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Business Insider

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

Netflix tops the list, beating out Facebook which offers more in stocks and benefits

PUBLISHED : Monday, 03 April, 2017, 1:27pm
UPDATED : Monday, 03 April, 2017, 2:36pm

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 than 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 analysed 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:

1: Netflix was willing to give employees it lured away from other tech companies a median raise of 167 per cent. They were earning US$130,814 on average when Netflix sought to hire them, and the company agreed to pay them US$329,174.

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

2: Wikia, the Fandom site that hosts fan websites, pays a 72 per cent premium on average to poach. Employees were earning on average US$121,061 at their previous job and increased to US$204,077.

3: Lending Club, the peer-to-peer lending site, pays on average a 48 per cent premium to poach. Employees were earning on average US$128,457 at their previous job and increased to US$183,469.

4: Microsoft, pays on average a 48 per cent premium to poach. Employees were earning on average US$119,983 at their previous job and increased to US$165,348.

5: Groupon pays on average a 38 per cent premium to poach. Employees were earning on average US$137,390 at their previous job and increased to US$175,233.

6: Akamai Technologies pays on average a 37 per cent premium to poach. Employees were earning on average US$126,516 at their previous job and increased to US$163,893.

7: Palantir pays on average a 37 per cent premium to poach. Employees were earning on average US$128,040 at their previous job and increased to US$169,251.

8: Salesforce, pays on average a 37 per cent premium to poach. Employees were earning on average US$131,758 at their previous job and increased to US$172,891.

9: Twitter pays on average a 37 per cent premium to poach. Employees were earning on average US$140,750 at their previous job and increased to US$174,996.

10: Docusign pays on average a 35 per cent premium to poach. Employees were earning on average US$138,538 at their previous job and increased to US$173,629.

Meanwhile, Paysa also found that Microsoft was the tech industry’s favorite poaching ground, with companies — especially Amazon — hiring its folks away by the hundreds. Microsoft is, in turn, having pretty good luck hiring people away from Amazon, too.

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