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How about this algorithm ? Whenever someone leaves, present two choices to the team: 1. Divide the salary of the person just left equally among the peers. For e
by 31reasons 13y ago
How about this algorithm ?
Whenever someone leaves, present two choices to the team:
1. Divide the salary of the person just left equally among the peers. For example, In the team of 5 developers, Joe was making 100k per year and he left the position. Give $25 raise to each developer in the team.
OR
2. Hire new person.
There should be a self-stabilizing compensation system where employee don't have to leave purely on the issue of low compensation.
- balls187 13y agoThat would create an incentive to have people leave.
- cdoxsey 13y agoTake the 25k bonus, give 10k to the original guy for leaving, and 15k for yourself. The original guy makes 40k for doing nothing and everyone else gets a raise.
- 31reasons 13y agoGood improvement on the idea. People in the higher places (CEOs) do get severance packages, why not developers!
- 31reasons 13y agoThe point is to keep the internal and external incentives in balance as far as compensation/benefits is concerned.