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The biggest problem with "Hire someone super smart at a vastly-under-market rate." is that some other company will come along tomorrow and offer them market, an
by compiler-guy 10y ago
The biggest problem with "Hire someone super smart at a vastly-under-market rate." is that some other company will come along tomorrow and offer them market, and the best case is that they give you two weeks notice before jumping ship.
The worst case[0] is that they don't show up the next day and you are SOL.
0. Assuming they don't actively try to sabotage the company that has been exploiting them.
- beachstartup 10y agothis is also the same reason why 'overqualified' is an actual concern. people at the bottom of the totem pole view money as simply a scarce resource -- when it becomes somewhat more abundant, you have other things to worry about and it becomes a means to an end of hiring and retaining good, reliable people. one way of doing this is not to substantially underpay someone who's worth a lot more on the open market, because eventually it will bite you in the ass.