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A CEO Who Pays Employees to De-Locate from the Bay

blog.ycombinator.com

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Re: A CEO Who Pays Employees to De-Locate from the Bay

#2

Post by sabujp » 

    "was if you're in the Bay Area and you take a job with 
    Zapier we'll pay $10,000 to help you relocate to 
    anywhere, or as we call it, de-locate."
..so this is just a one time re-location "bonus"? I think many large companies "pay you" something close to this amount to re-locate to the bay area. This really doesn't help that much. What would be better is to pay bay area salaries/rates in another part of the country that doesn't have stupid expensive housing rates + 10k/yearly for not working in the bay area.

Re: A CEO Who Pays Employees to De-Locate from the Bay

#3

Post by watty »

This seems pretty genius. There is a surplus of highly skilled engineers in the Bay Area who are getting mediocre pay (when cost of living is taken into consideration). This allows Zapier to attract more of these highly skilled workers and not pay a premium to those in the bay area.

Re: A CEO Who Pays Employees to De-Locate from the Bay

#4

Post by CiPHPerCoder »

watty wrote: post #3

This seems pretty genius. There is a surplus of highly skilled engineers in the Bay Area who are getting mediocre pay (when cost of living is taken into consideration). This allows Zapier to attract more of these highly skilled workers and not pay a premium to those in the bay area.

I don't know if it's genius. To those of us who have never lived in the Bay Area and are perpetually sticker shocked by housing costs, it's really, really obvious.

But it's definitely a good idea.

Re: A CEO Who Pays Employees to De-Locate from the Bay

#5

Post by rm_-rf_slash »

$10,000 is a strong relocation package but the fine print is pretty clear that it's for reimbursement - not as a signing bonus.

You'd have to pay me pretty well to even consider moving to the Bay Area with today's housing prices. But if I'm already there with the salary I want, it may take even more to get me to leave. Certainly more than $10k in moving reimbursement.

Re: A CEO Who Pays Employees to De-Locate from the Bay

#9

Post by mattnewton »

rm_-rf_slash wrote: post #5

$10,000 is a strong relocation package but the fine print is pretty clear that it's for reimbursement - not as a signing bonus. You'd have to pay me pretty well to even consider moving to the Bay Area with today's housing prices. But if I'm already there with the salary I want, it may take even more to get me to leave. Certainly more than $10k in moving reimbursement.

Agreed, the fact that I can drive to virtually any of the worlds largest tech companies and many of its promising startups from my current work is worth a lot more than 10k. Once that pressure is removed, I assume employers will pay market rate at wherever you relocated to.
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