3 ms·
when it comes to deciding compensation levels, what metrics do you use? what companies in the area pay? real estate prices? a mix or something else? there are
by tetraodonpuffer 10y ago
when it comes to deciding compensation levels, what metrics do you use? what companies in the area pay? real estate prices? a mix or something else?
there are places in the world where, say, the real estate is red-hot (obviously making higher salaries more desirable) but where local companies have not kept up with that (making cross-company surveys skew really low) so in that case what would you do?
Managing a distributed remote-friendly company definitely seems challenging, of course you're open source and have an awesome reputation, so salary is very likely not something prospective employees consider as much as they would otherwise when joining (which likely works in your favor in creating a very nice working environment full of engaged folks)
- sytse 10y agoWe're still in the early stages of this. Our current thinking is in https://docs.google.com/document/d/1TEHZTvg9jxlwvKvsc5fm2FvZ7tbS69iIQauSPnH8H3o/edit# https://docs.google.com/document/d/1TEHZTvg9jxlwvKvsc5fm2FvZ... We will maybe end up with a mix of cost of living, cost of labour, and rent. We address red-hot real estate by considering to add rent to the mix, but it is tricky since some team members might be living in rent-controlled apartments and we want to have a number that doesn't depend on personal circumstances.
- tetraodonpuffer 10y agothanks for the follow-up, it must be hard also because of say areas where the real estate is skyrocketing due to investment money coming in from abroad, but where rents aren't moving nearly as much (because local salaries aren't moving really), which makes compensation indexed on real estate skew very high, but compensation indexed on rents skew very low if one wants to be able to afford buying a house at some point