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A Visa for founders, engineers and investors willing to join France

visa.lafrenchtech.com

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Re: A Visa for founders, engineers and investors willing to join France

#611

Post by hluska »

user5994461 wrote: post #602
NamTaf wrote: post #596

Earlier quoted context omitted.

French employees aren't paid on their standard holidays? It also seems strange that if you're working over the 35/hr week baseline and being compensated for it by extra leave, that you would not be paid during that leave. After all, you're working extra for that time off, so you've essentially just already worked those weeks in advance.

In accounting terms, your pay is calculated as hourly rate * time working. It's averaged over the year and paid monthly. All the holidays are time not working over the year. So, yes, it is definitely lowering your pay.

Pardon my ignorance, but may I ask a question?

The GP mentioned 5 weeks vacation + public holidays. To make my example easier, let's say that I worked in France and decided to take the month of July off (using the 5 weeks vacation). Would I get paid for that vacation? Or is the 5 weeks vacation unpaid??

In Canada, my vacation is paid, so if I take an entire month off, I collect my pay cheques as usual.

Re: A Visa for founders, engineers and investors willing to join France

#612

Post by morgante »

Jare wrote: post #610
morgante wrote: post #588

Earlier quoted context omitted.

I love how people trot out universal healthcare or pensions as a reason to ignore that European salaries are so much lower. With an American tech salary of $200k/yr, I can pay for all of that (health insurance, student loans, etc.) and still sock away $100k/yr in savings. That $100k is more than enough to build up a massive nest egg which will provide for me better than any pension or unemployment insurance would. If…

You don't understand; this is not about what YOU (or should I say WE, highly sought-after engineers) can have. The point is that it is an ENTIRE COUNTRY (for the most part) that has access to those benefits and standards of living.

Uh, I do understand how socialism works.

The point is that, from an individual financial perspective, you're much worse off in the EU. I'm not making a normative judgement, just a financial one.

Re: A Visa for founders, engineers and investors willing to join France

#613

Post by prefect42 »

morgante wrote: post #588
renaudg wrote: post #425

Regarding French salaries again : yes they are lower than elsewhere but with some exceptions, French employers are not the problem : they do pay the same price for you as in other European countries, more or less ! The difference is that your average engineer in France costs them around 1.5-2.5 times the total take home pay, because of high, compulsory labor taxes. In exchange, employees get as standard : * a top not…

I love how people trot out universal healthcare or pensions as a reason to ignore that European salaries are so much lower. With an American tech salary of $200k/yr, I can pay for all of that (health insurance, student loans, etc.) and still sock away $100k/yr in savings. That $100k is more than enough to build up a massive nest egg which will provide for me better than any pension or unemployment insurance would. If…

Where do you that salary number from, American tech salary of 200k/yr?

Re: A Visa for founders, engineers and investors willing to join France

#614

Post by maverick_iceman »

prefect42 wrote: post #613
morgante wrote: post #588

Earlier quoted context omitted.

I love how people trot out universal healthcare or pensions as a reason to ignore that European salaries are so much lower. With an American tech salary of $200k/yr, I can pay for all of that (health insurance, student loans, etc.) and still sock away $100k/yr in savings. That $100k is more than enough to build up a massive nest egg which will provide for me better than any pension or unemployment insurance would. If…

Where do you that salary number from, American tech salary of 200k/yr?

In Silicon Valley, 200K is a pretty normal salary, I'd say it's actually on the lower end for mid career people.

Re: A Visa for founders, engineers and investors willing to join France

#615

Post by WildUtah »

user5994461 wrote: post #577
glandium wrote: post #549

Earlier quoted context omitted.

> Then with CDIs making it almost impossible to fire anyone This myth has to stop. It's almost impossible to fire anyone on the spot . You can't tell them "go home, and I don't want to hear from you again". You have to give them up to 3 months notice (depending on the contract, for engineers, it's going to be 3 months). But you can still have them go home and never come back, as long as those 3 months are paid. Edit:…

For a UK contract (and probably USA), there is a clause that says 'if any party decides to end the contract, so be it, and there will be X weeks/months of notice". For a French contract (CDI = permanent), it's not possible to terminate the employee unilaterally.

For a UK contract (and probably USA), there is a clause that says 'if any party decides to end the contract, so be it, and there will be X weeks/months of notice".

I don't know what anyone's contract says, but the law in the USA is clear. Notice (and cause) are strictly optional. People offer two weeks notice when leaving by convention, but it is not required nor rewarded.

You can be asked to leave at any time with no warning nor compensation nor explanation.

Re: A Visa for founders, engineers and investors willing to join France

#616

Post by mhlakhani »

morgante wrote: post #588
renaudg wrote: post #425

Regarding French salaries again : yes they are lower than elsewhere but with some exceptions, French employers are not the problem : they do pay the same price for you as in other European countries, more or less ! The difference is that your average engineer in France costs them around 1.5-2.5 times the total take home pay, because of high, compulsory labor taxes. In exchange, employees get as standard : * a top not…

I love how people trot out universal healthcare or pensions as a reason to ignore that European salaries are so much lower. With an American tech salary of $200k/yr, I can pay for all of that (health insurance, student loans, etc.) and still sock away $100k/yr in savings. That $100k is more than enough to build up a massive nest egg which will provide for me better than any pension or unemployment insurance would. If…

> With an American tech salary of $200k/yr, I can pay for all of that (health insurance, student loans, etc.) and still sock away $100k/yr in savings.

Are you sure you're counting it as 200k and not a higher number? With taxes in the bay area, at least 70k of that is gone and surviving on 30k/year is kind of tough if you want to save a full 100k.

Re: A Visa for founders, engineers and investors willing to join France

#617

Post by hluska »

reacharavindh wrote: post #606
erowtom wrote: post #510

Earlier quoted context omitted.

Update : Thanks for the feedbacks ! 1st update: Included mobile phone + Internet 2nd update: Huge update, completly forgot about one tax on the salary.. ----------------------- I'm French, I can give you some more details. I'm a full stack Ruby Developer, and I work at https://www.talent.io , the first recruitment platform for developers in Europe. (If you're looking to relocate in Paris, London or Berlin, you know w…

Just wanted to add another data point for comparison. South East USA. All numbers in USD. Gross earnings = 104000 / year Bonus + Stocks = ~12000 / year Income tax = 31986 (27.5%) (Fed + State + Social security + Medicare) Earnings after taxes = 84014 Expenses : ----------- Rent : 1 BR in the city = 800/month or 9600/year (Living by myself) Utilities = 150 / mont or 1800 / year (Phone + Internet + Electricity) 401K co…

Thanks for the information and good luck with your move. New experiences and family are worth significantly more than money - best of luck and have fun!

Re: A Visa for founders, engineers and investors willing to join France

#618

Post by maverick_iceman »

tornadoboy55 wrote: post #450
ensignavenger wrote: post #436

Earlier quoted context omitted.

Did you miss the part where he said he had health insurance paid for by his employer?

.. which is usually capped. So you are covered for minor incidents, but anything above 200k (or whatever the cap is) will completely fuck you up. Because anything that will have that much cost will also be something serious enough to incapacitate you for a long time and leave you without income. EU healthcare usually doesn't have cap, nor a deductible of thousands of dollars.

Any big tech company in SV offer amazing health insurance. I've never heard anyone say they had rouble with coverage/pre-existing condition/deductible/copay.

Re: A Visa for founders, engineers and investors willing to join France

#619

Post by WildUtah »

ekianjo wrote: post #547
tostaki wrote: post #522

Earlier quoted context omitted.

As a French living in Paris and having created a company before I'm sorry but some of your points are simply not true and/or not relevant. > $130k in the US [...] vs. $50k Just no, a $130k salary in the US would be at least 70k€ in Paris. In others city it would probably be less but the cost of living would be much less too. > there's even talk of actually forcing men to take paternity leave Just because one organiza…

tokyo has way better access to public transport than Paris. And better quality transport too. Again chauvinism coming out whenever anything is mentioned about France. Paris n est pas le nombril du monde.

tokyo has way better access to public transport than Paris.

And at half the density. The median neighborhood of the Toyko metro area is 150 while central Paris is 300 and outlying neighborhoods—not as well served by transit as Tokyo's—are over 200.

And better quality transport too.

That's largely a matter of serving Japanese passengers. In my experience, no one else matches the consistent care and respect that even young and rowdy Japanese people actively apply to public space.

Re: A Visa for founders, engineers and investors willing to join France

#620

Post by maverick_iceman »

morgante wrote: post #594
tornadoboy55 wrote: post #450

Earlier quoted context omitted.

.. which is usually capped. So you are covered for minor incidents, but anything above 200k (or whatever the cap is) will completely fuck you up. Because anything that will have that much cost will also be something serious enough to incapacitate you for a long time and leave you without income. EU healthcare usually doesn't have cap, nor a deductible of thousands of dollars.

You seem to have no idea how health insurance works. Any good healthcare plan, especially post-ACA, will not have a cap like that. People way overvalue free healthcare. Yes, it would be nice but it's nowhere near worth the salary differential. I pay $160/m for my health care. It's a high deductible plan, but even if I were to reach the deductible every year then my total expenses would be $9,070=(160*12)+7,150. The c…

Absolutely. A lot of people seem to have almost a religious deference for free healthcare. I'm young, disease free so I've only minimal healthcare costs. Losing out >$100K/year on salary in exchange of free healthcare seems like a stupendously bad deal to me.
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