I’m going to go in a slightly different direction, thoug I think it’s relevant.
In Cary, NC, there is a certain privately-owned software company. EVERBODY wants to work there and it is considered to be a very prestigious employer. It is also regularly listed as one of the “best places to work” by national magazines. (It’s almost always #1 or #2.)
I freely admit that they place a great deal of emphasis on employee well-being, with on-campus medical and pharmaceutical service, well-stocked break rooms (with fresh bread or pastries one morning each week), and many efforts to build a sense of community. I worked there for a short period and every time I mentioned that I did, the other person would ask, “Is there anything you can do to get me/my sibling/my cousin hired there?”
But…
They knew they wanted to hire me specifically, so they wrote the job description to match me very closely. This included requirements for a BA or BS, ten years experience, a state professional license, three professional certifications in my field (comparable to MCSE), and a bunch of other things. In my first of six interviews, I pointed out that they were offering less than 2/3 of what a company would usually pay somebody with those qualifications. (It would be a $30K cut for me.) Their reply, “But we’re such a great place to work!”
While I had to admit that their medical plan and pension plans were above-average, they were privately-owned and did not offer stock options or other similar industry incentives. You could (and did) get bonuses from time to time, but they were decided upon privately by the owners and were unpredictable. They never made up the difference to bring compensation into line with what one COULD have made elsewhere.
My response to people who were always asking about this “great job” was, “Yeah, fresh pastries every Thursday, M&M dispensers in the break rooms, child-care for my non-existent kids, and my salary sucks.”
I quit after just six months. One bad thing about privately-owned companies is how decisions are made…or not made. I probably need to start a separate thread about my experiences in that area.