Re:Cheap Mortgages Deter Workers from Relocating for $250k Jobs
by SuperNinKenDo on Friday April 12, 2024 @07:55PM
(#40018892)
So offer then higher salaries to offset the costs of moving there? What exactly is the problem?
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Re:Cheap Mortgages Deter Workers from Relocating for $250k Jobs
by GauntletWizard on Friday April 12, 2024 @08:19PM
(#40019062)
These are already high salaries, and they're still not enough.
And that's a good thing. These companies need to pay the true price for talent, which is much higher than what they're paying but also they've done a lot of dirty tricks to grow as big as they are; the real price for what they're asking should bleed them dry.
Re:Cheap Mortgages Deter Workers from Relocating for $250k Jobs
by throwiforgtnlzy on Saturday April 13, 2024 @12:34AM
(#40020522)
Yep. While startup salaries are, and have always been, a joke, it's corporate cost of living adjustments (COLAs) that are a worsening joke when they fail to account for true COL differences. If a megacorp insists on relocating you from Austin, TX to Menlo Park, CA it should include a 75% TC raise or it would be a pay cut and wouldn't make economic sense. It's imperative that rational employees hold corporations accountable and refuse to be underpaid because not doing so hurts everyone else in the industry.