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As someone trying to build a brand new team, I am happy to pay people whatever they think they are worth. I wonder if there is a way to do this without offendin
by farazbabar 8y ago
As someone trying to build a brand new team, I am happy to pay people whatever they think they are worth. I wonder if there is a way to do this without offending the engineers I am trying to attract - I mean, if they are not to answer the question how much do you want, how do I pay them what they want? I am not at all worried about over-paying because any engineers that don't meet the performance bar I set won't last long enough for it to matter.
- mmt 8y agoYou say you're not worried about over-paying, but you mention the opinion/want of the engineer twice. If you're truly not worried, just figure out the most generous compensation on the market (e.g. consultant rates, what FAANG pays) for a comparable engineer and exceed it. Alternatively, or additionally, be generous with equity and/or profit-sharing. Even with a base salary that's only slightly above market, an engineer is unlikely to feel cheated/exploited if they're also being compensated with a significant portion of the value the company realizes from them. (In the typical company, where all employees' combined share is 10%, it's not significant).