Springworks

Has anyone been able to integrate with Digilocker for education verification documents? Every time we ask - we run into a wall

I didn’t fully understand until I was a CEO overseeing (approving) HR policies that PTO should be thought of as “extras days worth of PAY you are given by the company,” and unlimited PTO means you are given zero of them. Many people don’t understand this. PTO (paid time off) is really like “you work your workdays, and the company pays you for those days, and then every year it pays you N extra PTO days worth of dollars.” When you take a PTO day off, you can think of it as the company not paying you for that day, you “pay for your own day’s salary” using one of those PTO days worth of dollars. Those are literal extra dollars the company is including in your comp because when you leave, you are paid out (in dollars) for the PTO days you haven’t used. So each PTO day has a direct and literal dollar equivalent. When you have “unlimited PTO,” the company doesn’t pay you any dollars for them, you’re just allowed to take days off without formal accounting. When you quit, you are paid out zero PTO days worth of dollars. The only ways unlimited PTO works in your favor is if you take off significantly more days in PTO than you otherwise would, and most people don’t do that. Usually they take roughly the same amount of PTO as they would in any other job, just with a bit less accounting. People who abuse it are usually bad employees in other ways and get fired; an unlimited PTO program punishes the hardest workers (who often take less than their full PTO) because they don’t get paid for their banked days when they leave. When I was a young man at early Facebook, the company changed its PTO policy and a new, unpopular HR guy had to stand up in front of the whole company and try to explain why unlimited PTO (at the time a concept popularized by Netflix) really meant zero PTO, but no one understood because most of the company was young millennials and he was not a very good speaker and got shut down and was unfairly maligned for that incident for many years. Many years later at Reddit, I was working with our head of HR at setting up our PTO policies after being spun out of Condé Nast. The employees wanted an unlimited PTO policy, and I wanted to ensure we had employee-friendly HR policies (as we tended to in tech, for retention), but being the details-oriented guy that I was, I slowly realized as I was reviewing the mechanics of the policy before approving them that this just meant we were reducing PTO accrual rates from “15 days (worth of extra pay)” each year down to 0 days worth - all in return for (in practice) not having to do extra accounting around PTO - it wasn’t like anyone was going to take more vacation. Netflix had sort of memed everyone into thinking “unlimited PTO because we treat you like adults instead of tracking you” was better than tracking those days and getting cash for them when you left. The employee desire for “unlimited PTO” as a policy was so culturally strong and I wasn’t able to clearly explain how it was misleadingly bad so… we ended up with unlimited PTO. 😔 (Steve might’ve fixed this when he returned so maybe it’s no longer like this) It’s many years later now so I’m curious to know: how many people have unlimited PTO programs at their company, and how does it work out for you?

If this is true it would be sad. The Soham saga doesn’t seem widespread to me. He seems like a 5 std dev above the mean kind of fraud. Decent startup idea in here though: there is probably a space for remote employee certification

After the Soham saga, pretty sure very few YC startups will hire remote Indians. Classic case of one guy exploiting a high trust society which leads to downfall of all the others around him.

Soham Parekh is just the tip of the iceberg, just like this Redditor pulling $800k a yr working 5 jobs. r/overemployed is a ~500k community where people just maniacally discuss this. There are 1000s of Soham Parekhs we don't know about.

After the Soham saga, pretty sure very few YC startups will hire remote Indians. Classic case of one guy exploiting a high trust society which leads to downfall of all the others around him.