Read about the ideas behind it here: https://about.gitlab.com/handbook/people-operations/global-c...
Also your Experience Factor Worksheet is private, whether or not you care.
They had the budget for me if I lived in SF, but they stuck with their lowball offer.
That’s why they have this system.
If a hire lived with their parents in SF, does that mean they get paid less than their coworker that rents an apartment?
As is tought in any philosophy class in middle or high school, there’s multiple needs.
Give everyone according to their needs? Everyone the same? Fairness isn’t that simple.
Gitlab is trying to find a solution that is fair in their opinion, and if you disagree with that, you are free to choose a different employer.
So if your city has a better market-salary:rent ratio than NYC, their salaries are not competitive.
Conversely, they pay pretty well in Lisbon, since the rent is actually quite high compared to the pittance that software developers earn (which is why long commutes are common).
For comparison, Etsy gave me an offer earlier this year that was $185K, and came out literally in the week they had layoffs, and Google gave me an offer earlier this year that added up to about $215K (base + 15% bonus + RSUs which have an obvious nonzero cash value), with an expectation of year-over-year growth. (The actual job I accepted was higher than either of these.)
I think GitLab's numbers make sense in several markets but not in NYC and probably not in SFBA either. To be fair to them, there's no good reason to pay someone market rates for those cities when they're hiring a remote workforce, but the fact remains that they're significantly under market and probably losing out on good candidates as a result.
Its obvious that Google can offer high salaries. Same with Etsy, while its nowhere near Googles level, I feel like Gitlab's cashflow is nowhere near Etsy's cashflow either.
I checked for London and I can say that Gitlab seems to be giving out a low to average salary at best. Which is not bad considering that you can be working remotely from your home etc etc, and get maybe more shares in a startup like Gitlab.
But ye all and all I feel the OP is a bit right that since they got a better funding they should be looking at accumulating their salaries to go up for their devs that have been getting bellow market rates.
I do expect them to reach Etsy - they had been facing serious investor pressure at that point and laid off a lot of people in a lot of departments including the CEO and CTO, and had not reported a profit for several quarters (they reported one this year after the layoffs). They laid off their summer interns two weeks before the summer, leaving the poor college kids scrambling to find another internship. That's not a company with enough cashflow to make significantly-higher-than-market offers.
And yeah, the comment above (as I read it) was in comparison to GitLab raising a significant funding round.
I appreciate them being transparent about this. But the calculator suggested salary was too low for me to consider applying :(
Also, kudos on them for this calculator - very transparent!
[1] https://www.numbeo.com/cost-of-living/compare_cities.jsp?cou...