3 ms·
>> I find it absolutely crazy that companies do this. It has changed a bit, but a large part of it is due to HR policies around salary bands. You can have one
by TuringNYC 5y ago
>> I find it absolutely crazy that companies do this.
It has changed a bit, but a large part of it is due to HR policies around salary bands. You can have one person do 10x or 5x and another do 1/3x but their salaries are often max .5 factor apart. Ive been in situations where i'd rather reward (perhaps with a vest period) one person with 3x the salary and just skip all the inter-person communications bs, but HR makes it hard.
We were able to do this at hedge funds, and i'm sure small startups can do this, but as companies grow, HR will generally not allow this.
- JonChesterfield 5y agoIt strikes me as a fundamental mistake that HR are not responsible for the consequences of their policies. Failing to hire people leads fairly directly to failing to ship products, yet that doesn't appear to be attributed back to the team that insists they are all asking for above 'market rate'.