Column | chapter nine algorithm

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Silicon Valley is a land of talent, home to top IT companies such as Google, Apple, Facebook, Netflix and Tesla, and home to thousands of start-ups in the world’s IT hub.

As IT becomes increasingly difficult for IT companies to recruit top IT talent, a culture of poaching is growing in Silicon Valley. Even domestic IT companies, such as Baidu, Ali and Tencent, have begun to set up “poaching” bases in the US, with headhunters lurking in the dark.

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To poach talent from competitors, IT firms must and are happy to pay high fees. According to Paysa, Silicon Valley IT companies are willing to pay raises of 35 percent or more in order to succeed in securing high-quality IT talent. Netflix even offered a 167% raise, and that’s the median.

A list of salary increases Silicon Valley IT companies are willing to pay

paysa.com

It is understood that many of the overseas engineers who have returned to China, their salaries are no lower than those in Silicon Valley. An engineer from Google will return with a base salary of 2 million yuan and a share of stock, compared with $230,000 a year at his former employer.

“If the salary in Silicon Valley is 100,000 yuan a year, come back to Tencent, a big company like Ali will offer at least the same salary, or even a little more. He may have come back to silicon Valley without a team. — Jie Wu/Former Silicon Valley programmer and founder of GCP, an executive search firm

2.BAT set up “poaching sites” in the US

In April 2018, Jinge hosted an exchange party in Silicon Valley. The host of the reception was Jiang Wei, the former CMO of Google Greater China. At that time, he had just joined Zhenge to take charge of the investment in Silicon Valley. Therefore, it was also an “entrepreneur mining conference”, attended by technical elites from Google, Uber, Facebook and other first-line technology companies.

A growing number of Chinese engineers are finally finding that joining a fast-growing Chinese company seems more lucrative and a smart career choice. At Google, LinkedIn, Uber and Airbnb, they all have a handful of Chinese engineers lurking around trying to figure out whether or not they should return home.

Although Chinese engineers have established themselves in Silicon Valley, they find it difficult to rise to the top and have relatively little room for advancement, a phenomenon known as the “Bamboo Ceiling”. According to data, Asian engineers hold 30 percent of tech jobs in Silicon Valley, but their share of managerial positions is far lower.

Percentage of Asian engineers at Apple, Facebook and Google

3. Artificial intelligence is the most desirable talent

In the Internet circle, there is a popular saying: those who get artificial intelligence get the world. Most of BAT’s north American recruiting sites are looking for talent in artificial intelligence.

According to the global AI Talent Report released by Linkedin, there are more than 1.9 million technical talents in the field of AI (artificial intelligence) based on the Linkedin platform globally, with more than 850,000 talents in the US topping the list and more than 50,000 in China, ranking seventh in the world.

In addition, top AI talents are mainly concentrated in BAT (Baidu, Alibaba and Tencent) after returning to China, according to industry insiders.

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