GitLab raises $20M Series C round led by GV

Re:GitLab raises $20M Series C round led by GV by ukd1 on Monday October 09, 2017 @12:41PM (#15435337)

Rainforest QA co-founder here; We actually now pay percentile of local equivalent, which is fairer if you want to compare apples-to-apples when looking for work without moving. We found that places like LA, with our previous structure, we just couldn't hire - LA actually has a better $ / living cost ratio for developers than SF! Meanwhile in other places, we'd be 95-100% percentile.

Anyway; compensation is really hard to get right and keep everyone happy, you do your best, but haters-gonna-hate.

p.s. also we're not remote only - we have some great SF engineers - but 90% of our eng is remote; we just want the best people regardless of location :)

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Re:GitLab raises $20M Series C round led by GV by itake on Monday October 09, 2017 @01:36PM (#15435804)

I think everyone's financial situation is different. I agree with you that if you try to cater compensation by a hire's lifestyle choices, then it does get really hard to keep everyone happy.

IMHO, living in SF is a choice, especially at a remote company. Just like buying a Tesla or choosing to live in your car instead of renting an apartment is also a choice.

I don't think companies should pay one employee less because they choose to have a cheaper lifestyle than the employees that buy Teslas or live in San Francisco.

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Re:GitLab raises $20M Series C round led by GV by ukd1 on Monday October 09, 2017 @03:42PM (#15436815)

I think employees should be paid fairly (which works both ways) based on where they live; if we can pay you above the local average for your role and you don't want to move, then we're an attractive offer.

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Re:GitLab raises $20M Series C round led by GV by itake on Monday October 09, 2017 @04:36PM (#15437244)

JW, but how do you think about taxes? Would an American living in Denmark earn more than a Danish living in Denmark, because the American has much higher tax liability?

Or maybe the American doesn't report the income to Denmark so has very low taxes compared to a danish or American-based co-workers since they qualify for FEIE?

Does the married American with the marriage tax breaks get paid more or less than a single American?

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Re:GitLab raises $20M Series C round led by GV by ukd1 on Tuesday October 10, 2017 @09:46PM (#15446733)

This is why paying a percentile of local rates makes the most sense, imho.

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Re:GitLab raises $20M Series C round led by GV by phonon on Monday October 09, 2017 @01:26PM (#15435719)

> -100% percentile

not likely :-)

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Re:GitLab raises $20M Series C round led by GV by ukd1 on Monday October 09, 2017 @03:40PM (#15436796)

haha, wasn't supposed to be 100% accurate ;), so maybe, but in a small enough market I buy this.

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