21–30 of 108 posts
How does "payment in USD" work, if I am not from the US? If the exchange value drops, I cannot pay rent? Everyone should probably get the employer to offer a currency-hedged payment, the fee is not that high.
Maybe this is only an issue if you live in the EU or UK where dollars aren't as highly sought.
Yeah the current "remote" really really sucks and sounds like snake-oil. It also give wrong stat when reading online comments. Many people that said it's easy for them often came from people live in the same city and country as those companies. "Remote" by default gives an impression that's it's global.
Why should remote mean global?
I don't think I actually answer "why should" .. but that's not what I say anyway.
How does "payment in USD" work, if I am not from the US? If the exchange value drops, I cannot pay rent? Everyone should probably get the employer to offer a currency-hedged payment, the fee is not that high.
How does "payment in USD" work, if I am not from the US? If the exchange value drops, I cannot pay rent? Everyone should probably get the employer to offer a currency-hedged payment, the fee is not that high.
Earlier quoted context omitted.
Many of them hire you as a contractor, of course. However, I noticed that more and more companies use an "HR as a service" (e.g. deel.com) to act as an intermediary who has an official branch in most countries and takes care of all the formalities for you.
In that case you’re working for deel and deel is contracting you out to the hiring company. Companies can fire you/lay you off without even any of the mediocre protections you get under US law. I’m not sure how deel handles this situation with employees in countries with stricter worker protections. Do they require the company to pay severance, do they include that in their fees? I suspect that they are operating in…
How does "payment in USD" work, if I am not from the US? If the exchange value drops, I cannot pay rent? Everyone should probably get the employer to offer a currency-hedged payment, the fee is not that high.
But you can also invoice the company you are working for, and then do the same in reverse, except it's usually you who do the conversion on the day you invoice them.
For long contracts, more than 6 months, I would definitely take into account the exchange rate. For shorter contracts, I wouldn't care. I'm from Norway, and none of the currencies I have worked "with" changes dramatically.
Earlier quoted context omitted.
"Know your customer" ... these are jobs on the internet, building the internet, for users on the internet. And because the internet is global.
> And because the internet is global Unfortunately, getting less and less true by the day. When I first used internet, it was truly global, anything someone else could access, I could as well. Nowadays, I'm finding more and more geoblocks everywhere. Sometimes I cannot access a website because apparently "a lot of internet criminals are also from the country you are accessing our website from, so you're collateral da…
How does "payment in USD" work, if I am not from the US? If the exchange value drops, I cannot pay rent? Everyone should probably get the employer to offer a currency-hedged payment, the fee is not that high.
Earlier quoted context omitted.
Many of them hire you as a contractor, of course. However, I noticed that more and more companies use an "HR as a service" (e.g. deel.com) to act as an intermediary who has an official branch in most countries and takes care of all the formalities for you.
In that case you’re working for deel and deel is contracting you out to the hiring company. Companies can fire you/lay you off without even any of the mediocre protections you get under US law. I’m not sure how deel handles this situation with employees in countries with stricter worker protections. Do they require the company to pay severance, do they include that in their fees? I suspect that they are operating in…
We hired engineers in Mexico through Deel and were required to provide the mandatory severance up front (I forgot the exact amount but I think it was like 3 months salary?).
That money sat in an escrow account until we let go of the employees at which point we still had to follow all of the local labor laws which I believe also meant that every severance needed to be individually negotiated.
Deel handled all the mechanics but we still had to follow the process (meaning that the time between deciding to lay people off and actually being able to do it was a month if I recall correctly).
For what it's worth the experience convinced me to stick to traditional contracting companies for my remote engineers. Deel is probably a better fit for a company looking to transition to having a full time headquarters and business set up in that country rather than one that wants to just leverage the global pool of engineers.
How does "payment in USD" work, if I am not from the US? If the exchange value drops, I cannot pay rent? Everyone should probably get the employer to offer a currency-hedged payment, the fee is not that high.