34 ms·
You seem to assume its easy to sort the wheat from the chaff. If you offer $1m per year (which is a ridiculous premise from the get go), you'll maybe get more
by abraae 9y ago
You seem to assume its easy to sort the wheat from the chaff.
If you offer $1m per year (which is a ridiculous premise from the get go), you'll maybe get more good candidates (though a lot would assume there was something weird going on and would balk), but you'll certainly also get way more bad candidates, including many who are cunning and able to take up a lot of your recruiting bandwidth, and maybe cunning enough to actually talk their way in - making your problem worse.
It's just too simplistic to assume that throwing money at the problem will solve your talent problems.
- ryandrake 9y agoSorting the wheat from the chaff is Problem One you need to solve regardless of whether you offer below, at, or above market pay. I think the grandparent poster's point was that by offering well above market pay, you will have more of both (wheat and chaff) in your funnel so you'll be able to sort through more wheat. Assuming you have Problem One nailed you'll end up ahead of those offering below market (who might only attract chaff).
- alien_at_work 9y ago>It's just too simplistic to assume that throwing money at the problem will solve your talent problems. Labor is a market exactly as any other: paying the highest price does not always get you the best quality but paying the lowest price always ensures you don't.
- jh3 9y agoWhat you're saying is false, but what you're quoting is correct. I definitely wouldn't say "always".
- alien_at_work 9y agoI can't parse what you're saying. Are you saying the quote I replied to is correct? In any case, I think always is close enough to fit. Yes, sometimes someone gets something very cheaply but that's usually because of ignorance or urgency from the selling party, deception, etc., etc. In a natural market interaction, if you're paying bottom dollar you are not and cannot be getting the best quality (unless you are in a scenario where the offering is flat: the best offering is also the worst).
- dennisgorelik 9y ago> Are you saying the quote I replied to is correct? Yes: that is what he is saying. > always is close enough to fit No. It is very unlikely to hire top talent at scale, but it is still possible to hire top talent occasionally even for below market rates.
- CoreXtreme 9y agoI've hired plenty of technically rockstar employees for cash strapped startups. Those who get kick out of these technical challenges are willing to do it for nearly free - we only gotta make sure, their other needs are taken care of.