5 ms·

Just pay higher (statistically significant) take home compensation than tech and see a lot of talent flocking to you. /cynic Maybe 5-10 years back, when Tech w

Just pay higher (statistically significant) take home compensation than tech and see a lot of talent flocking to you. /cynic Maybe 5-10 years back, when Tech was everyone's darling and Wall St reputation was in tatters after 2008 crash, higher packages alone wouldn't have been sufficient. But tech is sufficiently tarnished now.

C1sc0cat 8y ago
Its the truth even though most employees wont directly admit it is the $$ that is the key infuencer.
hocuspocus 8y ago
> /cynic Or /realist. This works very well for the tobacco industry.
AlexTWithBeard 8y ago
A statistically higher salary works well for luring employees, but doesn't help much retaining them. As soon as that developer is used to his half a million take home, which takes roughly three years, he'll start looking for a new pasture. So the understanding has formed that in order to retain employees, you must show them that the grass over there is not actually that much greener. That we also have interesting projects (read: internal mobility), career opportunities and the aforementioned bean bag chairs.
- otabdeveloper1 8y ago
  > A statistically higher salary works well for luring employees, but doesn't help much retaining them. This is false. A high salary fixes the loyalty problem. It won't, however, fix the motivation or competence problems. > As soon as that developer is used to his half a million take home, which takes roughly three years, he'll start looking for a new pasture. He won't if you're paying above market rates. Especially if that salary comes with strings attached. (Bonuses, stock, etc.)
  - AlexTWithBeard 8y ago
    High salary alone will not create loyalty: there always will be someone who offers more. The "strings" don't work that well either: deferred comp matching is pretty much standard these days.
    - otabdeveloper1 8y ago
      > High salary alone will not create loyalty: there always will be someone who offers more. "High salary" means "above market rate salary", i.e., you're the one who offers more than everyone else. Yes, it does definitely create loyalty, to pretend otherwise is stupid. There are some things people won't do for money, but it's an awfully small list.
- SketchySeaBeast 8y ago
  > As soon as that developer is used to his half a million take home, which takes roughly three years* *Some conditions apply
Nasrudith 8y ago
HR people make their careers getting paid by people who would do anything to attract workers except for raising salaries or loosening up in any meaningful way.
- deadbunny 8y ago
  I have a recruiter friend and we had a good laugh at companies hiring practices the other day when we were discussing contractor vs. permie hiring/compensation etc... Company: "We need X, we're paying Y" Friend: "For Y you're really looking more at Z" Company: "We don't have the budget for Z, we're paying Y. And don't forget, we want the best" Friend: "The pickings are slim, here is the best I can do" Company: "These are all garbage" 3 months of mediocre candidates later Company: "Holy shit we need to fill this role immediately, get a contractor! We'll pay Z*3 Friend: "Look at all these top tier candidates I have" Role filled within a few days.

C1sc0cat 8y ago

Its the truth even though most employees wont directly admit it is the $$ that is the key infuencer.

hocuspocus 8y ago

> /cynic Or /realist. This works very well for the tobacco industry.

AlexTWithBeard 8y ago

A statistically higher salary works well for luring employees, but doesn't help much retaining them. As soon as that developer is used to his half a million take home, which takes roughly three years, he'll start looking for a new pasture. So the understanding has formed that in order to retain employees, you must show them that the grass over there is not actually that much greener. That we also have interesting projects (read: internal mobility), career opportunities and the aforementioned bean bag chairs.

otabdeveloper1 8y ago
> A statistically higher salary works well for luring employees, but doesn't help much retaining them. This is false. A high salary fixes the loyalty problem. It won't, however, fix the motivation or competence problems. > As soon as that developer is used to his half a million take home, which takes roughly three years, he'll start looking for a new pasture. He won't if you're paying above market rates. Especially if that salary comes with strings attached. (Bonuses, stock, etc.)
- AlexTWithBeard 8y ago
  High salary alone will not create loyalty: there always will be someone who offers more. The "strings" don't work that well either: deferred comp matching is pretty much standard these days.
  - otabdeveloper1 8y ago
    > High salary alone will not create loyalty: there always will be someone who offers more. "High salary" means "above market rate salary", i.e., you're the one who offers more than everyone else. Yes, it does definitely create loyalty, to pretend otherwise is stupid. There are some things people won't do for money, but it's an awfully small list.
SketchySeaBeast 8y ago
> As soon as that developer is used to his half a million take home, which takes roughly three years* *Some conditions apply

Nasrudith 8y ago

HR people make their careers getting paid by people who would do anything to attract workers except for raising salaries or loosening up in any meaningful way.

deadbunny 8y ago
I have a recruiter friend and we had a good laugh at companies hiring practices the other day when we were discussing contractor vs. permie hiring/compensation etc... Company: "We need X, we're paying Y" Friend: "For Y you're really looking more at Z" Company: "We don't have the budget for Z, we're paying Y. And don't forget, we want the best" Friend: "The pickings are slim, here is the best I can do" Company: "These are all garbage" 3 months of mediocre candidates later Company: "Holy shit we need to fill this role immediately, get a contractor! We'll pay Z*3 Friend: "Look at all these top tier candidates I have" Role filled within a few days.