I appreciate there is a bit of a difference with a team of people. But generally how else are you going to gauge the compensation of any individual reliably other than market rate?
I appreciate there is a bit of a difference with a team of people. But generally how else are you going to gauge the compensation of any individual reliably other than market rate?
This approach has shown to substantially improve my quality of life.
> And places that pay everyone a reasonable wage at least tend to have that more often than other places.
I've seen almost no evidence of this other than at the real extremes. Maybe it is differences in the UK market vs elsewhere but typically you won't find a big difference in rate between one contract and another in roughly the same locale with everything else being equal.
If you were a business owner, what would be the correct referral market rate if the people whose compensation you are gauging is a tight knit team with years of experience on your specific business and customer needs?
Documentation helps, but people knowing their way around the code is better.
Software engineering is mainly knowledge work. This means the majority of work consists not of building stuff, but acquiring and organising knowledge. I've read somewhere that about 50% of the job is gathering information.
When a person leaves after having spent two years at a company, it might look like you get to keep everything they've been working on, but this is far from true. If the 50% assumption is correct, a person leaving after two years means you throw a full year of work into the dump. This is a huge cost, but it's hidden.
The code is there and (presumably) in source control. It really isn't that difficult for someone to get the source, compile it and fire up the debugger and carry on where the previous person left off.
Who’s consuming the code? Who are the stakeholders? How does this component integrate into the full picture of the application? How do I need to talk to that person that I really need to change something?
There is so much implicit knowledge that goes into the finals source artifact that is not spelled out.
I had an interview at a this week for my next contract where they made redundant most of their employees as the business decided to just go with turnkey applications.
They will get someone like me in for 3 to 6 months to do application maintenance on anything they can't replace. This will be stuff like implementing stuff from penetration-testing, upgrading the applications and documenting missing bits and pieces and letting the business know what needs doing and where.
I don't need a pension being paid, no HR overhead (they can just ask me to leave whenever pretty much). I will be able to gleen enough from the business and their IT to piece the bits together. This is literally my bread and butter.
How are you going to discover that from just the sources without any institutional knowledge? It sounds to me this applies only to a specific niche you've managed to find. I.e. you get only those gigs where institutional knowledge is not paramount as the employers who need deep domain knowledge are not even trying to hire you. I don't mean this in a deragoratory sense - it sounds to me you provide great value to your employers - but just in that you work in a specific market segment and what is true in your segment might not hold in others.
> I don't mean this in a deragoratory sense - it sounds to me you provide great value to your employers - but just in that you work in a specific market segment and what is true in your segment might not hold in others.
I've worked in many different sectors. Normally fintech though.
However unless building the tech is the business you are seen just as a cost to the business in most circumstances.