Paying top employees the highest salaries in the market
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Re: Paying top employees the highest salaries in the market
#2The thing with excessive remuneration with startup’s are, it’s highly unlikely one could switch to a better paying job when the need arises.
Update : To people who ask why would someone need another job?
There are multitude of reasons, a well funded startup which could pay several times the industry standard - when fails; puts excessively paid employees to compete in the same standarised job market. If you live in the part of the world where the HR asks about your previous pay to assess your eligibility for current job, you will soon end up settling for a sub-par(quality) job with standard pay i.e after giving up the ego. Also if the high paying job didn't provide you with necessary foundation to consistently improve your skill set, the moment you are out to compete in open job market; you'll be facing tough competition from better skilled people with standard pay whom the companies would likely prefer. Again, my arguments are based on the fact that you live in part of the world where your previous pay matters for current job interview.
Re: Paying top employees the highest salaries in the market
#3Is this surprising?
Re: Paying top employees the highest salaries in the market
#4The desire for more often blinds us. We all are looking for more wealth, and perhaps working for a startup like this will get us there. However, I personally think that talent is priceless. You can't just throw money for top skill.
In field like startups, you have to passionate on what you're working on to make it the best it can be. Sure, say I have "top talent". But, what we fail to realize that "top talent" may not translate into more revenue or users. I must be willing to work the extra hours and focus my mind one hundred percent of the time to utilize this talent.
And, honestly, I do not think even money would motivate me to work to such a degree if I'm working on something I don't believe in.
Re: Paying top employees the highest salaries in the market
#5The thing with excessive remuneration with startup’s are, it’s highly unlikely one could switch to a better paying job when the need arises. Update : To people who ask why would someone need another job? There are multitude of reasons, a well funded startup which could pay several times the industry standard - when fails; puts excessively paid employees to compete in the same standarised job market. If you live in th…
Sure, but at $3M a year, sock $2.5M away, live extremely comfortably, and have one hell of a rainy day fund.
Re: Paying top employees the highest salaries in the market
#6Cheaper than an acquihire and without the hassle.
Re: Paying top employees the highest salaries in the market
#7The desire for more often blinds us. We all are looking for more wealth, and perhaps working for a startup like this will get us there. However, I personally think that talent is priceless. You can't just throw money for top skill. In field like startups, you have to passionate on what you're working on to make it the best it can be. Sure, say I have "top talent". But, what we fail to realize that "top talent" may no…
true that. Top talent engineers make their companies >20X in profit, no amount of "money" could make someone do this work.
They just love it.
Re: Paying top employees the highest salaries in the market
#8The thing with excessive remuneration with startup’s are, it’s highly unlikely one could switch to a better paying job when the need arises. Update : To people who ask why would someone need another job? There are multitude of reasons, a well funded startup which could pay several times the industry standard - when fails; puts excessively paid employees to compete in the same standarised job market. If you live in th…
Sure, but at $3M a year, sock $2.5M away, live extremely comfortably, and have one hell of a rainy day fund.
or work for 5-6 years, and retire (while still working for your own sake).
Re: Paying top employees the highest salaries in the market
#9The thing with excessive remuneration with startup’s are, it’s highly unlikely one could switch to a better paying job when the need arises. Update : To people who ask why would someone need another job? There are multitude of reasons, a well funded startup which could pay several times the industry standard - when fails; puts excessively paid employees to compete in the same standarised job market. If you live in th…
Sure, but at $3M a year, sock $2.5M away, live extremely comfortably, and have one hell of a rainy day fund.
I agree but you are not remotely considering taxes.
Re: Paying top employees the highest salaries in the market
#10The thing with excessive remuneration with startup’s are, it’s highly unlikely one could switch to a better paying job when the need arises. Update : To people who ask why would someone need another job? There are multitude of reasons, a well funded startup which could pay several times the industry standard - when fails; puts excessively paid employees to compete in the same standarised job market. If you live in th…
Sure, but at $3M a year, sock $2.5M away, live extremely comfortably, and have one hell of a rainy day fund.
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