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Oxide pays all employees $191,227 (Bay Area startup)

oxide.computer

61–70 of 202 posts

Re: Oxide pays all employees $191,227 (Bay Area startup)

#61

> Oxide not only offers the best healthcare plans we could find, but we also pay 100% of monthly premiums – a significant benefit for those with dependents. I confess I read TFA just to see when the other shoe would drop, and there it is: compensation varies depending on number of dependents. Yes it's hidden from the paycheck but insurance premiums are absolutely part of compensation. Yet the author openly praises th…

Pretty small shoe.

Re: Oxide pays all employees $191,227 (Bay Area startup)

#62

> Oxide not only offers the best healthcare plans we could find, but we also pay 100% of monthly premiums – a significant benefit for those with dependents. I confess I read TFA just to see when the other shoe would drop, and there it is: compensation varies depending on number of dependents. Yes it's hidden from the paycheck but insurance premiums are absolutely part of compensation. Yet the author openly praises th…

[deleted]

Re: Oxide pays all employees $191,227 (Bay Area startup)

#64

> Oxide not only offers the best healthcare plans we could find, but we also pay 100% of monthly premiums – a significant benefit for those with dependents. I confess I read TFA just to see when the other shoe would drop, and there it is: compensation varies depending on number of dependents. Yes it's hidden from the paycheck but insurance premiums are absolutely part of compensation. Yet the author openly praises th…

I mean, this is about the employees feeling equal. That's the purpose. Would they feel more equal or less equal if the guy with 2 kids and a stay at home wife got a smaller paycheck than the 25 y/o with no dependents? Seems like you'd be giving up perceived equal (the whole purpose) just to be technically equal.

Re: Oxide pays all employees $191,227 (Bay Area startup)

#65

> The truth is that companies pay people less in other geographies for a simple reason: because they can. We at Oxide just don’t agree with this; we pay people the same regardless of where they pick up their mail. So, look. I completely agree with this, and it’s an admirable ideal. If I were in a position to make this kind of decision, I’d make the same decision or one that looks a lot like it. But if you’re anticipa…

This is a really interesting perspective. People from poor countries should be paid less so they can't be rich relative to their neighbors.

Are rich people so destructive to neighborhoods?

Re: Oxide pays all employees $191,227 (Bay Area startup)

#66

Earlier quoted context omitted.

If everyone was paid the same as the CEO, at many startups everyone would quit.

Has this ever happened in real life?

It is fairly common for CEOs at pre-scale startups to pay themselves just enough to live on.

Re: Oxide pays all employees $191,227 (Bay Area startup)

#67

> Oxide not only offers the best healthcare plans we could find, but we also pay 100% of monthly premiums – a significant benefit for those with dependents. I confess I read TFA just to see when the other shoe would drop, and there it is: compensation varies depending on number of dependents. Yes it's hidden from the paycheck but insurance premiums are absolutely part of compensation. Yet the author openly praises th…

I can't tell if this is satire. Are you suggesting that they should pay higher salaries to single people because they likely won't use the healthcare plan as much? Should younger and healthier people also be paid more?

Re: Oxide pays all employees $191,227 (Bay Area startup)

#68

> The truth is that companies pay people less in other geographies for a simple reason: because they can. We at Oxide just don’t agree with this; we pay people the same regardless of where they pick up their mail. So, look. I completely agree with this, and it’s an admirable ideal. If I were in a position to make this kind of decision, I’d make the same decision or one that looks a lot like it. But if you’re anticipa…

Encouraging everybody to move to CA for a higher salary is also a distortion. The only way to have no effect is for your company not to exist at all.

Re: Oxide pays all employees $191,227 (Bay Area startup)

#69

"Everyone paid same as CEO" seems great as a morale boost at a startup of 23 employees. Even if it's not a lot, startups are often not flush with extra cash and equity is the main incentive to join one rather than a tech giant. I like the mature "this may not scale and it doesn't have to for now" admission.

"Everyone gets the same amount of equity as the CEO" would be a morale booster. "Everyone gets paid the same as the CEO" is at best a nice-to-have.

For 99.9% of the population, being paid the same as the CEO is a moral booster.

Re: Oxide pays all employees $191,227 (Bay Area startup)

#70

> Oxide not only offers the best healthcare plans we could find, but we also pay 100% of monthly premiums – a significant benefit for those with dependents. I confess I read TFA just to see when the other shoe would drop, and there it is: compensation varies depending on number of dependents. Yes it's hidden from the paycheck but insurance premiums are absolutely part of compensation. Yet the author openly praises th…

The cost to the company differs, but the pay to the employee does not differ: They have healthcare and $191,227. Sure, that healthcare is "worth more" if you have more kids, but you can't benefit from it if you don't anyways.
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