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Why Don’t Tech Companies Pay Their Engineers to Stay?
(marker.medium.com)
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this post was submitted on 06 Sep 2024
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Programming
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After he found that formula for accurately and fairly assessing the impact an engineer makes, he should do anti-gravity next. Should be easy by comparison.
I was kinda baffled by this too. I like the general idea that they present (you need to pay your own long-tenured engineers higher than market rate cause they actually know more about your own system), but this idea of a formula? What, are you gonna start counting git commits? A formula sounds like a super weird way to solve that problem.
Just look at the engineers that add value in your company and pay them a fair market rate. When someone leaves, find out what salary they get in the new job and ensure all your remaining engineers get at least that amount and adjust as you go along. Something like that perhaps.
The hard part is "that add value". Not only it's hard to measure, but highly depends on scope of what is done