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- DoorDash has finally gone public.
- In documents relating to the delivery company’s IPO, Tony Xu, CEO of DoorDash, wrote that employees were his “greatest competitive advantage.” But are they paid as such?
- To find out, Business Insider delved into data on workers’ wages by examining disclosures made through the H-1B visa program.
- Visit the Business Insider homepage for more stories.
DoorDash released its brief to make it public on Friday, which revealed a boom in business and declining losses during the coronavirus pandemic as more people confined to their homes ordered food from restaurants.
And while many startups said they were forced to cut jobs to stretch their operating budgets earlier this year, the delivery unicorn, last valued by its private investors at $ 16 billion, has been hiring non-stop. . It lists 217 vacancies at its San Francisco headquarters, where most of its corporate jobs are located. DoorDash’s workforce more than doubled to reach 2,600 employees from the end of 2018 to the end of 2019.
This does not include the thousands of delivery drivers who are not on his payroll and classified as independent contractors. Because they are not employees, the company is not required to give them the benefits that full-time employees receive, such as minimum wage, paid time off, and health insurance – an exemption that was reinforced with the adoption of a voting measure in California. month.
In the company’s S-1 file, Doordash CEO Tony Xu wrote that employees were his “greatest competitive advantage.”
So we did some research to find out if they were compensated as such. And the short answer seems to be yes. Our research shows that employees in all technical and business roles can expect six-figure salaries.
The United States Office of Foreign Labor Certification requires companies to disclose the compensation of permanent and temporary employees outside the United States to ensure that companies do not pay them less than the average salary earned by their employees. peers. DoorDash’s federal deposits give an idea of how much the company pays for certain roles.
Business Insider has scoured the data released in 2020. This is only salary information and does not include other compensation, and many of those employees can expect stock awards, the CEO.
“Just like the issues we solve, working at DoorDash is a challenge,” Xu wrote in the company’s prospectus. “We have ambitious goals and we raise them when we exceed them, always raising the bar. To foster this ownership mentality, we believe in using fairness as an important part of our employee compensation.”
When there were several jobs with the same title, we included a salary scale.
Take a look at how much full-time DoorDash employees are making.
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