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by notastartup 4351 days ago
what did you mean by tech hub rates?
3 comments

Companies usually scale pay based on the cost of living in the city where the worker lives. Tech hubs tend to be high cost of living areas. A $115k job in NYC becomes a $90k job in Omaha based on the premise that it costs 25% more to live in NYC.

This accurately reflects the buying power in the two different cities but base pay also generally translates percentage-wise into other benefits like 401k matching and your negotiating position for salary at your next job.

Pay them like they live in SF regardless of where they live.
Pay market rates equal to that in SF / Silicon Valley as it's the most expensive area in the country currently.