Re:We need to rethink employee compensation
by bane on Wednesday June 24, 2015 @07:48PM
(#9775179)
You're certainly not paying for 24 people's salaries for 3 years with a $3m investment unless the company hits profitability very quickly (within the first year).
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Re:We need to rethink employee compensation
by tptacek on Wednesday June 24, 2015 @08:00PM
(#9775220)
In fairness, it's more like Qtr1:5FTE, Q3:10, Q5:15, Q7:20 and so on.
True, but I think lots of folks here have no idea how much revenue you have to bring in to cover 20+ employees. Lots of people think it's just salary*20.
Re:We need to rethink employee compensation
by rgbrgb on Wednesday June 24, 2015 @10:30PM
(#9775625)
Well in a software company salary is generally the dominating factor, so it is on the order of what you mentioned (times a multiple depending on how cushy the amenities). In my unqualified estimation, the multiple can kill you... seems like about 2x salary for SF, 1.6x for NYC, though my company prides ourselves on keeping it a lot leaner than many of our compatriots.
Re:We need to rethink employee compensation
by thedufer on Wednesday June 24, 2015 @10:59PM
(#9775696)
I think that multiplier is what bane was alluding to. Incidentally, your numbers seem low for software devs - I'm fairly certain I cost well over 2x salary (NYC). Although my company prides itself on compensating well, so maybe most startups run a lot leaner than that.