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The article states he received those options as a contractor. Is this common? I was under the impression that only employees are entitled to stock options. If i
by winteriscoming 10y ago
The article states he received those options as a contractor. Is this common? I was under the impression that only employees are entitled to stock options. If it's possible to get these options as a contractor, what really differentiates the two practically?
- phlo 10y agoUsing what information one can gather from their salary calculator [1, 2], the distinction seems to be mostly related to the staffer's location. Staff from US, UK, NL, IN, CN, BE are hired as employees (with a salary multiple ranging from 0.66 to 1.00) of Gitlab Inc., while staff from all other locations is hired as contractors of Gitlab B.V., using a multiple of 1.17 (probably to make up for the lack of employee benefits). I have no relation to Gitlab other than having had a look at some of their job postings, so please do take this information with a grain of salt. Happy to have someone more familiar with the details correct any mistakes. [1] visible on many job ads, like https://about.gitlab.com/jobs/security-specialist/ https://about.gitlab.com/jobs/security-specialist/ [2] salary data is at https://about.gitlab.com/salary/data.json https://about.gitlab.com/salary/data.json