4 ms·

> Can't believe only 21 employees walked The article said they extended the buyout offer indefinitely, so I wouldn't be surprised if more people leave over the

> Can't believe only 21 employees walked The article said they extended the buyout offer indefinitely, so I wouldn't be surprised if more people leave over the next few weeks. Even if you weren't thinking of leaving, 3-6 months severance would be really hard to turn down, especially if you know you can get another job quickly.

dudul 5y ago
Absolutely. At this point you start interviewing for a new job and get the extra 3/6mo of cash.
freddie_mercury 5y ago
If that many employees think they can get another, comparable, job quickly then that is implicitly saying Basecamp's overall compensation package (including how interesting the work is, extra time off in summer, profit sharing, etc, etc) isn't actually especially unique or valuable. Which kind of says something not great about Basecamp in and of itself.
- etchalon 5y ago
  They also made their overall compensation package a lot loss less attractive with 10% profit sharing as a replacement for lifestyle subsidies.
  - comp_throw7 5y ago
    Do you mean a lot more attractive? I would be shocked if the aforementioned lifestyle subsidies were valued by the median employee at even $1000/year; if the profit sharing came out to less than 5 figures in a normal year (again, for a median employee) I would likewise be surprised.
    - etchalon 5y ago
      Humans are weird. I’ve found most employees seem to be be more attracted to guaranteed subsidies than to profit sharing. Not all, but most. Just my experience though. Obviously, both is better.
  - shagie 5y ago
    So... hypothetically... (these may or may not be actual basecamp things - I don't know) > 50% off a gym membership But I already have a home gym. Will the company give me a check to help pay for my next piece of equipment? Why do I have to go into town to the gym to make use of this benefit? > Reimbursement of 25% off of Community Supported Agriculture I've got an orchard with more apples and pears than I know what to do with each year. I consider rhubarb to almost be a weed at this point. I get free eggs from my neighbor (and honey too - helps with the aforementioned apples and pears). Could I get 25% off my next fruit tree purchase instead? --- Such benefits are entirely missed on me. I wouldn't take advantage of them and so they're not serving the purpose of the company to entice me to stay. They also are a little bit disdainful in that other people (yea, I know... the "someone else is getting something I'm not" is a hard thing to excise from the mind) are getting extra benefits/bonuses/perks that I'm not able to take advantage of. A 10% profit sharing? Even if its worth "less" than those are previously offered - it's worth more to me.
- deleted 5y ago
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dudul 5y ago

Absolutely. At this point you start interviewing for a new job and get the extra 3/6mo of cash.

freddie_mercury 5y ago

If that many employees think they can get another, comparable, job quickly then that is implicitly saying Basecamp's overall compensation package (including how interesting the work is, extra time off in summer, profit sharing, etc, etc) isn't actually especially unique or valuable. Which kind of says something not great about Basecamp in and of itself.

etchalon 5y ago
They also made their overall compensation package a lot loss less attractive with 10% profit sharing as a replacement for lifestyle subsidies.
- comp_throw7 5y ago
  Do you mean a lot more attractive? I would be shocked if the aforementioned lifestyle subsidies were valued by the median employee at even $1000/year; if the profit sharing came out to less than 5 figures in a normal year (again, for a median employee) I would likewise be surprised.
  - etchalon 5y ago
    Humans are weird. I’ve found most employees seem to be be more attracted to guaranteed subsidies than to profit sharing. Not all, but most. Just my experience though. Obviously, both is better.
- shagie 5y ago
  So... hypothetically... (these may or may not be actual basecamp things - I don't know) > 50% off a gym membership But I already have a home gym. Will the company give me a check to help pay for my next piece of equipment? Why do I have to go into town to the gym to make use of this benefit? > Reimbursement of 25% off of Community Supported Agriculture I've got an orchard with more apples and pears than I know what to do with each year. I consider rhubarb to almost be a weed at this point. I get free eggs from my neighbor (and honey too - helps with the aforementioned apples and pears). Could I get 25% off my next fruit tree purchase instead? --- Such benefits are entirely missed on me. I wouldn't take advantage of them and so they're not serving the purpose of the company to entice me to stay. They also are a little bit disdainful in that other people (yea, I know... the "someone else is getting something I'm not" is a hard thing to excise from the mind) are getting extra benefits/bonuses/perks that I'm not able to take advantage of. A 10% profit sharing? Even if its worth "less" than those are previously offered - it's worth more to me.
deleted 5y ago
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