Re:Stripe’s fifth engineering hub is Remote
by goobynight on Thursday May 02, 2019 @06:26PM
(#19813556)
"Having to live in the bay area" could be seen as negative value that the company was formerly "providing".
Is it equivalent to a 30% pay cut? Probably not. Is it worth at least 15k a year (post tax, so more like 20k minimum) at the absolute minimum? Yes.
Re:Stripe’s fifth engineering hub is Remote
by deathanatos on Thursday May 02, 2019 @08:21PM
(#19814343)
Median US 1 bedroom rent: $1,209 / mo [1]
Median SF 1 bedroom rent: $3,690 / mo [2]
That's a difference of $29,772 / yr. Post-tax.
[1]: https://www.businessinsider.com/rental-prices-are-soaring-ar...
[2]: https://sanfrancisco.cbslocal.com/2019/03/05/median-1-bedroo...
Re:Stripe’s fifth engineering hub is Remote
by austenallred on Thursday May 02, 2019 @05:38PM
(#19813231)
3) is pretty drastically different in a remote environment
Re:Stripe’s fifth engineering hub is Remote
by balfirevic on Thursday May 02, 2019 @05:46PM
(#19813295)
Yes, of course. I wanted to emphasize that the underlying forces are the same even if the results end up different.
That's why Bay Area companies don't usually offer Bay Area salaries for remote workers around the world. And also why Croatian companies don't hire remote workers in San Francisco :)
1) Value that employee brings to the company
2) Value that company brings to the employee (mostly, but not exclusively, salary)
3) Alternatives available for both the company and employee
I don't see a good reason to expect this (admittedly simplified) model to change with remote work arrangement.