4 ms·
> You simply can't pay 100 people a salary and stay under $1M. Maybe 12 people, or $10M would be a better balance. As someone from a third-world country, I don
by HexDecOctBin 5y ago
> You simply can't pay 100 people a salary and stay under $1M. Maybe 12 people, or $10M would be a better balance.
As someone from a third-world country, I don't know whether to laugh or cry. I suspect that other than the hyper-inflated salaries in silicon valley, these metrics will be more than fair everywhere else.
- d3ckard 5y agoNope, one million is 10k a year per employee. That’s low even in Poland and definitely well, well below Polish IT, and Europe in general makes a fraction of SV salaries. Those numbers are a bad match.
- lostmsu 5y agoPoland is not a third world country though.
- micromacrofoot 5y agook now try India
- matkoniecz 5y agoPoland is poor by standards of Western Europe (or USA). It is not so poor by global standards.
- d3ckard 5y agoSure, but parent suggested SV bias here, which is not the case.
- shiryel 5y ago10k USD a year is a reasonable salary in some third-world countries, on Brazil the minimum wage is about 2600 USD a year
- not2b 5y agoBut the business will have other expenses besides salary (rent on a building, providing developers with machines, etc), so you would be down to 7k USD per year or lower for an 100-employee company to break even with only $1M/year revenue.
- hodgesrm 5y agoThat's not what qualified developers make in Brazil. It's quite a bit more than $2600 per month. Edit: clarity
- cestith 5y agoThe license doesn't say 100 full-time employee positions throughout the year. It says anyone who's been an employee or contractor during any part of the year. Did I pay someone $200 for an hour of consulting? That counts. Did I have an unpaid intern for 120 hours of work? That counts. Did I hire a bunch of work done somewhere else in the world for $5 an hour? Each of those people count. Did I pay a receptionist to man an office 20 hours a week at minimum wage? That counts.
- messe 5y agoYou couldn't pay 100 people minimum wage many places in Europe on that amount.
- 0xffff2 5y agoEmployees cost more than just their salaries. I doubt there's any software-based business anywhere in the US with more than ~6-8 employees on $1m revenue.
- LukeShu 5y ago$1M is $10k per employee, which is (in the USA) below the federal poverty line (i.e. not inflated SV numbers) of $12,880. Just working full time (≥35 hours a week) at the federal minimum wage ($7.25/hour) puts you over $13k.