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alec.eth is yappingðŸ¤
@alec.eth
🔔Starting now🔔 A warm welcome to our inaugural /jobs AMA guest from the @undefined Talent Team, @harpcaster 🔴_🔴. Over the past two years, Harper has played a pivotal role in expanding the team from 20 to an impressively productive size of ~75 (labs + foundation). Reply here with your questions :)
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Jeffrey Lebowski
@lebowski
How does @undefined think about employee comp? Specifically, I’m thinking about comp mix/ratio btwn base, bonus (if applicable), equity (if applicable), crypto vs fiat, ETH, $OP token, etc Thank you so much!
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Harper
@harpcaster
OP Labs cares about two things; fair market comp and internal parity. We pay 75th percentile, SF-area rates for companies valued at $1B or more for all employees. We use three comp data aggregators to determine our bands and level people throughout the interview process. Everyone gets a $USD Base and tokens+equity.
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Harper
@harpcaster
Both the base and token/equity comp are determined by the market data I mentioned above :) Does that answer your question? Good one.
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shazow
@shazow.eth
Does this include founders/executives/directors etc? How are they benchmarked relative to lower-level employees? Does tokens/equity skew disproportionally up the pyramid, like it would with a typical company?
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Harper
@harpcaster
It pretty closely mirrors comp structures your'd see at more traditional tech companies. (Tokens skewing higher for execs). As much crypto is reinventing the wheel, trad orgs have some things figured out pretty well :)
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shazow
@shazow.eth
Trad co-ops are increasingly a thing too! I like how Informal Systems is structured. But I totally get you, can only fight so many battles at a time. :)
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