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thijsniks's profile
Thijs Niks
Thijs Niks
Thijs Niks
@thijsniks

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Thijs Niks

@thijsniks

Product Manager for ☎️ at @WhatsApp / ❤️ retweets

San Francisco, CA
thijs.niks.nu
Joined February 2009

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    1. Cristina Cordova‏ @cjc 21 May 2020

      It boggles the mind that so many people didn’t know that employees are paid (at least in part) based on what the market will pay for a skill set in a given location. Often, there’s a disconnect between this and cost of living.

      9 replies 15 retweets 221 likes
      Show this thread
    2. Cristina Cordova‏ @cjc 21 May 2020

      For example, I’ve managed tech workers in engineering and business in London and they were always paid less than workers in SF or NYC, despite the very high cost of living in London.

      3 replies 0 retweets 46 likes
      Show this thread
    3. Cristina Cordova‏ @cjc 21 May 2020

      SF companies don’t pay more because SF has a high cost of living. SF companies pay more because it’s a highly competitive environment with strong talent that companies are willing to pay more for.

      5 replies 7 retweets 81 likes
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    4. Are Yu Cold?‏ @yuarecold 21 May 2020
      Replying to @cjc @thijsniks

      I get paid 80% of what I can earn in SF to work in Singapore / Hong Kong. Most strong talent are geographically mobile and compete on a global marketplace. You just have to pay me more to live in a feces-infested city where heroin needles are a common sight on sidewalks.

      1 reply 0 retweets 1 like
    5. Cristina Cordova‏ @cjc 21 May 2020
      Replying to @yuarecold @thijsniks

      Perhaps true for certain folks. Harder for people with kids, aging family members, partners with jobs also tied to the same location.

      1 reply 0 retweets 4 likes
    6. Are Yu Cold?‏ @yuarecold 22 May 2020
      Replying to @cjc @thijsniks

      true. but I think that also reflects the price premium employers have to pay to convince people to move to the bay area. if I got paid double what I earn now, I'd be more willing to move there; the price premium on tech comp in SF is a market-clearing price

      1 reply 0 retweets 0 likes
    7. Pepin  🔥‏ @Jauny 22 May 2020
      Replying to @yuarecold @cjc @thijsniks

      Have you ever tried to hire folks in SF? Any good candidate, in any role, will get multiple competing offers. It’s not about location. It’s about competition. Once there are more remote companies, great candidates will just have more competing offers.

      1 reply 0 retweets 0 likes
    8. Are Yu Cold?‏ @yuarecold 23 May 2020
      Replying to @Jauny @cjc @thijsniks

      I agree that many great candidates will have more competing offers. That's a separate point to there being a general price premium on people having to move to Bay Area. Bay Area is missing out on some great talent that don't want to relocate to the region at current prices.

      2 replies 0 retweets 0 likes
    9. Are Yu Cold?‏ @yuarecold 23 May 2020
      Replying to @yuarecold @Jauny and

      What's likely going to happen is that total comp for Bay Area people moving out will decrease (both for top talent and median talent), but total comp for non-Bay Area people will increase. In general, TC will normalize across geographic location and focus more on merit.

      1 reply 0 retweets 1 like
    10. Pepin  🔥‏ @Jauny 23 May 2020
      Replying to @yuarecold @cjc @thijsniks

      For the TC I think I agree. TC will probably lower for SF (not lower than 80% of today), rest of world is incredibly increase (very close to what SF gets to). FAANG will barely move, because they can afford it and won't change much about remote. (Google already said that)

      1 reply 0 retweets 0 likes
      Thijs Niks‏ @thijsniks 23 May 2020
      Replying to @Jauny @yuarecold @cjc

      I expect comp to be based for 90% on competition. For the same reason it already is much lower in Amsterdam or London compared to San Francisco. More firms will extend remote offers (increases pay), but number of candidates will increase more (decreases pay).

      11:22 AM - 23 May 2020
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      0 replies 0 retweets 1 like

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