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When choosing how to reward existing employees, companies have to choose a point between two extremes: Increase salary too quickly and you leave money on the t
by ukoki 3y ago
When choosing how to reward existing employees, companies have to choose a point between two extremes:
Increase salary too quickly and you leave money on the table by wasting raises on employees who would stay for less
Increase salary too slowly and you cripple your business with unsustainable turnover
This is simply a disagreement about where the “sweetspot” lies that generates the most profit for the company.
The general opinion on reddit / hacker news is that big companies choose a balance that doesn’t reward employees enough. But that’s not surprising because users on these platforms are mostly employees.