3 ms·
I wonder how long it will take for the salaries to normalise comparing with market rate. The salaries increased to 70k minimum, so they’re paying above market
by curiousguy 7y ago
I wonder how long it will take for the salaries to normalise comparing with market rate.
The salaries increased to 70k minimum, so they’re paying above market rate for a few roles.
The hiring quality will also increased. For example, with a 40k salary, the company could hire someone with 5 years of experience, with 70k, they can find someone with 10 years of experience.
So in a few years the company will get rid of low performance and hired more skilled workers and the salary vs skill will match the market rate again. (with a few exceptions)
- macspoofing 7y ago>I wonder how long it will take for the salaries to normalise comparing with market rate. When they stop growing and increased competition will cut into their margins, and especially if they start losing money. At that point, they'll be looking at efficiencies everywhere - and those expensive employees will probably be laid off.