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And while salary is one lever Target can fiddle with, it certainly isn't the only one. I would argue set high enough it is the only lever. Many that play the s
by kls 15y ago
And while salary is one lever Target can fiddle with, it certainly isn't the only one.
I would argue set high enough it is the only lever. Many that play the start up game do so because first and foremost, there is the chance to earn far more than they can at an organization like Target. Sure it's a long shot but, there is at least the chance, if large organizations started to cross that chasm. I believe that they would indeed start to attract talent. If one could become moderately wealthy working for Target then a lot of people would choose that option, sure it's not the fame and fortune of making it in a start up, but a road somewhere in the middle is a road I would imagine that many developers would be willing to travel.
- bluedanieru 15y agoThat's not very realistic and they almost certainly don't have the money for it. Moreover, increasing salary nets diminishing returns for motivating people after a certain point, and if it sucks to work for you, then no matter how much you pay, people are going to get bored and frustrated and leave.
- kls 15y agoI would be hard pressed to believe that they do not have the money for it, while I was at Marriott I doubled our budget for salary and did not change head count. I raised salaries above market rate and used some of it for merit based bonuses. It was very effective in recruiting and retaining talent. It was not the only thing that I did, but money cannot be discounted as a motivating factor. I will cede to your point that it the place flat out sucks even an astronomical amount of money may not retain your talent. But I am giving them the benefit of the doubt that they are mediocre at worst.