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The problem with that line of thinking is that it is extremely hard to measure the value that employees provide to the company. “Pay them what they are worth” s
by jakobegger 9y ago
The problem with that line of thinking is that it is extremely hard to measure the value that employees provide to the company. “Pay them what they are worth” sounds straightforward, but in reality you just can’t put a number on a candidate.
The younger candidate might be inexperienced but a fast learner; the older candidate might have a lot of experience, but might be reluctant to adopt the companies coding practices...
There’s no way to know which of them is going to provide more value in the long term; but you do know that one of them expects a significantly higher salary.
- dogruck 9y agoI agree that it is hard to measure an employee's value. Furthermore, predicting a candidate's value is even more difficult. Even then, I think the compensation can be structured to reflect that risk profile.
- wpietri 9y ago> “Pay them what they are worth” but in reality you just can’t put a number on a candidate. I'm having trouble making sense of this. Isn't that exactly what the hiring manager does? Then, if that number is too far off, it gets adjusted later, once more data as to value comes in.
- dogruck 9y agoA cynical way of saying it is that since assessing employee value is so difficult, companies adopt a strategy of systematically discriminating against older candidates.
- jpindar 9y ago>you do know that one of them expects a significantly higher salary. How do you know that before you ask them?