5 ms·

Step 1 For Sustainable Innovation: Stop Overpaying Employees, says Trip Hawkins

8 points by robertbud1 16y ago

jmount 16y ago
Tip 4: form an illegal cartel among employers because salaries are cheaper under monopsony pricing.
- deleted 16y ago
  [deleted]
- hga 16y ago
  I've heard that the North Carolina "Research Triangle" is a "company town" sort of place that works like that.
rleisti 16y ago
Step 2: Don't follow random advice that doesn't take into account the particulars of your situation.
asimjalis 16y ago
So where are these employers that are over-paying employees.
philk 16y ago
Step 2: Write article to convince your competitors to pay below the odds and refrain from poaching your best staff.
damienkatz 16y ago
> 1. Stop overpaying employees. Jobs now have inflated value because most companies assume that everyone they employ or hire is above average, which is a mathematical impossibility. That's just silly. Obviously not every company can beat "average", but if you are good at attracting and sizing up employees, then of course it's possible to put together a great team where everyone is beyond average. It gets harder the larger you get, but that's a long way from "Mathematical impossibility".
- tbrownaw 16y ago
  It's also silly because if employees were in fact paid on average more than they produce (more than they're worth), the company doing this would go broke rather quickly.
tptacek 16y ago
Here, let me translate that into Hacker News English: Don't go to work in the games industry.
- gte910h 16y ago
  I saw "Founder of EA" and thought "That explains a few things"
  - ojbyrne 16y ago
    His other company mentioned there, 3D0 filed for bankruptcy in 2003.
    - gte910h 16y ago
      That doesn't mean anything. That's what happens to most companies.
JoeAltmaier 16y ago
Sounds like my kind of place: "It may be a sweatshop, but at least I'm not overpaid!"
theorique 16y ago
The "me, first" culture encourages too many job changes and companies are now codependent enablers Silly old labor! Imagine the silliness of wanting to earn as much as you can by exchanging your time and skill for more money at place A rather than less money at place B! Of course, management would never support a self-centered, "me first" culture... (move along now, nothing to see here...)
theBobMcCormick 16y ago
How about stop overpaying clueless shithead CEO's like this one?
pmichaud 16y ago
This is like aged corporate manager porn. What a crock, lol

8 points by robertbud1 16y ago

jmount 16y ago

Tip 4: form an illegal cartel among employers because salaries are cheaper under monopsony pricing.

deleted 16y ago
[deleted]
hga 16y ago
I've heard that the North Carolina "Research Triangle" is a "company town" sort of place that works like that.

rleisti 16y ago

Step 2: Don't follow random advice that doesn't take into account the particulars of your situation.

asimjalis 16y ago

So where are these employers that are over-paying employees.

philk 16y ago

Step 2: Write article to convince your competitors to pay below the odds and refrain from poaching your best staff.

damienkatz 16y ago

> 1. Stop overpaying employees. Jobs now have inflated value because most companies assume that everyone they employ or hire is above average, which is a mathematical impossibility. That's just silly. Obviously not every company can beat "average", but if you are good at attracting and sizing up employees, then of course it's possible to put together a great team where everyone is beyond average. It gets harder the larger you get, but that's a long way from "Mathematical impossibility".

tbrownaw 16y ago
It's also silly because if employees were in fact paid on average more than they produce (more than they're worth), the company doing this would go broke rather quickly.

tptacek 16y ago

Here, let me translate that into Hacker News English: Don't go to work in the games industry.

gte910h 16y ago
I saw "Founder of EA" and thought "That explains a few things"
- ojbyrne 16y ago
  His other company mentioned there, 3D0 filed for bankruptcy in 2003.
  - gte910h 16y ago
    That doesn't mean anything. That's what happens to most companies.

JoeAltmaier 16y ago

Sounds like my kind of place: "It may be a sweatshop, but at least I'm not overpaid!"

theorique 16y ago

The "me, first" culture encourages too many job changes and companies are now codependent enablers Silly old labor! Imagine the silliness of wanting to earn as much as you can by exchanging your time and skill for more money at place A rather than less money at place B! Of course, management would never support a self-centered, "me first" culture... (move along now, nothing to see here...)

theBobMcCormick 16y ago

How about stop overpaying clueless shithead CEO's like this one?

pmichaud 16y ago

This is like aged corporate manager porn. What a crock, lol