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A lot of US companies tend to pay in USD regardless of locale when hiring remote.
by Bahamut 9y ago
A 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