U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > General U.S.
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
View Poll Results: Where?
New York City 16 3.10%
Greater Boston 32 6.20%
Philly 38 7.36%
DC/N. Virginia 50 9.69%
Raleigh/NC Research Triangle 32 6.20%
Austin 48 9.30%
San Francisco/Bay Area/Silicon Valley 13 2.52%
Baltimore 11 2.13%
Toronto 33 6.40%
Pittsburgh 35 6.78%
Chicago 99 19.19%
Atlanta 109 21.12%
Voters: 516. You may not vote on this poll

Closed Thread Start New Thread
 
Old 09-27-2017, 08:18 AM
 
Location: Clemson, SC by way of Tyler,TX
4,856 posts, read 2,984,533 times
Reputation: 3399

Advertisements

Quote:
Originally Posted by atxcio View Post
Actually tech companies do almost exactly that. They will hire the best and brightest at high initial salaries, then work them hard knowing they won't stay around that long to accumulate big salaries from raises. Attrition takes care of most of it. Some will move around and do it a few times -- which is also just fine by these companies. Less training required. Amazon, Google, Facebook, etc. When you've worked for one before you usually fit right in at the other.

Old article, but probably still the case -- Ranking America's Biggest Companies By Turnover Rate

It's not a bad gig, they are good jobs, but it's not like it used to be. Perhaps IBM and Apple are a bit more traditional.
I'm in the business. This is true. Also, tech workers will leave at the drop of a hat, it's almost expected. Some will start the salaries low though. They hire those w/o experience but with a lot of brain power. It's a cycle.

 
Old 09-27-2017, 08:31 AM
 
Location: Center City
6,854 posts, read 7,802,585 times
Reputation: 9473
Quote:
Originally Posted by Gaylord_Focker View Post
Amazon is. They have a stack of applicants willing to work there just for the experience. Certain departments used to have a mandatory 20% attrition rate.


Look, you're a great poster, but you gotta get over this NYC thing. It's NYC.
I am aware of NYC’s allure. I’m also aware of the COL for people who live there. And that doesn’t include the expense it would take to purchase real estate and develop it into a complex big enough to accommodate 50,000 employees.

It’s about business, and Amazon is expanding beyond tech. I retired from a global Fortune 10 company, finishing up in HR. I don’t know everything, but I do have a bit of an insider view.

Since we are both speculating, I’ll leave it at that.
 
Old 09-27-2017, 08:43 AM
 
7,705 posts, read 4,566,742 times
Reputation: 8418
Quote:
Originally Posted by Pine to Vine View Post
I am aware of NYCís allure. Iím also aware of the COL for people who live there. And that doesnít include the expense it would take to purchase real estate and develop it into a complex big enough to accommodate 50,000 employees.

Itís about business, and Amazon is expanding beyond tech. I retired from a global Fortune 10 company, finishing up in HR. I donít know everything, but I do have a bit of an insider view.

Since we are both speculating, Iíll leave it at that.
And THIS is why Amazon won't pick NYC, not inability to recruit talent.
 
Old 09-27-2017, 09:31 AM
 
Location: Center City
6,854 posts, read 7,802,585 times
Reputation: 9473
Quote:
Originally Posted by gladhands View Post
And THIS is why Amazon won't pick NYC, not inability to recruit talent.
Well, there youíve pointed out the problem: Amazon could recruit the talent. They would just have to pay NYC salaries.
 
Old 09-27-2017, 09:33 AM
 
7,705 posts, read 4,566,742 times
Reputation: 8418
Quote:
Originally Posted by Pine to Vine View Post
Well, there youíve pointed out the problem: Amazon could recruit the talent. They would just have to pay NYC salaries.
The real estate is the issue, not the payroll.
 
Old 09-27-2017, 09:58 AM
 
Location: Baltimore, MD
3,512 posts, read 2,973,275 times
Reputation: 2742
Quote:
Originally Posted by gladhands View Post
The real estate is the issue, not the payroll.
I actually think NYC is one of the few cities that the real estate is not the issue, as it has plenty of existing infrastructure and sites tailor-made for renovation/construction. Amazon just recently announced that it's expanding its footprint by moving into two floors (360,00 sq feet) of a skyscraper, while also opening a new fulfillment center in Staten Island (855,000 sq ft). It's the real estate price that is the issue, but the State has offered $20 million in tax credits for expansion. Still pricier than some other cities, but Amazon setting up in NYC would be like KD joining the Warriors--an unpopular move from the rest of the league that ultimately brings the most success.

https://ny.curbed.com/2017/9/27/1637...-neighborhoods
https://ny.curbed.com/2017/9/21/1634...est-office-nyc
 
Old 09-27-2017, 10:07 AM
 
2,163 posts, read 1,463,127 times
Reputation: 2167
Salaries are definitely going to be a large concern. Even if Amazon only had half of their top estimate of 50,000 employees in NYC, if they had to pay an avg of 30K extra per employee-- it would be $750 million each year they'd be losing.
 
Old 09-27-2017, 10:55 AM
 
Location: Mt. Airy
5,311 posts, read 5,331,720 times
Reputation: 3562
How are people arguing that salaries/COL are not a serious consideration? Payroll costs with the assumption of at least 30 years of operation at a chosen location can dramatically affect finances for Amazon. Amazon has a ton of R&D and entrepreneurial arms that are and will be funded. Money not spent on unnecessarily high salaries for the average employee will be used to invest. Payroll costs are HUGE....

Quote:
Amazon Technology and Content costs during 2016 were $16.1 billion. Technology costs consist principally of research and development activities including payroll and related expenses for employees involved in application, production, maintenance, operation, and platform development for new and existing products and services, as well as AWS and other technology infrastructure expenses. Content costs consist principally of payroll and related expenses for employees involved in category expansion, editorial content, buying, and merchandising selection.

Amazon General and Administrative expenses during 2016 were $2.4 billion. General and administrative expenses primarily consist of payroll and related expenses; facilities and equipment, such as depreciation expense and rent; professional fees and litigation costs; and other general corporate costs for corporate functions, including accounting, finance, tax, legal, and human resources, among others.
https://revenuesandprofits.com/amazo...s-2017-update/
 
Old 09-27-2017, 11:52 AM
 
Location: BC Canada
831 posts, read 933,581 times
Reputation: 1119
When one is talking about CoL , Toronto is not near as expensive as one might think.

Real estate is more expensive than most US cities but it's rentals are not. At $1750/month for a average one bedroom that is $500/month less than NYC, $400/month less than Wash, $300 less than Boston, $100 less than Pittsburgh, and only $75 more than Chicago.

This combined with far superior and free medical, excellent inner city public schools where VERY few send their kids to private, and much lower university/college tuitions, Toronto is cheaper than most comparably sized US cities. While gas, liquor, and sales taxes are higher, Hydro and municiple taxes are lower and Canadians enjoy many free or heavily subsidized medical/social/educational services.
 
Old 09-27-2017, 12:20 PM
 
7,705 posts, read 4,566,742 times
Reputation: 8418
Quote:
Originally Posted by AJNEOA View Post
How are people arguing that salaries/COL are not a serious consideration? Payroll costs with the assumption of at least 30 years of operation at a chosen location can dramatically affect finances for Amazon. Amazon has a ton of R&D and entrepreneurial arms that are and will be funded. Money not spent on unnecessarily high salaries for the average employee will be used to invest. Payroll costs are HUGE....



https://revenuesandprofits.com/amazo...s-2017-update/
To be clear: I donít think that Amazon is going to choose a city with a high cost-of-living. I think this has mostly to do with real estate costs. Cost-of-living is a very important factor when it comes to recruiting, but that really doesnít come to play in New York or the bay area. People want to live and work in those places and or willing to take the quality of life hit. This may not be true of Boston, DC or other expenseive metros.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Closed Thread

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > General U.S.
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top