4 ms·

Can we just link directly to the Coinbase post [1] instead of this 8-sentence blog spam? [1] https://blog.coinbase.com/how-coinbase-is-rethinking-its-approach-

Can we just link directly to the Coinbase post [1] instead of this 8-sentence blog spam? [1] https://blog.coinbase.com/how-coinbase-is-rethinking-its-approach-to-compensation-9aaf7d5d638e https://blog.coinbase.com/how-coinbase-is-rethinking-its-app...

elefanten 5y ago
Thanks. This was much more informative. For those wondering, they’re doing: -increasing comp targets to be at or above industry 75th percentile across the company -no negotiation for comp (standardized starting offer by location/role) -yearly stock grants with no 1 year cliff upon hire
- sokoloff 5y ago
  "75th percentile of industry" is almost meaningless. Does industry include programmers at Comcast, Liberty Mutual Insurance, Staples, Smalltown Bank, Wipro, and everyone else who employs programmers in any capacity? Or does it mean Amazon, Facebook, Netflix, and Google? If you're beating three out of those four, your comp is excellent. If you're beating 3 out of 4 all companies who hire programmers, you're hopelessly uncompetitive with the "actual" top tech market.
  - jacobr1 5y ago
    It is a named set of a peer SV companies. So probably FAANG, but they don't give specifics.
dang 5y ago
Hmm - turns out it had a thread here - https://news.ycombinator.com/item?id=27119787 https://news.ycombinator.com/item?id=27119787. We could re-up that one instead, but it's not very good. Normally I'd agree with you and merge the threads or similar—but I'm not sure I'd call this post blog spam. It's true that it doesn't go deep, but he's raising a general question that isn't quite the same thing as the OP.
988747 5y ago
Maybe I'm too cynical, but this "Eliminating negotiations from the hiring process" feels like they are saying "we are going to underpay you, severely" Negotiations are normal part of the process, if they try to eliminate it, they will simply not receive applications from the top candidates. Blaming it all on "women and minorities would end up underpaid" is a brilliant excuse.
- URSpider94 5y ago
  Presumably, "the top candidates" will be assessed as being higher-level employees, and will get better offers commensurate with their level? They aren't saying that everyone will get the same offer, just that the offer you receive will be best and final. The fact that different socioeconomic groups approach negotiation differently has been shown to be a strong contributor to pervasive, long-standing differences in pay. This is a good step to start to address that inequity.
- titanomachy 5y ago
  Even companies that "don't negotiate" will often find ways to make exceptions for people they really want. They want equitable policies, and they want to take candidates' leverage, but ultimately they hate to lose someone they've decided they want.

elefanten 5y ago

Thanks. This was much more informative. For those wondering, they’re doing: -increasing comp targets to be at or above industry 75th percentile across the company -no negotiation for comp (standardized starting offer by location/role) -yearly stock grants with no 1 year cliff upon hire

sokoloff 5y ago
"75th percentile of industry" is almost meaningless. Does industry include programmers at Comcast, Liberty Mutual Insurance, Staples, Smalltown Bank, Wipro, and everyone else who employs programmers in any capacity? Or does it mean Amazon, Facebook, Netflix, and Google? If you're beating three out of those four, your comp is excellent. If you're beating 3 out of 4 all companies who hire programmers, you're hopelessly uncompetitive with the "actual" top tech market.
- jacobr1 5y ago
  It is a named set of a peer SV companies. So probably FAANG, but they don't give specifics.

dang 5y ago

Hmm - turns out it had a thread here - https://news.ycombinator.com/item?id=27119787 https://news.ycombinator.com/item?id=27119787. We could re-up that one instead, but it's not very good. Normally I'd agree with you and merge the threads or similar—but I'm not sure I'd call this post blog spam. It's true that it doesn't go deep, but he's raising a general question that isn't quite the same thing as the OP.

988747 5y ago

Maybe I'm too cynical, but this "Eliminating negotiations from the hiring process" feels like they are saying "we are going to underpay you, severely" Negotiations are normal part of the process, if they try to eliminate it, they will simply not receive applications from the top candidates. Blaming it all on "women and minorities would end up underpaid" is a brilliant excuse.

URSpider94 5y ago
Presumably, "the top candidates" will be assessed as being higher-level employees, and will get better offers commensurate with their level? They aren't saying that everyone will get the same offer, just that the offer you receive will be best and final. The fact that different socioeconomic groups approach negotiation differently has been shown to be a strong contributor to pervasive, long-standing differences in pay. This is a good step to start to address that inequity.
titanomachy 5y ago
Even companies that "don't negotiate" will often find ways to make exceptions for people they really want. They want equitable policies, and they want to take candidates' leverage, but ultimately they hate to lose someone they've decided they want.