salary trends of over 31,000 employment transitions. 

While Netflix was, by far, offering the biggest increases, it wasn't the only one willing to pay big. Here are the top 10 tech companies that pay the most when poaching employees, according to Paysa:

SEE ALSO: The alarming inside story of a failed Google acquisition, and an employee who was hospitalized

No. 1: Netflix was willing to give employees it lured away from other tech companies a median raise of 167%. They were earning $130,814 on average when Netflix sought to hire them, and the company agreed to pay them $329,174.

Source: Paysa



Obviously, such increases in salary imply big promotions as well as more cash and less stock. Senior software engineers at Netflix average $210,244 in base salary compared to $166,403 at Facebook. But with stock and other benefits, Facebook actually pays slightly more in total compensation.

Source: Glassdoor



No. 2: Wikia, the Fandom site that hosts fan websites, pays a 72% premium on average to poach. Employees were earning on average $121,061 at their previous job and increased to $204,077.

Source: Paysa



See the rest of the story at Business Insider


 
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