4 ms·

Should it be a race to the bottom? Also, I think it's pretty rare in tech to have multiple qualified candidates to choose from. Typically the candidates have mu

Should it be a race to the bottom? Also, I think it's pretty rare in tech to have multiple qualified candidates to choose from. Typically the candidates have multiple offers, not the other way around.

mulmen 6y ago
Compensation is not based on the value provided to the company. Compensation is based on "market rate" as in, the lowest amount of money a candidate is willing to accept to do the job. The information asymmetry is such that candidates accept offers for far less than the company is willing to pay.
- Pfhreak 6y ago
  That's not what market rate means. Market rate is a surveyed bell curve for the job across multiple companies.
  - mulmen 6y ago
    Yes, the rate the market pays. That’s different than the value a candidate can bring to the company.