I presume you're referring to the value of retaining employees? I'd be curious to see an economist take a look at what's going on here. The software-developmen

I presume you're referring to the value of retaining employees? I'd be curious to see an economist take a look at what's going on here. The software-development profession continues to incentivise employees to constantly change jobs, despite that employers pay a real 'onboarding penalty' for employee churn. If someone knows the answer I'd be interested to hear it. > as much as is consistent with the value the employees deliver But what does that mean? If an employee delivers $100,000/year of value, how how much should you pay them? Surely the answer (regarding the employer's self-interest) should factor in the odds of them leaving at any given pay-grade. The answer presumably isn't $99,999. The employer is looking to 'capture value', after all.