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Fairness is doing a lot of work here, I think getting paid fairly means you get paid based on how well the organization as a whole does. I like the equity ince
by TameAntelope 5y ago
Fairness is doing a lot of work here, I think getting paid fairly means you get paid based on how well the organization as a whole does.
I like the equity incentive structure; rather than incentivizing time-based work (work two weeks, get paid two weeks and that's it), you make more based on how well you're able to effect outcomes at an organization level. Make the company more successful, make yourself more successful.
It attracts people who want to be paid fairly for their high skill level. If you clock in/clock out, you'll make nothing. If you actually do the right work and value tangible org-wide results, you'll make way more.
- winrid 5y agoNo, you'll make way more if the company, market, and economy does well. I like to do a good job and work hard because I __enjoy it__. But I'm not going to work for peanuts in exchange for a chance to make more in the future unless it's my own company.
- TameAntelope 5y agoYou'll make way more money if you do well, because you have a huge influence on the outcome of how well the company will do. I very much dislike this learned helplessness you're trying to virtuize. You absolutely have control over your outcomes, and I don't really want to work with people who don't agree with that sentiment.
- winrid 5y agoMy problem is you're talking in absolutes, which are just not true. There is no guarantee you'll make more money if you do well. It helps, yes, but it's not good to mislead people. Yes, I've doubled compensation at companies by doing a good job, but there is a lot more to it than that. You can build the best software in the world but if you have a crap sales team your performance doesn't matter. If you're going to make that kind of investment and expect to have a return in the future you have to analyze the companies you work at like an investor would, and that's just the first step.
- lostdog 5y agoThere is a difference between having a large impact on the company's product and it's overall success versus getting properly compensated for your efforts. It's always possible to try to do great work and to push the company in a great direction. That's great, and yes people like this are great to work with. However, stock options are nearly always structured to keep money away from employees rather than rewarding them. Some of the structure is due to the tax laws, but plenty of it is due to the terms companies set for their stock options. You seem to be confusing these two things.