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Fears of a recession are reasonably causing people to take a second look at their job security. Seeing as many lawyers are working in specialty tax within PA how many of you are worried about a potential slowdown/layoffs within specialty tax? If not why do you feel you won’t be as affected? Deloitte EY PwC KPMG BDO Grant Thornton RSM Baker Tilly Crowe Andersen CliftonLarsonAllen
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Im never been to SF and never visited these tech companies in person
But I'm a tech start-up founder and heard of stories of how people at SF do things
I think for any well run tech startups, the well funded ones (post series A funding) have crazy benefits, perks and good pay for a few reasons
1) to incentivize you to join, especially the good people, you have to understand in a place as competitive as SF, the startups are competing with Google, Facebook, Snapchat when it comes to hiring. One of the things that frustrate me everyday is I cannot find good talent
2) once you are in, assuming you are good at your job, they want you to work hard and dedicate your time as much as possible. Part of the reason they make the office so comfortable so you will never leave. As an early employee, you are basically the founding team, your stock options are vested over usually a few years to make sure you stay
That being said, all well run startups are only hiring the best of the best, especially if you are an early employee, so if you get the job, congrats. They really like you
However, this isn't a 9 to 5 chill industry job, you have to be prepared to work hard, otherwise they will also can you faster than any other employers will
I agree with a lot of what PWC1 says. I would emphasize that it is extremely competitive to get these jobs. The tax managers at Google, über, etc were Sr managers in PA which shows you how hard it is to get in and it also shows you the extremely smart and capable people working there as well.
I’m looking into moving to Bay Area too. I know at EY (and probably the other firms) there is a real shortage of tax talent because there are so many high paying industry roles. Start ups and tech giants (Apple/Google/Facebook) get a lot of the attention, but there are a lot of other large corps all competing for tax talent too.
All of the tax people at tech companies literally were managers, senior managers, and directors from the Big 4. It's very competitive for those jobs, but it leaves a lot of room at the firms in the Bay to jump in and move up. The talent demand will never end so an office transfer and a few years of paying dues can pay off big if you can stand the f'n rent!!!
I’m a tax manager in SF with 90% of my social circle at these tech companies. I can confirm the techies have insanely nice benefits, which causes a nice trickle down effect for those of us in PA (partners understand what they’re competing with; giving more lax work hours, better flex arrangements, etc).
Turnover is very high bc it’s hard to compete with those benefits. I’m sticking around because the flex hours are cushy and I don’t like monotony. Plus our turnover is so high at the senior > manager level that those of us who remain are pretty well compensated. 😊
Pretty well compensated in comparisons to industry?
No, just in comparison to other big 4 around the country. Relative to industry, industry pays more