Live data from Hacker News

Basecamp doesn’t employ anyone in SF, but now we pay everyone as though all did

m.signalvnoise.com

91–100 of 192 posts

Re: Basecamp doesn’t employ anyone in SF, but now we pay everyone as though all did

#91
It would interesting to get a list of the resulting net salaries after taxes, health, retirement and social insurance premiums etc.

In addition, it would be interesting to get a comparison of the resulting purchase price power in the various countries.

Re: Basecamp doesn’t employ anyone in SF, but now we pay everyone as though all did

#92
Or, reading this as a hiring manager:

They need to pay those salaries to keep the talent and attract new one. Sign of a very hot market, "remote" does not mean not able to move to SF at any time and command those salaries.

You lose one or two key people to AGfA and you start shitting your pants.

Re: Basecamp doesn’t employ anyone in SF, but now we pay everyone as though all did

#93
post #33

Earlier quoted context omitted.

I certainly realise that developers (or other employees) aren't, and likely will never be, paid the same despite where they live. I accept that is the reality, however is it reasonable ? I don't believe it is at all reasonable to pay developers in India less, if they're able to perform their duties in the same manner as a developer in a western nation. Developers in India are generally paid less because employers can…

I have dev teams in several locations in Europe, one in India, and one in the US. Speaking specifically of the India developers, they are fully qualified and, given equal conditions, I believe they could perform in the same manner as a western developer. From the company's perspective, the conditions are not equal, try as we might (and do) to make them so. They are working on the other side of the clock from much of…

>but to make the economics make sense for the company

To increase profits for owners, actually.

Re: Basecamp doesn’t employ anyone in SF, but now we pay everyone as though all did

#94
post #65

Earlier quoted context omitted.

150k sounds way low for the Bay Area you can get that in other much less expensive metro areas.

No way on this earth, $150,000 is anywhere near normal in the Bay Area, let alone in other less expensive metros. Most people are absolutely not making that much money writing code. People have serious tunnel vision on HN.

May want to browse the countless compensation discussions in the app Blind. Lots of Bay Area offer info there.

Note that salary is a misnomer. The term now is "total compensation" which has a significant RSU portion.

Re: Basecamp doesn’t employ anyone in SF, but now we pay everyone as though all did

#95

Earlier quoted context omitted.

I think at some point it comes down to skill of talent too. Most locales also have companies that know that the best talent can go to the Bay Area and make $150,000 and much more, so they offer salaries that are way above normal for the area, but competitive to Bay Area salaries. But if you’re not on that side of the talent scale (or not perceived as being on that side of it), your salary ends up being in line with y…

Sure, but every single person going to the Bay Area isn't the "best talent", that's just not even realistic. So yes, talent demands big bucks, but it's still a bell curve, and that peak is below $150,000

I’m not implying everyone is the best talent and making 150k, quite the opposite.

But I definitely don’t agreee the peak is below 150k...

Re: Basecamp doesn’t employ anyone in SF, but now we pay everyone as though all did

#96

Earlier quoted context omitted.

Sure, but every single person going to the Bay Area isn't the "best talent", that's just not even realistic. So yes, talent demands big bucks, but it's still a bell curve, and that peak is below $150,000

I’m not implying everyone is the best talent and making 150k, quite the opposite. But I definitely don’t agreee the peak is below 150k...

I mean ryandrake above just stated glassdoor and salary.com showing $110,000 as the medium. So below $150k.

Re: Basecamp doesn’t employ anyone in SF, but now we pay everyone as though all did

#97
post #65

Earlier quoted context omitted.

150k sounds way low for the Bay Area you can get that in other much less expensive metro areas.

No way on this earth, $150,000 is anywhere near normal in the Bay Area, let alone in other less expensive metros. Most people are absolutely not making that much money writing code. People have serious tunnel vision on HN.

(Disclosure: I work for Triplebyte and helped publish our salary dataset recently.)

$150K is below the median base salary offer we see for senior software engineers. See https://triplebyte.com/software-engineer-salary -- with a few notes:

* This is base salary only. Total compensation is significantly higher once you include factors like equity compensation, bonuses, benefits.

* This does vary a lot with stage of company. Earlier-stage startups use more equity and less salary. We work with companies from pre-series A to public megacorp.

* This is for senior engineers. Less experienced engineers do typically earn less.

* We're fairly selective in the engineers we work with, but it's based on the abilities you demonstrate in our multiple-choice quiz and technical interview, rather than your credentials.

Re: Basecamp doesn’t employ anyone in SF, but now we pay everyone as though all did

#98
post #65

Earlier quoted context omitted.

People often tell me, "Yeah the Bay Area is expensive but the tech salaries make up for it." By being able to get a Bay Area salary (e.g. $150k/year) while working from anywhere in the world (e.g. any city where $40k/year is considered comfortable living and $80k/year is considered "well off"), the incentive to continue saturating the area with local talent decreases. Same salary, lower cost of living, AND the abilit…

150k sounds way low for the Bay Area you can get that in other much less expensive metro areas.

https://stackoverflow.com/jobs/salary/results?l=San+Francisc...

According to SO salary estimator the median salary of a 5y experience Java dev with a masters degree is $108k in SF.

Same profile in Hamburg yields €38k and in Paris €42k on average.

Re: Basecamp doesn’t employ anyone in SF, but now we pay everyone as though all did

#99

DHH has the coolest desk and home office I've ever seen: https://www.instagram.com/p/BcnPtAwlAKe/?hl=en&taken-by=dhh7... Check out the rest of the house too, amazing. I think some people have this image that Basecamp and DHH is some scrappy bootstrapper fighting the establishment. But really he is living the life that even most successful "exited" venture fueled founders wouldn't be able to attain, and he's just sayi…

He used to promote himself like this: https://m.signalvnoise.com/the-day-i-became-a-millionaire-55...

But then he counted his money again, bought a house in the hills of Malibu, a couple of mad cars (family car is a Rolls-Royce Phantom), starting being a race car driver (Le Mans),...

Never believe ANYONE who says money isn't the a key to happiness. Not the sole reason, but just take a look at his Insta again.

Kudos.

Re: Basecamp doesn’t employ anyone in SF, but now we pay everyone as though all did

#100

Well done. Personally, as a remote developer, I always make a point of billing at my "Bay Area Rate", even though I've never lived there. There was a point, early in my guy-on-the-beach-with-a-laptop era where I would cut my bill rate in half while working from the beach with a laptop. Clients were happy about that, and it more than paid for beers and thatch huts. Then one time I tried not cutting my bill rate in hal…

Is it just me that thinks working on the beach is awful? Too much light, sand, and heat to be able to concentrate Even if you're working in a coastal hut, nothing beats good ergonomics of a real office

Not all beaches are that hot and many have small pebbles instead of sand. Shade also does wonders.

I find it relaxing and easier to concentrate. Probably related to how I stare out the window when thinking about a problem.

Post reply on HN