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"Let’s start with the lost money – $70k. Whether you’re a big business or startup like us, that’s a lot of cash burned on people who added little to no value to
by sukuriant 13y ago
"Let’s start with the lost money – $70k. Whether you’re a big business or startup like us, that’s a lot of cash burned on people who added little to no value to your goals."
70k / 6 employees < 12k / employee.
That's a lot of money? That really doesn't seem like that much money, especially if the vetting paradigm allowed the other 13 employees to bring vastly more than that lost 12k / employee to the table.
- rch 13y agoExactly what I came here to type. I'd like to know what the OP thinks a legitimate end of the day is too.
- jurassic 13y agoAgreed. When I read that bit, I wondered if part of his "bad hire" profile is somebody who has too much self-respect to kill themselves working >50 hrs/wk for his company at what looks like below-market rates.
- lfender6445 13y agohehe, you guys beat me to it
- deleted 13y ago[deleted]
- weaksauce 13y agoassuming 8 hour days and 2 days a week off they are looking at 82k/year. that's hardly "rock star" level developers that he's expecting. Though, I am not sure what a "rock star" goes for in Toronto so maybe that is "rock star" up there.
- FireBeyond 13y agoRealize too, that's $82K CAD, just under $75K USD.
- thrownaway2424 13y agoAt an average 75 days per, that's 450 days of work, about 2 years of work for $70k, fully loaded. Bargain of the century. I'm not looking for a job but now I know at least one place and one person I can just blacklist forever.
- bcbrown 13y agoNot just that, but if that was purely the salary cost (not the fully loaded cost, which he said it was), that'd be a pretty low salary. 75 days on average times 6 employees is 450 days. Assuming that's calendar days, not workdays, that's 1.23 years, or 57k/yr. That seems shockingly low to me, even for a non-SV startup of 25 employees.
- JabavuAdams 13y agoYeah, what does this even mean? My fucking computer and monitors cost more than that.