Videos and video sharing have become synonymous with YouTube. With over 871 thousand concurrent users as of 2020, it has kept the title of being the biggest video-sharing and social media platform for the past 16 consecutive years. Think of an alternative to YouTube, can you? No one can. Here, let’s know ‘Is YouTube a Good Company to Work for?’
With over $20 billion in revenue in 2020 alone, YouTube is one of the most successful companies to come out of the 21st century. With so much revenue and such a big name, thousands of people all across the world may be intrigued by the thought of working at YouTube.
If you’re thinking of applying for YouTube but are concerned about the company, this article is aimed directly to solve those concerns.
Is YouTube a Good Company to Work for
Employees are treated with tremendous care at YouTube but are handed arduous work and responsibility daily. Based on the reviews all across the internet, YouTube has an average rating of 4.6 out of 5 by employees. If you’re looking to work as an employee at YouTube, then you must go for it, not only do they have great pay but they also offer great career prospects and future opportunities.
YouTube has over 2 billion monthly users. This is a huge number. If you are looking to enter the content creation space then it may be tough in the beginning, with so much competition and great content already out there, but if you can carve your niche, then you can surely make it big.
Job Opportunities at YouTube
There are various job opportunities offered at YouTube, with everything from marketing to software engineering, below are some of the most sought-after jobs at YouTube along with their duties and salaries.
As a software engineer at YouTube, you will have to build new game-changing technologies that transform the way users look at data and interface. Engineers must be innovative and have refreshing ideas ranging in sectors like data storage, network design, UI (User Interface) design, AI (Artificial Intelligence), and much more. Possessing leadership qualities is a must, along with being enthusiastic and a team player.
The median annual salary of a Software Engineer at YouTube is $84,442. The salary may be subject to increase with the increase in years of experience along with raises.
As a marketing manager, you will have to supervise the brand reputation of YouTube, along with increasing the brand presence through advertising. Creating and managing budgets is also essential in tracking the progress of the campaigns and projects, ensuring their success. You must possess problem-solving skills and simplify messages without losing the core meaning. You’re also responsible for developing strategies that are successful in engaging with the key target audience.
The average annual salary of a Brand Marketing Manager at YouTube is $116,321. But it requires a minimum of 8-10 years of experience and excellent prior work.
Employee Benefits provided by YouTube
There is a reason behind the vast and unmatched success of YouTube. It’s the employees, as they are the backbone of the company. YouTube ensures the best perks and benefits for them to foster a healthy and stress-free environment. Some of the essential employee benefits are mentioned below.
- Flexible and remote work
- Health Insurance
- Vision Insurance
- Dental Insurance
- Tuition reimbursement
- 401k and retirement plans
- Employee Assistance Program (EAP)
- Paid Time Off (PTO)
- Maternity Leave of 16 weeks
The aforementioned benefits are only the essential benefits, YouTube also offers discounts with partnered stores, free lunch, and snacks for all employees.
History of YouTube
The present, as well as the future of YouTube, looks bright, but not many people know about the past of YouTube along with its founding fathers and how it has evolved throughout the years as the largest video-sharing platform in the world.
Whilst working at PayPal, three long-time friends and co-workers came together to form YouTube. It is the brainchild of Jawed Karim, Chad Hurley, and Steve Chen. Karim and Chen studied Computer Science at the University of Illinois, and Hurley studied the same at the University of Pennsylvania.
Initially devised as a dating website, the website was transformed into a video-sharing site. The domain name ‘YouTube’ was purchased on Valentine’s day in 2005. But it wasn’t until late April or April 23 of the same year to be precise, that video uploading options were integrated onto the website. It was the same day the first YouTube video titled ‘Me at the zoo” was uploaded by co-founder Jawed Karim. In the beginning, YouTube was angel-funded and operated from a garage.
In the same year, Sequoia Capital invested a whopping $4 million along with an additional $8 million after a few months of significant growth in the viewer base. In May 2005, YouTube had over 35,000 visitors a day. By early 2006, YouTube managed to garner over two million viewers daily, with 26 million videos uploaded and 25,000 being uploaded every day. By the summer of the same year, it became one of the fastest-growing sites on the internet. It was surpassing other video-sharing websites by a margin.
Acquisition by Google
Before the acquisition, Google had its video-sharing platform, called Google videos. The demand for Google videos drastically went down after the rise of YouTube. This lead to Google offering $1.65 billion in stock, an offer which the co-founders happily accepted on November 13. This was the second-largest acquisition made by Google. This kick-started the rise of YouTube all around the globe and the rest is history.
Today, YouTube has managed to surpass major TV networks in terms of both viewership and revenue. It has generated $15 billion in revenue, which is more than twice NBC’s $7 billion. Hence it is one of the most sought-after companies that individuals dream to work at one day.
With less than 30,000 viewers in the initial stages, YouTube has since expanded into a multi-billion dollar video-sharing website. With thousands of employees all over the world, working in different fields like marketing, software development, content creation, YouTube has managed to create an inclusive space for all their employees, so any skilled individual regardless of their field can apply. YouTube has believed in a diverse workplace, so no matter what race, ethnicity, gender, and orientation you belong to, YouTube will always welcome you. Hence, yes, YouTube is a great company to work for if you intended to develop skills and focus on personal as well as professional growth.