<story><title>Spotify is letting employees work from anywhere while paying SF and NY salaries</title><url>https://www.businessinsider.com/spotify-unveils-new-remote-work-option-for-all-employees-2021-2</url></story><parent_chain><item><author>nassycheezy</author><text>Please take note that Spotify pays sub-market salaries for these cities. The reason being that they do not offer RSUs but instead public stock options without any discount.&lt;p&gt;- Typical FAANG compensation: X base pay + Y RSUs + Z signing bonus&lt;p&gt;- Spotify: X base pay + Y stock options (public, so equivalent to you purchasing stocks really) + no signing bonus</text></item></parent_chain><comment><author>wan23</author><text>Spotify gives you the choice of RSUs or options or straight cash. &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;hrblog.spotify.com&amp;#x2F;2019&amp;#x2F;06&amp;#x2F;13&amp;#x2F;show-me-the-incentive&amp;#x2F;&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;hrblog.spotify.com&amp;#x2F;2019&amp;#x2F;06&amp;#x2F;13&amp;#x2F;show-me-the-incentive&amp;#x2F;&lt;/a&gt;</text></comment>
<story><title>Spotify is letting employees work from anywhere while paying SF and NY salaries</title><url>https://www.businessinsider.com/spotify-unveils-new-remote-work-option-for-all-employees-2021-2</url></story><parent_chain><item><author>nassycheezy</author><text>Please take note that Spotify pays sub-market salaries for these cities. The reason being that they do not offer RSUs but instead public stock options without any discount.&lt;p&gt;- Typical FAANG compensation: X base pay + Y RSUs + Z signing bonus&lt;p&gt;- Spotify: X base pay + Y stock options (public, so equivalent to you purchasing stocks really) + no signing bonus</text></item></parent_chain><comment><author>onion2k</author><text>The pay isn&amp;#x27;t particularly attractive compared to other tech companies in those cities, but it&amp;#x27;s still &lt;i&gt;massively&lt;/i&gt; better than 99% of other places in the world.</text></comment>