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Things are very different in a field with long product cycles. If it takes 5 years to get a product into the field then the company has a huge incentive to reta
by Cerium 5y ago
Things are very different in a field with long product cycles. If it takes 5 years to get a product into the field then the company has a huge incentive to retain employees.
- throwaway09223 5y agoSure, but if you're depending on the cliff for retention you're working against your own interests: Employees will leave the 53rd week, just after you've spent all that effort training them within your environment. Long term retention hinges on long term adequate compensation and long term quality environments. There's no need for cliffs.
- Cerium 5y agoSure, there is no need for a cliff, but if you are attracting the right talent with adequate compensation (that keeps up with market changes!) the cliff does not matter.
- kerng 5y agoHow can you attract the right talent when competing with companies, like Google, Amazon (with their cash bonus payment model to compensate their weird back weighted RSUs) or Netflix being able to hand out offers without any of these risks? An engineer with family is unlikely to take such a risk and rather join Google or even Amazon where compensation is guaranteed.