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"And though we intend to hire remote engineers in Europe and Asia eventually, our hubs in Dublin and Singapore are not sufficiently established to support remot
by starshadowx2 7y ago
"And though we intend to hire remote engineers in Europe and Asia eventually, our hubs in Dublin and Singapore are not sufficiently established to support remotes just yet."
- C4stor 7y agoI read that, but the timezone problem doesn't really explain why south america was slashed. Overall it seems a bit strange to explain "we officially have a remote hub" and "remote workers need to be supported by physical hubs".
- kevsim 7y ago"There is substantial organizational, legal, and financial infrastructure required to support each new jurisdiction we hire in, so we have to be measured in how quickly we expand." Each country you want to pay salary in comes with legal aspects. Therefore they have to be a bit tactical with where they try to hire people.
- greenhatman 7y agoI work remotely for a U.S. based company from South Africa. I don't think they do anything special for each different territory. The IRS stuff just has two categories - U.S. and outside U.S. I'd love to apply for an engineering job at Stripe.
- tick_tock_tick 7y agoIf you don't care about the laws in South Africa that's fine but they are too big to risk that.
- lugg 7y agoYou're acting like hiring a local firm for a few hours to advise on this is somehow constricting. Its not. Hiring in other locales is a perceived difficulty. Not a reality.
- planetburgess 7y agoEstablishing a registered entity to employ in a foreign country is not a few hours advice. It is difficult, expensive and time consuming.
- imhoguy 7y agoAs remote guy I see potential for disruption in this area. So far umbrella subsidiaries or agencies and invoice-based contracting does the job, but stuff like IP rights and liability is quite complex. We would need some Stripe-like service for employment matters.
- awad 7y agoThis is spot on. People who've never had to deal with the administrative overhead of having to accommodate a new locale per employee don't realize how difficult it can be. There is substantial tooling on the front office side with respect to remote work, but the back office is sorely lacking and one of the key inhibiters of more companies doing this at sufficient scale.
- Androider 7y agoIn the US there are PEOs (professional employer organizations) that function as virtual co-employers that allow companies to hire in all 50 states without establishing a physical presence, handles payroll, state taxes, health insurance and benefits in all the states etc. Something like that, but on a global scale, would be amazing for remote hiring. What unfortunately now seems to happen is that remote foreign employees get classified as contractors (which probably wouldn't stand up to any real scrutiny), which isn't great for either party.
- planetburgess 7y agoI wonder if there are additional restrictions based on being in financial services. It may require different licenses, registrations, insurance and employer regulations (e.g. different collective bargaining agreement) compared to traditional industries.