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I think everyone's financial situation is different. I agree with you that if you try to cater compensation by a hire's lifestyle choices, then it does get rea
by itake 9y ago
I think everyone's financial situation is different. I agree with you that if you try to cater compensation by a hire's lifestyle choices, then it does get really hard to keep everyone happy.
IMHO, living in SF is a choice, especially at a remote company. Just like buying a Tesla or choosing to live in your car instead of renting an apartment is also a choice.
I don't think companies should pay one employee less because they choose to have a cheaper lifestyle than the employees that buy Teslas or live in San Francisco.
- ukd1 9y agoI think employees should be paid fairly (which works both ways) based on where they live; if we can pay you above the local average for your role and you don't want to move, then we're an attractive offer.
- itake 9y agoJW, but how do you think about taxes? Would an American living in Denmark earn more than a Danish living in Denmark, because the American has much higher tax liability? Or maybe the American doesn't report the income to Denmark so has very low taxes compared to a danish or American-based co-workers since they qualify for FEIE? Does the married American with the marriage tax breaks get paid more or less than a single American?
- ukd1 9y agoThis is why paying a percentile of local rates makes the most sense, imho.