This could create a "golden chains" situation for employees, whereby they don't leave their job only because of the money, despite not being happy or as productive as they could be.
That's an amazing problem to have for most people.
Spotify is letting employees work from anywhere while paying SF and NY salaries
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Re: Spotify is letting employees work from anywhere while paying SF and NY salaries
#12This could create a "golden chains" situation for employees, whereby they don't leave their job only because of the money, despite not being happy or as productive as they could be.
Even in that situation, you could save enough of your cash to eventually leave and strike out on your own / take a lower paying job with better satisfaction.
Re: Spotify is letting employees work from anywhere while paying SF and NY salaries
#13FWIW we [0] employ a lot of people in the EU working remotely and a large part of them earns SF/NY salaries.
Probably a strong selection bias to the types of companies that choose to work with us.
[0]: I'm the CEO of remote.com
Re: Spotify is letting employees work from anywhere while paying SF and NY salaries
#14Do they pay those salaries in Europe? Because European salaries are usually 1/3 of the US rate.
Very interested in that as well
Re: Spotify is letting employees work from anywhere while paying SF and NY salaries
#15This could create a "golden chains" situation for employees, whereby they don't leave their job only because of the money, despite not being happy or as productive as they could be.
It's a classic #firstworldproblem that many wish they had. I certainly wouldn't blame the employer for that.
Re: Spotify is letting employees work from anywhere while paying SF and NY salaries
#16Do they pay those salaries in Europe? Because European salaries are usually 1/3 of the US rate.
"Most of our offices are in large cities like New York, London and Stockholm"
I looked out my window and laugthed abit reading that. They can't compare Stockholm with London amd NY like that ...
Spotify in Stockholm does not pay NY wages today atleast.
Re: Spotify is letting employees work from anywhere while paying SF and NY salaries
#17Do they pay those salaries in Europe? Because European salaries are usually 1/3 of the US rate.
Very interested in that as well
From what I've gathered when interviewing and the public data you can find on levels.fyi, Spotify doesn't pay their Stockholm employees very well, even by European standards.
Re: Spotify is letting employees work from anywhere while paying SF and NY salaries
#18that's nice - it would be even better if they paid artists remotely equitably.
Re: Spotify is letting employees work from anywhere while paying SF and NY salaries
#19This could create a "golden chains" situation for employees, whereby they don't leave their job only because of the money, despite not being happy or as productive as they could be.
Doesn't that already exist working remote or not?
The effect is much more muted living somewhere like SF or NYC, because there's a bunch of companies around those areas that pay similarly that you could switch to.
If other high-paying companies started also paying major tech hub wages to anywhere in the US for remote work, then this problem would be similarly alleviated.
Re: Spotify is letting employees work from anywhere while paying SF and NY salaries
#20Make hay while the sun shines. A true shift to remote work, should it happen, spells the eventual end of insanely high SF FANMAG salaries. Market forces will soon close these opportunities.
My limited experience tells me people aren't prepared for homogenization of salaries across geographies:
South East England, outside London: 1x
London: 2x
New York: 3x
San Francisco: 6x