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If they were to scale the adjustment by 25% until Sep 2022, 50% until Sep 2023, 75% until Sep 2024, and then 100% thereafter, that would create a bunch of pay d
by philsnow 6y ago
If they were to scale the adjustment by 25% until Sep 2022, 50% until Sep 2023, 75% until Sep 2024, and then 100% thereafter, that would create a bunch of pay drops and they would probably be more likely to lose employees at those dates.
If they linearly interpolated the drop across the next 26*4 biweekly paychecks, would that be better.. or worse?
- nrmitchi 6y agoI don't know if it's better or worse. As I said, there are many ways to think about it. I do think that explicitly creating 2 different classes of employees probably wouldn't even make it to my short list. As well, I don't think that the early employees, who are already golden-handcuff-d (based on the growth in their valuation), are likely to be leaving Brex based solely on their salaries being adjusted if they explicitly choose to move. Honestly, I think the actual adjustment is likely to be a moot point, at least in the short term. Based on my experience chatting with people at Brex 18-ish months ago, my impression was that everyone there was very much in the "SF-or-bust" camp. Not only did it feel like they were very against remote, it felt like they were against people who didn't explicitly want to move to SF. I suspect that a majority of their staff that is already in SF is not going to permanently move out of the city in the next year or so. In 4 years? Who knows, but it's kind of why this 4-year window feels odd.