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Data is impossible to read - seems like some people are converting their salary to USD, some others leave it in their home currency and a rare few provide the a
by jpmonette 9y ago
Data is impossible to read - seems like some people are converting their salary to USD, some others leave it in their home currency and a rare few provide the accurate currency. Interesting initiative though - would love to see this in a better format :)
- ciaoben 9y agoWhy do you say this? Can you give an example of someone who has converted their salary to USD? At the end I plan to polish the results and publish them
- atmosx 9y agoI am European and live in Europe but I've always been paid in USD and my salary is negotiated in USD, so I am not sure what parent means or why does currency matter.
- seszett 9y agoWell currency matters if you want to compare all answers. Also, the question specifically says "in €, otherwise specify" (edit: ok, I see it was added later). It's weird that you are paid in USD in Europe, isn't it? How comes?
- Bahamut 9y agoA lot of US companies tend to pay in USD regardless of locale when hiring remote.
- kuschku 9y agoThat would suck so much, taking a 30% paycut just in the past 7 months due to this.
- pc86 9y agoIt would also suck for the company to have payroll costs increase 30% because one of their remote devs happens to live in another country :)
- kuschku 9y agoThe company can always re-negotiate, but a 30% paycut might mean you can’t afford your rent or mortgage anymore.
- atmosx 9y agoAccording the ECB[1] data on 24 Jan 2017 the exchange rate was 1 EUR = 1.0514 USD and today is 1 EUR = 1.1806 USD so we have: (1.1806-1.0748)/1.0748 = 0.0984 => 0.0984 * 100 = 9.84% How exactly did you manage to lose 30%? [1] https://www.ecb.europa.eu/stats/policy_and_exchange_rates/euro_reference_exchange_rates/html/eurofxref-graph-usd.en.html https://www.ecb.europa.eu/stats/policy_and_exchange_rates/eu...
- kuschku 9y agoThen take another time span, but the currency fluctuations are so large that it becomes the largest factor to how much you actually take home. I definitely wouldn't want that. (I misremembered which currency fell 30% against the Euro, it was the pound instead)
- rogy 9y agoWWCD for UK people though, huge payrise in GBP if you're paid in USD
- atmosx 9y agoFirst clients were based in the US. So it started from there. Then I wanted to use a reserve currency[1] and I happen to have strong opinions on currencies, policies (FED, ECB, etc.), so I opted for the safest bet in the long run. [1] https://en.wikipedia.org/wiki/Reserve_currency#Global_currency_reserves https://en.wikipedia.org/wiki/Reserve_currency#Global_curren...