5 ms·
When starting a technology startup a massive amount of the company's value is in the heads of the employees. If you're going to go the route of underpaying over
by smokinn 17y ago
When starting a technology startup a massive amount of the company's value is in the heads of the employees. If you're going to go the route of underpaying over-qualified employees you'd better make sure you have them document their systems thoroughly and be fully prepared for when (not if, when) they leave.
If you only have a dozen employees and you lose a couple or a few key employees that can horribly impact your future. It's risky and hopefully there's a plan set up to mitigate that risk.
- lsc 17y agothis is excellent advice. Of course, it's also excellent advice when you are paying market rate or above market prices for labor, people still leave, if not quite as quickly. I find that technical people especially seem to be not particularly motivated to maximize their income. Treat your underpaid people well, and you can often keep them around for a few years.