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Remember, if you pay median, 1/2 the engineers are making more at other companies.
by JJMcJ 6y ago
Remember, if you pay median, 1/2 the engineers are making more at other companies.
- chiyc 6y agoThis is a great point so many companies don't seem to get. The company I worked for previously thought their pay was "competitive" because they kept people at median of market. Company before that, same deal, I was paid a "fair" median salary. Turnover at both companies was very high as you'd expect.
- deleted 6y ago[deleted]
- hinkley 6y agoI don’t think they recall that a 50% is a failing grade in every class and on every test they ever took.
- cunac 6y agoalso remember that median always exists so it will always be a case that there is 1/2 under and 1/2 over.If all companies paying median raise that by 20% what is a current median?
- johnjboren 6y agoFound the MBA. /s
- perl4ever 6y agoCounterpoint: there are always a certain number of companies that will fail in the near future, so the median salary among viable companies is probably higher than the overall median.