A financial technology firm, PayLater has incurred social media ire after advertising a vacant position and attaching the pay which commentators considered as meagre.
The digital loaning company had advertised the position of Chief Technology Officer (CTO) for PayVest, its platform launched in January 2020 to provide investment opportunities for users.
In the advert shared on Twitter, the company advertised the annual salary for the position as N1.2 million with N450,000 in allowances.
According to the advert, the successful candidate would also have access to health insurance.
However, the job requirement included five-year working experience, maximum of 35 years, and proficiency in programming, product design, software development and “understanding of design thinking”.
Many commentators berated the company, saying the pay was belittling for a position requiring such qualifications.
A commenter, Nayvadius DeMun Wilburn wrote, “My friend is here complaining about a job she just got a contract for, a writing job that requires two articles per day. Guess how much they are offering, 18k monthly. These people are heartless with zero human empathy.”
Blue Chip Tony wrote, “This is how “entrepreneurs” kill their dreams. Carry that money, give an experienced dev to build you an MVP that can generate money for you before you start thinking of salary. But NO, you want “staff” . The staff you get will probably be underskilled and inexperienced.”
T-Code wrote, “I thought it was per month at first. Lol.”
Another commentator, Tobilola wrote, “I swear in my head I was reading 1.2m per month and I was wondering why people were angry. These guys want to pay 100k wtfffffffffff. No wonder they put annual salary.”
“This conversation is so cringeworthy. I wished it didn’t exist. But in truth, we cannot deny that this might be the prevailing reality across new startups,” Charles Isidi.
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