Yep, I for example learned that my two bosses (CEO and CMO) in our roughly 20 person company took home roughly 100k in salaried income each, out of the 3 million or so turnover.
Company earnings, turnover and profit, are easily found for all Finnish companies as well. It's pretty easy to weed out the companies on an unhealthy base.
I also saw the salaries as a sign that they're in it for the long term as they could've easily taken home more but they also didn't feel the need to 'save' the company money so they had trust in the current market position and I felt comfortable asking for a 25% raise, which I also got.
It's good to know where you stand among your peers and superiors.
>in our roughly 20 person company took home roughly 100k in salaried income each
And Fresh Grad from US are demanding 200K from FAANG....
I think it will be hard for countries not currently doing it to have this system in place. But we could at least start with price bracket.
The biggest Win for me isn't the peer checking or market rate. It is that we can also stop HR and Recruiting Agency on their constant lying and BS. Constantly have to play games with them.
I should've clarified that I did indeed mean euros.
The CEO for example owns a very large home in the most affluent part in the city. the CMO drives a new Tesla and has a villa that's about a 30 minute drive away from our capital city.
A 100k salary is not insane here, there are obviously people making more as well. Those are usually startup founders building something on loaned money or celebrities.
Im living in one of the larger cities, it takes me 10 minutes to drive to the city centrum, so it's a pretty decent location. I pay under 700 euros for 65 square meters with our own sauna. I'm roughly spending 25% of my income on rent for two people.
So, the cost of living is obviously a lot lower here, even if our salaried don't look exactly comparable. You can stretch a 1 million turnover to cover for 10 programmers and tech workers easily instead of getting just one senior developer from the Bay Area :)
Assuming the parent comment is referring to earnings in Euros rather than USD they're talking about ~250k USD. It doesn't seem at all strange that leadership in a small company is making the same as entry developers at FAANG. For one, small business. Two, the company leadership gets more equity and a more interesting job.
Company earnings, turnover and profit, are easily found for all Finnish companies as well. It's pretty easy to weed out the companies on an unhealthy base.
I also saw the salaries as a sign that they're in it for the long term as they could've easily taken home more but they also didn't feel the need to 'save' the company money so they had trust in the current market position and I felt comfortable asking for a 25% raise, which I also got.
It's good to know where you stand among your peers and superiors.