As a Product Manager, Would You Shut Down an Engineering Project Started By a Technical Lead?

Let’s imagine you are a product manager who recently paired with a new engineering team. You come across a project initiated by a technical lead that you would rather shutdown than watch continue. What would you do in such a scenario? Even if you feel that shutting down the project is best for the company, there is a right way to go about the process.

Are You Sure the Project Needs to Go?

Before you decide you need to put the brakes on an ongoing engineering project, make sure you are on the right track. Some tell-tale signs of a project being in trouble include:

• The team has no detailed project plan.
• There is no clear hierarchy in the team.
• No one from the company’s senior management is backing the project.
• There has been no customer involvement in product definition.
• The customer has not provided any feedback on deliverables.
• There is no use of suitable project tracking tools.
• The team is overworked.
• Team members have ideas about how to provide simpler solutions.
• There has been little to no testing.
• There is no clarity on exactly what’s expected from the final product.

Shutting Down a Project

Every once in a while, there comes a time when a product manager needs to shut down a project started by a technical lead (TL). If you are worried this might reflect poorly on your own performance, don’t be. Here are measures you may follow to make the process go as smoothly as possible.

• Include the TL in your talks with other stakeholders, which include feedback calls. This gives you an opportunity to get a first-hand perspective. For all you know, the TL might also feel that the project needs to go.
• Determine how aligned the project is to your company’s goals, because shutting it down might be easy if it is down the priority list.
• If you can get the project into a beta or minimum viable version (MVY) state with little effort, you may track its adoption (or lack of).
• Begin user-involvement at an early stage, simulate possible results, get required feedback, and make your decision accordingly.
• Speak with stakeholders who wanted the project implemented and find out their reasons. Share with them why you feel moving forward might not be a good idea.

The Alternatives

While you might want to take a firm decision of shutting down a project, think hard in case other stakeholders do not provide their complete support. If you have been tasked with recovering an engineering project, start by looking for signs of over- engineering. In some cases, you might be able to pivot projects by adding capabilities that provide value to end-users. Pay close attention to numbers when justifying a product’s level of automation, be it the number of users or the time saved.

Conclusion

When caught in a dilemma about whether or not to shutdown a project that a technical lead holds close to the heart, determine what’s best for your company. Thinking about sunken costs will do no good, because there’s a good chance you will need to rebuild anyways. Cutting your losses short - and even starting over if you have to - might be in your best interest.

Is it Different Working for FAANG?

Are you hopeful of getting a job with Facebook, Amazon, Apple, Netflix, or Google (FAANG)? Do you think you might be better off working with a startup instead? If you are wondering how it might be different working for FAANG, know that the answer lies in the little details. These include the required experience, the type of work you get to do, the compensation on offer, and then some.

The Pros of Working With FAANG

Getting a job with market leaders such as Facebook, Amazon, Apple, Netflix, or Google comes with a number of advantages.

• Compensation. The top reason engineers drift toward FAANG is the compensation they stand to receive. While Facebook is known to offer signing bonuses of up to $100,000, the average annual compensation at Netflix hovers around the $400,000 mark.
• Reputation. Networking and getting job interviews can become considerably simpler when you have FAANG listed on your resume.
• Highly valued. Many FAANG engineers have a lot of control on their projects, and are tasked with major responsibilities. These companies are known to value their engineers more than ones that do not revolve completely around technology. When working at FAANG, engineers have the latest technologies at their disposal. They also get to solve technical problems at scale. 
• Stability. Larger companies typically follow well-defined structures, be it for operations or growth. Employees tend to be well aware of their responsibilities. They don’t have to worry about volatility as they would in startups, which is ideal for people who are seeking professional stability. With a startup, a single bug can lead to failure or bankruptcy, whereas retooling is always an option at FAANG.
• Perks. Perks for FAANG employees can come in the form of parental leave, paid time off, transportation coverage, wellness benefits, and stipends for higher education.

The Possible Downsides

Not all in hunky-dory in the FAANG world, or their employees would never leave. Incidentally, a recent study carried out by Blind and AngelList shows that around 60% startup employees are happy with their jobs, which is 30% more than their FAANG and Microsoft counterparts.

Other than suffering from burnouts, which are very real, here are other possible drawbacks of working at any of these companies.

• Lesser creative engagement. Positions at FAANG are typically highly specialized, which gives average employees a prescriptive and limited scope of creative engagement. This is because the skills required for such projects might focus on maintaining functionality as opposed to creating something new. Over time, you might realize you have nothing new to do, and are functioning as no more than a cog in the wheel.
• Cultural mismatch. Dealing with the corporate culture that FAANG follow might seem challenging for some people. While each of these companies has its own distinct culture, what they share in common, with the exception of Apple, is that they’re not very old businesses. Ex-FAANG employees have often complained about bureaucracy problems, poor work-life balance, internal politics, and impersonal management. So, you might find yourself stuck in office politics that hamper your growth, despite years of good performance.
• Difficulty in standing out. The more the competition, the harder it becomes to stand out. This holds true not just during the application process, but also when you become an employee. To make a mark for yourself, you need to be able to deliver great results consistently with minimal attention required for your development.
• Cost of living. Several engineers and software developers wish to join FAANG and move to areas such as Silicon Valley, San Jose, and Seattle. While relatively high compensation packages might seem like a good reason to relocate, you also need to account for the higher cost of living. For example, rents in the greater Seattle area and Silicon Valley are among the highest in the country. You might also want to consider how much time you would end up spending in commuting to and from work.

Conclusion

Getting a job with Facebook, Amazon, Apple, Netflix, or Google might look great on your resume, and you may also get a good compensation package. However, will it give you the value you seek? To answer this, identify your priorities ahead of time and determine if joining FAANG will help you in achieving your goals.

When Does it Make Sense to Accept a Lower Salary for the Same Role?

Ideally, your paycheck should keep increasing until you retire. However, truth remains that people end up taking jobs that pay lesser than their last ones for a variety of reasons. Besides, getting raises can be challenging for people who are already at good stages in their careers. So, when does it make sense to accept a lower salary for the same role or a comparable one?

You Get Better Perks

Workplace benefits play an important role in your overall compensation package. If the company you wish to join is offering stock grants in lieu of a decrease in pay, you might have reason to consider. This is because public equity is basically cash, and you can list the same on your mortgage application. What you need to account for is how much the stock will need to drop before it becomes unprofitable for you. A better than existing insurance package might also warrant your attention. Other benefits can come in the form of free on-site childcare and financial assistance for education.

You Need Work

If you are unemployed and need a job in a hurry, accepting a job with the same role at a lower pay might be in your best interest. This is because there is no telling when a desirable job might come your way. Besides, you can still keep looking for better opportunities.

You Need to Retain Your Job

There have been numerous instances of pay cuts because of the COVID-10 pandemic. A study carried out by Hewitt Associates suggests that more than 15% large businesses have decreased base salaries owing to the recession. These include names such as Hewlett Packard, The New York Times, and FedEx. Even the entertainment industry has been affected, with Jay Leno’s 50% pay cut being a prime example in case.

It Seems More Rewarding

Are you at the top salary range in your existing organization and see little to no room for growth? If so, you might think about moving to a company that offers a more fulfilling and engaging role with better long-term prospects, even if you stand to make lesser money for the time being.

You Wish for a Better Work-Life Balance

A survey conducted by Mom Corps shows that around 45% working adults would give some percentage of their salary up for increased flexibility at work. Consider this example – you get to work from home for two out of five days a week if you are willing to take a slight cut in your pay check. If you feel that you crave more personal time, this might be the path to take.

You Enter a New Industry

You might have to deal with a lower salary if you move to a new industry or if you take your expertise to a different department in the same organization. For instance, if you move from programming to sales, you will retain your industry expertise but lose out on your functional expertise. A decrease in salary could also be on the cards if you move to from programming for a leading tech company to programming for a government agency.

You Are Relocating to a Place With a Lower Cost of Living

If you are moving from a place with a high cost of living to one with a lower cost of living, accepting a lower salary makes sense. This is because it is fairly common for employers to pay lesser in areas that have low costs of living. The cost of living in New York and San Francisco, for instance, is higher than that of Salt Lake City, which is why salaries in the first two cities are typically higher.

Tackling the Interview

Your interviewer might want to know why you are willing to accept a lower paycheck. This is because there might be concerns about how long you will stick around with the company. Unless you wish to take the job because you have no other option, prepare to answer this question honestly.

Conclusion

If you plan to take on a role with a lower salary, make sure you are aware of all its financial implications. Remember that you are free to negotiate and make a counter offer, which can be up to 10% more than the original offer. Determine just why you are taking a cut in your paycheck to avoid heartache further down the road.

Joining a new job ? Make sure to ask these

Consider a scenario where an interviewer asks you if you have any questions about the company or the role for which you’re interviewing. Do you have a number of questions to ask, or are you left wondering? If you’re not sure about what questions to ask, you’ll have a fair indication of which way to go once you’re done watching this video.

Why do you need to ask questions during an interview, you wonder? Well, doing so can give you a clear picture of what to expect in your new job, and it can also help you make a well-informed decision.

While questions might vary depending on the type of role you’re applying for, here are some that remain common no matter which technology-based role you seek.

Will I have ownership of products?

It helps to find out if you’ll have to work along a predetermined path or if you’ll have enough influence to affect changes. For instance, you might get complete ownership of a product as soon as you join one organization, whereas you might have to wait indefinitely in another. Find out who decides product roadmaps and who is responsible for providing inputs. Ask if you’ll get to interact will all important stakeholders. This will better indicate your role in the organization.

Can I work on side projects?

Bear in mind that not all companies encourage or even allow their employees to take on side projects. Ask if working on side projects is allowed, be it contributing to open source platforms or developing software. If it’s allowed, your next question should cover the process you need to follow. Then, find out if you will need to get permission from the legal department. In some cases, companies take ownership of their employees’ side projects, especially if they’re related to the same market segment.

What will my work hours look like?

Sure, you get an indication of your work hours before you join. However, make sure you ask how realistic the timings are, ideally from an existing team member. This is because hiring and process managers might not give you the real picture.

How good is the company with following customer timelines?

Try to determine the approach your probable employer follows when adhering to timelines set by its customers. For instance, if a customer requires a product in two months, will the company ensure that it delivers within the given time frame? While an answer in the affirmative might speak well about the company’s outlook toward its customers, it can also indicate signs of burnouts for its employees – because you might need to burn the midnight oil, over and over again.

Who are your biggest clients and what pain points do you address?

Answers to these questions will vary significantly. However, what you need to look for in the answers is if they’re aligned. If you feel they’re largely misaligned, you get two options from which to choose. You may either view this as a red flag or consider taking it on as a challenge.

How many employees work from home?

Given the change in working styles and environments that have come about because of the COVID-19 pandemic, this question begs to be asked. While some companies are going all out in getting their employees to work from home, some others are not as forthcoming. 

Questions You Need to Ask Before Joining a Startup

If you plan to join a startup, you might benefit by asking these questions as well.

• What problem is the company trying to solve, and what is its USP?
• What’s your long-term vision for my role, my team, and the organization?
• What is your growth strategy?
• Is the company looking at being acquired soon or does it plan to move ahead on its own?
• Do you have an exit strategy in place?
• Who are the existing shareholders?
• How many months of operations can you sustain before the next round of funding?
• What is the biggest risk that the company faces?

Remember that an interview gives you the opportunity to clear any doubt you might have about your new job. Asking the right questions at this stage is crucial if you wish to sail smoothly down the line. After all, what good is landing up in a role or an organization that does little for your career’s growth?

Comic Time: Dependency Hell