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A comment on Coinbase rethinking its approach to compensation.

Re:Coinbase rethinking its approach to compensation by WhySoCEREAL on Tuesday May 11, 2021 @06:52PM (#27124629)
"This year we’ve continued our commitment to top talent by further increasing our cash and equity compensation — from the 50th percentile amongst our peers to the 75th — across the entire company."

"Because our standard offers are world-class, we are officially eliminating negotiations on salary and equity from our recruiting process."

Aren't these things mutually exclusive? Wouldn't moving from 50th to 75th percentile mean your offers are not world class?

[ Parent | on HN ]
Re:Coinbase rethinking its approach to compensation by jtsiskin on Tuesday May 11, 2021 @09:31PM (#27125683)
They claim world class because they are “a highly competitive set of peers and some of the largest tech companies in the world”.

Moving “from 50th to 75th” is totally meaningless thought if they’re already arbitrarily deciding who is their “peer”. They could just change who the set of peers are to have any effect they want.

[ Parent | on HN ]