“This year we’ve continued our commitment to top talent by further increasing our cash and equity compensation – from the 50th percentile amongst our peers to the 75th – across the entire company,” Brock said. With the higher stakes, however, the company is holding fast to its corporate values when making a job offer to candidates. “Because our standard offers are world-class, we are officially eliminating negotiations on salary and equity from our recruiting process.”
Read more: Is your company open to flexible pay?
The end to salary negotiations ultimately prevents marginalised employee classes from suffering pay inequality, according to Brock. “Traditionally people expect they need to negotiate for the best package after being hired in a new job. Those that do this well tend to be rewarded, and those that don’t lose out,” the HR leader said.
“These negotiations can disproportionately leave women and underrepresented minorities behind, and a disparity created early in someone’s career can follow them for decades. We want to do everything we can to ensure that’s not the experience at Coinbase. All employees in the same position, in the same location, receive the same salary and equity offer. No exceptions.”