Re:VMware Cuts Pay for Remote Workers Fleeing Silicon Valley
by ido on Saturday September 12, 2020 @01:34AM
(#24450108)
That was basically my experience, I wasn't given options only paid a normal salary ~25-30% higher to compensate me paying for my own health insurance, unemployment insurance, misc taxes etc.
Sure, and it's a good point that I think companies should consider instead of downright rejecting this option.
There are implications though: - What about equity grants? A lot of comp in SV based companies is based on equity (both liquid/illiquid). If you are hiring someone on a pure cash basis vs other people who are not - what kind of dynamic / incentives that will create?
I'm very curios about hearing your experiences working in freelance capacity for a US based company though, it sounds like something I would like to do at some point (as of hiring someone), and would really appreciate the ideas