4 ms·
Yes, but where does the culture change begin? My conundrum in trying to solve it is: - Companies that pay in the top 1% of compensation already don't have a re
by nerdsniper 1y ago
Yes, but where does the culture change begin? My conundrum in trying to solve it is:
- Companies that pay in the top 1% of compensation already don't have a retention problem.
- Only 1% of companies can pay the top 1% of compensation.
- The other 99% have issues with retention.
- Companies only have $X to allocate for 10 years of employment compensation.
- Any 99% company that structures $X of compensation to provide bonus $Y for staying a long time will necessarily offer salary $(X-Y) until the reward is granted.
- Any 99% company that does not provide a reward for staying a long time can offer salary $X, which is higher than $(X-Y).
- A rational employee cannot depend on bonus $Y, and rationally should take competing offers of Salary $X over offers of Salary $X-Y.
- freedomben 1y agoA meta-comment, but I wanted to let you know that I've really enjoyed our comments today. I appreciate your ability to analyze and articulate, and most importantly making me think :-)