Perhaps I'm out of touch with European salaries but are they really that low (for a company that says they have 'competitive salary')?
A couple of observations:
* The performance measurement of 0.9, 1.0, and 1.1, appears to be a multiplier
* A thriving senior will be making less than most FANG interns (of course the reality is that different countries have different pay expectations). I live in a high COL city in Canada, no kids, and I would be making just enough money to support myself and my partner at that salary, without any ability to save money for retirement. I realize all my expenses aren't strictly 'essential' (my partner's school, gym memberships, occasional travel, and a few drinks every month), but doing the budget at the beginning of the year has been really sobering, and changed the way I evaluate prospective salaries.
It's important to look at the European context. We are a startup with series A based in Portugal paying the same (and higher) than similar sized startups in Germany at the same stage of funding.
Fair enough, this could very well be competitive for startups at that stage in Portugal. I'm not sure if this also means stock options are part of the package; if so that should definitely be included next to the asterisk.
A couple of observations:
* The performance measurement of 0.9, 1.0, and 1.1, appears to be a multiplier
* A thriving senior will be making less than most FANG interns (of course the reality is that different countries have different pay expectations). I live in a high COL city in Canada, no kids, and I would be making just enough money to support myself and my partner at that salary, without any ability to save money for retirement. I realize all my expenses aren't strictly 'essential' (my partner's school, gym memberships, occasional travel, and a few drinks every month), but doing the budget at the beginning of the year has been really sobering, and changed the way I evaluate prospective salaries.