Re:Buffer’s Salary Formula 3.0
by phantom_oracle on Thursday January 04, 2018 @07:59AM
(#16069984)
A couple of things to point out:
- They say they are doing away with location-specific factors in the formula. However, their formula still uses Numbeo to calculate cost-of-living based on your locality (which is location-specific)
- They seem to be transparently "hiding" (an oxymoron I know) the fact that their new formula is stripping away 2 major benefits:
- Removing 3% Loyalty Raise
- The Salary Choice Option Now Phases out at 4 Years ("In fact, in May of 2016, we stopped offering this choice.")
I actually mentioned this company in my comment about the Basecamp salary adjustments [1]
I'm going to agree with StavrosK on this and say that these formulas are pointless at best (and probably just a means to give HR/finance/marketing some extra work).
Living in SF/NY/London is expensive, but the tradeoffs for living in these areas is the high demand for technical skills and networking (tradeoffs in a professional sense).
- They say they are doing away with location-specific factors in the formula. However, their formula still uses Numbeo to calculate cost-of-living based on your locality (which is location-specific)
- They seem to be transparently "hiding" (an oxymoron I know) the fact that their new formula is stripping away 2 major benefits:
I actually mentioned this company in my comment about the Basecamp salary adjustments [1]I'm going to agree with StavrosK on this and say that these formulas are pointless at best (and probably just a means to give HR/finance/marketing some extra work).
Living in SF/NY/London is expensive, but the tradeoffs for living in these areas is the high demand for technical skills and networking (tradeoffs in a professional sense).
[1] https://news.ycombinator.com/item?id=16051062