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It's cheaper for the company, essentially trading mean for variance. Bad years, you have a trivial pay cut (no to low bonus), good years people get money. If y
by Agingcoder 4y ago
It's cheaper for the company, essentially trading mean for variance.
Bad years, you have a trivial pay cut (no to low bonus), good years people get money. If you have very high base pay, bad years you lose money.
If you're young, volatility is ok. If you're getting older and have kids, then you value certainty a bit more and want higher base pay, but you might make less money overall (say 2 dollars bonus is equal to 1 guaranteed dollar, but this is obviously highly dependent on the company/sector)
- exdsq 4y agoPart of the fun of the Web3 startup scene is that tokens can be liquid out of gate and are basically just a variable in a file to begin with, so trivial to make out of thin air for new hires. There's stories of 20-somethings getting 7 or even 8 figure pay days after 6 months work from a successful launch.