Here's a quick note of caution for any employers chasing 'Top' of 'Best' of 'Most Amazingly Fantastic' organizations to work for lists - the kinds of lists that are almost always topped by legendary companies like Google, courtesy of a recent piece on Business Insider titled In terms of 'prestige', Google is now a 'tier-two' employer, says recent Comp-Sci grad.
A quick excerpt from the piece, then some comments from yours truly, (it is my blog after all):
When Google offered a recent grad from a top CS program a job, the new grad said no.
That despite monthly compensation of $9,000, including a housing stipend.
Why?
In an email, the engineer gave us four reasons:
- "Lower pay after tax. Housing stipend is taxed more, and several places pay more than Google. That being said, Google is still very competitive. Google's full time offer is very average (105k starting salary) and the best startups pay more."
- "Less interesting work. It's a large tech company. The impact I'd have is minimal."
- "Lower prestige. Outside of tech, and maybe within average CS students, Google is the place to go if you're one of the smartest engineers. However, within top CS students, it's not considered that great. Probably tier two in terms of prestige and difficulty to get an internship. I have lots of friends barely passing their CS courses that are interning there. Saying you intern at Google just doesn't get you that much respect."
- "Less upside. For full time specifically, you get equity at a startup. If it IPOs, you make millions if you're one of the first 100-1000 employees.
Lots to take in there but the gist is pretty clear - at least according to this Comp-Sci grad, even one of the most highly lauded top companies in the world isn't immune to being 'topped' by competitors for the best, most sought after kinds of talent. If Google, with it's history, success, mythos, and bucketfuls of cash is getting beat out (at least in the perceptions) of top recruits, it reminds everyone that while chasing companies like Google might seem like a great strategy, it eventually is a failing one, since Google can't even keep up with Google, if that makes sense.
But there is also one other nugget in that quote worth teasing out a little and that is the way this Comp-Sci grad talks about how he and his peers think about and talk about companies and workplaces. From the quote, there definitely seems to be an odd kind of peer pressure and one-upmanship going on with these recent grads. The desire not just to get a great offer and work on great tech and projects but to be able to brag to the other kids in Comp-Sci is pretty high on the list of desires for this group.
Interesting stuff it seems to me, and a great reminder that no one, not even Google, is immune to competition, changing values, and the need to constantly be moving forward and re-inventing their value proposition in order to keep their lofty status on whichever 'Wonderful' Place to Work list you subscribe to.
Have a great weekend!