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> We have been a 100% remote workforce since inception and, as of July 31, 2021, had approximately 1,350 team members in over 65 countries. Operating remotely a

> We have been a 100% remote workforce since inception and, as of July 31, 2021, had approximately 1,350 team members in over 65 countries. Operating remotely allows us access to a global talent pool that enables us to hire talented team members, regardless of location, providing a strong competitive advantage. Will be interesting to see how many publicly traded companies are fully remote in 5, 10, 15 years. Especially since many new startups are starting as fully remote (and will probably stay that way and eventually IPO) and some publicly traded companies have shifted to fully remote (Coinbase, Square, Twitter)

lastofthemojito 5y ago
And famously they're leaders on the location-based pay side of the remote pay argument (as opposed to the "we pay everyone based on the value they bring" side): https://about.gitlab.com/handbook/total-rewards/compensation/compensation-calculator/#location-factor https://about.gitlab.com/handbook/total-rewards/compensation...
- LewisVerstappen 5y ago
  Interesting, thanks for the link. Median salary seems to be $170k according to Levels.fyi -> https://www.levels.fyi/company/GitLab/salaries/Software-Engineer/ https://www.levels.fyi/company/GitLab/salaries/Software-Engi...
  - zndr 5y ago
    You can actually see their salary calculator here https://about.gitlab.com/handbook/total-rewards/compensation/compensation-calculator/ https://about.gitlab.com/handbook/total-rewards/compensation...
    - yunohn 5y ago
      Are you able to actually use the calculator? You’ve linked the documentation page for it, but the actual tool seems restricted.
      - mikeyouse 5y ago
        You can't see the calculator, but you can see most of the inputs - for this discussion, the factors that weigh on the location-based adjustments are here: https://about.gitlab.com/handbook/total-rewards/compensation/compensation-calculator/#calculating-location-factors https://about.gitlab.com/handbook/total-rewards/compensation...
    - deleted 5y ago
      [deleted]
- Zenbit_UX 5y ago
  Another way of saying they'll never retain the best talent. At best they'll have "good" to mediocre. The best will move on. If you're the best at your language/library/framework you'll always find better compensation than a company that normalizes compensation by locale. There's plenty of top tier talent in cities across North America and Europe who can find remote employment at companies paying bay area rates.
digianarchist 5y ago
A lot of those companies are fully remote* *Timezones and working locations restricted.
sam0x17 5y ago
> Will be interesting to see how many publicly traded companies are fully remote in 5, 10, 15 years. I'm willing to take that bet. I've already suggested in numerous places on HN (pre-pandemic) that the commercial real estate market itself is going to collapse in the next 10 years because in a remote economy, office spaces have zero or even negative value, and I do see us gradually moving in that direction. Even tasks that traditionally require physical presence (working with CNC machines, materials engineering, etc) have found ways to work remotely using remote-presence robotics, etc., during the pandemic, and all the trustworthy research on the topic has pointed to remote = increased productivity, with FANG companies in particular spearheading the effort to publish bogus studies indicating the contrary. So in the long-run I think we're going to have a bunch of empty buildings and skyscrapers. As far as the CRE market goes, all those empty buildings would be a great opportunity to create high quality low-cost or free public housing, as is already done with great success in the Netherlands and many of the Nordic countries. Once remote becomes the norm, the obvious downside of offices (greatly increased cost for decreased productivity and grossly increased negative environmental impact) will do the rest of the work imo.
- gaadd33 5y ago
  Just wondering, how do you convert the large office buildings to residential when (at least in much of the US) a bedroom requires a window? A lot of office buildings have a lot more internal space then anything close to a window. It seems like that leads to long narrow shotgun type apartments.
  - sam0x17 5y ago
    It very well might. This would vary heavily on a per-building basis. Perhaps some buildings would simply go vacant.
- tinyhouse 5y ago
  I partly disagree. There will be high demand for co-working spaces because employees like to go to the office once you remove the cons (commute, sitting next to your boss, etc). Companies will gladly pay for that too. Commercial buildings will just convert to co-working spaces. I do see a problem for the centers where there's a high concentration of commercial buildings, esp if they are not nearby residential neighborhoods. Remote works want offices close to where they live, so co-working places need to be spread out and not all concentrated in one main area.

lastofthemojito 5y ago

And famously they're leaders on the location-based pay side of the remote pay argument (as opposed to the "we pay everyone based on the value they bring" side): https://about.gitlab.com/handbook/total-rewards/compensation/compensation-calculator/#location-factor https://about.gitlab.com/handbook/total-rewards/compensation...

LewisVerstappen 5y ago
Interesting, thanks for the link. Median salary seems to be $170k according to Levels.fyi -> https://www.levels.fyi/company/GitLab/salaries/Software-Engineer/ https://www.levels.fyi/company/GitLab/salaries/Software-Engi...
- zndr 5y ago
  You can actually see their salary calculator here https://about.gitlab.com/handbook/total-rewards/compensation/compensation-calculator/ https://about.gitlab.com/handbook/total-rewards/compensation...
  - yunohn 5y ago
    Are you able to actually use the calculator? You’ve linked the documentation page for it, but the actual tool seems restricted.
    - mikeyouse 5y ago
      You can't see the calculator, but you can see most of the inputs - for this discussion, the factors that weigh on the location-based adjustments are here: https://about.gitlab.com/handbook/total-rewards/compensation/compensation-calculator/#calculating-location-factors https://about.gitlab.com/handbook/total-rewards/compensation...
  - deleted 5y ago
    [deleted]
Zenbit_UX 5y ago
Another way of saying they'll never retain the best talent. At best they'll have "good" to mediocre. The best will move on. If you're the best at your language/library/framework you'll always find better compensation than a company that normalizes compensation by locale. There's plenty of top tier talent in cities across North America and Europe who can find remote employment at companies paying bay area rates.

digianarchist 5y ago

A lot of those companies are fully remote* *Timezones and working locations restricted.

sam0x17 5y ago

> Will be interesting to see how many publicly traded companies are fully remote in 5, 10, 15 years. I'm willing to take that bet. I've already suggested in numerous places on HN (pre-pandemic) that the commercial real estate market itself is going to collapse in the next 10 years because in a remote economy, office spaces have zero or even negative value, and I do see us gradually moving in that direction. Even tasks that traditionally require physical presence (working with CNC machines, materials engineering, etc) have found ways to work remotely using remote-presence robotics, etc., during the pandemic, and all the trustworthy research on the topic has pointed to remote = increased productivity, with FANG companies in particular spearheading the effort to publish bogus studies indicating the contrary. So in the long-run I think we're going to have a bunch of empty buildings and skyscrapers. As far as the CRE market goes, all those empty buildings would be a great opportunity to create high quality low-cost or free public housing, as is already done with great success in the Netherlands and many of the Nordic countries. Once remote becomes the norm, the obvious downside of offices (greatly increased cost for decreased productivity and grossly increased negative environmental impact) will do the rest of the work imo.

gaadd33 5y ago
Just wondering, how do you convert the large office buildings to residential when (at least in much of the US) a bedroom requires a window? A lot of office buildings have a lot more internal space then anything close to a window. It seems like that leads to long narrow shotgun type apartments.
- sam0x17 5y ago
  It very well might. This would vary heavily on a per-building basis. Perhaps some buildings would simply go vacant.
tinyhouse 5y ago
I partly disagree. There will be high demand for co-working spaces because employees like to go to the office once you remove the cons (commute, sitting next to your boss, etc). Companies will gladly pay for that too. Commercial buildings will just convert to co-working spaces. I do see a problem for the centers where there's a high concentration of commercial buildings, esp if they are not nearby residential neighborhoods. Remote works want offices close to where they live, so co-working places need to be spread out and not all concentrated in one main area.